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43.73° N · 79.40° W — Toronto & nearby · 9,704 homes for sale today43.73° N · 79.40° W — 9,704 homes today(647) 554-7436Saved

43.5980° N · 79.4998° W — New Toronto, Toronto — MLS® #W13805534

502-41 Lake Shore Dr

$449,000

New Toronto, Toronto, Ontario M8V 1Z3

2
BedroomsBeds
1
BathroomsBaths
800-899 sqft800-899
SizeSq ft

Inquire about this listing

ToShemeer AhmadVALERY REAL ESTATE INC.
Or call Shemeer Ahmad(647) 554-7436

In short · from the listing record

502-41 Lake Shore Dr is a 2-bedroom, 1-bathroom condo in New Toronto, Toronto, listed for sale at an asking price of $449,000 (MLS® W13805534).

Bright & Spacious Corner Suite. Two Bedroom Apartment In Well Maintained Co-Op Building. Large Living And Dining Room With Hardwood Floors and Walk-Out To Beautiful Long Balcony. Kitchen Has Granite Counters, Stainless Steel Appliances and Ceramic Backsplash. Large Primary Bedroom With Walk In Closet. Lake Views From Bedrooms. Quiet Lakefront Building. Exclusive Use Underground Parking. Exclusive Use Locker. Maintenance Fee Includes Property Taxes, Heat, Hydro, Water and Building Insurance. *Dogs Are Not Permitted. Must Be Owner Occupied Only, No Rentals. Building Has Shared Laundry Room (Coin Operated). Excellent Location - Steps To Transit, Schools, Parks, & Shops.

Listing readings

How it measures up

Scores from the listing record and the market around it.

  • 66Fair

    Condition score

    4 condition-related facts documented

    Listing age, structured features and disclosed update language; not an inspection.

  • 40Shortfall

    Cash flow quality

    −$639/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Median of 18 homes with 2 bedrooms for lease in New Toronto right now. Cost of owning counts the mortgage and the condo fee. This record states no property tax.

Condition uses listing-record signals, not an inspection.

The data table

Every fact

Everything the board publishes for this home.

MLS® number
W13805534
Board
TRREB MLS®
Property Type
Co-Op Apt
Time on market
Size
800-899 sqft
Listed on
Parking
1 Underground, 1 Parking

Listing history

Listing activity for 502-41 Lake Shore Dr, Toronto, Ontario

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$449,000N/APcW13805534

Inside

Room by room

From the listing.

Ground5 rooms
  • Living3.18 × 6.49 mhardwood floor, W/O To Balcony, O/Looks Dining
  • Dining2.08 × 2.95 mhardwood floor, O/Looks Living
  • Kitchen2.13 × 2.31 mGranite Counter, B/I Dishwasher, Ceramic Back Splash
  • Primary3.34 × 3.99 mhardwood floor, Overlook Water, W/I Closet
  • 2nd Br2.59 × 3.41 mhardwood floor, Overlook Water, Closet

Property

Property Type
Co-Op Apt
Style
Apartment
Community
New Toronto
Municipality
Toronto

Building

Size
800-899 sqft
Construction
Brick

Inside

Bedrooms
2
Bathrooms
1
Bathroom Details
1 × 4pc Flat
Basement Type
None
Kitchens
1

Parking

Garage Type
Underground
Garage
1
Additional Parking
0
Total Parking
1

Utilities

Cooling
None
Heating Type
Water

Where it sits

The street and the area

Asking prices on the map.

Map and tour

Transit nearby

StationLinesDistance
Mimico GOGO Transit train: Lakeshore West2 km
Long Branch GOGO Transit train: Lakeshore West3.8 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.

Site report

What the record says

What the City and the conservation authority have on file for this address.

