135 Lake Shore Drive

Welcome to this stunning Multi-Family Home for sale in Etobicoke , located at 135 Lake Shore Drive, Etobicoke. This impressive waterfront multiplex boasts a prime location, overlooking the beautiful Lake Ontario. With a generous footprint of approximately 2900 square feet above grade and an additional 1000 square feet of mid-grade space, this property offers a remarkable total of around 3900 square feet of living space. The building is situated on a spacious lot measuring 25 by 180 feet, providing ample room for outdoor enjoyment.

This Multi-Family Home for sale in Etobicoke features five legal residential units, all of which are currently tenanted, making it an ideal investment opportunity. The layout includes two two-bedroom units on the street side, perfect for families or those seeking extra space. Meanwhile, the three one-bedroom plus den units overlook the serene waters of Lake Ontario, offering tenants a picturesque view right from their windows. Each unit is equipped with its own kitchen, with a total of five kitchens throughout the property, ensuring that everyone has the convenience of preparing their own meals.

As you explore this property, you'll notice the lack of central air conditioning, which is something to consider, especially during the warmer months. However, the finished walk-up basement adds a unique touch, providing additional living space that could be utilised in various ways. While there is no family room or central vacuum system, the layout of the units allows for comfortable living arrangements.

At 135 Lake Shore Drive, Etobicoke, you'll find that this Multi-Family Home for sale in Etobicoke is not just about the living space; it also comes with practical features. The property includes a built-in garage with space for two vehicles, alongside a private double driveway that accommodates three additional parking spaces. This is a significant advantage in a bustling area like New Toronto, where parking can often be a challenge.

The exterior of the building is constructed from durable brick, ensuring longevity and low maintenance. Recent upgrades and renovations have been made to enhance the property, including new concrete at the main entrance completed in 2024, updated windows in 2023, and new electrical panels, fire alarm systems, and lockers also installed in 2023. An EV charger was added in 2023, making this property more appealing to environmentally conscious tenants. The lower waterfront patio, upgraded in 2021, provides a lovely outdoor space for residents to relax and enjoy the stunning views of the lake.

Living in New Toronto means you’ll have access to great shopping and restaurants, as well as lovely lakefront parks and trails. Public transit options are conveniently nearby, making it easy to explore the wider Toronto area. This Multi-Family Home for sale in Etobicoke is perfectly positioned to take advantage of all that the community has to offer, with its vibrant atmosphere and stunning natural surroundings.

With incredible views of Lake Ontario, this property presents a rare opportunity for an end user to convert it into a modern masterpiece. The potential for personalisation is immense, and the existing structure provides a solid foundation to work from. Whether you’re looking to invest or create your dream home, 135 Lake Shore Drive, Etobicoke, is a property that should not be missed.

In summary, this Multi-Family Home for sale in Etobicoke is a unique offering with five fully tenanted units, ample living space, and a prime location overlooking the lake. With its recent upgrades and potential for further development, it’s an exciting prospect for anyone looking to make their mark in New Toronto. Don’t miss out on the chance to own this remarkable property at 135 Lake Shore Drive, Etobicoke!

New Toronto, nestled within the vibrant city of Etobicoke, offers a unique blend of suburban charm and urban convenience. Situated along the picturesque shores of Lake Ontario, this geographic enclave boasts a rich history, evident in its quaint streets and historic buildings. Residents enjoy easy access to waterfront parks, scenic trails, and recreational facilities, making it an ideal spot for outdoor enthusiasts. The area is well-connected by public transport, ensuring a smooth commute to downtown Toronto, while local shops, cafes, and restaurants provide a welcoming atmosphere for socialising. With its diverse population and strong sense of community spirit, New Toronto presents an inviting environment for those seeking a balanced lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find the Seventh Street Junior School, just 0.6 km away, offering English-language instruction for grades JK to 5. The Second Street Junior Middle School, located 1.1 km from the property, provides both English and French programs for students from JK to 8 and boasts a respectable school rating of 6.8. For secondary education, Lakeshore Collegiate Institute is available 1.4 km away, although it currently has a rating of 0. Alternatively, the Father John Redmond Catholic Secondary School, located 1.0 km from the property, is highly rated at 8 and offers a strong arts program. Additionally, St. Josaphat Catholic School, just 0.7 km away, caters to elementary students in a Catholic setting. Finally, St. Louis Catholic School, which offers French instruction for JK to 4, is located 3.5 km away. With a variety of public and Catholic schools nearby, this property is ideally situated for families seeking quality education options.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 631 residents, characterized by an average household size of 1.8 individuals. The demographic profile indicates a mature population, with an average age of 46.3 years. Economic indicators reveal an average household income of $112,000, although 11.2% of the population is classified as low-income. The average property price in the area stands at $1,400,000, reflecting a relatively affluent market. Notably, 51.79% of residents are single, while 33.33% live in households with children, suggesting a mix of family structures. The community is diverse, with 25.98% of residents being immigrants. A significant portion of the population, 57.75%, are renters, and condos make up 12.68% of the housing stock. Education levels are high, with 66.07% of residents holding a college or university degree. However, a considerable 36.61% of the population is not in the labor force, indicating potential challenges in employment opportunities. Overall, this area presents a blend of demographic characteristics, with a strong emphasis on education and a diverse community, making it an intriguing place for potential homebuyers or investors.