Salehian.com 647-325-5000

154 Fifth Street

New Toronto, Toronto, M8V 2C7

$999,000

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  • 2+1 bedrooms
  • 2 bathrooms
  • 2 parking
  • 700-1100 sq ft

Listed 18 days ago · MLS® W13853544

About this home

Welcome to a rare stunning detached home, ideally located just steps from Toronto's waterfront, offering the perfect combination of lifestyle, location, and exceptional income potential.A Convenient access to the TTC streetcar and GO Transit makes commuting to downtown Toronto. Enjoy lakeside living surrounded by beautiful parks, waterfront trails, excellent schools, public transit, and the shops, restaurants, and amenities along Lake Shore Boulevard all while being just a short drive from downtown Toronto. Inside, the home features a bright and spacious open-concept main floor filled with natural light, with separate living and dining areas perfect for everyday living and entertaining. What truly sets this property apart is its rare oversized lot and incredible income potential. The fully finished basement features a separate side entrance, creating an excellent opportunity for additional rental income while maintaining your own private living space upstairs. The expansive, private, gated backyard offers plenty of room for entertaining and family enjoyment, featuring a large patio, hot tub, retractable swing, shed, and generous green space. With convenient laneway access, an already-poured concrete slab, and hydro hookup along the rear fence line, the property also offers the exciting opportunity for a Garden Suite, creating the potential for an additional living space and another source of income. Whether you're a first-time buyer looking to help offset your mortgage, a family seeking more space, or an investor searching for a property with multiple income possibilities, this home delivers tremendous versatility and long-term potential. Steps from the lake, an oversized lot, a separate-entrance basement, and Garden Suite potential-this is much more than a home; it's an opportunity to live, invest, and grow in Toronto.

Details

Type
Detached
Style
Bungalow
Size
700-1100 sq ft
Lot
32.03 × 118.32 ft
Basement
Separate Entrance
Garage
None
Kitchens
1
Property tax
$4,457 (2025)
Neighbourhood
New Toronto
Municipality
Toronto W06
Price per sq ft
$1,110 (11% above detached houses in New Toronto, $999)

Interior

Bedrooms
2 above ground + 1 below
Bathrooms
1 × 4-piece (main), 1 × 3-piece (basement)
Rooms
5 above ground + 4 below
Family room or den
No
Fireplace
No
Features
Carpet Free, Primary Bedroom - Main Floor

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Brick
Roof
Shingles
Foundation
Concrete
Faces
West
Outdoor
Awnings, Deck, Hot Tub
Waterfront
Indirect

Parking

Total parking
2
Driveway and parking
Private

Lot

Size
32.03 × 118.32 ft (rectangular)
Acreage
< .50

More

Possession
30-60 Days
Cross street
Islington Ave. And Lake Shore Blvd W.

Rooms

RoomLevelSizeFeatures
Living RoomMain3.73 × 3.77 m (12'3" × 12'4")Open Concept, Hardwood Floor, Overlooks Dining
Dining RoomMain4.2 × 3.6 m (13'9" × 11'10")Open Concept, Overlooks Family, Window
KitchenMain3.64 × 3.38 m (11'11" × 11'1")Modern Kitchen, Open Concept, Centre Island
FoyerMain2.91 × 1.24 m (9'7" × 4'1")B/I Closet, Open Concept
Primary BedroomMain3.7 × 3.38 m (12'2" × 11'1")Window, Closet, Hardwood Floor
Bedroom 2Main3 × 2.84 m (9'10" × 9'4")Window, Hardwood Floor
BathroomMain1.61 × 2.37 m (5'3" × 7'9")Window, 4 Pc Bath, Heated Floor
RecreationBasement7 × 6.4 m (23' × 21')Laminate, Window
BathroomBasement1.9 × 2.2 m (6'3" × 7'3")3 Pc Bath
Bedroom 3Basement6.4 × 3.1 m (21' × 10'2")Laminate, Window, Closet
LaundryBasement1.1 × 2.5 m (3'7" × 8'2")Window

History of this address

11 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚆 Mimico GO1.7 km

Within a 10-minute walk: 3 grocery stores, 22 cafés and restaurants, 11 parks, 2 pharmacies. Nearest grocery: Lakeshore Village Fruit (150 m). Nearest park: Eighth Street Park (350 m).

Schools nearby

Elementary

  • Seventh Street Junior School
    EQAO: Gr 3 reading 74%, math 63%    4 min walk
  • Second Street Junior Middle School
    EQAO: Gr 6 reading 88%, math 38%    6 min walk
  • St. Josaphat Catholic School Catholic8 min walk
  • The Holy Trinity Catholic School Catholic
    EQAO: Gr 6 reading 85%, math 69%    1.2 km

Secondary

  • Lakeshore Collegiate Institute
    EQAO: Gr 9 math 42%, literacy test 75%    1.3 km
  • Father John Redmond Catholic Secondary School Catholic
    EQAO: Gr 9 math 75%, literacy test 94%    1.3 km
  • Mimico Adult Centre1.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M8V

Owners / renters
49% / 51%
Median household income
$79,000
Average age
42
Children under 15
11%
Homes
15% detached, 57% high-rise
Commute by transit
21%
Population
44,144

Languages spoken most at home besides English: Spanish 1.9%, Polish 1.9%, Russian 1.7%, Tibetan 1.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in New Toronto (2025): about the Toronto average, down 24% from the year before.

  • Assaultabout average
  • Break and enterabout average
  • Auto theft35% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings88% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 5 active

  • 66 X THIRD ST · 250 m
    Site Plan · Under Review · applied 2026
    Site Plan application for a four-storey municipal shelter containing 51 beds.
    Application details
  • 66 X THIRD ST · 250 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Proposal to amend the Zoning By-law to allow for a new 4-storey municipal shelter with approximately 50 beds.
    Application details
  • 124 BIRMINGHAM ST · 450 m
    Site Plan · Under Review · applied 2024
    The project proposal seeks to construct 2 one-storey industrial warehouse and distribution buildings with accessory office. The existing unoccupied…
    Application details
  • 210 ISLINGTON AVE · 250 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2023
    The proposed development consists of a 26-storey mixed use building, containing 352 dwelling units with retail uses at-grade. The proposed net density is 8.83…
    Application details
  • 2950 LAKE SHORE BLVD W · 250 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2019
    Proposal for a 9-storey (28.7 m in height including mechanical penthouse) mixed use building containing 95 residential units and 485 sq. m of commercial gross…
    Application details
  • 150 EIGHTH ST · 300 m
    Site Plan · Closed · applied 2022
    Proposal for redevelopment of the subject property with a 6-storey apartment building with 58 dwelling units within a pre-fabricated structure.
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 11 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built RM

Residential Multiple Dwelling (with a site-specific exception).

  • ✅ Up to 4 homes on the lot (multiplex)
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

1 permit on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

72 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX PREMIER INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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