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    502 - 1401 O'Connor Dr

    For SaleThe Lanes Condos
    $575,000
    1 Bed + 1
    2 Bath
    1 Parking
    650 SQFT
    11 Days on Strata
    Est Sell Timeframe
    10 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $713/mth
    Taxes:
    $2,353 (2024)
    Cost Per Sqft:
    $885/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    90 days TBD
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Balcony, Windows Floor to Ceiling
    11.81 x 10.34ft
    Dining
    Open Concept, Windows Floor to Ceiling
    11.81 x 10.34ft
    Kitchen
    Stainless Steel Appliances, Track Lights
    10.01 x 11.68ft

    About this Listing

    Fantastic, serene view from this 1+1 unit that ***easily converts to two bedrooms*** each with its own washroom. This suite's optimal layout doesn't waste an inch of space. It features an open-concept kitchen, living & dining space, 2 full baths (incl. 1 ensuite), ensuite laundry & a walk-out to the balcony that has a peaceful unobstructed view of the neighbouring trees & quiet streets. The floor-to-ceiling windows allow you to enjoy the tranquil view throughout the day & have plenty of natural light filtered in. This pet-friendly building has great amenities incl. a gym, roof top terrace with BBQs, yoga room, entertainment room, party/meeting room w. billiards table, guest suite & visitor's parking. Maintenance fees include heat, water & high-speed internet. The building is steps away from all of your daily shopping & entertainment needs. There are plenty of plazas nearby incl. SmartCentres on Eglinton, the Golden Mile Plaza & Eglinton Town Centre which has a Cineplex Odeon theatre. Foodies can look forward to exploring the wide variety of excellent restaurants & cafes in the area including award-winning Circles & Squares Bakery Cafe. Any cookie enthusiast will love the smell of freshly baked cookies wafting through the neighbourhood due to the Peek Freans Bakery sitting across the street. Those seeking extracurricular activities can visit the nearby Toronto Climbing Academy, East York Gymnastics Club, O'Connor Community Centre or Resilience Fitness gym. There are also many parks in the area with great hiking & cycling paths incl. Topham Park (1-min walk away) & Don Valley Park. Commuting is a breeze as the TTC stop is right outside the door! It is a 10-minute drive to DVP, Victoria Park & Warden Subway Stations. Don't wait for someone else to snatch this beauty off the market, book your showing now!

    Extras1 owned parking space & 1 owned locker included. Maintenance fees include heat, water & high-speed internet!

    royal lepage signature realtyMLS® #E9307670


    Amenities

    Media Room
    Rooftop Deck
    Rec Room
    Bike Storage
    Gym Room
    Concierge

    Explore Neighbourhood

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    6/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

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    Demographics

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

    Population
    8,685
    Average Individual Income
    $57,459
    Average Household Size
    2 persons
    Average Age
    0
    Average Household Income
    $102,796
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    55%
    $30,000+
    25%
    $60,000+
    11%
    $90,000+
    5%
    $125,000+
    2%
    Housing Types & Tenancy
    Detached
    40%
    High Rise Apartment
    28%
    Semi Detached
    20%
    Low Rise Apartment
    5%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    49%
    Mandarin
    16%
    Cantonese
    16%
    Other
    12%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Education
    High School
    30%
    University and Above
    28%
    None
    17%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%

    Maintenance Fees

    The Lanes Condos vs The O'Connor - Parkview Area

    Days on Strata

    Units at The Lanes Condos spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in O'Connor - Parkview

    Turnover of Units

    On average, each unit is owned for
    4.7
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 11 condos in the O'Connor - Parkview area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    The Lanes Condos offers the
    ?
    best value out of 11 condos in the O'Connor - Parkview neighbourhood

    Appreciation Rank

    The Lanes Condos has the
    ?
    highest ROI out of 11 condos in the O'Connor - Parkview neighbourhood

    Rental Yield

    The Lanes Condos yields the
    ?
    highest rent prices out of 11 condos in the O'Connor - Parkview neighbourhood

    High Demand

    The Lanes Condos is the
    ?
    most popular building out of 11 condos in the O'Connor - Parkview neighbourhood

    Transaction Insights at 1401 O'Connor Drive

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$469,000 - $560,000$550,000 - $610,000$535,000 - $700,000No Data
    Avg. Cost Per SqftNo Data$972$847$869No Data
    Avg. Wait for Unit AvailabilityNo Data151 Days43 Days69 Days177 Days
    Ratio of Units in Building2%15%52%22%11%

    Transactions vs Inventory

    Total number of units listed and sold in O'Connor - Parkview