5+ Days Ago
Highlights
Pet Friendly
Location
245 Lake Shore Dr, Toronto, ON M8V 2A8, CAN|New Toronto
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Property Overview
245 Lakeshore Drive is highly regarded for its exceptional features, receiving an 8.8 out of 10 from Zumper's expert rating, making it attractive for renters. The property excels with a price rating of 10 and an amenities rating of 9, reflecting a strong balance of value and high-quality offerings. Additionally, its location earns a 9 rating, ensuring easy access to essential amenities, while transparency and trustworthiness are noted with ratings of 7, supported by an abundance of visual content with 34 photos.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Floor plans
| Studio | Studio | 1 bath | 385 sqft | $1,667 /mo | 1 unit available | ||
| 1bdrm | 1 bed | 1 bath | 670 sqft | $2,099 /mo | |||
| 2bdrm | 2 bed | 1 bath | 880 sqft | $2,702–$2,752 /mo |
Let's explore this property.
Amenities for 245 Lakeshore Drive
Apartment Amenities
| Heat | Hot Water |
Building
| Cats OK | Dogs OK |
| Elevator | Onsite Laundry |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog policy
| Allowed |
|---|
Cat policy
| Allowed |
|---|
Contact for more information on pet policy.
Building details
Property details
| Lease terms | 12 months |
|---|
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About 245 Lakeshore Drive
Virtual Open House: View our units by clicking the virtual tour link, schedule a video tour or make an appointment for in person viewing. 647-932-9011. Enjoy waterfront leisure living at 245 Lakeshore Drive. This gorgeous location is in demand. Backing onto Lake Ontario, this rental community enjoys lakefront living. The large and beautiful Colonel Sam Smith Park surrounds the rental property. The area offers bike trails, playgrounds, the beach and Rotary Park Pool, with the Yacht club nearby for those who sail. Humber College is a five-minute walk, while St. Teresa Catholic School is a 10-minute walk. There are also public elementary and high schools servicing the area. Just a few kms south of the QEW, the area is also served by public transit, making the area very accessible and ideal for commuters. Photos and 360 Virtual Tour for reference only, which give a general sense of unit layouts and finishes. Please schedule a personalized video call or tour to view available units and amenities by calling, texting or emailing our leasing agents. The safest way to find your new home. On-line options available at all properties for ease of rental payments, maintenance requests, and communication with property management – all accessible from your preferred personal device.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 245 Lakeshore Drive is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 245 Lakeshore Drive has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
245 Lakeshore Drive offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
245 Lakeshore Drive goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, 245 Lakeshore Drive receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
245 Lakeshore Drive is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 245 Lakeshore Drive to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
245 Lakeshore Drive provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 245 Lakeshore Drive compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- Priced higher than average
- 1-bedrooms are $0.0 more than the median rent in this area
- Priced higher than average
- 2-bedrooms are $0.0 more than the median rent in this area
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Rent trends in New Toronto
Studio apartments at 245 Lakeshore Drive cost about the same as the average rent price for studios in New Toronto.
1-bedroom apartments here are priced 10% higher than 1-bedrooms in New Toronto.
If you decide to upgrade your space, you can expect 2-bedrooms at 245 Lakeshore Drive to be 9% more than the average for similarly sized apartments in New Toronto.
Median rents as of Oct 4 2025.
New Toronto
Toronto
| Month | Median Rent |
|---|---|
| October 2023 | $2,025 |
| November 2023 | $2,017 |
| December 2023 | $1,999 |
| January 2024 | $1,999 |
| February 2024 | $1,988 |
| March 2024 | $1,980 |
| April 2024 | $1,959 |
| May 2024 | $1,983 |
| June 2024 | $1,990 |
| July 2024 | $1,955 |
| August 2024 | $1,948 |
| September 2024 | $1,907 |
| October 2024 | $1,898 |
| November 2024 | $1,899 |
| December 2024 | $1,899 |
| January 2025 | $1,887 |
| February 2025 | $1,853 |
| March 2025 | $1,862 |
| April 2025 | $1,856 |
| May 2025 | $1,842 |
| June 2025 | $1,806 |
| July 2025 | $1,800 |
| August 2025 | $1,800 |
| September 2025 | $1,799 |
| October 2025 | $1,800 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,750 |
| December 2024 | $1,762 |
| January 2025 | $1,750 |
| August 2025 | $1,681 |
| September 2025 | $1,681 |
| October 2025 | $1,667 |
Affordability calculator
Can I afford to live at 245 Lake Shore Dr?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$66,680/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,680 annually to afford this studio monthly rent price of $1,667.
For more information on rent affordability, visit our rent calculator.
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Internet available near 245 Lakeshore Drive
Neighborhood
New Toronto | Toronto, ON
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Toronto near 245 Lake Shore Dr
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 245 Lake Shore Dr, Toronto
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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