#502 41 Lake Shore Drive, Toronto (New Toronto), Ontario, M8V1Z3

For salePrice drop

47 days ago

$479K$499K

↓ $20K (4%) price drop

#502 41 Lake Shore Drive, Toronto (New Toronto), Ontario, M8V1Z3

2 bd1 ba1 pk850 ft²+$1090/mo

Listed by REALTY LIFE LTD.

#Th10 3076 Lake Shore Boulevard West, Toronto (New Toronto), Ontario, M8V1K3

For sale

50 days ago

$830K

#Th10 3076 Lake Shore Boulevard West, Toronto (New Toronto), Ontario, M8V1K3

3 bd3 ba2 pk1,500 ft²+$366/mo

Listed by FIRST CLASS REALTY INC.

#86 20 William Jackson Way, Toronto (New Toronto), Ontario, M8V0J7

For sale

71 days ago

$868K

#86 20 William Jackson Way, Toronto (New Toronto), Ontario, M8V0J7

3 bd3 ba2 pk1,300 ft²+$594/mo

Listed by PROPERTY.CA INC.

Investment analysis

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$675,000

Toronto

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$675,000

For sale

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#68 5 William Jackson Way, Toronto (New Toronto) - Single Family for Sale

#68 5 William Jackson Way, Toronto (New Toronto), Ontario, M8X2J2

2 beds2 baths1 parking950 ft²$377/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $675,000, it is attractively priced about 19% below the $829,900 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 78 days.

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Description

Welcome to Lake & Town by Menkes, a bright, meticulously maintained 2-bedroom, 2-bathroom townhome in South Etobicoke. Built in 2023, it offers over 900 sq ft of living space plus two private outdoor spaces. The highlight is the private rooftop terrace of over 300 sq ft, with lake views and room to entertain, dine outdoors or unwind above the neighbourhood. A second balcony off the primary bedroom gives you a quiet spot for morning coffee. Inside, high ceilings and an open-concept layout fill the home with natural light. The kitchen has stainless steel appliances, and the home has been kept in excellent condition throughout. One parking space and one bike rack space are included. Lake & Town is a newer Menkes community, recently completed with the opening of the Birmingham Street Parkette next door. The parkette adds a fitness station, games tables and shaded seating alongside Lakeshore Village Park. Steps to Lake Ontario, the waterfront trails, Humber College Lakeshore Campus, shops, restaurants, TTC and GO Transit, with quick access to the Gardiner, QEW and Highway 427. (id:66096)

Property Details

MLS®: W14123088
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 950 ft²
Storeys: 3
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $377/mo
Fee Includes: Insurance
Ownership: Condo/Strata
Property Tax: $3,529.63/yr
Listed

Rooms

Main level

Living room: 2.59 x 3.66 meters
Kitchen: 2.92 x 5.54 meters

Second level

Bedroom: 2.64 x 4.14 meters
Bedroom 2: 2.31 x 3.23 meters

Third level

Other: 5.13 x 6.66 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Concrete
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (New Toronto) listings, avg age

78d

Price / ft²

$711

List price

$675K

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.

Haho

This 2-bed single family in Toronto (New Toronto) has been listed for 8 days, which is 70 days fresher than the city average of 78. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · JACLYN APPUGLIESI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8X)

This home lists at $675,000, about 4.9× the local median household income of $139,000.

Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $139,000
Population: 10,624
Median age: 50.8
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M8X)

$675,000· $711/ft²

For sale

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Full Cost Breakdown

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Down Payment6.30% · $42,500.00

Min 6.30%50%

Mortgage payment$3,507/mo

↳ CMHC premium ($25,300 capitalized)

Property tax (est.)$294/mo

Condo fee$377/mo

Total monthly$4,178

Cash Needed to Close

Down payment (6.30%)$42,500

Land transfer tax$19,950

Est. closing costs$4,525

Total cash needed$66,975

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice