330-58 Marine Parade Drive, Toronto, ON
Mimico, Toronto · MLS® W13464978
About this home
Experience the best of Toronto's waterfront lifestyle at 58 Marine Parade Drive. This beautifully refreshed 1-bedroom, 1-bathroom residence offers an exceptional combination of indoor comfort and outdoor living, highlighted by a rare 224 sq. ft. private terrace that dramatically expands your living space beyond the walls of the home. Inside, you'll find 603 sq. ft. of bright, functional living space feat a large bedrm with a w closet, soaring ceilings, brand-new flring, fresh paint throughout, and an open-concept design that feels both spacious and inviting. Lrg windows flood the unit with natural light, creating a warm and welcoming atmosphere from the moment you step inside. The terrace is truly the starof the show. Whether you're hosting friends for dinner, enjoying a quiet morning coffee, creating your own urban garden, or simply soaking up the fresh lakefront air, this outdoor oasis offers endless possibilities and a lifestyle rarely available in condominium living.Situated in one of Humber Bay Shores' most desirable waterfront communities, you'll enjoy being just steps from Lake Ontario, Trail, parks, marinas, and endless walking and cycling paths. The neighbourhood is known for its vibrant mix of cafés, restaurants, and local conveniences all within walking distance. Residents enjoy access to an impressive suite of amenities, including a 24-hour concierge, indoor pool, hot tub, saunas, fitness centre, theatre room, sports lounge, business centre, library, party room, guest suites, visitor parking, and car wash bay. With easy access to downtown Toronto, TTC, GO Transit, and the Gardiner Expressway, this location offers the perfect balance of urban accessibility and waterfront serenity. Whether you're purchasing your first home, seeking a stylish city retreat, or looking to downsize without compromise, this move-in-ready residence presents an opportunity to enjoy one of Toronto's most sought-after lakefront lifestyles.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- W13464978
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Lakeshore Blvd W & Park Lawn Rd
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $788/mo
- Exposure
- North East
- Property tax
- $2,368 / 2026
- Days on market
- 35
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
walk-in closet(s) · laminate · w/o to balcony
laminate · combined w/living · open concept
laminate · open concept
laminate · combined w/dining · w/o to balcony
Listed at $519,900, and my independent estimate is about 2% above what comparable homes suggest.
In Mimico lately, sellers get about 96% of asking; homes sell in ~40 days.
Total price vs nearby homes. Fair value about $512K, median of 5 comparables.
How this estimate is builtthe short version
I take the 5 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, and the city (MPAC) assessment points to about $466K, a close match.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
The 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($800/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 5 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 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 13% below the area average of $918/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
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 $415,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,220
- Property tax
- $197
- Condo / maintenance fees
- $788
- Heating
- $0
- Estimated monthly cost
- $3,205
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,873
- Toronto municipal land transfer tax
- $6,873
- Estimated closing costs
- $13,746
Plus your down payment of $103,980. 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
- $133,170
- Principal paid down
- $52,968
- Interest paid
- $80,203
- Balance remaining
- $362,952
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 ESCARPMENT REALTY INC.. MLS®/PropTx.