7 Lorraine Dr 1608

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7 Lorraine Dr 1608, Toronto
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1 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
C4066365
MLSID
Contact Us
Property Description
Bright West Exposure In This Functional Open Concept, 1 Bedroom With Den Unit. Den Is A Separate Room And Has A Closet (Currently Used As A 2nd Bedroom.) Building Has Many Amenities Including Pool, Guest Suites, Party Room, Visitor Parking, Exercise Facilities Etc. Walk To Finch Subway, Restaurants, Shopping Etc. Laminate And Ceramic Floors Throughout.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-26 2023-11-06 11 $620,000 $610,000 Sold
2023-10-11 2023-10-26 15 $499,900 - Terminated
2023-09-05 2023-10-11 36 $679,900 - Terminated
2022-05-18 2022-06-01 14 $749,000 - Terminated
2022-05-18 2022-05-30 12 $2,500 $2,550 Leased
2021-08-12 2021-08-16 4 $2,300 $2,400 Leased
2020-06-22 2020-09-21 91 $2,300 - Expired
2019-07-02 2019-07-06 4 $2,300 $2,350 Leased
Extras
Refrigerator, Stove, Built-In Dishwasher, Washer, Dryer.Window Coverings. Parking P2 #147. Lockbox For Easy Showing In Stairwell. *Must* Show Reco Licence And Give Card To Security.Showings 9Am - 6 Pm Only (Tenant Request).
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,040 (2017)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (Level B/Unit 94)
Garage Type
Undergrnd
Room Summary
RoomLevelSizeFeatures
LivingFlat11.38' x 13.91'Ceramic Floor
DiningFlat5.41' x 7.35'Ceramic Floor
KitchenFlat9.06' x 7.87'Ceramic Floor
MasterFlat9.97' x 10.04'Laminate, Window, Double Closet
DenFlat7.45' x 10.14'Ceramic Floor, Window, Closet
FoyerFlat3.61' x 9.02'Ceramic Floor, Mirrored Closet
Toronto Market Statistics
Toronto Price Trend
7 Lorraine Dr 1608 is a 1-bedroom 1-bathroom condo listed for sale at $485,000, which is $117,936 (19.6%) lower than the average sold price of $602,936 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 1 bedroom condo in Toronto increased by $7,168 (1.2%) compared to the previous 30 day period (February 9 - March 9) and down $19,162 (3.1%) from the same time one year ago.
Inventory Change
There were 1,336 1-bedroom condos listed in Toronto over the last 30 days (March 10 - April 8), which is up 3.6% compared with the previous 30 day period (February 9 - March 9) and up 36.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Toronto typically sold ($9,476) (1.6%) below asking price over the last 30 days (March 10 - April 8), which represents a $1,496 increase compared to the previous 30 day period (February 9 - March 9) and ($4,645) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Toronto over the last 30 days (March 10 - April 8) stood at 50.3%, up from 44.7% over the previous 30 days (February 9 - March 9) and down from 73.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Toronto stood at 27 days when successfully sold over the last 30 days (March 10 - April 8), compared to 45 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Credit Valley Real Estate, Brokerage
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