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Listed 2 months ago

70 Lake Shore Drive

New Toronto, Toronto

$2,600,000

Detached|Backsplit 5
3 | 4 | 5
About this home

Unobstructed lake views. An irreplaceable location. Timeless character. Modern living. Directly across from Cliff Lumsdon Park, this beautifully renovated home blends original charm with modern updates. A stunning second-floor addition features an impressive primary retreat with breathtaking lake views, also enjoyed from the living and dining rooms. Renovated chef's kitchen with separate butler's pantry and main-floor powder room. Finished lower level with rec room, wet bar, separate entrance and in-law potential. Rare private drive and double-car garage. Steps to waterfront parks and trails.Rare opportunity on an impressive 50-ft-wide corner lot offering exciting possibilities for buyers looking to explore alternative housing options. The property's generous frontage and RD zoning provide potential to explore a garden suite and possible lot severance. Existing detached double garage adds further possibilities. Any future development, severance or garden suite is subject to applicable zoning, City approvals and other requirements. Buyer to conduct their own independent due diligence with the City of Toronto regarding their intended use.Some homes can be renovated. A location like this can never be recreated.

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
StyleBacksplit 5
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,850
Lot Size50 ft x 101 ft
mls© NumberW13603696
Listed BySUTTON GROUP-ADMIRAL REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$13,308
Property tax
$654
Heat allowance
$150
Housing costs
$14,112 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $520,000
25-yr amortization

Income needed

$434,000

gross annual household income

Payment at 4%
$10,941 / mo
Cash down
$520,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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