MLS® listing
300 Lake Promenade: detached house for sale
$3,250,000
From the listing brokerage
Incredibly rare sprawling bungalow with unobstructed panoramic views of Lake Ontario & a legal guest house offering excellent potential for supplemental rental income. Completely reimagined by architect & former owner David Cody, this 2,574 sq. ft. residence was thoughtfully designed to embrace its exceptional waterfront setting, offering a remarkable sense of comfort, privacy & tranquility by the lake. The foyer features heated marble floors, vaulted ceilings, built-in cabinetry and custom millwork. The living room offers hardwood floors, vaulted ceilings, double-sided gas fireplace & custom built-ins, with sliders opening to the stone patio with lake & park views. The gourmet chef's kitchen features custom cabinetry, quartz counters, large island with bar seating , & premium Monogram GE, Sub-Zero & Bosch appliances. The adjoining dining area offers direct patio access and expansive park & waterfront views. Primary bedroom includes hardwood floors, vaulted ceilings, a gas fireplace & large windows overlooking the lake and park. The four-piece ensuite offers heated floors, a stone-topped vanity & walk-in closet with built-in organizers. A second bedroom or den features built-in cabinetry, a walk-in closet and walkout to the side yard, deck and hot tub. A front bedroom can be paired with the adjacent four-piece bathroom to create a private guest area. The legal guest house offers excellent flexibility with in-floor heating, vaulted ceilings, gas fireplace & patio access, plus a full kitchen, bedroom, 4 piece bathroom & in-suite laundry. Outside, mature landscaping surrounds an expansive stone patio with pergola & gazebo, all positioned to enjoy panoramic Lake Ontario views. The private side yard includes a deck with pergola and hot tub, plus a large insulated storage building. Two interlock driveways provide ample parking & separate guest house access. A truly unique opportunity combining thoughtful architecture, flexible living and uninterrupted Lake Ontario views.
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Style | Bungalow |
| Basement | None |
| Lot width | 117.67 |
| Lot depth | 65.1 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 6 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $8,770 |
| Tax year | 2026 |
| Interior features | Guest Accommodations, Primary Bedroom - Main Floor |
| Features | Beach, Fenced Yard, Lake/Pond, Park, Waterfront |
| View | Lake, Panoramic, Trees/Woods, Garden |
Listing courtesy of Royal LePage Real Estate Services Ltd., Brokerage. MLS® W13799608.
About this detached house
300 Lake Promenade is a 4 bedroom detached house in TRREB's Long Branch community in Toronto, listed for sale at $3,250,000. The listing shows 4 bathrooms and 2500-3000 square feet. The style is given as bungalow. The lot is listed as 117.67 by 65.1 feet. It comes with 6 parking spaces according to the listing. The nearest main intersection given is Lake Promenade and Thirty Sixth St.
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 300 Lake Promenade
At the asking price of $3,250,000, 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 | $3,250,000 |
|---|---|
| Ontario land transfer tax | $67,725 |
| Toronto municipal land transfer tax | $72,475 |
| Both taxes | $140,200 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $650,000 |
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) | $8,770 a year, about $731 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 $3,250,000, which is $2,080,000 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, 117.67 by 65.1 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- 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 300 Lake Promenade
How much is land transfer tax on 300 Lake Promenade?
At the asking price of $3,250,000 the Ontario tax is $67,725 and the Toronto tax is $72,475, $140,200 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 300 Lake Promenade?
$650,000 at the asking price of $3,250,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 300 Lake Promenade?
The listing shows $8,770 a year for 2026, about $731 a month.
Is 300 Lake Promenade priced above or below the median?
It is listed at $3,250,000. 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 $2,080,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 300 Lake Promenade?
Use the form on this page or call us. Quote MLS® W13799608. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 300 Lake Promenade 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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