23 Lorraine Dr #502, Toronto

Name: 23 Lorraine Drive, Unit 502
SKU: C13757194
Price: 649000 CAD
Availability: InStock

3 Bed, 2 Bath Condo in Toronto

Unit 502 at 23 Lorraine Drive

Welcome to Symphony Square - where space, location, and value come together in the heart of North York! This bright and spacious 3 bedroom, 2 bathroom suite offers an impressive 1,115 sq. ft. of well-designed living space, making it one of the best values in the highly sought after Yonge & Finch neighbourhood. Featuring an efficient, family-friendly layout, large principal rooms, expansive windows that fill the home with natural light, and tasteful updates throughout, this residence is move-in ready while offering outstanding potential to personalize. The generous eat-in kitchen provides ample cabinetry and a sunny breakfast area, while the open-concept living and dining rooms create the perfect setting for everyday living and entertaining. 3 spacious bedrooms, 2 full bathrooms, ensuite laundry, parking, and a locker complete this exceptional package. Residents enjoy first-class amenities including a 24-hour concierge, indoor pool, sauna, fitness centre, party room, billiards, visitor parking, and beautifully maintained common areas. Just steps to Finch Subway Station, TTC, GO Bus Terminal, parks, cafes, restaurants, shopping, supermarkets, and top-rated schools, this unbeatable location offers the perfect blend of vibrant city living and everyday convenience. Whether you're a first-time buyer, growing family, downsizer, or investor, this is an outstanding opportunity to own a spacious home in one of North York's most desirable communities.

3 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $649 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 23 Lorraine Dr #502

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

23 Lorraine Dr #502 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Sep 8, 2026For saleListedThis listingMLS® C13757194$649,000
LeasedPreviously listedMLS® C12673294View listing (opens in a new tab)

See what it sold for, free. Board rules need a free account before we can show sold and past prices.

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 23 Lorraine Dr #502 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 16,089 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $840,000
Average sold price: $1,082,613
Average days on market: 31
Homes sold: 9,552

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$840,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4966.8%On average, homes sold at or above asking.
Active listings12,850Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 30 – Jul 29, 2026.

Based on 9,552 sales from Jul 29 – Oct 27, 2026 (6,950 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 502 — 23 Lorraine Drive 3 bd · 2 ba · 1,000 sqft	$649,000asking	$649	—	—
455 Wellington Street 2 bd · 2 ba · 1,000 sqft
20 O'Neill Road 2 bd · 2 ba · 800 sqft
2885 Bayview Avenue 2 bd · 2 ba · 700 sqft
18 Lower Village Gate 2 bd · 2 ba · 1,400 sqft
100 Upper Madison Avenue 2 bd · 2 ba · 1,200 sqft
20 Edward Street 2 bd · 1 ba · 500 sqft

455 Wellington Street
2 bd · 2 ba · 1,000 sqft
20 O'Neill Road
2 bd · 2 ba · 800 sqft
2885 Bayview Avenue
2 bd · 2 ba · 700 sqft
18 Lower Village Gate
2 bd · 2 ba · 1,400 sqft
100 Upper Madison Avenue
2 bd · 2 ba · 1,200 sqft
20 Edward Street
2 bd · 1 ba · 500 sqft

More in this building

4 for sale · 2 for rent at 23 Lorraine Dr — plus its sale and lease history.

See all of 23 Lorraine Dr

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Finch StationLine 1370 m5 min walk
North York Centre StationLine 11.1 km14 min walk
Sheppard-Yonge StationLine 1, Line 41.9 km24 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Finch Station (Line 1)5 min walk
North York Centre Station (Line 1)14 min walk
Sheppard-Yonge Station (Line 1, Line 4)24 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Finch Station
370 m5 minClosest· Line 1
Homes near Finch Station
North York Centre Station
1.1 km14 min· Line 1
Homes near North York Centre Station
Sheppard-Yonge Station
1.9 km24 min· Line 1, Line 4
Homes near Sheppard-Yonge Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 23 Lorraine Dr #502. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 23 Lorraine Dr #502

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,188; 20% down · 25 years · 5.5% assumed
Property tax: $357; 0.66% mill rate · ON
Total per month: $3,545; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,188

/mo

based on the purchase price of $649,000

Down payment20%

$129,800 cash

Amortization25 yr

$519,200 financed

Rate5.50%

$437,303 total interest

Principal54%$519,200

Interest46%$437,303

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 23 Lorraine Dr #502 with a licensed buyer's agent

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Questions About 23 Lorraine Dr #502

How much is 23 Lorraine Dr #502 listed for?

23 Lorraine Dr #502 is listed at $649,000 (MLS® C13757194). Summitly updates the price as soon as the MLS® record changes.

Is $649,000 a good price for 23 Lorraine Dr #502?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 23 Lorraine Dr #502 changed?

No — 23 Lorraine Dr #502 is still listed at its original asking price of $649,000.

How many bedrooms and bathrooms does 23 Lorraine Dr #502 have?

23 Lorraine Dr #502 has 3 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 23 Lorraine Dr #502 close to transit?

The nearest rapid-transit station is Finch Station (Line 1), about 370 m (about a 5-minute walk) in a straight line. North York Centre Station is about 1.1 km (about a 14-minute walk), and Sheppard-Yonge Station is about 1.9 km (about a 24-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 23 Lorraine Dr #502?

About $3,188 a month — principal and interest on $649,000 with 20% down ($129,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 23 Lorraine Dr #502 compare with other homes in Toronto?

Its asking price of $649,000 is about 23% below the median sold price in Toronto over the last 90 days, $840,000, across 9,552 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 23 Lorraine Dr #502 been sold before?

Yes — Summitly has 1 earlier MLS® listing of 23 Lorraine Dr #502 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.

Where is 23 Lorraine Dr #502?

23 Lorraine Dr #502 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 23 Lorraine Dr #502 been on the market?

49 days — 23 Lorraine Dr #502 was listed on September 8, 2026.

What is the price per square foot of 23 Lorraine Dr #502?

About $541 to $649 per square foot: the asking price of $649,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 23 Lorraine Dr #502 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know