2703 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13194038
About this home
Your Private Waterfront Oasis in the Heart of Toronto. Experience the rare pleasure of a Muskoka lifestyle without the gruelling commute. This magnificent Mimico waterfront residence offers the crown jewel of urban living: your very own private beach. Spend your summers on a pristine, three-year-old deck, soaking in breathtaking, unobstructed views of Lake Ontario that make "driving to the cottage" a thing of the past.This property is a versatile gem brimming with potential. Whether you choose to move in and revitalize the existing charm with your personal touch, secure a high-demand rental, or clear the canvas to build your custom architectural masterpiece, the value of this lakeside lot is unmatched. The home is offering a golden opportunity for visionaries to claim one of Toronto's most coveted shorelines.The location perfectly balances tranquility with urban energy. You are steps away from vibrant parks, tennis courts, and local marinas, with Mimico's best shops and dining right around the corner. With downtown Toronto just a short drive away, you can enjoy the peace of the waterfront and the pulse of the city in the same afternoon.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13194038
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 30 × 179.8 ft
- Cross streets
- West of Royal York Rd & South side of Lake Shore Bl W
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Concrete, Brick
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $9,358 / 2026
- Days on market
- 56
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe 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.
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.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 homes55 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mimico, Toronto, ON
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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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,880,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,032
- Property tax
- $780
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,812
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $45,225
- Toronto municipal land transfer tax
- $45,225
- Estimated closing costs
- $90,450
Plus your down payment of $470,000. 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
- $601,943
- Principal paid down
- $239,418
- Interest paid
- $362,524
- Balance remaining
- $1,640,582
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.