2 Neptune Dr

Located at 2 Neptune Drive in the Englemount-Lawrence neighbourhood of Toronto, this mid-rise apartment condo was completed in 2001 and rises nine storeys. It functions as a life lease seniors residence requiring residents to be a minimum of 65 years old, with a 49-year lease term. Recent listings show asking prices around $370,000 and rents averaging roughly $3,200 monthly, with condo fees approximately $924 per month (about $1.06 per square foot). The building offers extensive amenities including an exercise room, games room, guest suites, rooftop terrace, library, and 24-hour security. The area provides convenient access to restaurants, grocery stores, parks, and schools within walking distance. Before finalizing your purchase, obtain and have a lawyer review the status certificate, reserve fund study, financial statements, life lease agreement, and board minutes to understand the unique implications of this senior-focused, lease-based property structure.