$5,995,000

78 Royal York Road, Toronto (Mimico), Ontario, M8V2T8

For saleJust listed

Yesterday

$1.29M

78 Royal York Road, Toronto (Mimico), Ontario, M8V2T8

3 bd3 ba2 pk1,750 ft²Lot size 34 × 92 ft (3,082 sq ft)

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

66 Eastbourne Crescent, Toronto (Mimico), Ontario, M8V1W8

For saleJust listed

2 days ago

$1.29M

66 Eastbourne Crescent, Toronto (Mimico), Ontario, M8V1W8

4 bd2 ba4 pk1,300 ft²Lot size 40 × 91 ft (3,644 sq ft)

Listed by ROYAL LEPAGE SUPREME REALTY

54 Albani Street, Toronto (Mimico), Ontario, M8V1X2

For saleJust listed

2 days ago

$998K

54 Albani Street, Toronto (Mimico), Ontario, M8V1X2

3 bd2 ba1 pk1,300 ft²Lot size 25 × 125 ft (3,125 sq ft)

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

129 Cavell Avenue, Toronto (Mimico), Ontario, M8V1P5

For sale

8 days ago

$848K

129 Cavell Avenue, Toronto (Mimico), Ontario, M8V1P5

4 bd2 ba1 pk1,300 ft²Lot size 30 × 85 ft (2,550 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$5,995,000

Toronto

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2685 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

2685 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V1G6

3 beds2 baths4 parking1,300 ft²115 × 180 ft (20,754 sq ft) lot sizeListed 49 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 49 days, fresher than the Toronto average of 57 days.

Houses for Sale in Toronto →All real estate in Toronto →

Description

A rare waterfront assemblage on Lake Ontario: 2679 & 2685 Lake Shore Blvd W-offered for land value and future redevelopment. Set along Toronto's coveted south shoreline, this site captures sweeping, unobstructed south-facing water views and a striking nighttime skyline of the downtown core. Positioned within an established, amenity-rich lakeshore neighborhood with strong rental fundamentals, the property presents an exceptional canvas for developers seeking a mid-rise, multi-family vision-purpose-built rental being a highly compelling end use. Imagine residents stepping out to the waterfront, trails, and parks, with seamless connectivity to the city via the Lake Shore corridor and convenient access to transit, commuter routes, and everyday essentials. 2679 includes an existing house (currently tenanted) to be delivered with vacant possession, offering flexibility while you complete planning and approvals. Opportunities to secure meaningful waterfront presence with iconic views and redevelopment scale are increasingly scarce-this is your chance to create a landmark address on the lake. Buyer to conduct their own due diligence regarding zoning, planning, and all development potential. Land sale; property sold in "as is, where is" condition. (id:66096)

Property Details

MLS®: W13793272
Property Type: Single Family
Zoning: Ra (d1.5*778)
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 115 × 180 ft (20,754 sq ft)
Frontage: 115 ft
Storeys: 2
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $30,442.49/yr
Listed: 49 days ago

Features

Foundation: Unknown
Exterior: Brick
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Mimico) listings, avg age

57d

Price / ft²

$4,612

List price

$6.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Mimico) has been listed for 49 days, which is 8 days fresher than the city average of 57. Act while there is still low competition.

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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA · ANDY TAYLOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $5,995,000, about 75.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $1,171,033 (20% down, 25-yr amortization, stress-tested) — roughly 1382% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$5,995,000· $4,612/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $1,199,000

Min 20%50%

Mortgage payment$25,567/mo

Property tax (est.)$2,537/mo

Total monthly$28,104

Cash Needed to Close

Down payment (20%)$1,199,000

Land transfer tax$272,700

Est. closing costs$20,485

Total cash needed$1,492,185

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