$539,000

$549,000For salePrice drop↓ $10,000 (2%)

#1113 5 Marine Parade Drive, Toronto (Mimico) - Single Family for Sale

#1113 5 Marine Parade Drive, Toronto (Mimico), Ontario, M8V4B4

1 bed1 bath1 parking650 ft²$713/mo condo feeListed 58 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $539,000, it is attractively priced about 17% below the $650,000 median asking price in Toronto.

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Description

Lake Views, South Exposure & Waterfront Living! Welcome To This Bright And Spacious One-Bedroom Suite At Grenadier Landing, Offering A Spectacular South-Facing Exposure With Beautiful Views Of Lake Ontario. Large Windows Fill The Open-Concept Living And Dining Area With Natural Light, While The Private Balcony Provides The Perfect Place To Enjoy The Stunning Waterfront Setting. The Upgraded Modern Kitchen Features Stainless Steel Appliances And Opens Seamlessly To The Living/Dining Area, Creating A Comfortable Space For Both Everyday Living And Entertaining. Freshly Painted And Move-In Ready. Enjoy An Exceptional Lakeside Lifestyle Just Steps To Lake Ontario, Humber Bay Park West, Waterfront Trails, Restaurants, TTC & Easy Highway Access. Building Amenities Include 24-Hour Concierge/Security, Fitness Centre, Guest Suites, Party/Meeting Room & Landscaped Courtyard With BBQ Area.One Parking Space with a Two-Tier Vertical Bicycle Storage Rack And One Locker Included. Monthly Maintenance Fees Include Hydro. A Wonderful Opportunity To Own A Bright Waterfront Home With Spectacular Lake Views In One Of Toronto's Most Desirable Lakeside Communities. (id:66096)

Property Details

MLS®: W13760332
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $713/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,885.09/yr
Listed: 58 days ago

Rooms

Flat

Bedroom: 3.14 x 3.2 meters
Living room: 3.7 x 5.49 meters
Dining room: 3.7 x 5.49 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, Dishwasher, Stove, Dryer, Microwave, Blinds
Foundation: Unknown
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$830

List price

$539K

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 1-bed single family in Toronto (Mimico) has been listed for 58 days, right at the city average. A solid opportunity worth looking into.

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Listed by RE/MAX ULTIMATE REALTY INC. · CANDIDO FARIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $539,000, about 6.8× the local median household income of $79,000.

Carrying it typically needs a household income of about $105,286 (20% down, 25-yr amortization, stress-tested) — roughly 33% 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)

$539,000· $830/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,900

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,404 capitalized)

Property tax (est.)$240/mo

Condo fee$713/mo

Total monthly$3,781

Cash Needed to Close

Down payment (5.36%)$28,900

Land transfer tax$14,510

Est. closing costs$4,117

Total cash needed$47,527

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