154 Fifth Street, Toronto, ON M8V 2C7
New Toronto, Toronto · Near Islington Ave. And Lake Shore Blvd W. · View map
About this home
Welcome to a rare stunning detached home, ideally located just steps from Toronto's waterfront, offering the perfect combination of lifestyle, location, and exceptional income potential.A Convenient access to the TTC streetcar and GO Transit makes commuting to downtown Toronto. Enjoy lakeside living surrounded by beautiful parks, waterfront trails, excellent schools, public transit, and the shops, restaurants, and amenities along Lake Shore Boulevard all while being just a short drive from downtown Toronto. Inside, the home features a bright and spacious open-concept main floor filled with natural light, with separate living and dining areas perfect for everyday living and entertaining. What truly sets this property apart is its rare oversized lot and incredible income potential. The fully finished basement features a separate side entrance, creating an excellent opportunity for additional rental income while maintaining your own private living space upstairs. The expansive, private, gated backyard offers plenty of room for entertaining and family enjoyment, featuring a large patio, hot tub, retractable swing, shed, and generous green space. With convenient laneway access, an already-poured concrete slab, and hydro hookup along the rear fence line, the property also offers the exciting opportunity for a Garden Suite, creating the potential for an additional living space and another source of income. Whether you're a first-time buyer looking to help offset your mortgage, a family seeking more space, or an investor searching for a property with multiple income possibilities, this home delivers tremendous versatility and long-term potential. Steps from the lake, an oversized lot, a separate-entrance basement, and Garden Suite potential-this is much more than a home; it's an opportunity to live, invest, and grow in Toronto.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Basement
- Separate Entrance
- Lot size
- 32 x 118.3 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private
Taxes & other
- Property taxes
- $4,457/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- 30-60 Days
- Cross street
- Islington Ave. And Lake Shore Blvd W.
- Neighbourhood
- New Toronto
More
- Price per sq ft
- ~$1,110 (at 900 sq ft)
- Listed
- Oct 2, 2026 · 11 days ago
- MLS® number
- W13853544
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The home and its surroundings
- Carpet Free
- Primary Bedroom - Main Floor
- Awnings
- Deck
- Hot Tub
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
154 Fifth Street, Toronto, ON M8V 2C7
New Toronto, Toronto · Near Islington Ave. And Lake Shore Blvd W.
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Listing history for 154 Fifth Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 154 Fifth Street
Answers come straight from this home’s MLS® listing.
How much is 154 Fifth Street listed for, and what would it cost each month?
154 Fifth Street is listed for $999,000. With 20% down ($199,800), the mortgage payment would be roughly $4,030 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,401 a month, all in. That figure is an illustration, not a quote.
Is 154 Fifth Street freehold or a condo, and is there a monthly fee?
154 Fifth Street is a bungalow in New Toronto, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 154 Fifth Street have?
154 Fifth Street has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 154 Fifth Street have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 154 Fifth Street have a finished basement?
The listing describes the basement as separate entrance. It counts 1 bedroom on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 154 Fifth Street?
154 Fifth Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 154 Fifth Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 32 x 118.3 ft.
How is 154 Fifth Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 154 Fifth Street?
Property taxes are $4,457 a year (2025), or about $371 a month.
Where is 154 Fifth Street?
154 Fifth Street is in the New Toronto community of Toronto. The nearest main intersection is Islington Ave. And Lake Shore Blvd W.. The postal code is M8V 2C7.
How long has 154 Fifth Street been on the market?
154 Fifth Street was listed on October 2, 2026. It has been on the market for 11 days. It is an active listing (MLS® W13853544). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 154 Fifth Street asking?
Similar bungalow-style homes for sale nearby right now include 45 Seventeenth Street at $925,000 (2+2 bed), 21 Seventeenth Street at $770,000 (2 bed) and 14 Lake Shore Drive at $1,250,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 154 Fifth Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 154 Fifth Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near New Toronto, picked by style, size and price.
Bungalow$925,00045 Seventeenth Street, Toronto2+2 bed · 2 bath · New TorontoCourtesy of: RE/MAX HALLMARK YORK GROUP REALTY LTD.View home →
Bungalow$770,00021 Seventeenth Street, Toronto2 bed · 2 bath · New TorontoCourtesy of: HOMELIFE/CIMERMAN REAL ESTATE LIMITEDView home →
Bungalow$1,250,00014 Lake Shore Drive, Toronto2+1 bed · 2 bath · New TorontoCourtesy of: SUTTON GROUP REALTY SYSTEMS INC.View home →Courtesy of: RE/MAX PREMIER INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.