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    for sale
    58 Days on Strata
    Est Sell Timeframe:
    14 Days

    501 - 41 Lake Shore Dr

    $488,000
    1 Bed
    1 Bath
    1 Parking
    600 - 699 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History


    Maintenance Fees:
    $807/mth
    Taxes:
    $0 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $698 - $813/sqft
    Outdoor Space:
    Balcony
    Locker:
    Exclusive
    Possession Date:
    TBD
    Exposure:
    North West

    Amenities

    Indoor Parking
    Amenity details for reference only. Independently verify accuracy.

    About this Listing

    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!

    re/max professionals inc.MLS® #W12427235

    Utilities & Inclusions

    Hydro
    Included
    Heat
    Included
    Air Conditioning
    Not Included
    Water
    Included
    Parking
    Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Water
    Heat Source
    Gas
    Air Conditioning Type
    None

    Dimensions


    Foyer
    8.6 x 7.09ft
    Double Closet, hardwood floor, O/Looks Living
    Living
    19.23 x 12.43ft
    Pot Lights, Walkout To Balcony, hardwood floor
    Dining
    8.53 x 8.3ft
    Built-in Shelves, hardwood floor, Open Concept
    Kitchen
    8.3 x 6.59ft
    Stainless Steel Appliances, Custom Counter, Pot Lights
    Bedroom
    12.04 x 11.81ft
    Large Window, Double Closet, hardwood floor

    Building Spotlight

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    Bikeability

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    45,523
    Average Individual Income
    $64,188
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $105,463
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    24%
    35 - 49
    18%
    50 - 64
    21%
    65+
    19%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    37%
    High Rise Apartment
    27%
    Semi Detached
    21%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    70%
    Mandarin
    14%
    Cantonese
    10%
    Tamil
    2%
    Arabic
    1%
    Spanish
    1%
    Tagalog
    1%
    Korean
    1%
    Education
    University and Above
    37%
    High School
    24%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    9%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%


    Days on Strata

    Units at 41 Lake Shore Drive spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in New Toronto

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 9 condos in the New Toronto area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    41 Lake Shore Drive offers the
    ?
    N/A
    best value out of 9 condos in the New Toronto neighbourhood

    Appreciation Rank

    41 Lake Shore Drive has the
    ?
    N/A
    highest ROI out of 9 condos in the New Toronto neighbourhood

    Rental Yield

    41 Lake Shore Drive yields the
    ?
    N/A
    highest rent prices out of 9 condos in the New Toronto neighbourhood

    High Demand

    41 Lake Shore Drive is the
    ?
    N/A
    most popular building out of 9 condos in the New Toronto neighbourhood

    Market Insights

    Transaction Insights at 41 Lake Shore Drive

    Not Available

    Market Inventory

    Total number of units listed and sold in New Toronto