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$449,000Asking Price

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

New Toronto, Toronto

Co-Op
1
Bedroom
1
Bath
1
Parking
Days on Market

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.

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Tour this home:

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 Info

  • Apartment Co-Op
  • 1 Parking
  • Lake Shore Drive and Fourth Street
  • 600-699 Approximate Sq Feet
  • North-West Exposure
  • Open Balcony
  • No Ensuite Laundry
  • Exclusive Locker
  • Water Gas Heating
  • No A/C

Property

  • $879 Monthly Condo Fees
  • Includes: Heat, Hydro, Water, Common Elements, Building Insurance, Parking.
  • Excludes: Cable TV, Central A/C
  • Taxes were $0 in 2026
  • Possession: TBD

Details

  • Elevator
  • Brick Front Exterior
  • No Fireplace
  • 1 Kitchen
  •  
  • Condo Corporation #0
  • Condo Registry Office: NA
  • MLS #W12923846
  • ROYAL LEPAGE SIGNATURE REALTY

Extras

Room Floor Dimensions Details
1 Kitchen Main 7.35' x 6.99' Hardwood Floor, Custom Counter, Pot Lights
Washroom1 4-Piece Bathroom on Main Floor

Who lives here?

New Toronto, Toronto is a west Toronto neighbourhood notable for its singles, renters, executives, education, law & public sector professionals, salespeople and tradespeople. Residents tend to be older with a significant number of babies, youth aged 20 to 24, adults aged 40 to 44, 40 to 44, 40 to 44 and 40 to 44 and seniors aged 65 to 69.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

57% of residents are
single and loving it.

57% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

58% of residents
are renters.

58% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

39% of residents are
university grads.

39% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$95K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 16%
Business 10%
Government 9%
Trades 8%
Management 7%

Immigrants

37% of residents were
born outside of Canada.

37% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

Caribbean was once home to 4.2% of immigrants.
Poland 3.8%
Philippines 3.4%
India 1.8%
Ukraine 1.8%

4.2% from Caribbean
All-time

Birthplace - Recent

Philippines was once home to 0.6% of immigrants.
India 0.6%
China 0.4%
Nigeria 0.2%
Other South America 0.2%

0.6% from Philippines
Recent

Foreign Languages

Foreign Languages

Polish 5%
Tagalog 3%
Spanish 2%
French 2%
Ukrainian 2%

Religions

Religions

Christian 66%
Muslim 5%
Hindu 3%
Buddhist 1%
Jewish 1%

Social Housing

Social Housing Buildings

2

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

1

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)