PH416-300 Manitoba Street, Toronto, ON
Mimico, Toronto · MLS® W13114432
About this home
If You want bold, bright & unique, and High-end custom finishes, Look No Further! This Rarely offered fully transformed NYC style Hard-Loft perched on the Ph-level of MYSTIC POINTE lofts in Mimico offers luxury style living. Formally the McGinness Distillery! This 2-storey Loft, 3-spacious Bedrooms + 2-spa inspired Full bathroom open concept floor plan has 17' ceiling height showpiece blends industrial charm with modern luxury. Offering 1250ft of brilliantly redesigned modern living space with south facing views thru floor to ceiling bright windows. Sun drench Loft was crafted to impress & entertain. Sleek open riser stairs, dramatic glass railings, open concept layout and lighting accents that elevate every corner. The chef's kitchen boast a large eating island, ultra modern wall & ceiling lighting thr/o. A massive walk-in closet enough to support any shoe enthusiast, lots of storage, gas fireplace and a massive ceiling fan adds to its character. **Parking with attached Locker behind it, conveniently located ABOVE GROUND on the same floor as the unit (so no elevator needed for groceries!) Perfect for style forward couple or remote working professional who value and crave ample space, bright and a bold design statement with luxury in mind. Fully updated in 2025...Even brand new furnace & AC! Living The Loft Life! ***Note Realtor Only remarks***
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- W13114432
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Parklawn / Lakeshore
- Parking
- 1 garage (other)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,163/mo
- Exposure
- South
- Property tax
- $2,835 / 2025
- Days on market
- 72
- Listing brokerage
- EXP REALTY
Rooms
walk-in closet(s) · 4 pc ensuite · porcelain floor
pot lights · 3 pc ensuite · vinyl floor
3 Pc Bath
ceiling fan(s) · porcelain floor · window floor to ceiling
gas fireplace · porcelain floor · overlooks dining
4 pc bath · porcelain floor · glass doors
centre island · granite counters · hidden lights
hidden lights · vinyl floor
Listed at $899,999, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Mimico lately, sellers have been getting about 97% of asking and homes sell in about 37 days.
There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.
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 $594K, lower than the comparables and worth a second look.
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 $1.18M
- Bedrooms +$22K
- Adjusts to $1.20M
That comparable adjusts to $1.20M; the $875K 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 George R Gauld Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $875K, 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 21% below the area average of $872/sqft.
71 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.
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 $719,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,842
- Property tax
- $236
- Condo / maintenance fees
- $1,163
- Heating
- $0
- Estimated monthly cost
- $5,241
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,475
- Toronto municipal land transfer tax
- $14,475
- Estimated closing costs
- $28,950
Plus your down payment of $180,000. 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
- $230,531
- Principal paid down
- $91,692
- Interest paid
- $138,839
- Balance remaining
- $628,307
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 EXP REALTY. MLS®/PropTx.