Homula Realty Brokerage
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.

175B Lake Shore Drive, Toronto, ON M8V 2A1

8 rooms · Vacant Land
$1,299,000

*Attention builders!* Severance Approved for this 75 x 150 foot lot to create two Lots of 37.5 x 150 Ft backing onto Rotary Peace Park and overlooking Lake Ontario! Only Steps from the Lake and neighbourhood Beach! Building Plans ready to build two 2,723 sq-ft homes with open concept main floor, 4 Bedrooms on 2nd level and a massive 3rd floor fully enclosed Roof Terrace overlooking Lake Ontario! Property is backing onto the park that can be accessed via a gate directly from the backyard! The opportunities are endless with this property offering a perfect open canvas to build two dream homes or lakeside retreat. Fantastic views of park and lake. Conveniently located close to an abundance of family amenities with waterfront trails and sports facilities including Rotary Peace Park, Beach and Outdoor Pool and Colonel Samuel Beach Park. Steps to the waterfront and a small beach. Just a few minutes drive to The QEW & GO Station. Close walking distance to affluent schools, shopping, restaurants, public transportation and so much more!

MLS number
W13239204
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
M8V 2A1
Photos
16
103days · this listing
259days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

259 days on the market across 2 listings
This listing shows 103 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Seventh Street Junior School7.3 / 10
Elementary · Regular Track
TDSB boundary
Show on the map ↑Homes for sale inside it →
Lakeshore Collegiate Institute5.9 / 10
Secondary · Regular Track
TDSB boundary
Show on the map ↑Homes for sale inside it →
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Father John Redmond Catholic Secondary School
Toronto CDSB
Secondary810 m8.5 / 10
85% met the standard · 2 of 6 measures
The Holy Trinity Catholic School
Toronto CDSB
Elementary903 m8.2 / 10
82% met the standard
Second Street Junior Middle School
Toronto DSB
Elementary1.1 km6.9 / 10
69% met the standard
Twentieth Street Junior School
Toronto DSB
Elementary1.1 km7.0 / 10
70% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 631 people.

$70,500Median household income
42.3%Own their home
22.9%Detached houses
47.2Median age
26%Born outside Canada
38.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35201556 — the few blocks around this address, home to 631 people. It describes the area, not this property.

631Population
46.3Average age
1.8Household size
$112,000Average household income
$70,500Median household income
42%Own their home
58%Rent
13%Condominiums
26%Born outside Canada
38%University degree
$1,400,000Average home value
11%Low income
58%Not in the labour force
32%Never married
Under $5,0001%
$5,000 to $9,9991%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over24%
$100,000 to $124,9997%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over10%

Percentages are of the 460 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$259,800 · minimum here is $104,900
$5,751.69per month
Borrowed before insurance$1,039,200
Total borrowed$1,039,200
Interest over 25 years at 4.5%$686,307

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$3,586.69per month out of pocket
Rent$2,165.00
Everything it costs to hold$5,751.69
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 1 still in progress.

2950 LAKE SHORE BLVD W417 m
OMB Appeal · applied April 29, 2019

Proposal for a 9-storey (28.7 m in height including mechanical penthouse) mixed use building containing 95 residential units and 485 sq. m of commercial gross floor area at grade. A total GFA of 8,683 sq. m is proposed, resulting in an FSI of 5.71.…

City planning file →
51 LAKE SHORE DR488 m
Closed · applied August 12, 2008

Original proposal to develop the property with (1) four storey townhouse block consisting of (7) freehold units. Proposal later revised to 6 semi-detached 4 storey dwelling units and one singe detached dwelling 4 storeys in height.

143 LAKE SHORE DR307 m
Closed · applied March 19, 2008

Demolition of existing single-family dwelling, and construction of a new 2-storey single-family dwelling.

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by ROYAL LEPAGE SIGNATURE REALTY. Listing data provided by the Toronto Regional Real Estate Board.