1203-58 Marine Parade Drive, Toronto, ON
Mimico, Toronto · MLS® W13212184
About this home
A Rare High Level Lakefront Residence Defined By Scale, View & True Scarcity. Truly One Of A Kind, Owned By The Original Owner! This 2+1 Lakeview Condo Offers 1,549 Sf. Of Interior Living Space Plus A 201 St. Oversized Balcony, Directly Facing Lake Ontario With Unobstructed 180 Views Of The Water & Downtown Skyline! Open Concept Floor Plan, The Suite Delivers A Sense Of Openness And Volume Rarely Found In Condominium Living. One Of Only A Limited Number Of Homes In The Building To Combine Full Lakefront Exposure, Elevated Ceiling Height, And A True Large-Format Layout, This Penthouse Feel Residence Represents A Level Of Rarity That Is Increasingly Difficult To Replicate. Comparable 03 Units On This Side Of The Building Have Not Traded In The Last 5 Years! Floor-To-Ceiling Windows Wrap The Living And Dining Areas, Flooding The Home With Natural Light And Framing Spectacular Sunrises And Sunsets Over The Lake. The Open-Concept Layout Is Ideal For Both Everyday Living And Elegant Entertaining. The Home Features 2 Generous Bedrooms Plus A Large Den, Suitable As A Home Office Additional Bedroom, Or Converted Into A Dream Walk In Closet! The Primary Suite Includes A Walk-In Closet & A Spa-Inspired Ensuite With Double Vanities, Soaker Tub & Separate Shower. Step Outside To The Expansive Balcony, An Extension Of The Living Space, Overlooking The Lake, Parkland & Waterfront Trails. Residents Enjoy Resort-Style Amenities, Including 24-Hour Concierge, Indoor Pool, Hot Tub, Sauna, Fitness Centre, Party And Theatre Rooms, Guest Suites, Car Wash, And Visitor Parking. Located Directly On The Humber Bay Waterfront, Steps To Parks, Beaches, Trails, Yacht Clubs, Cafés, Dining, And Everyday Conveniences, With Easy Access To TTC, Major Highways, Both Airports, And Approximately 20 Minutes To Downtown Toronto. A Waterfront Lifestyle Offering Space, Presence, And Long-Term Value, Rarely Available, And Not Easily Replaced. Don't Miss It!
Key facts
- Property type
- Condo Apartment, Multi-Level
- MLS®
- W13212184
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1400-1599
- Cross streets
- Lake Shore/ Parklawn
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,757/mo
- Exposure
- South East
- Property tax
- $6,696 / 2025
- Days on market
- 56
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
hardwood floor · sliding doors · w/o to balcony
hardwood floor · open concept · south view
hardwood floor · separate room · double doors
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · open concept · south view
hardwood floor · granite counters · open concept
marble floor · closet
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 Étienne Brûlé Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
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 21% above the area average of $880/sqft.
On the market now.
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 $1,279,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,826
- Property tax
- $558
- Condo / maintenance fees
- $1,757
- Heating
- $0
- Estimated monthly cost
- $9,141
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,455
- Toronto municipal land transfer tax
- $28,455
- Estimated closing costs
- $56,910
Plus your down payment of $319,800. 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
- $409,577
- Principal paid down
- $162,906
- Interest paid
- $246,671
- Balance remaining
- $1,116,294
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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.