Lower-5B Old Mill Drive, Toronto, ON
Lambton Baby Point, Toronto · MLS® W13228668
About this home
Welcome to 5B Old Mill Drive, a bright and updated one bedroom lower-level apartment in the heart of Bloor West Village and Old Mill. This well-maintained suite offers a functional layout, modern finishes and an exceptional location steps to transit, parks and everyday amenities. Spacious living and dining area with wood-look vinyl flooring throughout. Updated kitchen featuring white shaker-style cabinetry, quartz countertops, under-mount sink and stainless steel appliances. Good-sized bedroom with closet and updated four piece bathroom. Convenient on-site shared laundry facilities. Located steps to Bloor West Village shops, restaurants, cafes, The Old Mill, Humber River trails and surrounding parkland including Etienne Brule Park. Walking distance to Jane Subway Station and near High Park, the waterfront and Lake Ontario. Easy access to the Gardiner Expressway and downtown Toronto. Walk Score of 95! A fantastic opportunity to lease a bright and well-located apartment in one of Toronto's most walkable west-end neighbourhoods. Available August 1, 2026.
Key facts
- Property type
- Detached, Apartment
- MLS®
- W13228668
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700 sq ft
- Cross streets
- Old Mill Drive/Bloor Street W
- Parking
- 0 parking
- Driveway
- None
- Basement
- Apartment
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 50
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
closet · above grade window · ceiling fan(s)
stainless steel appl · quartz counter · renovated
above grade window · track lighting · vinyl floor
open concept · above grade window · ceiling fan(s)
Listed at $1,700/mo, this rental is about 17% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Lambton Baby Point lately, landlords have been getting about 99% of asking and homes lease in about 25 days.
There were not many closely comparable homes right in Lambton Baby Point, so I widened the search to the surrounding area.
Based on 36 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 36 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, leased for $2,400/mo
- Bedrooms −$150/mo
- Adjusts to $2,250/mo
That comparable adjusts to $2,250/mo; the $2,050/mo estimate above is the median of all 36 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
On schools, this address is zoned for Humberside Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Total price vs nearby homes. Fair value about $2,050/mo, median of 36 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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 homes49 days longer than the Toronto average (1 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Lambton Baby Point, 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
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 $1,360 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9
- Toronto municipal land transfer tax
- $9
- Estimated closing costs
- $17
Plus your down payment of $340. 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
- Principal paid down
- $173
- Interest paid
- $262
- Balance remaining
- $1,187
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS®/PropTx.