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    Toronto / East York / O'Connor - Parkview

    524 - 1401 O'Connor Dr

    For RentThe Lanes Condos
    $2,500/mth
    1 Bed + 1
    2 Bath
    1 Parking
    650 SQFT
    8 Days on Strata
    Est Lease Timeframe
    19 Days

    Listing History

    Unit Highlights

    Possession Date:
    October 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Terrace
    Furnished:
    No
    Exposure:
    South East
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Balcony, Window, Laminate
    43.93 x 34.09ft
    Kitchen
    Eat-In Kitchen, O/Looks Living, Laminate
    32.81 x 38.68ft
    Den
    4 Piece Ensuite, Laminate
    26.25 x 36.09ft

    About this Listing

    A fantastic 1+1 bedroom, 2 washroom unit in the recently constructed Lanes condos. Enjoy an efficient 650 sq/ft layout with a sizable den. South-facing unit allows for plenty of light and faces the quiet, tree-lined parks and homes of Topham Park. A well-managed, & high-tech building with facial recognition entry & tons of digital control via the condo's app for amenity booking, opening of front & garage doors, & much more at the press of a button. Plenty of new, quality amenities to enjoy with friends & family including a party room, a beautiful rooftop deck/garden with complimentary barbecues, along with a gym, concierge / security service, visitor parking, guest suites for your out-of-town visitors & more. Parking, locker, heat, water & high-speed internet included. Hydro not included (usually $30-$45 per month). Parking spot comes with an outlet for electric vehicles.

    royal lepage signature susan gucci realtyMLS® #E9347042

    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!'

    Similar Listings

    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%

    Price Trends

    Maintenance Fees

    The Lanes Condos vs The O'Connor - Parkview Area

    Building Trends At The Lanes Condos

    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 leased in O'Connor - Parkview