Lower-77 Murrie Street, Toronto, ON

Mimico, Toronto · MLS® W13004344

$1,800/mo
For Lease
Listed 97 days ago
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2Bedrooms
1Bathrooms
0Parking
700Sq Ft
8 schools20+ transit stops20+ parks20+ restaurantswithin 1.5 km

About this home

Newly Renovated 2 bedroom Basement Apartment with lots of natural light. Separate Entrance. Property has camera surveillance new modern high gloss kitchen includes stove and fridge. (no dishwasher)., recently renovated Bathroom with Stand Shower, Beautiful Vinyl flooring, Ideal for young professional and/or Mature students attending Humber College. Water, Internet and Gas Included. A must see!

Key facts

Property type
Detached, 2-Storey
MLS®
W13004344
Bedrooms
2
Bathrooms
1
Size
700 sq ft
Lot
37 × 125 ft
Cross streets
Royal York Rd/ North of Lakeshore Blvd W
Parking
0 parking
Basement
Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Stone, Stucco (Plaster)
Foundation
Block, Concrete Block
Roof
Shingles
Sewer
Sewer
Days on market
97
Listing brokerage
RE/MAX WEST REALTY INC.
Moe’s TakeTeam Asgarian · Broker
In line
$1,902/moest. value

Listed at $1,800/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.

In Mimico lately, landlords have been getting about 99% of asking and homes lease in about 28 days.

There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.

Based on 66 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 66 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The comparable range is wide here, so treat this as a rough read until I run a full CMA.

How I got there

Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.

  • Closest comparable, leased for $1,900/mo
  • Adjusts to $1,900/mo

That comparable adjusts to $1,900/mo; the $1,902/mo estimate above is the median of all 66 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.

The assigned public school is Second Street Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a very walkable address with everyday errands close by. First Street is about a 4-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$1,459/moBelow market$2,359/moAbove market

Total price vs nearby homes. Fair value about $1,902/mo, median of 66 comparables.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
  • Income potential
  • Value driver
Comparable listingsCurrently listed nearby · asking prices
$1,567avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Basement-54A Galley Avenue$1,7001-209 South Kingsway$1,600#B-54 Cliffwood Road$1,400

The 3 closest active listings nearby.

See all comparable homes
1,800This home1,7001,6001,400This home vs active comparables
Live market pulseActive comparables in Mimico · median list $2K
8active listings nearby
97days on market
46leased nearby · 90 days
$3Kmedian leased price
99%of asking, on average

96 days longer than the Toronto average (1 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Mimico, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

81/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: First Street, about 288 m away

20+ transit stops4 grocery20+ dining20+ parks3 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

South Parkdale
$2K
Corso Italia-Davenport
$2K
Downsview-Roding-CFB
$2K
Willowdale West
$3K
Newtonbrook East
$3K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Second Street Junior Middle School
69%
Second Street Junior Middle SchoolPublic · Elementary · 0.2 km awayAround the GTA average · 69% meet the provincial standard

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.4×Price ÷ income
$2Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

88%mortgage
Mortgage $8Property tax $1Total carry $9

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8per month

Mortgage amount $1,440 · 4.14% over 25 years

$360Down payment (20.0%)
$1,440Loan before insurance
$0CMHC premium
$9Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9
Toronto municipal land transfer tax
$9
Estimated closing costs
$18

Plus your down payment of $360. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$9/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$865Total interest paid
$2,305Total of all payments
Principal $1,440 Interest $865
YearPrincipalInterestBalance
1$34$58$1,406
2$35$57$1,371
3$37$56$1,335
4$38$54$1,296
5$40$52$1,257
6$41$51$1,215
7$43$49$1,172
8$45$47$1,127
9$47$45$1,080
10$49$43$1,032
11$51$41$981
12$53$39$928
13$55$37$873
14$57$35$815
15$60$32$755
16$62$30$693
17$65$27$628
18$68$25$560
19$71$22$490
20$73$19$416
21$77$16$340
22$80$12$260
23$83$9$177
24$87$6$90
25$90$2$0

At the end of your 5-year term

Total paid over the term
$461
Principal paid down
$183
Interest paid
$278
Balance remaining
$1,257

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.

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