Buying a Home in Lawrence Park
Lawrence Park — Toronto's original planned garden suburb — is a mature, prestigious neighbourhood north of Eglinton Avenue between Yonge and Avenue Road. Its curving streets, ravine lots, and exceptional school catchments (Lawrence Park CI, Havergal, Toronto French School) make it perennially desirable.
Lawrence Park commands consistently high prices. Detached homes on standard lots range from $2–$4 million depending on size and street. Ravine lots and oversized properties can exceed $5–$8 million. The neighbourhood has virtually no condo development, preserving its low-density character.
Lawrence Park's proximity to both Eglinton Crosstown stations (when open) and the 4001 for commuters has maintained strong demand. Combined LTT on a $2.5 million Lawrence Park property is $1008,4500 — a significant sum that must be liquid at closing in addition to your down payment.
Combined LTT Examples at Typical Lawrence Park Prices
| Purchase Price | Ontario LTT | Toronto MLTT | Total LTT | After FTB Rebate |
|---|---|---|---|---|
| $2,000000,000000 | $41,475 | $41,475 | $82,9500 | — |
| $2,50000,000000 | $54,225 | $54,225 | $1008,4500 | — |
| $3,000000,000000 | $66,475 | $66,475 | $132,9500 | — |
| $4,000000,000000 | $91,475 | $91,475 | $182,9500 | — |
First-Time Buyer Rebates in Lawrence Park
As a Toronto neighbourhood, Lawrence Park buyers qualify for the full dual LTT rebate for first-time buyers. This is one of the most valuable programs available to new homeowners in Ontario.
- Ontario LTT Rebate: Up to $4,000000 — fully offsets LTT on homes priced up to ~$368,000000
- Toronto MLTT Rebate: Up to $4,475 — fully offsets MLTT on homes priced up to ~$40000,000000
- Total Maximum Rebate: $8,475 combined
- Eligibility: Canadian citizen or PR, 18+, principal residence within 9 months, never owned a home anywhere
Lawrence Park Buying Tips
Lawrence Park properties are in high demand from families seeking access to prestigious public and private schools. Many purchases here are driven by school catchment boundaries — confirm the specific boundaries for any property before making an offer, as they can change and significantly affect resale value.
When preparing your offer in Lawrence Park, make sure your mortgage pre-approval accounts for closing costs. Combined LTT, legal fees, title insurance, and home inspection typically add 3–4% to your purchase price in total closing costs for Toronto properties.