106-650 Lawrence Avenue, Toronto, ON
Englemount-Lawrence, Toronto · MLS® C13589620
About this home
No need for a car given the convenience of this exceptional location! Just a few minutes walk to the Lawrence West Subway Station with easy access to downtown, Yorkdale Shopping Centre and York University. Daily essentials are within a 10-minute walk at the Lawrence Allen Centre, including grocery stores, Canadian Tire and more. Thoughtfully designed to maximize every square foot, this bright and efficient suite features 9-foot ceilings, large windows, attractive laminate flooring, professionally painted throughout and convenient ensuite laundry. Step outside to your private patio. Perfect for relaxing, entertaining or spending time outdoors with your furry friend in this pet-friendly building. The community courtyard lies just beyond if you want to meet up with friends. Enjoy the added convenience of direct access to a nearby building entrance, allowing you to skip the lobby and elevator altogether. Maintenance fees include all utilities: hydro, heat, water and central air conditioning, as well as outstanding amenities, visitor parking and bike storage. This suite offers exceptional value and worry-free living. Become part of a warm and welcoming community with an active social committee hosting events throughout the year, including an annual BBQ, bingo, exercise classes and more. Residents also appreciate the peace of mind provided by an on-site property manager Monday through Friday, overnight security on weekdays and 24/7 security on weekends. Commuters will love the quick access to the Allen Expressway and Highway 401. Proudly built by Tridel, the Shermount Condominium offers outstanding quality, exceptional value and a wonderful place to call home.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13589620
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- N/E Lawrence Ave W & Allen Rd
- Parking
- 0 parking
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $478/mo
- Exposure
- East
- Property tax
- $1,819 / 2026
- Days on market
- 1
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
open concept · crown moulding
double closet · overlook patio · large window
breakfast bar · overlooks dining
combined w/dining · w/o to patio · crown moulding
Listed at $375,000, this home is about 18% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Englemount-Lawrence lately, sellers have been getting about 97% of asking and homes sell in about 37 days.
Based on 53 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 53 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $347K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $478K
- Bedrooms −$15K
- Adjusts to $463K
That comparable adjusts to $463K; the $456K estimate above is the median of all 53 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is John Polanyi Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $456K, median of 53 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Elevator: rare and valuable for accessibility and resale. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 21% below the area average of $734/sqft.
0 days faster than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Englemount-Lawrence, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $300,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,601
- Property tax
- $152
- Condo / maintenance fees
- $478
- Heating
- $0
- Estimated monthly cost
- $2,230
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,100
- Toronto municipal land transfer tax
- $4,100
- Estimated closing costs
- $8,200
Plus your down payment of $75,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $96,055
- Principal paid down
- $38,205
- Interest paid
- $57,850
- Balance remaining
- $261,795
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.