7 Lorraine Drive
Building Details
Listing History for Sonata Condos
Amenities
Maintenance Fees
About 7 Lorraine Drive — Sonata Condos
Anyone who’s seeking a Toronto condo for sale should definitely consider Sonata Condos at 7 Lorraine Drive. Ghods Builders Inc. completed this building back in 2003, but unlike other buildings of that age, maintenance fees are actually higher than average at $0.84 per-square-foot. The building is 26 storeys tall and is home to 303 suites. Units start at 547 square feet on the low end, and can go up to 1500 square feet.
This condo is very conveniently located, with a well above average Walk Score of 92 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.84 per-square-foot, which is higher than the neighbourhood average of $0.80 per-square-foot.
The Suites
The average cost per-square-foot for units at 7 Lorraine Drive is $841, based on the past 12 months of sales, and units tend to sell within 31 days of being listed. 31 units have been rented in the previous 12 months, and 8 units have been sold. Suites often sell for 0.93% above the listing price and have a medium chance of receiving multiple offers.
The Neighbourhood
This is a great choice for foodies — with restaurants like Huh Ga Ne, Rosey J Cafe. and Cheers Chicken & Beers (Finch Ave. W) nearby, the only issue will be picking just one. If you’ve come to Willowdale for the coffee, then you’re in the right place — as both Mr. Chu, Café Princess and Starbucks are just steps away.
There are a number of grocery stores within a short drive, including Metro, H Mart North York and Food Basics.
Residents here can stop by BMO Bank of Montreal and CIBC Business Contact Centre on their way home from work, so they can take care of their financial needs.
Getting some fresh air is a breeze when you live at 7 Lorraine Drive because excellent green spaces like Lorraine Drive Park, Olive Square and Olive Square Park are walkable in under 3 minutes.
Those who love to shop will appreciate all the options nearby with Collaboht Branding, Yonge Connaught Plaza and North York Centre just 3 minutes from here.
When the weekend rolls around, GallerySunami, Gibson House Museum and Irena Art Gallery are within a short 3-minute drive away. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.
Sonata Condos is a short drive away from McKee Public School, Churchill Public School and Yorkview Public School, giving you plenty of choice for your child’s education. If you're open to commuting, a quick transit ride offers even more options, including Jonas High School, Horizons Secondary School and Fun with Langugaes Kids Learning Program.
Transportation
Transit users will love the Willowdale neighbourhood with convenient light transit routes like Finch Ave West At Yonge St nearby. Transit riders will love living just 0 minutes from Finch Station.
In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 509 Beecroft Road, 7-15 Greenview Avenue and 503 Beecroft Road.
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Listings For Sale
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Price Cut: $20,000 (Nov 17)
Listings For Rent
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Price Cut: $250 (Oct 24)
Price Cut: $200 (Nov 11)
Price Cut: $310 (Nov 8)
Price Cut: $400 (Nov 19)
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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.
Price Trends
Maintenance Fees
Building Trends At Sonata Condos
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 7 Lorraine Drive
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|---|
Price Range | No Data | $540,000 - $605,000 | No Data | $960,000 | $752,000 - $800,000 | No Data |
Avg. Cost Per Sqft | No Data | $835 | No Data | $632 | $901 | No Data |
Price Range | No Data | $2,600 - $3,900 | $2,800 | $2,850 - $4,000 | $3,300 - $4,000 | No Data |
Avg. Wait for Unit Availability | No Data | 100 Days | 92 Days | 78 Days | 50 Days | 522 Days |
Avg. Wait for Unit Availability | No Data | 44 Days | 47 Days | 44 Days | 26 Days | 516 Days |
Ratio of Units in Building | 2% | 19% | 19% | 25% | 33% | 5% |
Unit Sales vs Inventory
Total number of units listed and sold in Willowdale