$2,500,000

For saleJust listed

5 Marine Parade Drive, Toronto (Mimico) - Single Family for Sale

5 Marine Parade Drive, Toronto (Mimico), Ontario, M8V4B4

3 beds5 baths2 parking2,375 ft²$2,063/mo condo feeListed Today

Overview

This 3-bedroom, 5-bathroom condo in Toronto is for sale offering roughly 2,375 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 58 days.

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Description

Simply Unmatched Where Nature Meets The City. Luxury Living At Its Finest. This Rare sophisticated Fully Renovated Three-Story Waterfront Townhouse Perfectly Balances Modern Elegance With A Serene Lakeside Lifestyle. Spectacular Unobstructed Waterfront Views, Boasting Over 2,700 Square Feet Of Seamless Indoor/Outdoor Living Space, This Home Is Designed For Both Grand Entertaining & Private Relaxation. Gourmet Chef's Kitchen With W/I Pantry, Direct In-Suite Entry To Private Underground Double-Car Garage With Ample Storage Plus Utility Rm. Walkable Paradise: Steps Away From Humber Bay Shore's Finest Lakeside restaurants, Vibrant Cafes, Effortless Transit & Highway Connectivity Simply A Commuter's Dream. Doorstep TrailAccess: Immediate Connection To The Martin Goodman Trail And The Humber Bay Parks Trails Network, Offering Miles Of Paved Paths For Running, Biking, And Leisurely Strolls Right Along The Water. Surrounded by Lush Beautiful Green Space & Parks This Is Truly Front Row Living In One Of The GTA Most Popular Neighborhoods. (id:66096)

Property Details

MLS®: W14155000
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 5
Half Baths: 2
Parking: 2
Interior Size: 2,375 ft²
Storeys: 3
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Waterfront: Yes
Condo Fee: $2,063/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance

Rooms

Main level

Living room: 4.27 x 5.28 meters
Dining room: 4.27 x 2.95 meters
Kitchen: 4.64 x 3.23 meters

Second level

Bedroom: 3.61 x 3.97 meters
Bedroom 2: 4.61 x 6.47 meters

Third level

Primary Bedroom: 6.12 x 4.06 meters

Lower level

Family room: 4.27 x 5.41 meters
Utility room: 1.98 x 2.55 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Central Vacuum, Stove, Dryer, Alarm System
Flooring: Hardwood
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mimico) listings, avg age

58d

Price / ft²

$1,053

List price

$2.50M

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 0 days, which is 58 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ORION REALTY CORPORATION · BRUNO VONO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $2,500,000, about 31.6× the local median household income of $79,000.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 518% 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)

$2,500,000· $1,053/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $500,000

Min 20%50%

Mortgage payment$10,662/mo

Property tax (est.)$659/mo

Condo fee$2,063/mo

Total monthly$13,383

Cash Needed to Close

Down payment (20%)$500,000

Land transfer tax$97,950

Est. closing costs$10,000

Total cash needed$607,950

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