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Single Family Detached · Listed 12 days ago

154 5 Toronto,ON M8V 2C7

Toronto, ON, Canada

2 Beds2 Baths1,100–1,100 sqft0 Built

List price

$999,000

Why This Property?

This detached New Toronto home offers 2 bedrooms, 2 baths and about 1,100 sq ft on a rare oversized lot, with a bright open-concept main floor and a full finished basement. Its waterfront location puts Lake Shore Boulevard amenities, TTC streetcar/bus access, GO Transit and Colonel Samuel Smith Park nearby.

Facts & Features

Highlights

  • basement
  • waterfront
  • finished basement

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full: 2
  • Half: 0

Living Area

  • 1,100–1,100 sqft

Stories

Lot size

  • N/A — Condo

Year built

  • 0

Property type

  • Single Family Detached

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      Welcome to a rare stunning detached home, ideally located just steps from Toronto\'s waterfront, offering the perfect combination of lifestyle, location, and exceptional income potential.A Convenient access to the TTC streetcar and GO Transit makes commuting to downtown Toronto. Enjoy lakeside living surrounded by beautiful parks, waterfront trails, excellent schools, public transit, and the shops, restaurants, and amenities along Lake Shore Boulevard all while being just a short drive from downtown Toronto. Inside, the home features a bright and spacious open-concept main floor filled with natural light, with separate living and dining areas perfect for everyday living and entertaining. What truly sets this property apart is its rare oversized lot and incredible income potential. The fully finished basement features a separate side entrance, creating an excellent opportunity for additional rental income while maintaining your own private living space upstairs. The expansive, private, gated backyard offers plenty of room for entertaining and family enjoyment, featuring a large patio, hot tub, retractable swing, shed, and generous green space. With convenient laneway access, an already-poured concrete slab, and hydro hookup along the rear fence line, the property also offers the exciting opportunity for a Garden Suite, creating the potential for an additional living space and another source of income. Whether you\'re a first-time buyer looking to help offset your mortgage, a family seeking more space, or an investor searching for a property with multiple income possibilities, this home delivers tremendous versatility and long-term potential. Steps from the lake, an oversized lot, a separate-entrance basement, and Garden Suite potential-this is much more than a home; it\'s an opportunity to live, invest, and grow in Toronto.

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      More Listings

      Listing Broker

      RE/MAX PREMIER INC.

      MLS® TRREB · Listing #W13853544

      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      What area amenities are close to this New Toronto home?
      The home is near the waterfront, Lake Shore Boulevard shops and restaurants, Colonel Samuel Smith Park and the Martin Goodman Trail/lakeshore trail network.
      Which schools and transit options are associated with New Toronto?
      Area schools referenced include Second Street Junior Middle School and Lakeshore Collegiate Institute. TTC routes along Lake Shore Blvd and nearby GO Transit stations serve the neighbourhood.
      What should buyers know about purchasing a single family detached home in Toronto?
      Buying a detached home in Toronto often involves balancing neighbourhood, commute, school options, and lot size. Because the city is diverse, it helps to compare areas based on lifestyle, transit access, and the style and age of homes available. Working with a local real estate professional can help you understand market conditions, offer strategy, and the steps from viewing to closing.
      What are common features of single family detached homes in Toronto?
      Detached homes in Toronto commonly offer private front and back yards, multiple bedrooms, and finished or unfinished basements. Many are found in established neighbourhoods and can range from older character homes to newer builds. Depending on the area, buyers may also find garages, driveways, and renovated interiors.
      Which Toronto neighbourhood factors matter most for detached-home buyers?
      Important factors include access to TTC transit, proximity to parks and shopping, school catchments, and the feel of the surrounding streets. Some buyers prioritize quieter residential areas, while others want easier access to downtown or major transit hubs like Union Station. Neighbourhood character can vary widely across the city, so it is worth exploring several areas before deciding.
      How important are schools when buying a detached home in Toronto?
      Schools are an important consideration for many buyers in Toronto, especially families looking for long-term fit. The city is served by the Toronto District School Board and the Toronto Catholic District School Board, along with other schooling options. Buyers often check school boundaries and nearby amenities early in the search process.