4502-56 Annie Craig Drive, Toronto, ON
Mimico, Toronto · MLS® W13500942
About this home
Nestled along the shores of Lake Ontario, the Humber Bay Shores waterfront community is one of Toronto's most coveted neighbourhoods, celebrated for its breathtaking views of the downtown skyline, the historic Waterfront Trail, acclaimed dining, and close proximity to the Humber Marina.Welcome to this exquisitely upgraded 2+1 bedroom corner suite in the prestigious Lago residence, offering nearly 1,500 square feet of refined living space with panoramic lake views from every room. Wake each morning to stunning sunrises over the glistening water from the serene east-facing primary retreat. Both generously sized bedrooms feature beautifully appointed four-piece ensuites, creating an atmosphere of comfort and sophistication.Designed for both everyday living and elegant entertaining, the open-concept kitchen with elongated centre island inspires culinary creativity against a spectacular waterfront backdrop, while the living and dining areas are bathed in natural light through floor to ceiling windows with upgraded window coverings. A spacious enclosed den with both a window and door provides the ideal setting for a private office, guest space, or quiet retreat. Unit includes one underground parking and three lockers, perfect for down sizers or those who need ample storage. Residents of Lago enjoy an exceptional collection of hotel-like amenities, including an indoor pool, hot tub, sauna, fitness centre, party room, guest suites, theatre and stylish lounge.Perfectly situated with convenient access to downtown Toronto and the QEW, Humber Bay Shores continues to evolve as one of the city's most dynamic waterfront communities, with long-term plans tentatively including a future GO station to further enhance connectivity and growth.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- W13500942
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 1400-1599
- Cross streets
- Park Lawn and Lakeshore
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,264/mo
- Exposure
- South East
- Property tax
- $6,829 / 2025
- Days on market
- 24
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Rooms
w/o to balcony · 4 pc ensuite · walk-in closet(s)
w/o to balcony · 4 pc ensuite · closet
overlooks park · open concept
window · separate room · b/i bookcase
centre island · open concept
w/o to balcony · open concept · window floor to ceiling
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 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.
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 2% below the area average of $931/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mimico, Toronto, ON
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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 $1,100,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,870
- Property tax
- $569
- Condo / maintenance fees
- $1,264
- Heating
- $0
- Estimated monthly cost
- $7,703
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,975
- Toronto municipal land transfer tax
- $23,975
- Estimated closing costs
- $47,950
Plus your down payment of $275,000. 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
- $352,200
- Principal paid down
- $140,085
- Interest paid
- $212,115
- Balance remaining
- $959,915
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 ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE. MLS®/PropTx.