172 Royal York Road, Toronto, ON
Mimico, Toronto · MLS® W13417244
About this home
Welcome To An Extraordinary, Unique Offering In The Heart Of Mimico. This Fully Customized, Three-Storey Residence Has Been Masterfully Designed With The Future In Mind, Delivering Ultimate Versatility, And Outstanding Income Potential. This Versatile Property Can Function Beautifully As A Spacious Single-Family Home For Multi-Generational Living, An Owner-Occupied Investment Where Rental Income Helps Offset Your Mortgage, Or A Full Income Property With Three Self-Contained Units, Each Featuring Its Own Separate Entrance. Offering A 5+1 Bedroom And 6-Bathroom Layout, It Is The Perfect Match For Savvy Investors Or Families Seeking Space, Privacy, And Long-Term Value. Impeccably Constructed, The Home Showcases Energy-Efficient Spray Foam Insulation And Enhanced Soundproofing For Low Utility Costs And Exceptional Peace And Quiet. Premium Finishes Elevate Every Corner, Including Chic Pot Lighting, Custom Cabinetry, Spa-Inspired Ensuite Baths, Durable Luxury Vinyl Flooring, And Oversized Windows Flooding Each Level With Natural Light. The Main Residence Offers Exceptional Flexibility, Beginning With A First Level Featuring 9-Foot Ceilings, A Bedroom With A Private Entrance And Ensuite, And An Open-Concept Living Area With A Striking Quartz Waterfall Island. Upstairs, Well-Appointed Bedrooms Boast Their Own Ensuite Baths, Private Outdoor Spaces, And Thoughtful Layouts Tailored For Semi-Independent Living Or Premium Rental Income. Adding To The Appeal Is A Stylish, Loft-Style Living Area With Its Own Entrance, Allowing It To Remain Connected Or Be Fully Partitioned Off. Below, A Bright, Separate Lower-Level Suite Includes An Open-Concept Kitchen, Bedroom, Ensuite, And Private Laundry. Set On An Expansive Lot, The Property Accommodates Parking For Up To 8 Vehicles And Features A Detached Storage Shed. Best Of All, You Are Located Just Steps From Humber College, The Famous Sanremo Bakery, Waterfront Trails, Transit, The Go Station, And Major Highways.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- W13417244
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 6
- Size
- 2500-3000
- Lot
- 32.67 × 92 ft
- Cross streets
- Royal York & Lake Shore Blvd West
- Parking
- 8 parking
- Driveway
- Private Double
- Basement
- Apartment, Separate Entrance
- Kitchens
- 4 (3 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 45
- Listing brokerage
- RE/MAX REALTY ENTERPRISES INC.
Rooms
3 pc ensuite · w/o to balcony · pot lights
centre island · stainless steel appl · breakfast bar
3 pc ensuite · w/o to balcony · large closet
centre island · stainless steel appl · breakfast bar
3 pc ensuite · pot lights · window
stainless steel appl · eat-in kitchen · pot lights
3 pc ensuite · pot lights · large window
large window · pot lights · combined w/kitchen
spiral stairs · open concept · combined w/kitchen
3 pc ensuite · pot lights · window
3 pc ensuite · w/o to balcony · breakfast area
open concept · pot lights · combined w/dining
open concept · pot lights · window
Listed at $1,988,888, and my independent estimate is right in line with comparable homes.
In Mimico lately, sellers get about 97% of asking; homes sell in ~28 days.
Total price vs nearby homes. Fair value about $2.07M, median of 6 comparables.
How this estimate is builtthe short version
I take the 6 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is John English Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.
Based on 6 comparable homes that recently sold nearby.
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 $882/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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,591,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,491
- Property tax
- $1,243
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,734
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,253
- Toronto municipal land transfer tax
- $36,253
- Estimated closing costs
- $72,506
Plus your down payment of $397,778. 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
- $509,445
- Principal paid down
- $202,628
- Interest paid
- $306,817
- Balance remaining
- $1,388,482
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 REALTY ENTERPRISES INC.. MLS®/PropTx.