182 Lakeshore Drive, Toronto, ON
New Toronto, Toronto · MLS® W13247700
About this home
Offered on the market for the very first time, this rare property on Lake Shore Drive presents a historic, once-in-a-generation opportunity for luxury builders, premium investors, and families seeking their ultimate forever home. Built by the original owners and proudly held by a single family across decades, this premium parcel serves as an elite blank slate to construct an architectural masterpiece boasting breathtaking, unobstructed views of Lake Ontario.Situated in one of the area's most prestigious waterfront corridors, the location offers an unparalleled lifestyle. Step directly onto the Etobicoke Waterfront Trail for peaceful morning walks, or take a short stroll to Twelfth Street Parkette and the lush greenspaces of nearby Elizondo Point. This incredible location places you just steps away from Rotary Park and Colonel Samuel Smith Park, offering a vibrant, year-round outdoor lifestyle complete with swimming, tennis, and an iconic outdoor skating trail.Beyond the relaxed, resort-like shoreline atmosphere, the property offers superb practical convenience with fast access to major highways and transit options for an effortless commute. This exceptional lot pairs tranquil, prestigious living with an unmatched neighborhood profile, making it the perfect foundation to plant deep roots, write your own family history, and build a spectacular legacy home to be treasured for generations to come.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- W13247700
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500
- Lot
- 27.54 × 120.09 ft
- Cross streets
- Kipling Ave/Islington Ave to Lakeshore Blvd W toEleventh St to Lake Shore Dr
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Radiant
- A/C
- None
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,268 / 2025
- Days on market
- 42
- Listing brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
Rooms
Combined w/Living
Listed at $949,000, this home is about 35% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in New Toronto, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $899K, lower than the comparables and worth a second look.
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 $1.70M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $1.65M
That comparable adjusts to $1.65M; the $1.46M estimate above is the median of all 5 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 Seventh Street Junior School. 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. Colonel Samuel Park at Humber College Cottages C-M is about a 7-minute walk away.
Total price vs nearby homes. Fair value about $1.46M, median of 5 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.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 23% below the area average of $950/sqft.
41 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
New Toronto, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Colonel Samuel Park at Humber College Cottages C-M, about 538 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 $759,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,051
- Property tax
- $356
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,407
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,455
- Toronto municipal land transfer tax
- $15,455
- Estimated closing costs
- $30,910
Plus your down payment of $189,800. 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
- $243,082
- Principal paid down
- $96,684
- Interest paid
- $146,398
- Balance remaining
- $662,516
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
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 ROYAL LEPAGE MEADOWTOWNE REALTY. MLS®/PropTx.