407 Lake Promenade, Toronto W06

$2,699,000
407 Lake Promenade

$2,699,000

New
17d
Detached2-Storey

407 Lake Promenade, Toronto W06

Total Monthly Obligation $12,226

HausQ Valuation Report
Beds
4
Baths
2
Park
4
Sqft
2000-2500
DOM
17d
Score
13
Yield
2.1%
Cash on Cash
-13.9%
Cap Rate
1.6%
5Y IRR
4.8%
10Y IRR
6.3%
Property Type-Detached
MLS® Number-W13866124
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-42.75 × 158 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Taxes-$11,563.38 (2026)
Parking-6 - Built-In
Basement-Unfinished
Heating-Radiant (Gas)
Brokerage-SOTHEBY'S INTERNATIONAL REALTY CANADA
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-60-90 Days
Neighbourhood-Long Branch
Title-Residential Freehold

No agent assigned

Lakefront living with a lifestyle you'll love, on Lake Promenade. This classic brick detached duplex provides a serene escape from the hustle & bustle of the city whilst offering seamless connectivity. Located in Long Branch, one of Etobicoke's most loved lakeside communities. Steps from Marie Curtis Park beach, trails & the Etobicoke creek and just minutes from the Long Branch GO, the 501 Streetcar and the shops and cafes along Lake Shore Blvd W. 407 Lake Promenade presents a unique opportunity to own a home with direct access to Lake Ontario. Complete with two south facing balconies that overlook the water as well as a deep, private lawn that extends down to a waterfront deck, where you can take in the stunning views of the horizon. Built in the 1950's, and meticulously maintained over the years, giving the next owners a blank canvas to make it their own. With two separate units, plus a double built-in garage and private drive, this property provides utility and waterfront whimsy.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$2,159,200
Land Transfer Taxes$53,950
Legal Fees (Est.)
$
Total cash required for closing$595,250

Total Monthly Obligation

$12,226/mo
Mortgage $10,887
Monthly Loss $9,361
Principal$2,865
Interest$8,022
Property Tax$964
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.3%0
5-Year IRR
2.8%6
10-Year IRR
5.0%
Returns Index
4.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$57,900/yr
NOI
$36,047/yr
Net Cash Flow
-$7,883/mo
Cash Margin
-163.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
0.8 mo15
Risk Index
11.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 407 Lake Promenade

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.