135 Lake Shore Drive
New Toronto, Toronto, M8V 2A1
FOR SALE
$2,498,000
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6 + 1
BEDROOMS 5
BATHROOMS 5
KITCHENS 14 + 6
ROOMS W13535268
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Property Description
WATERFRONT Multiplex w/ 5 units - Overlooking Lake Ontario - This large purpose built building offers: approx. 2900 sq ft above grade plus 1000 sq ft mid grade - approx. 3900 sq ft of living space! 25ft of frontage on Lake Ontario, 2 car garage, 5 legal residential units (100% tenanted w/ 2 two-bedroom units on the street side & 3 one-bedroom plus den units overlooking Lake Ontario), 2 large balconies overlooking Lake, ground level terrace w/ walkout overlooking Lake, recent upgrades/renovations include concrete at main entrance '24, windows '23, electrical panels '23, EV charger '23, fire alarm upgrade '23, lockers '23, lower waterfront patio '21, roof & eaves 2019 & exterior railings '19. End user Potential to convert into a Modern Masterpiece! New Toronto on the Lake: Great shopping & restaurants, lakefront parks, public transit, lakefront trails... This is a rare offering w/ incredible views of Lake Ontario **EXTRAS** 5 Meters, 5 Fridges, 5 Stoves.
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Nearby Intersections
Property Features
Park, Library, Lake/Pond, Waterfront, Public Transit, None, Private Double, Not Applicable
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Property Details
Address
135 Lake Shore Drive
Community
City
Postal Code
M8V 2A1
Property Type
Multiplex, Multiplex
Lot Size
25' x 180'
Taxes
$10,186 (2025
Basement
Finished, Walk-Up
Heat Type
Other
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Built-In
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Listing contracted with Royal Lepage Real Estate Services Ltd.
The Ultimate Roncesvalles Investment - Prime Double Vacancy Opportunity! 132 Marion St offers a rare chance for seasoned investors or end-users looking to house-hack and subsidize their lifestyle. This legacy-held 5-plex features a spacious, freshly painted & refreshed 3-bedroom main floor unit (vacant!), plus a 2-bedroom unit turned over August 1st - giving you immediate double vacancy to set your own market rents or move right in! Note: Interior photos of the 3-bedroom and 2-bedroom units were taken prior to the previous tenants moving out. The 3-bedroom has since been freshly painted and touched up; the 2-bedroom has had cabinets replaced and repaired. A true "densification dream" under Toronto's 6-plex reforms, featuring a rare 4-car coach house and private driveway. Heavy lifting is complete with meticulous exterior & capital upgrades: Brand-New Roof ($66k, 2026), Fresh Paint ($13k, 2026), and Full Garage Renovation ($20k+, 2025). Interior provides a brilliant blank canvas to renovate to taste and unlock a projected ~$145k gross income - current listing price represents a 5% cap rate on conservative assumptions. See Schedule for full capex/reno history (~$166k invested) & financials!
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A rare investment opportunity in the heart of Toronto's highly coveted Roncesvalles Village. Situated on a large lot, this detached multiplex is currently configured as five self-contained residential units, including a basement apartment, offering strong income potential in one of the city's most desirable west-end neighbourhoods. This beautifully renovated building features bright and inviting units throughout, complemented by professionally landscaped front and rear grounds, including a charming shared rear courtyard space. Additional basement storage space provides added convenience and utility. Ideally located just steps from Sorauren Park, vibrant cafés, acclaimed restaurants, boutique shopping, transit, and the renowned Roncesvalles retail strip. An exceptional opportunity to acquire a well-maintained multi-residential asset in a premier urban location with strong tenant appeal, stable income potential, and long-term upside.
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Experience a distinctive piece of Toronto's architectural history. This Victorian three-story property is located in the sought-after Cabbagetown neighbourhood and offers excellent investment appeal. The building features six fully renovated, self-contained units, all currently operational and income producing. Two rear-laneway parking spaces-with the potential to be converted into four tandem spaces-provide added convenience and future upside, including the opportunity to develop a laneway suite (see attachment). All mechanical systems, electrical, and plumbing have been upgraded for efficient, dependable performance. Showcasing classic Victorian character alongside thoughtful modern enhancements, this property stands out as a compelling income-generating asset.
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Offered for the first time in two generations, a truly exceptional residence that presents a rare opportunity to acquire one of the neighbourhood's distinguished legacy properties. Occupying a prominent 27 x 126.81ft corner lot, this stately home seamlessly blends historic charm with remarkable versatility, offering endless possibilities for families, investors, builders, and those seeking a multigenerational residence in one of Toronto's most coveted communities. Encompassing 3,490 of total living space, the home welcomes you through a gracious vestibule that sets the tone for the impressive scale and timeless character. Generous principal rooms, abundant natural light, and enduring architectural details create an inviting atmosphere while providing the perfect canvas for restoration, modernization, or reimagining. Configured as a well-maintained income-producing property, the residence is occupied by exceptional tenants. The property offers outstanding flexibility with five separate hydro meters, a dedicated coin-operated laundry facility, and private balconies serving each of the above-grade suites-features that enhance both tenant appeal and long-term investment value. Modern mechanical upgrades include a tankless hot water system, providing efficient, on demand hot water. Outside, the property's scale is equally impressive. A rare detached three-car garage complemented by parking for eight vehicles is virtually unheard of in this prestigious neighbourhood, creating unmatched convenience for homeowners, extended families, or investment use. The expansive corner lot further presents exciting opportunities for future enhancement or redevelopment and is garden suite eligible. Properties of this significance seldom become available. Rich in history, exceptional in scale, and brimming with future potential, 376 Sunnyside Avenue represents a once-in-a-generation opportunity to own a remarkable family legacy while creating the next chapter of its enduring story.
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