Welcome to this stunning, beautifully updated 2-Bedroom suite at highly sought-after 7 Lorraine Drive! Located in the vibrant heart of North York, this sun-filled unit features an excellent, open-concept layout with zero wasted space. Enjoy updated finishes including [Kitchen 2021, Washrooms 2025, Appliances 2021]. The spacious living area walks out to a private balcony with East views. Just steps to Finch Subway Station, GO Transit, Metro supermarket, trendy restaurants, parks. Just move in and enjoy!
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $827 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.Ask Zara a follow-up
Inside 7 Lorraine Dr #1015
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
700-799 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
1 Storey/Apt
Property class
Condo Apartment
7 Lorraine Dr #1015 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13705448$579,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 7 Lorraine Dr #1015 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,844
/mo
based on the purchase price of $579,000
$115,800 cash
$463,200 financed
$390,136 total interest
Principal54%$463,200
Interest46%$390,136
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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $579K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4964.9%On average, homes sold at or above asking.
Active listings12,764Homes for sale here right now.
Median vs prior 90 days+3.7%Compared with Apr 12 – Jul 11, 2026: prices up.
Based on 9,556 sales from Jul 11 – Oct 9, 2026 (6,500 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
3 for sale · 1 for rent at 7 Lorraine Dr — plus its sale and lease history.
Distance is not enrolment: public and Catholic boards assign schools by attendance boundary. Confirm with the local school board's school locator before you buy.
Nearest subway, GO and LRT stations first, then bus and streetcar stops. 29 stops within a 10-minute walk.
7 Lorraine Dr #1015 is listed at $579,000 (MLS® C13705448). Summitly updates the price as soon as the MLS® record changes.
Is $579,000 a good price for 7 Lorraine Dr #1015?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 7 Lorraine Dr #1015 changed?
No — 7 Lorraine Dr #1015 is still listed at its original asking price of $579,000.
How many bedrooms and bathrooms does 7 Lorraine Dr #1015 have?
7 Lorraine Dr #1015 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
What schools are near 7 Lorraine Dr #1015?
The 4 closest schools to 7 Lorraine Dr #1015 in a straight line are St. Cyril Catholic School (Elementary · Catholic, Toronto Catholic District School Board), about 200 m (about a 2-minute walk); FutureSkills High School (Secondary), about 250 m (about a 3-minute walk); McKee Public School (Elementary, Toronto District School Board), about 730 m (about a 9-minute walk); and R J Lang Elementary and Middle School (Elementary, Toronto District School Board), about 960 m (about a 12-minute walk). School attendance boundaries change, and a nearby school may not serve this address. Check school boundaries with the board before you rely on them. School locations are from OpenStreetMap.
Is 7 Lorraine Dr #1015 close to transit?
The nearest rapid-transit station is Finch Station (Line 1), about 300 m (about a 4-minute walk) in a straight line. North York Centre Station is about 1.2 km (about a 15-minute walk), and Sheppard-Yonge Station is about 2.0 km (about a 25-minute walk). The closest bus or streetcar stop is Greenview Avenue, about 110 m (about a 1-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 7 Lorraine Dr #1015?
About $2,844 a month — principal and interest on $579,000 with 20% down ($115,800), 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 7 Lorraine Dr #1015 compare with other homes in Toronto?
Its asking price of $579,000 is about 32% below the median sold price in Toronto over the last 90 days, $850,000, across 9,556 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 7 Lorraine Dr #1015 been sold before?
Summitly has no earlier MLS® sale or lease of 7 Lorraine Dr #1015 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 7 Lorraine Dr #1015?
7 Lorraine Dr #1015 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 7 Lorraine Dr #1015 been on the market?
46 days — 7 Lorraine Dr #1015 was listed on August 24, 2026.
What is the price per square foot of 7 Lorraine Dr #1015?
About $725 to $827 per square foot: the asking price of $579,000 over the 700–799 sq ft the listing gives as its size range.
