709-3 Marine Parade Drive, Toronto, ON
Mimico, Toronto · MLS® W13062926
About this home
Come experience a completely renovated one bedroom + den + solarium, with locker in this beautifully tailored retirement community, Hearthstone By The Bay! Your luxury living experience awaits with brand new: appliances, quartz countertops, luxury vinyl plank, plumbing fixtures, custom window coverings, bright electric light fixtures. Under cabinet lighting, and custom storage solution only adds to a vast list of benefits! This incredibly efficient layout has a lofty 733 square feet of functional living space, quick and easy access to the bathroom, and kitchen. Live here with complete independence, and support, with emergency aid stations, and retrofitted adjustments to this home to accommodate almost any living requirement. Hearthstone By The Bay has thought of everything to support your independent living, with support. Key features include: 24 hour, on demand nursing care, bespoke 24/7 concierge, housekeeping services, personal care, meal delivery, and handyman services. Please see attached pamphlet for a comprehensive list of benefits. Gain access to some of the best amenities in the city, with a lake view dining area (with a dining credit), gymnasium, outdoor terrace, games area, library, hair salon. Basic Service Package: $1990.85 monthly + 274.34 per additional resident.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13062926
- Bedrooms
- 3 (1 + 2)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Lake Shore and Parklawn
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $682/mo
- Exposure
- East
- Property tax
- $1,553 / 2025
- Days on market
- 78
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
closet · vinyl floor
east view · vinyl floor · window
combined w/dining · juliette balcony · window
quartz counter · stainless steel appl · stainless steel sink
double closet · vinyl floor
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Étienne Brûlé Junior 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 more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mimico, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
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.
Affordability & Mortgage
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.
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $244,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,302
- Property tax
- $129
- Condo / maintenance fees
- $682
- Heating
- $0
- Estimated monthly cost
- $2,113
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $3,050
- Toronto municipal land transfer tax
- $3,050
- Estimated closing costs
- $6,100
Plus your down payment of $61,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $78,124
- Principal paid down
- $31,073
- Interest paid
- $47,051
- Balance remaining
- $212,927
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.
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.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FOREST HILL REAL ESTATE INC.. MLS®/PropTx.