58 Manitoba Street, Toronto, ON
Mimico, Toronto · MLS® W13416134
About this home
Custom-designed contemporary family home offering over 3,000 sq. ft. of finished living space on a coveted 40-ft lot in the heart of Mimico. Thoughtfully designed by Avenue Design, this turnkey home combines modern luxury with exceptional functionality.The open-concept main floor is ideal for entertaining, featuring a chef's kitchen with a 9-ft Caesarstone island, integrated appliances, Wolf cooktop, designer lighting, and a custom entertainment wall. Upstairs offers 9-ft ceilings, hardwood floors, spacious bedrooms, and a luxurious primary suite with walk-in closet and spa-inspired ensuite with heated floors and premium Brizo fixtures. A second bedroom also features its own private ensuite.The finished lower level with separate entrance includes heated floors, a bedroom, full bath, laundry, abundant storage, and a 10-ft bar island with sink and wine fridge-perfect for guests, extended family, or a recreation space.Oversized sliding doors open to a spectacular three-season outdoor living area featuring a custom Lousol aluminum louvered pergola with motorized louvers and remote-controlled blinds. Fully fenced backyard. Additional highlights include a centralized AV system with five Sonos zones, integrated ceiling speakers, outdoor audio, security system with perimeter cameras, single-car garage, and parking for up to six vehicles in the driveway.Located on a quiet, tree-lined street steps to Grand Avenue Park, top-rated schools, waterfront trails, SanRemo Bakery, Costco, and Royal York shops and restaurants. Walk to Mimico GO Station with direct service to Union Station in approximately 15 minutes. Quick access to the Gardiner, QEW, and Hwy 427.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13416134
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 40.5 × 125.5 ft
- Cross streets
- Royal York/ Gardiner Expy
- Parking
- 1 garage · 7 parking (detached)
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $7,744 / 2025
- Days on market
- 40
- Listing brokerage
- RE/MAX URBAN TORONTO TEAM REALTY INC.
Rooms
5 pc ensuite · broadloom · large window
5 pc bath · walk-in closet(s) · broadloom
Broadloom
hardwood floor · open concept · large window
centre island · b/i appliances · hardwood floor
wet bar · broadloom
hardwood floor · large window · open concept
hardwood floor · large window · large closet
Listed at $1,999,900, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.94M, a close match.
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 $1.85M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $1.80M
That comparable adjusts to $1.80M; the $1.80M estimate above is the median of all 9 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 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.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.80M, median of 9 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Heated floors: comfort and a premium-finish signal.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 5% above the area average of $845/sqft.
38 days longer than the Toronto average (2 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
Car-DependentA 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.
Almost all errands require a car.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $1,599,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,538
- Property tax
- $645
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,183
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,473
- Toronto municipal land transfer tax
- $36,473
- Estimated closing costs
- $72,946
Plus your down payment of $399,980. 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
- $512,266
- Principal paid down
- $203,750
- Interest paid
- $308,516
- Balance remaining
- $1,396,170
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 RE/MAX URBAN TORONTO TEAM REALTY INC.. MLS®/PropTx.