815-2550 Lawrence Avenue, Toronto, ON
Dorset Park, Toronto · MLS® E13417102
About this home
Overlooking the Scarborough Muslim Association mosque, this beautifully renovated 8th-floor condo is the opportunity first-time buyers and young professional couples have been waiting for. If you're ready to stop renting and start building equity without the stress of fluctuating utility bills, your condo fees cover heat, hydro, water, and air conditioning, and an owned underground parking space is included, so you can budget with complete confidence every single month and put your energy toward the things that actually matter. Whether you're commuting downtown, working hybrid, or just starting out together, this move-in ready one-bedroom gives you a stylish space that feels like home from the moment you walk in. The kitchen features new cabinetry, quartz countertops, and a new dishwasher; the bathroom has been fully redone with marble-look tile, a glass shower, and an LED vanity mirror; and new custom tile and laminate flooring run throughout. A brand-new in-suite washer and dryer means no coin laundry, no shared machines, no scheduling your week around it. Oversized floor-to-ceiling windows flood the space with natural light and frame sweeping city views from both the living room and bedroom. It's the kind of backdrop that makes working from home or unwinding after a long day genuinely enjoyable. As an 8th floor resident, the rooftop patio is right on your level for effortless outdoor access, and the building's indoor pool, hot tub, sauna, gym, games room, and 24-hour concierge mean your lifestyle needs are covered without ever leaving home. With TTC at your door and Kennedy Subway, GO Station, Scarborough Town Centre, and Highway 401 just minutes away.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13417102
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Lawrence Ave E & Midland Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete Poured
- Maintenance
- $546/mo
- Exposure
- South
- Property tax
- $1,425 / 2025
- Days on market
- 39
- Listing brokerage
- Coldwell Banker Electric Realty
Rooms
recessed lighting · tile floor · quartz counter
Laminate
laminate · closet
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Donwood Park Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Lawrence Ave East at Midland Ave West Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dorset Park, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Lawrence Ave East at Midland Ave West Side, about 56 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $327,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,750
- Property tax
- $119
- Condo / maintenance fees
- $546
- Heating
- $0
- Estimated monthly cost
- $2,415
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,673
- Toronto municipal land transfer tax
- $4,673
- Estimated closing costs
- $9,346
Plus your down payment of $81,980. 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
- $104,994
- Principal paid down
- $41,761
- Interest paid
- $63,233
- Balance remaining
- $286,159
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 Coldwell Banker Electric Realty. MLS®/PropTx.