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Mimico, Toronto
$2,350,000
Your Private Waterfront Oasis in the Heart of Toronto. Experience the rare pleasure of a Muskoka lifestyle without the gruelling commute. This magnificent Mimico waterfront residence offers the crown jewel of urban living: your very own private beach. Spend your summers on a pristine, three-year-old deck, soaking in breathtaking, unobstructed views of Lake Ontario that make "driving to the cottage" a thing of the past.This property is a versatile gem brimming with potential. Whether you choose to move in and revitalize the existing charm with your personal touch, secure a high-demand rental, or clear the canvas to build your custom architectural masterpiece, the value of this lakeside lot is unmatched. The home is offering a golden opportunity for visionaries to claim one of Toronto's most coveted shorelines.The location perfectly balances tranquility with urban energy. You are steps away from vibrant parks, tennis courts, and local marinas, with Mimico's best shops and dining right around the corner. With downtown Toronto just a short drive away, you can enjoy the peace of the waterfront and the pulse of the city in the same afternoon.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $9,358 |
| Lot Size | 30 ft x 179.8 ft |
| mls© Number | W13194038 |
| Listed By | FOREST HILL REAL ESTATE INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $12,028
- Property tax
- $780
- Heat allowance
- $150
- Housing costs
- $12,958 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$399,000
gross annual household income
- Payment at 4%
- $9,889 / mo
- Cash down
- $470,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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