Detached House for sale at 116 Lake Shore Drive, Toronto, New Toronto, M8V 2A2 - MLS: W12196059

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116 Lake Shore Drive

Toronto, Ontario, M8V 2A2

$1,989,000

Virtual Tour

Neighbourhood

New Toronto
Major Intersection

South of Lake Shore Blvd W & Islington Ave

Listed Since: 5 day(s)
Last update: 3 day(s) ago

Virtual Tour

Overview

Property Type

Detached, 2-Storey
Bedrooms

3 + 1
Bathrooms

4
Basement

Sep Entrance + Finished
Kitchen

1
Total Parking

4 (1 Attached Garage)
Lot Size

115x38.44 (Feet)
Taxes

$7,238.72 (2024)
Type

Freehold

Property description for 116 Lake Shore Drive, Toronto, New Toronto, M8V 2A2

This beautiful home in the lakeside community of New Toronto is perfectly situated on a sought-after street that runs right along the lake! The main floor boasts a formal living and dining room with elegant French doors, creating a refined atmosphere. The open concept eat-in kitchen, complete with granite counters, Gas stove and plenty of cabinetry overlooks the spacious family room. The grand family room boasts multiple skylights and a double-door walkout to the back deck which floods the room with natural light! Upstairs, you'll find 3 generously sized bedrooms. The primary suite is extra-large, with vaulted ceilings, a walk-in closet, and a luxurious 5-piece ensuite. The two additional bedrooms are bright and spacious, with views of the private backyard. Both upstairs bathrooms feature heated flooring! Enjoy the conveniently located washer and dryer on the second floor. The fully finished basement offers incredible space, with room for a bedroom, media room, and recreation area. It also features a rough-in for a kitchen and 2nd laundry room, perfect for creating a nanny suite, complete with a full 3-piece bathroom. Note the convenience of a separate inside entrance to the large garage! The backyard is a private oasis, perfect for BBQs, gardening, or simply relaxing while enjoying the serenity of the surroundings. This property is the ideal spot for summer entertaining! Located in a prime area across the street from the Lake, this home is just steps from multiple parks, trails, shops, restaurants, public transit, schools, library, community centre and a marina! Easy access to highways makes it a quick commute to both Toronto airports and downtown Toronto!

Listed by RE/MAX PROFESSIONALS INC.

Property details

MLS #

W12196059
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stone
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W12196059
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stone
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Foyer

2.8 x 5.36 ft Main level

Ceramic Floor, Closet, Pot Lights
Living

6.37 x 6.37 ft Main level

hardwood floor, Picture Window, Gas Fireplace
Dining

3.32 x 2.95 ft Main level

hardwood floor, Window, O/Looks Living
Kitchen

2.77 x 3.38 ft Main level

Slate Flooring, Granite Counter, O/Looks Family
Breakfast

6.37 x 6.37 ft Main level

hardwood floor, Skylight, Combined W/Kitchen
Family

3.32 x 4.96 ft Main level

hardwood floor, Skylight, W/O To Deck
Primary

6.24 x 6.91 ft 2nd level

W/I Closet, 5 Pc Ensuite, Vaulted Ceiling
2nd Br

4.02 x 3.68 ft 2nd level

hardwood floor, Closet, O/Looks Backyard
3rd Br

4.02 x 3.0 ft 2nd level

hardwood floor, Closet, O/Looks Backyard
Rec

6.21 x 6.15 ft Bsmt level

Ceramic Floor, Pot Lights, Window
Br

4.66 x 3.0 ft Bsmt level

Heated Floor, Pot Lights, Window
Utility

6.21 x 1.0 ft Bsmt level

Concrete Floor, Laundry Sink, Window

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Open house for 116 Lake Shore Drive, Toronto, New Toronto, M8V 2A2

Property History for 116 Lake Shore Drive, Toronto, New Toronto, M8V 2A2

This property has been sold 3 times before.

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Local Real Estate Price Trends

Active listings

Average Selling Price of a Detached

May 2025

$673,694

Last 3 Months

$2,692,035

Last 12 Months

$1,831,472

May 2024

$4,401,757

Last 3 Months LY

$5,265,154

Last 12 Months LY

$2,629,701

Change

553%

Change

96%

Change

44%

Historical Average Selling Price of a Detached in New Toronto

Average Selling Price

3 years ago

$3,637,231

Average Selling Price

5 years ago

$58,005

Average Selling Price

10 years ago

$52,052

Change

440%

Change

-91%

Change

-92%

How many days Detached takes to sell (DOM)

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

343%

Change

15%

Change

14%

Average Selling price

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.