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70 LAKE SHORE DRIVE, Toronto (New Toronto) — listed at $2,480,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Unobstructed lake views. An irreplaceable location. Timeless character. Modern living. Directly across from Cliff Lumsdon Park, this beautifully renovated home blends original charm with modern updates. A stunning second-floor addition features an impressive primary retreat with breathtaking lake views, also enjoyed from the living and dining rooms. Renovated chef's kitchen with separate butler's pantry and main-floor powder room. Finished lower level with rec room, wet bar, separate entrance and in-law potential. Rare private drive and double-car garage. Steps to waterfront parks and trails.Rare opportunity on an impressive 50-ft-wide corner lot offering exciting possibilities for buyers looking to explore alternative housing options. The property's generous frontage and RD zoning provide potential to explore a garden suite and possible lot severance. Existing detached double garage adds further possibilities. Any future development, severance or garden suite is subject to applicable zoning, City approvals and other requirements. Buyer to conduct their own independent due diligence with the City of Toronto regarding their intended use.Some homes can be renovated. A location like this can never be recreated. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 2.11 x 1.47 meters |
| Dining room | Main level | 3.47 x 3.61 meters |
| Living room | Main level | 3.49 x 6.37 meters |
| Kitchen | Main level | 2.2 x 5.26 meters |
| Primary Bedroom | Upper Level | 8.36 x 5.51 meters |
| Bedroom 2 | In between | 4.74 x 3.41 meters |
| Bedroom 3 | Ground level | 4.22 x 3.14 meters |
| Recreational, Games room | Lower level | 4.01 x 3.84 meters |
| Laundry room | Lower level | 2.49 x 2.12 meters |
Is 70 LAKE SHORE DRIVE a good fit for a growing family?+
With 3 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,850.05, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $2,480,000, standout features include 4 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (New Toronto) before counting on it.
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