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    Scarborough Fair II Condos

    2550 Lawrence Avenue E

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    21
    Number of Units:
    277
    Condo Completion:
    1992
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 1,499 SQFT
    Unit Availability:
    Medium

    Listing History for Scarborough Fair II Condos

    Amenities

    Security System
    Indoor Parking
    Visitor Parking
    Rec Room
    Rooftop Deck
    Sauna

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 2550 Lawrence Avenue EScarborough Fair II Condos

    Anyone who’s seeking a Toronto condo for sale should definitely consider Scarborough Fair II Condos at 2550 Lawrence Avenue E. RMIC Building Corporation completed this building back in 1992, but unlike other buildings of that age, maintenance fees are actually higher than average at $0.76 per-square-foot. The building is 21 storeys tall and is home to 277 suites. Units start at 400 square feet on the low end, and can go up to 1499 square feet.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 78. Maintenance fees are $0.76 per-square-foot, which is higher than the neighbourhood average of $0.64 per-square-foot.

    The Suites

    The average cost per-square-foot for a unit at 2550 Lawrence Avenue E is $587, based on the past 12 months of sales, and these suites have a medium probability of receiving multiple offers.

    Units at Scarborough Fair II Condos spend 31 days on the market on average and usually sell for -1.71% below the listing price. In the last 12 months, 6 units have rented, and 10 have sold.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Secret garden, Burger King and Amazing Shawarma Restaurant are all within 3 minutes walking distance from 2550 Lawrence Avenue E. Need caffeine to open your eyes in the morning? No worries, McDonald's, Tim Hortons and Starbucks have you covered...

    Grocery pick-ups are made easy thanks to FreshCo, Yousef Super Market and K.B Import & Export West Indian Grocery Store within a 6-minute walk.

    Planning for your future is easy with Scotiabank and BMO Bank of Montreal in the area.

    Everyone can benefit from sunshine and Vitamin D, so you’ll love to know that Arsandco Park, Donwood Park and Kennedy - Lawrence Parkette are less than 15 minutes walking distance from 2550 Lawrence Avenue E.

    Enhance your personal style while living in the Dorset Park neighbourhood by visiting STC and Midland Lawrence Plaza.

    There are plenty of nearby school choices — Donwood Park Public School, Charles Gordon Senior Public School and Dorset Park Public School — with more in neighbouring areas so you can find the best school for your child’s needs. If you're open to commuting, a quick transit ride offers even more options, including David and Mary Thomson Collegiate Institute, Bendale-Thomson (Lawrence-Midland) Secondary School and NextGen Math Academy.

    Transportation

    If you commute by public transit then the Dorset Park neighbourhood is a great choice, as you’ll find the Lawrence Ave East At Midland Ave West Side light transit stop makes it easy to get around. Transit riders will love living just 0 minutes from Lawrence East.

    Curious about similar condos in the area? Check out 1470 Midland Avenue, 100 Prudential Drive and 301 Prudential Drive — all within walking distance.

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    Nearby Amenities

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    7/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

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

    Population
    15,486
    Average Individual Income
    $55,700
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $97,273
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    33%
    Detached
    25%
    Semi Detached
    22%
    Low Rise Apartment
    10%
    Duplex
    8%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    55%
    Cantonese
    12%
    Other
    12%
    Mandarin
    10%
    Tamil
    5%
    Tagalog
    3%
    Urdu
    2%
    Gujarati
    1%
    Education
    University and Above
    33%
    High School
    25%
    None
    17%
    College
    16%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    9%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at Scarborough Fair II Condos spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    7.3
    YEARS before being sold again

    Property Value

    0%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 26 condos in the Dorset Park area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    Scarborough Fair II Condos offers the
    ?
    best value out of 26 condos in the Dorset Park neighbourhood

    Appreciation Rank

    Scarborough Fair II Condos has the
    ?
    highest ROI out of 26 condos in the Dorset Park neighbourhood

    Rental Yield

    Scarborough Fair II Condos yields the
    ?
    highest rent prices out of 26 condos in the Dorset Park neighbourhood

    High Demand

    Scarborough Fair II Condos is the
    ?
    most popular building out of 26 condos in the Dorset Park neighbourhood

    Transaction Insights at 2550 Lawrence Avenue E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$429,000$475,000$500,000 - $567,000No DataNo Data
    Avg. Cost Per Sqft$719$687$573No DataNo Data
    Avg. Wait for Unit Availability533 Days129 Days34 Days283 Days718 Days
    Ratio of Units in Building8%14%67%12%1%

    Maintenance Fees

    Scarborough Fair II Condos vs The Dorset Park Area

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