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New3 hours ago

407 Lake Promenade

Long Branch, Toronto

$2,699,000

Detached|2-Storey
4 | 2 | 6
About this home

Lakefront living with a lifestyle you'll love, on Lake Promenade. This classic brick detached duplex provides a serene escape from the hustle & bustle of the city whilst offering seamless connectivity. Located in Long Branch, one of Etobicoke's most loved lakeside communities. Steps from Marie Curtis Park beach, trails & the Etobicoke creek and just minutes from the Long Branch GO, the 501 Streetcar and the shops and cafes along Lake Shore Blvd W. 407 Lake Promenade presents a unique opportunity to own a home with direct access to Lake Ontario. Complete with two south facing balconies that overlook the water as well as a deep, private lawn that extends down to a waterfront deck, where you can take in the stunning views of the horizon. Built-in the 1950's, and meticulously maintained over the years, giving the next owners a blank canvas to make it their own. With two separate units, plus a double built-in garage and private drive, this property provides utility and waterfront whimsy.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$11,563
Lot Size42.75 ft x 158 ft
mls© NumberW13866124
Listed BySOTHEBY'S INTERNATIONAL REALTY CANADA

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$13,815
Property tax
$964
Heat allowance
$150
Housing costs
$14,928 / mo

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

Down payment20% · $539,800
25-yr amortization

Income needed

$459,000

gross annual household income

Payment at 4%
$11,358 / mo
Cash down
$539,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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