$569,000

$588,000For salePrice drop↓ $19,000 (3%)

#1507 56 Annie Craig Drive, Toronto (Mimico) - Single Family for Sale

#1507 56 Annie Craig Drive, Toronto (Mimico), Ontario, M8V0C8

2 beds1 bath1 parking650 ft²$564/mo condo feeListed 38 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $569,000, it is attractively priced about 12% below the $650,000 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 58 days.

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Description

Experience urban luxury at Lago at the Waterfront in this exceptional 1 bedroom + den corner suite, offering 600 sq ft of interior living space and an expansive 245 sq ft wraparound balcony. Enjoy breathtaking, west and unobstructed north-facing views from your private outdoor retreat, with walkouts from both the living room and primary bedroom. Soaring 9' floor-to-ceiling windows fill the suite with natural light, freshly painted, while sleek flooring flows throughout. The thoughtfully designed interior features a spacious bedroom with closet organizer, den, custom vertical blinds, and a 2024 washer. Enjoy an impressive collection of resort-style amenities, including a 24-hour concierge, indoor pool, hot tub, sauna, fully equipped gym, yoga room, theatre room, party room, billiard lounge, car wash, dog wash station, bike storage rooms, visitor parking. The heat pump unit supply lines have been upgraded to stainless steel braided hoses in 2025. A sophisticated waterfront lifestyle with exceptional views, abundant amenities, and seamless indoor-outdoor living. (id:66096)

Property Details

MLS®: W13841120
Property Type: Single Family
Zoning: R4
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Waterfront: Yes
Condo Fee: $564/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Living room: 5.67 x 3.23 meters
Dining room: 2.62 x 3.23 meters
Kitchen: 2.62 x 2.3 meters
Primary Bedroom: 3.32 x 3.32 meters
Den: 2.13 x 2.16 meters

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

Features

Appliances: Washer, Dryer, Blinds
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$876

List price

$569K

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 2-bed single family in Toronto (Mimico) has been listed for 38 days, which is 20 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · INNA BALANDINA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $569,000, about 7.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$569,000· $876/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,900.00

Min 5.61%50%

Mortgage payment$2,978/mo

↳ CMHC premium ($21,484 capitalized)

Property tax (est.)$224/mo

Condo fee$564/mo

Total monthly$3,766

Cash Needed to Close

Down payment (5.61%)$31,900

Land transfer tax$15,710

Est. closing costs$4,207

Total cash needed$51,817

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