2 days on Market

41 Lake Shore Dr #501, Toronto, Ontario M8V 1Z3

In the same building:
-
Condo
1
1
~600-699 sqft
$449,000
Get pre-qualifiedPowered by nesto
Condo
1
1
~600-699 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$695/sqft

Monthly cost

Open Calculator

Description

Stylish, spacious and completely turnkey, 41 Lake Shore Drive #501 is a fully renovated oversized one-bedroom suite in a beautifully maintained boutique co-op building right by the lake. This sun-filled home pairs modern design with quality craftsmanship, featuring wide-plank engineered hardwood floors, custom cabinetry, premium new windows and patio doors, designer accent walls, and a stunning kitchen with butcher block counters, farmhouse sink, stainless steel appliances and classic subway tile. The generous bedroom, beautifully updated bath, and oversized private balcony add to the appeal, while underground parking and a locker offer everyday convenience. Set in the heart of New Toronto, just steps to the waterfront trail, Prince of Wales Park, shops, cafés, restaurants and transit, the location is every bit as impressive as the suite itself. Even better, this well-run co-op offers outstanding value, with maintenance fees that include property taxes, heat, hydro, water and more - an important financial advantage making the overall monthly carrying costs highly competitive with many area condos - yet with a larger footprint and the added benefit of a beautifully updated unit, underground parking and locker, all at a price point that is increasingly difficult to find along the waterfront. For the buyer who values size, style, finishes and location, this is a standout opportunity. A rare opportunity to enjoy renovated lakeside living in an exceptional community.


Property Details

StyleApartment
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberW12923846
Community NameMimico
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Water

Main Floor

Living

3.4 x 5.99

hardwood floor / W/O To Balcony / Pot Lights

Dining

2.44 x 2.64

hardwood floor / B/I Shelves / Pot Lights

Kitchen

2.24 x 2.13

hardwood floor / Custom Counter / Pot Lights

Br

3.45 x 3.73

hardwood floor / Double Closet / Large Window


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Elevator
Amenities

Community BBQ, Communal Waterfront Area, Bike Storage

Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Mimico

Geo Zone Map ThumbnailMimico

Seller's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

56 days

Compared to

2025

22 days

2024

33 days

2023

9 days

New Listings

Past 30 days

11 listings

Compared to

2025

8 listings

2024

14 listings

2023

2 listings

Units sold

Past 30 days

7 units

Compared to

2025

4 units

2024

6 units

2023

2 units

Median Sold Price

Past 30 days

$625,000

Compared to

2025

$712,500

2024

$520,000

2023

$935,500


Population and Demographics

Overview

Total population 25277
Average household income $124,271

Age (%)

0 to 19
18%
20 to 34
23%
35 to 49
23%
50 to 64
20%
65 and plus
16%

Household composition (%)

Single family
51%
Single person
41%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
71%
Polish
5%
Spanish
4%
Tibetan
3%
Tagalog (Pilipino, Filipino)
3%
Others
2%
Portuguese
2%
Russian
2%
Ukrainian
2%
French
1%

House tenancy (%)

Renters
58%
Owners
42%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget