



Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$520,000
Toronto
#1508 56 Annie Craig Drive, Toronto (Mimico), Ontario, M8V0C5
This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $520,000, it is attractively priced about 20% below the $650,000 median asking price in Toronto.
Welcome to LAGO Condominium - a bright and thoughtfully laid-out 1-bedroom, 1-bathroom condo in the heart of Humber Bay Shores. This suite offers an efficient open-concept design with a comfortable open concept living and dining area, a practical kitchen layout, and a well-sized bedroom that provides privacy without wasted space. Large windows bring in natural light, creating a warm and inviting feel throughout the unit. The bathroom is conveniently positioned, and the overall floor plan makes everyday living simple and functional. Residents enjoy access to excellent building amenities, including 24/7 concierge service, gym fitness center, indoor pool, sauna, party room, guest suites, visitor parking, and outdoor terrace/BBQ areas. Steps from the waterfront, trails, parks, shops, groceries, cafés, restaurants, transit, and major routes, this condo offers a great mix of comfort, convenience, and lakeside living in one of Etobicoke's most desirable waterfront communities. A Perfect Option For Professionals, First-Time Home Buyers, Or Investors Seeking A Move-In-Ready Condo in a prime location. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 178 days on market, against an average age of 58 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (Mimico) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $520,000, about 6.6× the local median household income of $79,000.
Carrying it typically needs a household income of about $101,574 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA M8V)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice