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 W13883582
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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 Opportunity! 132 Marion St offers a rare chance for seasoned investors, live-in buyers looking to subsidize their mortgage, or visionary buyers looking to build their dream home in one of Toronto's premier neighbourhoods. This legacy 5-plex features a spacious, freshly painted 3-bedroom main floor unit (vacant!), plus a vacant 2-bedroom unit-giving you immediate double vacancy to set market rents, move in, or execute your custom redesign! Highlighted by Toronto's 6-plex reforms, a rare coach house/garage with room for 2 cars inside plus total parking for up to 5 vehicles in the rear, and a private driveway. Major capital upgrades completed: Brand-New Roof ($66k, 2026), Paint ($13k, 2026), and Full Garage Renovation ($20k+, 2025). Potential ~$145k gross income (~5% cap rate). See Schedule for capex history (~$166k invested) & pro forma!
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An exceptional architectural residence where inspired design, everyday luxury and intelligent homeownership come together. This distinctive legal multiplex offers a lifestyle rarely found in the city, featuring an expansive four-bedroom owner's residence and two beautifully finished, self-contained two-bedroom suites. Thoughtfully designed for comfort, privacy, and functionality, it provides the opportunity to enjoy elevated living while generating meaningful rental income to help offset monthly carrying costs and build long-term financial security. Set in the heart of vibrant Oakwood Village, this property is surrounded by beautiful parks, schools, cafes, local restaurants, and everyday conveniences, with effortless access to downtown Toronto and just a two-minute walk to the LRT. Ideal for multi-generational living, growing families, or homeowners seeking luxury with built-in income potential, this is more than a home - it's a smart investment in your lifestyle and your future. Live beautifully, enjoy flexibility, and let your property work for you.
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