$2,699,000 - 407 Lake Promenade, Liberty Village
Detached for Sale in Liberty Village
New — Listed yesterdayNeighbourhood: Long Branch
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- MLS Number
- W13866124
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2026)
- $11,563
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
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.
Estimate your monthly payments for this property
Estimated Payment
$11,938.59/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Historic Lakefront Character
Long Branch is a historic lakefront neighbourhood at the western edge of Etobicoke with roots dating back to the late 1800s as a summer resort community. Today it retains its charming village character with tree-lined streets, character homes, and direct Lake Ontario waterfront access. The area has seen thoughtful infill development while preserving its heritage appeal.
Why Live in Long Branch
- •Historic lakefront community since the 1800s
- •Charming village character with heritage homes
- •Direct Lake Ontario waterfront access
- •Long Branch GO Station and TTC streetcar
- •Marie Curtis Park at the neighbourhood's edge
Nearby Schools
Transit & Commuting
- •Long Branch GO Station on the Lakeshore West line
- •TTC 501 Queen streetcar
- •TTC bus connections
- •Easy access to Gardiner Expressway
Parks & Amenities
- •Long Branch Park
- •Marie Curtis Park
- •Colonel Samuel Smith Park
- •Waterfront Trail
- •Long Branch village shops
Lifestyle & Community
Long Branch delivers historic lakefront charm with the practical benefits of strong transit connectivity. Residents enjoy beach access, heritage streetscapes, and the intimate feel of a lakeside village within Toronto.
407 Lake Promenade, Liberty Village / Parkdale / South Parkdale
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1350/sqft, this property is priced above the Liberty Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Liberty Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Liberty Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Liberty Village. Good resale value as demand remains consistent.
About Long Branch
I know Long Branch well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Liberty Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $11,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.