1 Lake Shore Dr

FOR SALE
$4,650,000
1 Lake Shore Dr, Etobicoke
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3 + 1
BEDROOMS
4
BATHROOMS
2
KITCHENS
14
ROOMS
W8121452
MLSID
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Property Description
Once in a lifetime opportunity to own a stunning lakefront home in Etobicoke. Forget Muskoka - this epic modern beach house perfectly mirrors Californian living in the city, with no commute. Everyday will feel like a vacation with your direct access to the water including riparian rights & seasonal beach.. Designed by black LAB Arch & over $1,000,000 in renos. 10 Ft window walls provide sweeping views of Lake Ontario & an elegant wood-burning fireplace accompanies the Malibu chefs kitchen that will reignite your passion for cooking. Your sunny primary features a balcony & panoramic lake views, large W/I closet, steam shower &copper tub perfect for soaking in the sunsets. Newly reno'd beach cottage serves as your guest/in-law suite, rental, or retreat for the children. 2nd kitchen features a butcher block island & S/S appliances. New oak flooring, 2nd laundry, updated bathrooms, bedrooms, pot lights, windows, entryway, stairs & roof. Can you imagine calling this home?
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-04 2023-12-19 137 $4,799,000 - Terminated
2023-05-26 2023-08-04 70 $4,999,000 - Terminated
2022-09-26 2022-12-12 77 $4,999,000 - Terminated
2022-09-12 2022-09-26 14 $5,499,000 - Terminated
Extras
1 Of Only 175 Lakefront Freeholds In Etobicoke, Currently Operating As One Of The Top Airbnbs In Ontario "The Inner Beach House." Stunning Renovation To Main Beach House & Cozy Beach Cottage. 20 Mins To Downtown, Steps To Ls Shops & Humber.
Nearby Intersections
Property Features
Beach, Cul De Sac, Lake Access, Park, Waterfront
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Irregularities
Irregular - 6,480 Sq Ft As Per Geo
Fronting
South
Taxes
$12,939 (2023)
Basement
Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain13.32' x 31.76'Fireplace, Built-In Speakers, Hardwood Floor
DiningMain19.32' x 8.30'W/O To Deck, Picture Window, Open Concept
KitchenMain12.07' x 31.76'Stainless Steel Appl, Breakfast Bar, Custom Backsplash
FoyerMain7.25' x 16.08'Skylight, Vaulted Ceiling, Picture Window
Prim Bdrm2nd17.59' x 11.68'Balcony, Ensuite Bath, W/I Closet
2nd Br2nd14.27' x 11.81'Double Closet, Hardwood Floor, Window
Etobicoke Market Statistics
Etobicoke Price Trend
1 Lake Shore Dr is a 3-bedroom 4-bathroom home listed for sale at $4,650,000, which is $3,272,944 (237.7%) higher than the average sold price of $1,377,056 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom home in Etobicoke increased by $34,715 (2.6%) compared to the previous 30 day period (February 26 - March 26) and down $15,208 (1.1%) from the same time one year ago.
Inventory Change
There were 970 3-bedroom homes listed in Etobicoke over the last 30 days (March 27 - April 25), which is up 13.8% compared with the previous 30 day period (February 26 - March 26) and up 25.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Etobicoke typically sold $79,093 (5.7%) above asking price over the last 30 days (March 27 - April 25), which represents a $8,004 increase compared to the previous 30 day period (February 26 - March 26) and $73,624 more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Etobicoke over the last 30 days (March 27 - April 25) stood at 67.5%, up from 67.3% over the previous 30 days (February 26 - March 26) and down from 75.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Etobicoke stood at 12 days when successfully sold over the last 30 days (March 27 - April 25), compared to 35 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sotheby's International Realty Canada
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