Salehian.com 647-325-5000

41 Lake Shore Drive 502

New Toronto, Toronto, M8V 1Z3

$499,000

Reduced $30,900 from $529,900

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  • 2 bedrooms
  • 1 bathrooms
  • 1 parking
  • 800-899 sq ft

Listed 32 days ago · MLS® W13805534

About this home

Bright & Spacious Corner Suite. Two Bedroom Apartment In Well Maintained Co-Op Building. Large Living And Dining Room With Hardwood Floors and Walk-Out To Beautiful Long Balcony. Kitchen Has Granite Counters, Stainless Steel Appliances and Ceramic Backsplash. Large Primary Bedroom With Walk In Closet. Lake Views From Bedrooms. Quiet Lakefront Building. Exclusive Use Underground Parking. Exclusive Use Locker. Maintenance Fee Includes Property Taxes, Heat, Hydro, Water and Building Insurance. *Dogs Are Not Permitted. Must Be Owner Occupied Only, No Rentals. Building Has Shared Laundry Room (Coin Operated). Excellent Location - Steps To Transit, Schools, Parks, & Shops.

Details

Type
Co-op Apartment
Style
Apartment
Size
800-899 sq ft
Basement
None
Garage
Underground
Kitchens
1
Maintenance fee
$1,090/month
Neighbourhood
New Toronto
Municipality
Toronto W06

Interior

Bedrooms
2 above ground
Bathrooms
1 × 4-piece (flat)
Rooms
5 above ground
Family room or den
No
Fireplace
No
Laundry
Coin Operated, Shared
Features
Carpet Free

Heating, cooling and services

Heating
Water, Gas

Building and exterior

Style
Apartment
Exterior
Brick

Parking

Garage spaces
1
Total parking
1
Driveway and parking
Underground

Condo

Monthly fee
$1,090
Fee includes
Common Elements Included, Condo Taxes Included, Heat Included, Hydro Included, Building Insurance Included, Parking Included, Water Included
Amenities
Visitor Parking
Locker
Exclusive
Balcony
Open
Exposure
North West
Pets
Yes-with Restrictions
Security
Security System
Property manager
Maryla Developments Limited

More

Possession
Immediate/tba
Nearby
Lake/Pond, Park, Public Transit, School
Cross street
Lakeshore & Islington

Rooms

RoomLevelSizeFeatures
Living RoomGround6.49 × 3.18 m (21'4" × 10'5")Hardwood Floor, W/O To Balcony, Overlooks Dining
Dining RoomGround2.95 × 2.08 m (9'8" × 6'10")Hardwood Floor, Overlooks Living
KitchenGround2.31 × 2.13 m (7'7" × 7')Granite Counters, B/I Dishwasher, Ceramic Backsplash
Primary BedroomGround3.99 × 3.34 m (13'1" × 10'11")Hardwood Floor, Overlook Water, Walk-In Closet(s)
Bedroom 2Ground3.41 × 2.59 m (11'2" × 8'6")Hardwood Floor, Overlook Water, Closet

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚆 Mimico GO2.1 km

Within a 10-minute walk: 3 grocery stores, 21 cafés and restaurants, 9 parks, 2 pharmacies. Nearest grocery: Star Lake Fine Foods (400 m). Nearest park: Prince of Wales Park (150 m).

Schools nearby

Elementary

  • Seventh Street Junior School
    EQAO: Gr 3 reading 74%, math 63%    6 min walk
  • Second Street Junior Middle School
    EQAO: Gr 6 reading 88%, math 38%    10 min walk
  • St. Josaphat Catholic School Catholic12 min walk
  • The Holy Trinity Catholic School Catholic
    EQAO: Gr 6 reading 85%, math 69%    1.4 km

Secondary

  • Father John Redmond Catholic Secondary School Catholic
    EQAO: Gr 9 math 75%, literacy test 94%    1.4 km
  • Lakeshore Collegiate Institute
    EQAO: Gr 9 math 42%, literacy test 75%    1.6 km
  • Mimico Adult Centre1.7 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 Regulated area

This address is inside a conservation-authority regulated area (Toronto and Region Conservation Authority): near a valley, stream, shoreline or wetland, where flooding or erosion can occur. New building, additions, pools or grading usually need a permit from the authority.

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 2 active

  • 66 Y THIRD ST · 400 m
    Site Plan · Under Review · applied 2026
    Site Plan application for a four-storey municipal shelter containing 51 beds.
    Application details
  • 66 Y THIRD ST · 400 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

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). Flood and regulation mapping: Toronto and Region Conservation Authority open data. 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 RA

Residential Apartment.

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

  • Garage Repair/Reconstruction · 2017 · Closed
    - Removal of overburden (asphalt, landscaped areas)- Localized concrete repairs (top surface, through slab) on asphalt and landscaped…
  • Interior Alterations · 2015 · Closed
    Interior alterations to enclose opening in demising wall between units 603 and 604. Construct balcony screen between the 2 units. This…

14 permits 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

55 City street trees within 100 m, mostly maples. 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 REALTY LIFE LTD..

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

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