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$2,480,000
Toronto
70 Lake Shore Drive, Toronto (New Toronto), Ontario, M8V1Z9
This 3-bedroom, 4-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space.
Unobstructed lake views. An irreplaceable location. Timeless character. Modern living. Directly across from Cliff Lumsdon Park, this beautifully renovated home blends original charm with modern updates. A stunning second-floor addition features an impressive primary retreat with breathtaking lake views, also enjoyed from the living and dining rooms. Renovated chef's kitchen with separate butler's pantry and main-floor powder room. Finished lower level with rec room, wet bar, separate entrance and in-law potential. Rare private drive and double-car garage. Steps to waterfront parks and trails.Rare opportunity on an impressive 50-ft-wide corner lot offering exciting possibilities for buyers looking to explore alternative housing options. The property's generous frontage and RD zoning provide potential to explore a garden suite and possible lot severance. Existing detached double garage adds further possibilities. Any future development, severance or garden suite is subject to applicable zoning, City approvals and other requirements. Buyer to conduct their own independent due diligence with the City of Toronto regarding their intended use.Some homes can be renovated. A location like this can never be recreated. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 105 days on market, against an average age of 75 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Toronto (New Toronto) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,480,000, about 31.4× the local median household income of $79,000.
Carrying it typically needs a household income of about $484,431 (20% down, 25-yr amortization, stress-tested) — roughly 513% above the area median.
Source: Statistics Canada, 2021 Census (FSA M8V)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.