22 Lakeridge Drive, Toronto, ON
Centennial Scarborough, Toronto · MLS® E13536196
About this home
Welcome to this beautifully upgraded townhouse in the highly sought-after West Rouge waterfront community! This move-in-ready home features a bright open-concept layout with a stunning modern kitchen showcasing quartz countertops and quality finishes-perfect for entertaining and everyday living.Beautifully renovated bathrooms, a professionally finished basement, and numerous recent upgrades make this home truly move-in ready, including a new furnace, water heater, and humidifier (2025), roof (approximately 5 years old), gas fireplace, and an oversized full-width deck (2023) offering peaceful views and the perfect outdoor space for relaxing or entertaining.Enjoy the beauty of lakeside living with views of Lake Ontario from the living room, kitchen, and primary bedroom, and the convenience of being just a few minutes' walk to the waterfront, Rouge Beach Park, and the scenic Waterfront Trail-ideal for morning walks, cycling, or simply enjoying nature.Originally built by the builder as a spacious 2-bedroom layout, this home offers oversized principal rooms, walking closet and exceptional living space. For buyers seeking additional space, the layout can easily be converted back to a 3-bedroom configuration.Ideally located in the highly desirable West Rouge waterfront community, this home is within walking distance to parks, schools, shopping, restaurants, Rouge Beach Park, Rouge River, Rouge Hill GO Station, TTC, and offers quick access to Highway 401. Combining modern upgrades, exceptional flexibility, Lake Ontario views, and an unbeatable location just steps from the waterfront, this is a rare opportunity to own a truly special home.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- E13536196
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500
- Lot
- 6 × 33 ft
- Cross streets
- Lawrence & Port Union
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Mutual
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,921 / 2026
- Days on market
- 9
- Listing brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Rooms
Open Concept
gas fireplace · w/o to deck · formal rm
combined w/living · broadloom
4 pc ensuite · walk-in closet(s)
3 pc ensuite · double closet · broadloom
broadloom · w/o to garage
Listed at $829,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 40 similar homes nearby, adjusted for size, beds, and baths.Median of 40 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $758K, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $970K
- Bedrooms −$30K
- Adjusts to $940K
That comparable adjusts to $940K; the $841K estimate above is the median of all 40 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Sir Oliver Mowat Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Lawrence Ave East at Bridgeport Dr is about a 9-minute walk away.
Total price vs nearby homes. Fair value about $841K, median of 40 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 10% below the area average of $705/sqft.
0 days faster than the Toronto average (9 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Centennial Scarborough, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Lawrence Ave East at Bridgeport Dr, about 710 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $663,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,539
- Property tax
- $327
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,866
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,055
- Toronto municipal land transfer tax
- $13,055
- Estimated closing costs
- $26,110
Plus your down payment of $165,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $212,345
- Principal paid down
- $84,459
- Interest paid
- $127,886
- Balance remaining
- $578,741
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.