501-41 Lake Shore Drive, Toronto, ON

Toronto, Etobicoke , New Toronto Hood
Lake Shore Drive and Fourth Street
1 Br | 1 Bath | 600-699 Sqft
$449,000 For Sale

Property Overview

  • Co-op Apartment — Apartment
  • SqFt: | 600-699 Sqft
  • Monthly Fee: $880/mo
  • Fee Includes: Heat Included, Hydro Included, Water Included, Building Insurance Included, Parking Included, Common Elements Included, Condo Taxes Included
  • Exposure: North West
  • Balcony: Open
  • Locker: Exclusive
  • Ensuite Laundry: No
  • Age: n/a
  • Taxes: 0 / 2026
  • MLS #: W12923846
  • Heat Source: Gas , Water

Property Description

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.

See Schedule B

Property Details

  • For: For Sale
  • Type: Co-op Apartment
  • Style: Apartment
  • Region: Toronto
  • Hood: New Toronto
  • Pets Allowed: Yes-with Restrictions

Building Details

  • Association: NA
  • Management: Maryla Developments Ltd.
  • Age: n/a
  • Exterior: Brick Front
  • Heat: Gas , Water
  • A/C: None
  • Total Parking: 1.00
  • Locker: Exclusive

Property Interior

  • Sqft: 600-699 Sqft
  • Bed: 1
  • Bath: 1
  • Kitchen: 1
  • Ensuite Laundry: No
  • Interior Features: Carpet Free, Storage, Storage Area Lockers
Rooms Details

Living Room

Main Level

3.4 x 5.99

Hardwood Floor, W/O To Balcony, Pot Lights

Dining Room

Main Level

2.44 x 2.64

Hardwood Floor, B/I Shelves, Pot Lights

Kitchen

Main Level

2.24 x 2.13

Hardwood Floor, Custom Counter, Pot Lights

Bedroom

Main Level

3.45 x 3.73

Hardwood Floor, Double Closet, Large Window

Property Listed by: ROYAL LEPAGE SIGNATURE REALTY
Virtual Tour: https://www.houssmax.ca/vtournb/h7447323

Home Valuation Estimate

What is 501-41 Lake Shore Drive, Toronto, ON worth in today’s New Toronto, Etobicoke condo market?

This HomeZira valuation preview helps buyers and sellers review the asking price for this 1-bedroom Co-op Apartment with 600-699 sq. ft. in New Toronto, Etobicoke. The full estimate considers the condo’s location, property type, bedroom count, size range, building age, maintenance fee, and nearby comparable market activity after sign-in.

Condo-specific estimate See a valuation range built around this unit’s local condo profile.
Comparable condo context Review how similar nearby condo units help frame market value.
Fee and building factors Consider size, age, bedroom count, parking, locker, and maintenance-fee context.

This listing shows a $880/mo maintenance fee, which can be an important part of condo value comparison because monthly costs affect affordability and buyer demand.

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Location

  • Address: 501-41 Lake Shore Drive
  • Neighborhood: New Toronto
  • Zip/Postal Code: M8V 1Z3
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Mortgage Calculator

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*Monthly total = monthlyized mortgage payment + taxes/12 + condo fee.

About 501-41 Lake Shore Drive, Etobicoke

Located at 501-41 Lake Shore Drive, Toronto, ON in New Toronto (Etobicoke), near Lake Shore Drive and Fourth Street, this condo offers a balanced mix of comfort and day-to-day practicality. Inside, you’ll find Co-op Apartment, 1 bedroom, 1 bathroom and approximately 600-699 sq.ft. of interior space. North west exposure for consistent daylight, with an open balcony that extends the living space outdoors. Everyday convenience includes 1 underground parking spot, an owned locker and ensuite laundry: No. The condominium budget is straightforward, with monthly fees of $880/mo and coverage for Heat Included, Hydro Included, Water Included, Building Insurance Included, Parking Included, Common Elements Included, Condo Taxes Included. The building is Maryla Developments Ltd. managing the property. It is currently listed at $449,000. MLS® W12923846.

Condo FAQs for 501-41 Lake Shore Drive, Toronto, ON , New Toronto , Etobicoke

What are the listing details for 501-41 Lake Shore Drive, Toronto, ON?
501-41 Lake Shore Drive, Toronto, ON is a Co-op Apartment for sale in Etobicoke, in the New Toronto neighbourhood, Toronto. The current list price is $449,000. MLS number: W12923846.
How many bedrooms and bathrooms does this condo have?
501-41 Lake Shore Drive, Toronto, ON is listed as a Co-op Apartment with a ["Apartment"] style, featuring 1 bedroom(s) and 1 bathroom(s). The listed interior size range is 600-699 sq. ft..
What is the monthly condo fee for this listing?
The listed monthly maintenance fee is $880/mo. The listing shows the fee includes: ["Heat Included","Hydro Included","Water Included","Building Insurance Included","Parking Included","Common Elements Included","Condo Taxes Included"].
What parking, locker, balcony, and exposure details are shown?
Total parking is listed as 1 space(s). Locker is listed as: Exclusive. Balcony type is listed as: Open. Exposure is listed as: North West.
What building or condo corporation details are listed?
Property management company: Maryla Developments Ltd..
Where is this condo located?
501-41 Lake Shore Drive, Toronto, ON is located in the New Toronto neighbourhood of Etobicoke. The listed cross street is Lake Shore Drive and Fourth Street. Annual taxes are listed as $0 / 2026. The public listing page shows active listing information only and does not include sold prices in this FAQ.

FAQ content is based on current active condo listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.