1 day on Market

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

In the same building:
-
Condo
1
1
~600-699 sqft
$•••,•••
$538,800
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Condo
1
1
~600-699 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$834/sqft

Est. Mortgage$2,314/mo

Maintenance fees$768/mo

Tax Amount (2025)-

Days On Market1 day


Description

Welcome to 41 Lake Shore Drive #501, a fully renovated, oversized one-bedroom suite in a boutique waterfront building! Flooded with natural light, this thoughtfully designed unit blends modern style with premium finishes. The spacious living and dining area features Century Architecture Distillery painted brick veneer accent wall, SONOpanX insulation, wide plank engineered hardwood floors, LED pot lights, custom cabinetry and new GEM Aluminum patio doors and windows. The gourmet kitchen is a home cook's dream, boasting custom Elisabeth Ashley cabinetry, butcher block counters, a Blanco Ikon farmhouse sink with gold Crue pull-down faucet, stainless steel appliances and a classic white subway tile backsplash. Large primary bedroom featuring a massive window with automatic Zebra blinds, a shiplap accent wall with SONOpanX insulation, a double closet, modern ceiling fan and wide-plank floors. The spa-like 4 piece bathroom showcases a Rubix skirted tub, Zen tap vanity, Zip 3-way shower with thermostatic valve, stylish hexagon flooring and a MAXX Incognito shower door. Additional upgrades include new solid wood interior doors and hardware, new light fixtures, a new breaker panel and a fresh neutral palette. 31.5' x 5'4" private balcony, perfect for relaxing and entertaining. One underground parking spot and one locker included. This well-managed building offers a common waterfront BBQ area w/ breathtaking lake views, watersports storage, w/maintenance fees covering property taxes, heat, hydro, water & more. Nestled in the heart of New Toronto, steps from Prince of Wales Park, Lake Ontario and the waterfront trail, this vibrant neighbourhood offers unbeatable access to nature, rec and city conveniences. Enjoy nearby trendy shops and restaurants including local favourites like Teos Bakery, Cellar Door, Kitchen on Sixth, The Sydney Grind and Funny Bones Games Lounge with convenient transit options at your doorstep. Incredible value in a highly sought-after lakeside location!


Property Details

StyleApartment
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberW12058216
Community NameMimico
Data SourceTRREB
Listing byRE/MAX PROFESSIONALS INC.

Features

Heating: Water

Main Floor

Foyer

2.62 x 2.16

Double Closet / hardwood floor / O/Looks Living

Living

5.86 x 3.79

Pot Lights / W/O To Balcony / hardwood floor

Dining

2.6 x 2.53

B/I Shelves / hardwood floor / Open Concept

Kitchen

2.53 x 2.01

Stainless Steel Appl / Custom Counter / Pot Lights


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 2, 2025
ListedActive
$538,800
1 day on market
history photo preview50
Listing by trreb®
Property listed by RE/MAX PROFESSIONALS INC., Brokerage

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Market Data - Mimico

Geo Zone Map ThumbnailMimico

Balanced Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2024

19 days

2023

17 days

2022

5 days

New Listings

Past 30 days

13 listings

Compared to

2024

14 listings

2023

5 listings

2022

13 listings

Units sold

Past 30 days

6 units

Compared to

2024

4 units

2023

4 units

2022

10 units

Median Sold Price

Past 30 days

$653,750

Compared to

2024

$838,500

2023

$792,750

2022

$870,000


Population and Demographics

Overview

Total population 25277
Average household income $124,271

Age (%)

35 to 49
23%
20 to 34
23%
50 to 64
20%
0 to 19
18%
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%

Schools and amenities

Estimated Budget