1201-2261 Lakeshore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13108948
About this home
Sophisticated Waterfront Living At Marina Del Rey. Welcome To A Rare Opportunity In One Of Mimico's Most Sought After Lakefront Communities. This Bright And Spacious 2+1 Bedroom 2 Bath Suite Offers Approximately 1,107 Sq Ft Of Well Designed Living Space In Suite 1201, With Truly Stunning Views Of Lake Ontario, Mimico Cruising Club And Humber Bay Park. Filled With Natural Light Through Expansive Windows, The Suite Delivers A Comfortable Open Feel And A Highly Functional Layout For Everyday Living And Entertaining. The Study Room Is Ideal As A Home Office Or Study Area. A Welcoming Entry Leads Into A Practical Kitchen And Dining Area, While The Spacious Primary Bedroom Features Excellent Closet Space And A Private Ensuite. Residents Enjoy All Inclusive Maintenance Fees Covering Utilities, Rogers Ignite Cable And Internet, HVAC Service. Resort Style Amenities At The Exclusive Malibu Club Include An Indoor Pool, Hot Tub, Sauna, And Squash Court, A Fully Equipped Gym With Fitness Classes, Party Room, Library, Games Room, And Resident Lounge. Outdoor Highlights Include Tennis Courts, A Furnished Lakefront Patio With BBQs, And A Community Herb Garden, All Within A Secure Gated Community With 24 Hour Concierge. Prime Waterfront Location Just Steps To Humber Bay Shores Trails, Parks, Marinas, Cafes, Restaurants, And Daily Conveniences, With Quick Access To Downtown Toronto Via Transit And Major Highways. Don't Miss This Exceptional Opportunity To Own A Beautiful Waterfront Suite In A Vibrant Community Where Every Day Feels Like A Getaway. 3D Virtual Tour https://my.matterport.com/show/?m=scgVDC7rmkW
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13108948
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Lakeshore Blvd W and Park Lawn Rd
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,186/mo
- Exposure
- South
- Property tax
- $3,431 / 2025
- Days on market
- 73
- Listing brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Rooms
3 pc ensuite · laminate · walk-in closet(s)
walk-in closet(s) · laminate
Laminate
laminate · window
Laminate
window · laminate
Listed at $869,000, this home is about 17% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($790/sqft) is below the area, so you are paying for extra space rather than a premium.
In Mimico lately, sellers have been getting about 96% of asking and homes sell in about 40 days.
Based on 53 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 53 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $729K, a close match.
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, sold for $706K
- Adjusts to $706K
That comparable adjusts to $706K; the $745K estimate above is the median of all 53 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is John English 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. Legion Road is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $745K, median of 53 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 10% below the area average of $873/sqft.
72 days longer than the Toronto average (1 days).
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
Walker's ParadiseA 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Legion Road, about 60 m away
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 23, 2026); conventional rates run a little higher.
Mortgage amount $695,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,710
- Property tax
- $286
- Condo / maintenance fees
- $1,186
- Heating
- $0
- Estimated monthly cost
- $5,182
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,855
- Toronto municipal land transfer tax
- $13,855
- Estimated closing costs
- $27,710
Plus your down payment of $173,800. 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
- $222,591
- Principal paid down
- $88,534
- Interest paid
- $134,057
- Balance remaining
- $606,666
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 SUTTON GROUP REALTY SYSTEMS INC.. MLS®/PropTx.