208-155 Legion Road, Toronto, ON

Mimico, Toronto · MLS® W13145670

$480,000
For Sale
Listed 64 days ago
Request a showing
◎ Directions
2Bedrooms
1Bathrooms
1Garage
600-699Sq Ft

About this home

Fabulous and bright 709 sqf 1 bedroom, Den and 1 full bathroom. Open concept kitchen with S/S Appliances, breakfast Island, quartz countertops and backsplash. Great for entertaining.Laminate flooring. Condo is located in the sought-after Mimico neighbourhood, known for its waterfront lifestyle and urban convenience, this residence is close to the lake, marina, parks, and scenic trails. Building amenities include an outdoor pool, sauna, rooftop terracewith BBQs, fitness centre, games room, and one parking space. Easy access to major highways including the QEW, 427, along with nearby shops, restaurants, and daily conveniences. Ideal for professionals, couples, and families looking to enjoy both city living and nature. Experience a lifestyle and make it a long-term dream home!

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13145670
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
600-699
Cross streets
Parklawn / Lakeshore
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$750/mo
Exposure
West
Property tax
$2,172 / 2025
Days on market
64
Listing brokerage
RIGHT AT HOME REALTY

Rooms

Living RoomMain4.57 × 4.57 m

w/o to balcony · combined w/dining · laminate

KitchenMain3.35 × 1.52 m

centre island · stainless steel appl · laminate

Dining RoomMain4.57 × 4.57 m

w/o to balcony · combined w/living · laminate

BathroomMain2.44 × 1.83 m

Ceramic Floor

Primary BedroomMain3.32 × 3.05 m

laminate · closet · w/o to balcony

DenMain2.54 × 2.69 m

Laminate

Moe’s TakeTeam Asgarian · Broker
Below comparables
$533Kest. value

Listed at $480,000, this home is about 10% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.

In Mimico lately, sellers have been getting about 96% of asking and homes sell in about 41 days.

Based on 78 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 78 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $438K, a bit lower.

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 $555K
  • Adjusts to $555K

That comparable adjusts to $555K; the $533K estimate above is the median of all 78 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.

List price
$480KGreat deal$611KOverpriced

Total price vs nearby homes. Fair value about $533K, median of 78 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
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Comparable listingsCurrently listed nearby in Mimico · asking prices
$502kavg asking

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

701-33 Shore Breeze Drive$490k510-56 Annie Craig Drive$465k2133-165 Legion Road$515k512-2212 Lake Shore Boulevard$519k5201-30 Shore Breeze Drive$520k

The 5 closest of 8 active listings nearby.

See all comparable homes
480kThis home490k465k515k519k520kThis home vs active comparables
Live market pulseActive comparables in Mimico · median list $590K
$739this home / sqft
50active listings nearby
64days on market
100sold nearby · 90 days
$604Kmedian sold price
96%of asking, on average

This home lists 16% below the area average of $882/sqft.

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

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

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.

Nearby neighbourhoods

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

Islington-City Centre West
$599K
Etobicoke West Mall
$565K
Waterfront Communities C1
$593K
Bay Street Corridor
$471K
Church-Yonge Corridor
$561K

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 George R Gauld Junior School
73%
George R Gauld Junior SchoolPublic · Elementary · 0.9 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$2,188/mo
$107KIncome needed
4.5×Price ÷ income
$505Weekly 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.

70%mortgage
Mortgage $2,188Property tax $181Condo fee $750Total carry $3,119

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 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,049per month

Mortgage amount $384,000 · 4.14% over 25 years

$96,000Down payment (20.0%)
$384,000Loan before insurance
$0CMHC premium
$2,980Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,049
Property tax
$181
Condo / maintenance fees
$750
Heating
$0
Estimated monthly cost
$2,980

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

One-time closing costs

Ontario land transfer tax
$6,075
Toronto municipal land transfer tax
$6,075
Estimated closing costs
$12,150

Plus your down payment of $96,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,489/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

$230,750Total interest paid
$614,750Total of all payments
Principal $384,000 Interest $230,750
YearPrincipalInterestBalance
1$8,996$15,594$375,004
2$9,372$15,218$365,632
3$9,764$14,826$355,868
4$10,173$14,417$345,696
5$10,598$13,992$335,098
6$11,041$13,549$324,056
7$11,503$13,087$312,553
8$11,984$12,606$300,569
9$12,486$12,104$288,083
10$13,008$11,582$275,075
11$13,552$11,038$261,523
12$14,119$10,471$247,405
13$14,709$9,881$232,695
14$15,325$9,265$217,370
15$15,966$8,624$201,405
16$16,633$7,957$184,771
17$17,329$7,261$167,442
18$18,054$6,536$149,388
19$18,809$5,781$130,579
20$19,596$4,994$110,983
21$20,416$4,174$90,567
22$21,270$3,320$69,297
23$22,159$2,431$47,138
24$23,086$1,504$24,052
25$24,052$538$0

At the end of your 5-year term

Total paid over the term
$122,950
Principal paid down
$48,902
Interest paid
$74,048
Balance remaining
$335,098

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.

Investor snapshot

Rental yield
Estimate$2,050/mo
$24,600Gross annual rent
2.1%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

5.1%
Gross yield
− Property tax $2,172− Condo fees $9,000− Insurance $600− Vacancy & upkeep $2,706Net operating income $10,122

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

CallRequest a showing