MLS® listing
407 Lake Promenade: detached house for sale
$2,699,000
From the listing brokerage
Lakefront living with a lifestyle you'll love, on Lake Promenade. This classic brick detached duplex provides a serene escape from the hustle & bustle of the city whilst offering seamless connectivity. Located in Long Branch, one of Etobicoke's most loved lakeside communities. Steps from Marie Curtis Park beach, trails & the Etobicoke creek and just minutes from the Long Branch GO, the 501 Streetcar and the shops and cafes along Lake Shore Blvd W. 407 Lake Promenade presents a unique opportunity to own a home with direct access to Lake Ontario. Complete with two south facing balconies that overlook the water as well as a deep, private lawn that extends down to a waterfront deck, where you can take in the stunning views of the horizon. Built in the 1950's, and meticulously maintained over the years, giving the next owners a blank canvas to make it their own. With two separate units, plus a double built-in garage and private drive, this property provides utility and waterfront whimsy.
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Style | 2-Storey |
| Basement | Unfinished |
| Lot width | 42.75 |
| Lot depth | 158 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 6 |
| Garage | Built-In |
| Heating | Radiant |
| Cooling | None |
| Kitchens | 2 |
| Property tax | $11,563 |
| Tax year | 2026 |
| Parking | Private Double |
| Interior features | Separate Hydro Meter |
| Features | Lake Access, Lake/Pond, Park, Public Transit, Beach, Waterfront |
| View | Lake |
Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® W13866124.
About this detached house
407 Lake Promenade is a 4 bedroom detached house in TRREB's Long Branch community in Toronto, listed for sale at $2,699,000. The listing shows 2 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 42.75 by 158 feet. The listing gives the basement as unfinished. It comes with 6 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Lake Shore Blvd W & Forty Second Street.
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 407 Lake Promenade
At the asking price of $2,699,000, 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 | $2,699,000 |
|---|---|
| Ontario land transfer tax | $53,950 |
| Toronto municipal land transfer tax | $53,950 |
| Both taxes | $107,900 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $539,800 |
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) | $11,563 a year, about $964 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 $2,699,000, which is $1,529,000 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 radiant.
- 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, 42.75 by 158 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
Similar homes for sale in Toronto
$3,495,00045 Heath Street W, Toronto, ON M4V 1T24 bedrooms · 4 bathrooms · Semi-DetachedListed by FOREST HILL REAL ESTATE INC.. MLS® C13875390
$989,00025 Lehar Crescent, Toronto, ON M2H 1J44 bedrooms · 2 bathrooms · DetachedListed by PROMPTON REAL ESTATE SERVICES CORP.. MLS® C13875380
$849,00018 Kentish Crescent, Toronto, ON M1S 2Z44 bedrooms · 3 bathrooms · DetachedListed by CENTURY 21 LEADING EDGE REALTY INC.. MLS® E13875328
$768,80037 Coxworth Crescent, Toronto, ON M1B 1E24 bedrooms · 2 bathrooms · Semi-DetachedListed by REMAX YOUR COMMUNITY REALTY. MLS® E13833648
$2,348,00015 Bell Royal Court, Toronto, ON M9A 4G74 bedrooms · 3 bathrooms · DetachedListed by RE/MAX PROFESSIONALS INC.. MLS® W13845918
$1,978,000424 The Kingsway, Toronto, ON M9A 3V94 bedrooms · 3 bathrooms · DetachedListed by RE/MAX PROFESSIONALS INC.. MLS® W13873252
Questions about 407 Lake Promenade
How much is land transfer tax on 407 Lake Promenade?
At the asking price of $2,699,000 the Ontario tax is $53,950 and the Toronto tax is $53,950, $107,900 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 407 Lake Promenade?
$539,800 at the asking price of $2,699,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 407 Lake Promenade?
The listing shows $11,563 a year for 2026, about $964 a month.
Is 407 Lake Promenade priced above or below the median?
It is listed at $2,699,000. 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 $1,529,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 407 Lake Promenade?
Use the form on this page or call us. Quote MLS® W13866124. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 407 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.