MLS® listing
1 Ledge Road: detached house for sale
$2,788,000
From the listing brokerage
A truly unique opportunity for a scenic Lake View Home with a detached studio on a 1.5 acre lot in The Scarborough Bluffs. The lot extends to a second frontage of 105 feet on exclusive Meadowcliffe Drive which offers the potential to sever and sell, to build, or to enjoy the entire natural parcel and its privacy. Set on a secluded hillside in the Cliffcrest neighborhood, this former Sea Captain's home delivers the feel of cottage life in the city. From its Meadowcliffe frontage of 105 feet, the property is 396 feet deep and widens to 206 feet. With its private location at the end of Ledge Road, this 2 storey home has an inverted floor plan designed to take advantage of its lofty perch and expansive lake views. The ground level features the entrance foyer, full bathroom, three bedrooms, storage and utility room. The primary bedroom has a 4-piece ensuite bathroom and all three bedrooms have walk-outs. A solid oak staircase leads to the sun-filled upper level with its open-concept living, dining and kitchen plus a home office, 2-piece bathroom and laundry. This upper floor steps out to a generous wrap-around deck with south, east, and west exposures. The gas furnace, air conditioner and Generac generator were new in 2022.The property also includes a detached multi-purpose studio built to maximize natural light through large windows and skylights. Fully insulated, the studio has gallery lighting, hardwood flooring, electric heat, a wood-burning stove, a loft and double barn doors for easy access. An inspiring space for creativity. Must be seen to truly appreciate this gem which is offered for the first time in 40 years. * Open House Sunday October 4th 2:00 - 4:00pm. *
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Style | 2-Storey |
| Basement | None |
| Lot width | 105.83 |
| Lot depth | 396 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 6 |
| Garage | Carport |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $8,256 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Built-In Oven |
| Features | Cul de Sac/Dead End, Lake/Pond, Park, Ravine, Public Transit |
| View | Lake, Water, Trees/Woods |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® E13773228.
About this detached house
1 Ledge Road is a 3 bedroom detached house in TRREB's Cliffcrest community in Toronto, listed for sale at $2,788,000. The listing shows 3 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 105.83 by 396 feet. It comes with 6 parking spaces and a carport garage according to the listing. The nearest main intersection given is Kingston Road / Pine Ridge Drive.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 1 Ledge Road
At the asking price of $2,788,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,788,000 |
|---|---|
| Ontario land transfer tax | $56,175 |
| Toronto municipal land transfer tax | $56,175 |
| Both taxes | $112,350 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $557,600 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $8,256 a year, about $688 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $2,788,000, which is $1,618,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 105.83 by 396 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 1 Ledge Road
How much is land transfer tax on 1 Ledge Road?
At the asking price of $2,788,000 the Ontario tax is $56,175 and the Toronto tax is $56,175, $112,350 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 1 Ledge Road?
$557,600 at the asking price of $2,788,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 1 Ledge Road?
The listing shows $8,256 a year for 2026, about $688 a month.
Is 1 Ledge Road priced above or below the median?
It is listed at $2,788,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $1,618,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 1 Ledge Road?
Use the form on this page or call us. Quote MLS® E13773228. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1 Ledge Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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