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    Toronto / Scarborough / West Hill

    505 - 4060 Lawrence Ave E

    For SaleLawrence Avenue Condos
    $400,000
    2 Beds
    1 Bath
    1 Parking
    1,000 - 1,199 SQFT
    25 Days on Strata
    Est Sell Timeframe
    7 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,056/mth
    Taxes:
    $960 (2024)
    Cost Per Sqft:
    $334 - $400/sqft
    Locker:
    Exclusive
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    Flexible
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Carpet, Window
    16.08 x 12.57ft
    Dining
    Carpet, Window
    9.22 x 7.28ft
    Kitchen
    Backsplash, Tile Floor
    13.19 x 6.92ft

    About this Listing

    Welcome to this family-friendly neighborhood, where you can own your own home in the vibrant city of Toronto! This beautiful property features 2 bedrooms and a full washroom, making it perfect for first-time homebuyers or as an investment opportunity. Enjoy easy access to the 401, U of T campus, TTC, Centennial College, hospitals, grocery stores, and restaurants. It's ready for you to move in and make it your own!

    royal lepage ignite realtyMLS® #E9883912

    Amenities

    Visitor Parking
    Concierge
    Gym Room
    Indoor Parking
    Sauna
    Party Room

    Explore Neighbourhood

    6/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,010
    Average Individual Income
    $54,453
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $104,757
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    17%
    50 - 64
    21%
    65+
    20%
    Household Income
    $0 - $30,000
    53%
    $30,000+
    26%
    $60,000+
    13%
    $90,000+
    5%
    $125,000+
    1%
    Housing Types & Tenancy
    Detached
    48%
    Semi Detached
    17%
    Duplex
    14%
    High Rise Apartment
    11%
    Low Rise Apartment
    8%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    56%
    Cantonese
    12%
    Other
    12%
    Mandarin
    9%
    Tamil
    7%
    Urdu
    2%
    Tagalog
    1%
    Hindi
    1%
    Education
    High School
    29%
    University and Above
    27%
    None
    20%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    8%
    Physical Sciences
    6%
    Humanities
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    2%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    Lawrence Avenue Condos vs The West Hill Area

    Building Trends At Lawrence Avenue Condos

    Days on Strata

    Units at Lawrence Avenue Condos spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in West Hill

    Turnover of Units

    On average, each unit is owned for
    7.9
    YEARS before being sold again

    Property Value

    20%
    Increase in property value within the past twelve months

    Price Ranking

    17th
    Highest price per SQFT out of 25 condos in the West Hill area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Lawrence Avenue Condos offers the
    ?
    best value out of 25 condos in the West Hill neighbourhood

    Appreciation Rank

    Lawrence Avenue Condos has the
    ?
    highest ROI out of 25 condos in the West Hill neighbourhood

    Rental Yield

    Lawrence Avenue Condos yields the
    ?
    highest rent prices out of 25 condos in the West Hill neighbourhood

    High Demand

    Lawrence Avenue Condos is the
    ?
    most popular building out of 25 condos in the West Hill neighbourhood

    Transaction Insights at 4060-4064 Lawrence Avenue E

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$342,500 - $385,000$400,000$400,000 - $490,000No Data
    Avg. Cost Per SqftNo Data$349$390$306No Data
    Avg. Wait for Unit AvailabilityNo Data44 Days256 Days33 Days80 Days
    Ratio of Units in Building2%36%5%47%13%

    Transactions vs Inventory

    Total number of units listed and sold in West Hill