16 Nautical Lane, Toronto, ON
Mimico, Toronto · MLS® W13151690
About this home
RARELY AVAILABLE WATER VIEW executive townhome tucked inside an intimate gated enclave of just 8 residences. Designed for sophisticated, low-maintenance living, this beautifully upgraded home blends privacy, elegance, and effortless functionality in one of Toronto's most connected locations. Enjoy over 2,750 sq. ft. of refined living space featuring soaring ceilings, rich hardwood floors, designer lighting, and expansive windows that frame tranquil water views and flood the home with natural light. The open-concept main level is ideal for entertaining, with seamless flow between the chef-inspired kitchen, dining area, and stunning living room anchored by a gas fireplace. The upper level offers a luxurious primary retreat complete with water views, a spa-inspired ensuite, and generous walk-in closets. Multiple outdoor spaces including a private balcony and patio create the perfect setting for morning coffee or evening wine overlooking the water. Thoughtfully updated throughout with premium finishes and smart conveniences including a Murphy bed, built-ins, upgraded insulation, modern HVAC systems, and ample storage. Direct access garage parking and executive-gated security add comfort and peace of mind A rare opportunity to enjoy turnkey luxury living close to Toronto's best dining, shopping, waterfront trails, and vibrant city amenities. Upgrades include; Roof and Insulation(2020),Furnace(2020),AC(2020),HWT(2021),Hardwood Floors and stairs, Vinyl(lower)(2020),Electrical, Pot Lights(2020),Bathroom(2021), Paint, Wallpaper(2021),Closet Organizers(2021), Main Floor Door Systems and Front Door (2023/24). Its time to make this your home!
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- W13151690
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2750-2999
- Cross streets
- Sand Beach/Lakeshore
- Parking
- 2 garage · 4 parking (attached)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Maintenance
- $600/mo
- Exposure
- East
- Property tax
- $7,797 / 2025
- Days on market
- 58
- Listing brokerage
- SUTTON GROUP ELITE REALTY INC.
Rooms
hardwood floor · combined w/living · b/i appliances
hardwood floor · w/o to balcony · overlook water
hardwood floor · w/o to deck
vinyl floor · gas fireplace · w/o to patio
hardwood floor · gas fireplace · overlook water
hardwood floor · double closet
vinyl floor · w/o to garage
vinyl floor · 3 pc bath
hardwood floor · double closet · overlook water
hardwood floor · 5 pc ensuite · walk-in closet(s)
Listed at $1,998,000, this home is tracking about 17% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.88M, 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, listed at $1.05M
- Size difference +$617K
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $1.71M
That comparable adjusts to $1.71M; the $2.41M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Seventh Street 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Lake Shore Blvd West at First St is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.41M, median of 8 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Worth verifying
- 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 18% below the area average of $846/sqft.
55 days longer than the Toronto average (3 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
WalkableA 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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Lake Shore Blvd West at First St, about 128 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
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,598,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,530
- Property tax
- $650
- Condo / maintenance fees
- $600
- Heating
- $0
- Estimated monthly cost
- $9,779
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,435
- Toronto municipal land transfer tax
- $36,435
- Estimated closing costs
- $72,870
Plus your down payment of $399,600. 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
- $511,779
- Principal paid down
- $203,557
- Interest paid
- $308,223
- Balance remaining
- $1,394,843
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 ELITE REALTY INC.. MLS®/PropTx.