MLS® listing
41 Lake Shore Drive 502: co-op apartment for sale
$499,000
From the listing brokerage
Bright & Spacious Corner Suite. Two Bedroom Apartment In Well Maintained Co-Op Building. Large Living And Dining Room With Hardwood Floors and Walk-Out To Beautiful Long Balcony. Kitchen Has Granite Counters, Stainless Steel Appliances and Ceramic Backsplash. Large Primary Bedroom With Walk In Closet. Lake Views From Bedrooms. Quiet Lakefront Building. Exclusive Use Underground Parking. Exclusive Use Locker. Maintenance Fee Includes Property Taxes, Heat, Hydro, Water and Building Insurance. *Dogs Are Not Permitted. Must Be Owner Occupied Only, No Rentals. Building Has Shared Laundry Room (Coin Operated). Excellent Location - Steps To Transit, Schools, Parks, & Shops.
Facts on the listing
| Square feet | 800-899 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Water |
| Cooling | None |
| Kitchens | 1 |
| Rooms | 5 |
| Maintenance fee | $1,090 |
| Property tax | |
| Tax year | 2026 |
| Locker | Exclusive |
| Pets | Yes-with Restrictions |
| Exposure | North West |
| Fee includes | Common Elements Included, Condo Taxes Included, Heat Included, Hydro Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Visitor Parking |
| Balcony | Open |
| Laundry | Coin Operated, Shared |
| Parking | Underground |
| Interior features | Carpet Free |
| Features | Lake/Pond, Park, Public Transit, School |
| Floor | 5 |
Listing courtesy of REALTY LIFE LTD.. MLS® W13805534.
About this co-op apartment
41 Lake Shore Drive 502 is a 2 bedroom co-op apartment in TRREB's New Toronto community in Toronto, listed for sale at $499,000. The listing shows 1 bathroom and 800-899 square feet. The style is given as apartment. The unit faces north west. It comes with 1 parking space, an underground garage and a locker (exclusive) according to the listing. The nearest main intersection given is Lakeshore & Islington.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: visitor parking.
What it costs to buy 41 Lake Shore Drive 502
At the asking price of $499,000, 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 | $499,000 |
|---|---|
| Ontario land transfer tax | $6,455 |
| Toronto municipal land transfer tax | $6,455 |
| Both taxes | $12,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $24,950 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. 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
| Maintenance fee | $1,090 a month |
|---|
The listing says the maintenance fee includes common elements, condo taxes, heat, hydro, building insurance, parking and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax 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 hallways and elevators.
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 41 Lake Shore Drive 502
How much is land transfer tax on 41 Lake Shore Drive 502?
At the asking price of $499,000 the Ontario tax is $6,455 and the Toronto tax is $6,455, $12,910 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 41 Lake Shore Drive 502?
$24,950 at the asking price of $499,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 41 Lake Shore Drive 502?
The listing shows $1,090 a month, including common elements, condo taxes, heat, hydro, building insurance, parking and water. Check the current fee in the status certificate.
How do I book a showing for 41 Lake Shore Drive 502?
Use the form on this page or call us. Quote MLS® W13805534. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 41 Lake Shore Drive 502 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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