38 Algoma Street, Toronto, ON
Mimico, Toronto · MLS® W13133776
About this home
Beautiful,Four bedroom,Custom-built,Modern Architecture Designs with quality finishing. Open-concept layout,bright,modern kitchen designed for entertaining, featuring an oversized island,statement pendant lighting,S/S appliances. Walk Out through Floor to Ceiling Glassed,Sliding doors from Kitchen/Dinning area to an oversized deck overlooking a generous 34 x 125.5 ft lot with Stone Patio and a yard waiting for your personal touch. This home has an abundant Natural Light from the 2 Skylights, Living room,side and back windows. Hardwood flooring throughout,solid Wood Stairs W/Glass Railings and pot light on the wall for night vision. kitchen receives direct sun light from opening to above skylight. The spacious primary bedroom retreat features a 5-piece ensuite with double vanity,freestanding tub,custom shower, walk-in closet and Electric Fireplace.The upper level includes an additional 5-piece bathroom with double vanity.Generous size bedrooms and a conveniente laundry & sink area. The fully finished lower level has laminated floors,a recreation room/Gym, 4-piece bathroom,Electric Fireplace and side entrance. Excellent access to public transit, a 10 minute walk to Mimico Go Station, major highways,Toronto's Airports(Pearson and Billy Bishop) & quick access to downtown and some of the best entertainment venues including Exhibition Place Grounds, BMO Field, Rogers Centre, Scotiabank Arena. Short walk to The Bread Essentials & San Remo Bakery . Less than 10 minute drive to Major Grocery Stores (NoFrills, Costco and Longo's on The Queensway ).
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13133776
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000
- Lot
- 34 × 125.5 ft
- Cross streets
- Royal York Rd/ Evans
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,835 / 2025
- Days on market
- 69
- Listing brokerage
- SUTTON GROUP OLD MILL REALTY INC.
Rooms
hardwood floor · combined w/living · electric fireplace
hardwood floor · combined w/dining · open concept
hardwood floor · walk-in closet(s) · south view
ceramic floor · laundry sink
hardwood floor · combined w/kitchen · w/o to deck
hardwood floor · combined w/family · south view
laminate · electric fireplace · window
hardwood floor · window · south view
5 pc bath · walk-in closet(s) · electric fireplace
hardwood floor · closet · window
Listed at $1,699,000, and my independent estimate is right in line with comparable homes.
In Mimico lately, sellers get about 99% of asking; homes sell in ~21 days.
Total price vs nearby homes. Fair value about $1.60M, median of 51 comparables.
How this estimate is builtthe short version
I take the 51 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.84M, a bit higher.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
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.
Based on 51 comparable homes that recently sold nearby.
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 15% above the area average of $842/sqft.
68 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $1,359,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,253
- Property tax
- $653
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,906
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,455
- Toronto municipal land transfer tax
- $30,455
- Estimated closing costs
- $60,910
Plus your down payment of $339,800. 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
- $435,192
- Principal paid down
- $173,094
- Interest paid
- $262,097
- Balance remaining
- $1,186,106
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 OLD MILL REALTY INC.. MLS®/PropTx.