70 Lake Shore Drive, Toronto, ON
New Toronto, Toronto · MLS® W13603696
About this home
Unobstructed lake views. An irreplaceable location. Timeless character. Modern living. Welcome to this exceptional waterfront home, perfectly positioned directly across from Cliff Lumsdon Park in one of South Etobicoke's most sought-after neighbourhoods. Thoughtfully renovated and expanded with a stunning second-floor addition, this one-of-a-kind residence blends original craftsmanship with today's modern lifestyle. Wake up to breathtaking lake views from the luxurious primary retreat, while the living and dining rooms also capture spectacular views of Lake Ontario. The beautifully renovated chef's kitchen, complete with a separate butler's pantry, is designed for everyday living and effortless entertaining. Original wood detailing has been lovingly preserved, complementing the home's modern updates, while a rare main floor powder room adds everyday convenience. The finished lower level features a spacious recreation room, wet bar, separate entrance and excellent in-law or multi-generational living potential. Outside, enjoy beautifully landscaped grounds, a rare private driveway and the hard-to-find double car garage-an exceptional feature in this neighbourhood. Step outside to waterfront parks, miles of walking and cycling trails, and the beauty of Lake Ontario just beyond your front door. Some homes can be renovated. A location like this can never be recreated.
Key facts
- Property type
- Detached, Backsplit 5
- MLS®
- W13603696
- Bedrooms
- 3
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 50 × 101 ft
- Cross streets
- 6th Street and Lake Shore Dr
- Parking
- 2 garage · 5 parking (detached)
- Driveway
- Private Double
- Basement
- Separate Entrance, Finished
- Heating
- Radiant
- A/C
- Other
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,850 / 2025
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
hardwood floor · overlook water
hardwood floor · overlook water
double sink · window · modern kitchen
window · closet · hardwood floor
separate room · walk through · ceramic floor
fireplace · 3 pc bath · above grade window
3 pc ensuite · window
5 pc ensuite · fireplace · overlook water
wet bar · combined w/rec · open concept
closet · ceramic floor · walk through
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe 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.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 20% above the area average of $963/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
New Toronto, Toronto, ON
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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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $2,080,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,100
- Property tax
- $654
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,754
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,475
- Toronto municipal land transfer tax
- $51,475
- Estimated closing costs
- $102,950
Plus your down payment of $520,000. 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
- $665,979
- Principal paid down
- $264,888
- Interest paid
- $401,091
- Balance remaining
- $1,815,112
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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.