$699,999

For sale

#911 5 Marine Parade Drive, Toronto (Mimico) - Single Family for Sale

#911 5 Marine Parade Drive, Toronto (Mimico), Ontario, M8V4B4

2 beds2 baths2 parking950 ft²$975/mo condo feeListed 55 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. It has been on the market 55 days, fresher than the Toronto average of 58 days.

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Description

Welcome to waterfront living at its finest in the highly sought-after Grenadier Landing! This bright and spacious 2-bedroom, 2-bathroom suite offers approximately 902 sq. ft of thoughtfully designed living space with a desirable East exposure, filling the home with natural light and showcasing beautiful lake views. the open-concept layout features a functional kitchen, generous living and dining areas, a primary retreat with walk-in closet and ensuite, and a large private balcony perfect for enjoying sunrise views over Lake Ontario. Nestled in the heart of Humber Bay Shores, residents enjoy direct access to the scenic Martin Goodman Trail, a renowned waterfront trail ideal for cycling, jogging, walking, and outdoor recreation along Toronto's shoreline. Just septs from picturesque Humber Bay Park, waterfront promenades, marinas, cafes, and green spaces, this exceptional location offers the perfect blend of nature and urban conveniences. Enjoy easy access to downtown Toronto, TTC, major highways, and both Airports. the vibrant lakeside lifestyle that makes this community one of Toronto's most desirable waterfront destination. Unit comes with Teo parking sports and one Locker. (id:66096)

Property Details

MLS®: W13773904
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $975/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,299.44/yr
Listed: 55 days ago

Rooms

Main level

Primary Bedroom: 4.57 x 3.1 meters
Kitchen: 2.51 x 2.64 meters
Living room: 3.35 x 5.18 meters
Dining room: 3.35 x 5.18 meters
Bedroom 2: 3.5 x 2.84 meters

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

Features

Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$737

List price

$700K

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 55 days, which is 3 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE TERREQUITY REALTY · RAVI GURDITA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $699,999, about 8.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 73% 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)

$699,999· $737/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$275/mo

Condo fee$975/mo

Total monthly$4,881

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$20,950

Est. closing costs$4,600

Total cash needed$70,550

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