  • Heritage and ravineNone foundNot found on the Heritage Register
  • Heritage and ravineNone foundNot in a mapped Heritage Conservation District
  • Heritage and ravineNone foundNot in the mapped ravine protection area
  • ZoningRA (f22.5; d1.5)Residential Apartment zone (RA) · Chapter 15, section 15.10 of By-law 569-2013
  • Permits3 clearedAlter: Boiler/Furnace/AC Replacement Issued July 9, 2025 · Garage Repair/Reconstruction Issued January 16, 2017 · Other(PS) Issued July 18, 2006
  • Signals nearby6 to note66 Y THIRD ST, Site plan, 390 m away · 66 Y THIRD ST, Official plan or zoning amendment, 390 m away · 66 X THIRD ST, Official plan or zoning amendment, 390 m away · 66 X THIRD ST, Site plan, 390 m away · 2950 LAKE SHORE BLVD W, Official plan or zoning amendment, 600 m away · 2970 LAKE SHORE BLVD W, Official plan or zoning amendment, 600 m away
  • ca regulatedOn recordInside Toronto and Region Conservation Authority’s mapped regulated area Here the area is drawn from shoreline hazard mapping. Work on the property, such as an addition or grading, may need a permit from Toronto and Region Conservation Authority. It does not mean the house floods.
  • provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
  • wetlandNone in rangeNo mapped wetland within 120 m
  • aggregateNone in rangeNo licensed pit or quarry within 2 km
  • wellsNone in rangeNo recorded oil, gas or salt well within 250 m
  • trailOn recordA trail on the Ontario trail network within 1 km
  • permitsOn record39 building permits issued within 250 m in the last 2 years
  • airportOn recordNearest airport: 8.2 km
  • parcelOn recordMapped parcel: about 23,140 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
  • water wellsNone in rangeNo water-supply well recorded within 250 m 2 test or monitoring holes also recorded.
  • npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is Pigments Services Canada, Inc. — New Toronto Plant, 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.
  • fcsiOn record1 federal contaminated site within 1 km All of them are closed. The federal inventory covers federal land only, not provincial or private sites.
  • electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
  • internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 30 m away Fixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
  • broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.

None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.

Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.

City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.

Land transfer tax on this home

Ontario land transfer tax
$5,455
Toronto municipal land transfer tax
$5,455
Total land transfer tax
$10,910
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
−$8,475
Total for first-time buyers
$2,435
See how this is worked out
0.5% on the first $55,000
$275
1.0% from $55,000 to $250,000
$1,950
1.5% from $250,000 to $400,000
$2,250
2.0% from $400,000 to $449,000
$980
Ontario total
$5,455

Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,455.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Schools

Nearest schools

Straight-line distances. Check catchments with the board.

ElementaryEQAO average 2024–25

  • Seventh Street Junior SchoolToronto DSBPublic · grades JK–573%Grade 3 average400 m
  • Second Street Junior Middle SchoolToronto DSBPublic · grades JK–8 · French Immersion71%Grade 6 average700 m
  • The Holy Trinity Catholic SchoolToronto CDSBCatholic · grades JK–880%Grade 6 average1.4 km
  • École élémentaire Micheline-Saint-CyrConseil scolaire ViamondeFrench-language public · grades JK–676%Grade 6 average3.7 km

SecondaryGrade 9 math 2024–25

  • Father John Redmond Catholic Secondary SchoolToronto CDSBCatholic · grades 9–1275%Grade 9 math1.4 km
  • Lakeshore Collegiate InstituteToronto DSBPublic · grades 9–12 · French Immersion42%Grade 9 math1.6 km
  • Etobicoke School of the ArtsToronto DSBPublic · grades 9–1268%Grade 9 math3.7 km
  • ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenirFrench-language Catholic · grades 9–1269%Grade 9 math7.7 km

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

Searches this home is in

Keep looking

The ledger

What it costs to own

Worked out for this home. Change any number.

Price$449,000

A month, all in

$3,139

  • Mortgage$2,049
  • Condo or maintenance fee$1,090

A planning figure, not a quote.

Land transfer tax

$10,910

$2,435 for first-time buyers; Toronto adds its own tax.

Rent, similar homes

$2,500

a month, median asking rent of 18 similar homes in New Toronto.

Community

Who lives around it

Similar homes

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Shemeer Ahmad

Shemeer AhmadVALERY REAL ESTATE INC.

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(647) 554-7436

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