A truly unique opportunity for a scenic Lake View Home with a detached studio on a 1.5 acre lot in The Scarborough Bluffs. The lot extends to a second frontage of 105 feet on exclusive Meadowcliffe Drive which offers the potential to sever and sell, to build, or to enjoy the entire natural parcel and its privacy. Set on a secluded hillside in the Cliffcrest neighborhood, this former Sea Captain's home delivers the feel of cottage life in the city. From its Meadowcliffe frontage of 105 feet, the property is 396 feet deep and widens to 206 feet. With its private location at the end of Ledge Road, this 2 storey home has an inverted floor plan designed to take advantage of its lofty perch and expansive lake views. The ground level features the entrance foyer, full bathroom, three bedrooms, storage and utility room. The primary bedroom has a 4-piece ensuite bathroom and all three bedrooms have walk-outs. A solid oak staircase leads to the sun-filled upper level with its open-concept living, dining and kitchen plus a home office, 2-piece bathroom and laundry. This upper floor steps out to a generous wrap-around deck with south, east, and west exposures. The gas furnace, air conditioner and Generac generator were new in 2022.The property also includes a detached multi-purpose studio built to maximize natural light through large windows and skylights. Fully insulated, the studio has gallery lighting, hardwood flooring, electric heat, a wood-burning stove, a loft and double barn doors for easy access. An inspiring space for creativity. Must be seen to truly appreciate this gem which is offered for the first time in 40 years.
3 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $1,250 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1 Ledge Rd
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
None
Lot & land
Lot size (sqft)
66100
Listing & possession
Property style
2-Storey
Property class
Detached
1 Ledge Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14178868$2,499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1 Ledge Rd Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$12,277
/mo
based on the purchase price of $2,499,000
$499,800 cash
$1,999,200 financed
$1,683,851 total interest
Principal54%$1,999,200
Interest46%$1,683,851
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–5 bed homes for sale in Toronto around $2.5M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5253.8%On average, homes sold at or above asking.
Active listings11,979Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 17 – Aug 15, 2026: prices down.
Based on 9,020 sales from Aug 15 – Nov 13, 2026 (7,222 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1 Ledge Rd
How much is 1 Ledge Rd listed for?
1 Ledge Rd is listed at $2,499,000 (MLS® E14178868). Summitly updates the price as soon as the MLS® record changes.
Is $2,499,000 a good price for 1 Ledge Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1 Ledge Rd changed?
No — 1 Ledge Rd is still listed at its original asking price of $2,499,000.
How many bedrooms and bathrooms does 1 Ledge Rd have?
1 Ledge Rd has 3 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 1 Ledge Rd?
About $12,277 a month — principal and interest on $2,499,000 with 20% down ($499,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1 Ledge Rd compare with other homes in Toronto?
Its asking price of $2,499,000 is about 198% above the median sold price in Toronto over the last 90 days, $840,000, across 9,020 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1 Ledge Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1 Ledge Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1 Ledge Rd?
1 Ledge Rd is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1 Ledge Rd been on the market?
1 Ledge Rd was listed today (November 13, 2026).
What is the price per square foot of 1 Ledge Rd?
About $1,000 to $1,250 per square foot: the asking price of $2,499,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 1 Ledge Rd have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 1 Ledge Rd have a basement, and is it finished?
