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New5 hours ago

55 Algoma Street

Mimico, Toronto

$1,769,000

Detached|2-Storey
3 | 5 | 1
About this home

Welcome to this beautifully renovated detached four-bedroom, five-bathroom home in the highly desirable Mimico community. This pocket of Mimico is known for its charming village feel, walkable local shops, and steps to GO transit, parks, schools, and the waterfront.The home features a fully updated interior.The main and second floors feature milled ash hardwood floors reclaimed from barns in southwestern Ontario, a stunning kitchen with quartz countertops and a functional, modern layout ideal for family living and entertaining. A walkout from the kitchen leads directly to the back garden, creating an easy indoor outdoor flow for everyday living. A powder room on the main floor adds everyday convenience. The underpinned basement offers rare eight foot ceilings, heated floors, a spacious and cozy family room, and a self contained in law suite with a separate entrance that is well suited for extended family or income potential. Upstairs, the primary suite showcases a vaulted ceiling, creating a bright, airy retreat with a sense of openness and calm. Both second floor bathrooms are finished with luxurious heated floors and skylights adding comfort and refinement to daily routines. The guest suite on this level also features a skylight that brings natural light into the space. Walk in closets and plenty of storage throughout the home add to its practicality and appeal.A separate detached garage provides valuable additional space and would make an excellent studio, workshop, gym, or creative workspace. At the end of the street, a newly updated public park offers a climbing gym, splash pad, dog park, and running track, creating a vibrant extension of the neighbourhood for families and people who enjoy an active outdoor lifestyle.Located steps from Mimico Village, parks, schools, and transit, this home blends luxury, comfort, and convenience in one of Etobicoke's most sought after neighbourhoods.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,850
Lot Size24 ft x 125.5 ft
mls© NumberW13784776
Listed ByBOSLEY REAL ESTATE LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,055
Property tax
$404
Heat allowance
$150
Housing costs
$9,609 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $353,800
25-yr amortization

Income needed

$296,000

gross annual household income

Payment at 4%
$7,444 / mo
Cash down
$353,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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