PRICE DROP - 1 Lake Shore Drive - NEW TORONTO, TORONTO

At the end of August, I posted this 4+1 bedroom, 4 bathroom house on a 48.65 x 180 foot waterfront lot with 6 parking spaces at 1 Lake Shore Drive in New Toronto in Etobicoke.

It was a house that I had posted years ago when it was listed at $1,799,000 and it eventually sold for $1,785,000.

It was then on and off the market with no changes and a deal that fell through in 2018 for $2,200,000.

I’m not sure if it ever actually changed hands from when I initially posted it but by this summer, it had been fully redone in the main house with the attached garage house staying as is.

When I posted the listing, it actually hadn’t hit the market but there were social media posts saying it would be coming on the market for $6,000,000. I thought that was a little…

It actually came on the market 2 weeks later in mid-September for $5,499,000.

It never sold and as of yesterday has had a price drop. The new price for this waterfront house is…

$4,999,000.