368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3

$449,000
  • Sale
  • Co-op Apartment
  • 47 days ago
  • Updated: 2026-03-27

Property Overview

Property Type
Co-op Apartment
Bedrooms
1
Bathrooms
1
Garage
Underground/0
Size
N/A
Age
N/A
Stylish, spacious and completely turnkey, 41 Lake Shore Drive #501 is a fully renovated oversized one-bedroom suite in a beautifully maintained boutique co-op building right by the lake. This sun-filled home pairs modern design with quality craftsmanship, featuring wide-plank engineered hardwood floors, custom cabinetry, premium new windows and patio doors, designer accent walls, and a stunning kitchen with butcher block counters, farmhouse sink, stainless steel appliances and classic subway tile. The generous bedroom, beautifully updated bath, and oversized private balcony add to the appeal, while underground parking and a locker offer everyday convenience. Set in the heart of New Toronto, just steps to the waterfront trail, Prince of Wales Park, shops, cafés, restaurants and transit, the location is every bit as impressive as the suite itself. Even better, this well-run co-op offers outstanding value, with maintenance fees that include property taxes, heat, hydro, water and more - an important financial advantage making the overall monthly carrying costs highly competitive with many area condos - yet with a larger footprint and the added benefit of a beautifully updated unit, underground parking and locker, all at a price point that is increasingly difficult to find along the waterfront. For the buyer who values size, style, finishes and location, this is a standout opportunity. A rare opportunity to enjoy renovated lakeside living in an exceptional community.

Key Details

  • W12923846
  • Underground/0
  • $449,000
  • Owner
  • 1 + 1
  • Apartment
  • 1
  • 1
  • 600-699 Sqft
  • N/A
  • N/A
  • Co-op Apartment
  • Sale

Additional Details

  • Water / Gas
  • 2026
  • N/A
  • N
  • None
  • None
  • Waterfront,Park,Marina,Lake/Pond,Public Transit,School
RoomLevelSize
Living RoomMain5.99 x 3.4 (m)
Dining RoomMain2.64 x 2.44 (m)
KitchenMain2.13 x 2.24 (m)
BedroomMain3.73 x 3.45 (m)
Neighbourhood profile DA 35201556 · 2021 Census

Key signals

Owner vs renter

Owner vs renter split.

Median home value

Owner cost / mo

Median rent / mo

Owner : renter

Dwelling types

Bedroom mix

Condition & suitability

Built when?

Homes by decade.

Median HH income

before tax

After-tax HH

median

Median individual

Low-income rate

Income benchmarks

Shelter cost burden (30%+ of income)

Shelter burden.

Education (ages 25-64)

Population

Median age

Avg HH size

Immigrants

Age groups

Age groups.

Language at home

Visible minority

Visible minority.

Employment rate

Unemployment

labour force

Work from home

of employed

Full-yr full-time

stable jobs

Commute mode

Commute duration

Commute duration.

Pop. density

per km²

5-yr stability

did not move

Occupied dwellings

Pop. change

since 2016

Pressure index

Pressure indicators.

Neighbourhood mobility (5 yr)

Statistics Canada, 2021 Census, Dissemination Areas (98-401-X2021006).

What's near transit

Subway and bus stops within 1 km · 41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3

Lake Shore Blvd West at Third St
301Queen
411 m ~ 6 min walk
Lake Shore Blvd West at Third St
501Queen
411 m ~ 6 min walk
Lake Shore Blvd West at Third St
507Long Branch
411 m ~ 6 min walk
Lake Shore Blvd West at Third St
508Lake Shore
411 m ~ 6 min walk
Islington Ave at Lake Shore Blvd West
110Islington South
551 m ~ 7 min walk
Islington Ave at Lake Shore Blvd West
337Islington
551 m ~ 7 min walk
Royal York Rd at Albani St
76Royal York South
868 m ~ 11 min walk

Neighbourhood Profile

New Toronto
Toronto neighbourhood · 2021 census
5.8 / 10
$69K
Median income
40.4 yrs
Median age
$950K
Median home value
56%
Renters
Transit
24.8%
Car
64.8%
Walk / bike
8.3%
$1,120/mo
Median rent
38%
Renters 30%+ on shelter
🌳Park 🛝Playground 📚Library 🚌Bus / streetcar 🩺Clinic / GP 🏡Long-term care
Data: Statistics Canada 2021 Census · EQAO 2023-2024 · City of Toronto open data

Properties you may like

Internet Coverage — 41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3

ISED Canada ↗

Based on hexagonal coverage zones · Hex: ON43600795

  • Bell
    DSL Fibre Mobile
  • Rogers
    Cable Fibre Fixed Wireless Mobile
  • Telus
    Mobile
  • Xplore
    Satellite
  • Beanfield Metroconnect
    Fibre
  • CIK Telecom
    Fibre
  • FibreStream
    Fibre
  • Freedom Mobile
    Mobile
  • SkyChoice Communications
    Fixed Wireless

Coverage is based on hexagonal zones from ISED Canada, not individual addresses. Confirm availability directly with the ISP before purchasing a plan. Roofup.ca makes no guarantee of service accuracy at this location.

Est. monthly payment
Edit details
$
%
yr
%

Down payment
Loan amount
Land transfer tax
CMHC premium
Total upfront

Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this investment property.

$
$
$
Monthly Cash Flow
net per month
Annual Cash Flow
net per year
Monthly Costs
mortgage + expenses
Cost Coverage
costs vs rent

Estimates only. Not financial or investment advice.

FAQ
  • What is the total square footage of the w12923846 - 41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3?

    The total square footage of this property is 600-699 SqFt.

  • What schools near to w12923846 - 41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3?

    The nearest schools are Seventh Street Junior School for elementary and Father John Redmond Catholic Secondary School for secondary.

  • What amenities are included with w12923846 - 41 Lake Shore Drive 501, Toronto W06, ON M8V 1Z3?

    This property includes the following amenities: Community BBQ,Communal Waterfront Area,Bike Storage.

Book a Viewing or Contact Us

Ask a question or request a viewing, we’ll respond quickly

Or
Text (416-939-2500) me directly for fastest response
RoofUp
Logo