$599,000

For sale

#327 2261 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X1

1 bd2 ba1 pk750 ft²+$863/mo

Listed by RE/MAX REALTY SERVICES INC.

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

For saleJust listed

Today

$2.50M

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

3 bd5 ba2 pk2,375 ft²+$2063/mo

Listed by ORION REALTY CORPORATION

#511 2269 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X6

For saleJust listed

Yesterday

$799K

#511 2269 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X6

2 bd2 ba1 pk1,100 ft²+$1153/mo

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

#WL08 80 Marine Parade Drive, Toronto (Mimico), Ontario, M8V0A3

For saleJust listed

Yesterday

$879K

#WL08 80 Marine Parade Drive, Toronto (Mimico), Ontario, M8V0A3

2 bd2 ba2 pk1,100 ft²+$1035/mo

Listed by PROPERTY.CA INC.

Investment analysis

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$599,000

Toronto

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#703 2285 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

#703 2285 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X9

2 beds2 baths1 parking950 ft²$1,157/mo condo feeListed 15 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $599,000, it is attractively priced about 8% below the $650,000 median asking price in Toronto. It has been on the market 15 days, fresher than the Toronto average of 58 days.

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

Description

Some suites you renovate. This one you get to create. Suite 703 is the layout buyers wait for at Grand Harbour - 1 bedroom plus a real den that also can be a dining room if entertaining is your thing (wicked views btw) 2 bathrooms, and 932 sq ft looking out over Lake Ontario. The view is the show. Water, sky, and the most serene stretch of waterfront in Toronto's west end. And it's a true blank canvas. Original throughout, never renovated, so you choose every finish and build the retreat you actually want. The bones, the layout, and the views are already here. Grand Harbour covers the rest: a saltwater pool, a full fitness centre, squash courts, billiards, and landscaped grounds that feel more resort than condo. Steps to the waterfront trail and Humber Bay Park, and a short run into downtown. One-plus-den suites facing the water rarely come up in this building. This is the one to make your own. Pictures include concepts of the suites potential with renovation. Property sold as is. (id:66096)

Property Details

MLS®: W14108240
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,157/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,994/yr
Listed: 15 days ago

Features

Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$631

List price

$599K

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 15 days, which is 43 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · JIM EMILSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $599,000, about 7.6× the local median household income of $79,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 48% 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)

$599,000· $631/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$250/mo

Condo fee$1,157/mo

Total monthly$4,534

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$16,910

Est. closing costs$4,297

Total cash needed$56,107

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice