1502-39 Annie Craig Drive, Toronto, ON

Mimico, Toronto · MLS® W13505758

$559,000
For Sale
Listed 23 days ago
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2Bedrooms
1Bathrooms
1Garage
500-599Sq Ft

About this home

Welcome to unit 1502 at 39 Annie Craig Drive, a thoughtfully maintained one-bedroom plus den home available for sale. Owned and meticulously cared for by the original owner, this home reflects a genuine pride of ownership that is immediately apparent from the moment you walk through the door. The layout has been designed to make the most of every square foot. The open-concept living and dining area creates an inviting central space. Large windows bring in plenty of natural light throughout the day, while the south-west exposure provides an amazing backdrop as the sun moves across the sky. Looking out to your left from the spacious balcony, you'll even catch views of Lake Ontario. One of the standout features of this unit is its oversized balcony. Rather than limiting access to a single room, the balcony can be reached through two separate sliding doors-one from the living room and another from the bedroom.Inside, the kitchen is equipped with stainless steel appliances and overlooks the main living area. The bedroom is generously sized and offers direct access to the balcony, making it easy to enjoy the views from the moment you wake up or wind down in the evening. The separate den adds valuable flexibility and can easily function as a dedicated home office, reading room, study space, or hobby area depending on your lifestyle. There is one owned parking spot and one owned locker, providing secure storage for seasonal items, sports equipment, or extra belongings while ensuring convenient parking year-round. You'll also enjoy access to an excellent collection of building amenities like a fully equipped gym, visitor parking, concierge service, and take advantage of the bike room for easy storage after exploring Toronto's waterfront trails.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13505758
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
500-599
Cross streets
Park Lawn Road & Lake Shore Boulevard West
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete, Metal/Steel Siding
Maintenance
$504/mo
Exposure
South West
Property tax
$2,594 / 2026
Days on market
23
Listing brokerage
SHORELINE REALTY CORP.

Rooms

DenFlat2.34 × 1.73 m
KitchenFlat3.66 × 3.52 m
Primary BedroomFlat2.99 × 2.97 m
Living RoomFlat2.90 × 3.98 m
BathroomFlat2.34 × 1.70 m
Our TakeTeam Asgarian · Broker
Above comparables
$535Kest. value

Listed at $559,000, and my independent estimate is about 4% above what comparable homes suggest.

In Mimico lately, sellers get about 96% of asking; homes sell in ~40 days.

List price
$535KGreat deal$559KOverpriced

Total price vs nearby homes. Fair value about $535K, median of 4 comparables.

How this estimate is builtthe short version

I take the 4 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 $558K, a close match.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Open-concept layout: modern, sought-after flow. Lifestyle
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.

Based on 4 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby in Mimico · asking prices
$581kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

801-56 Annie Craig Drive$600k1601-15 Legion Road$548k3204-56 Annie Craig Drive$588k3502-59 Annie Craig Drive$650k5201-30 Shore Breeze Drive$520k

The 5 closest of 8 active listings nearby.

See all comparable homes
559kThis home600k548k588k650k520kThis home vs active comparables
Live market pulseActive comparables in Mimico · median list $539K
$1,017this home / sqft
40active listings nearby
23days on market
100sold nearby · 90 days
$618Kmedian sold price
96%of asking, on average

This home lists 16% above the area average of $878/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Mimico, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Niagara
$550K
Waterfront Communities C1
$578K
Bay Street Corridor
$638K
Church-Yonge Corridor
$611K
Moss Park
$894K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Étienne Brûlé Junior School
79%
Étienne Brûlé Junior SchoolPublic · Elementary · 1.4 km awayAbove the GTA average · 79% meet the provincial standard

Affordability & Mortgage

Affordability
$2,548/mo
$117KIncome needed
4.8×Price ÷ income
$588Weekly cost
20% down4.79%25-yr amortization

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.

78%mortgage
Mortgage $2,548Property tax $216Condo fee $504Total carry $3,268

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,386per month

Mortgage amount $447,200 · 4.14% over 25 years

$111,800Down payment (20.0%)
$447,200Loan before insurance
$0CMHC premium
$3,107Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,386
Property tax
$216
Condo / maintenance fees
$504
Heating
$0
Estimated monthly cost
$3,107

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,655
Toronto municipal land transfer tax
$7,655
Estimated closing costs
$15,310

Plus your down payment of $111,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,899/monthPayment at the qualifying rate

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

$268,728Total interest paid
$715,928Total of all payments
Principal $447,200 Interest $268,728
YearPrincipalInterestBalance
1$10,476$18,161$436,724
2$10,915$17,723$425,809
3$11,371$17,266$414,438
4$11,847$16,790$402,591
5$12,342$16,295$390,249
6$12,859$15,779$377,390
7$13,396$15,241$363,994
8$13,957$14,680$350,037
9$14,541$14,097$335,497
10$15,149$13,488$320,348
11$15,782$12,855$304,566
12$16,443$12,195$288,123
13$17,130$11,507$270,993
14$17,847$10,790$253,146
15$18,593$10,044$234,553
16$19,371$9,266$215,182
17$20,181$8,456$195,000
18$21,025$7,612$173,975
19$21,905$6,732$152,070
20$22,821$5,816$129,249
21$23,776$4,861$105,473
22$24,770$3,867$80,703
23$25,806$2,831$54,896
24$26,886$1,751$28,010
25$28,010$627$0

At the end of your 5-year term

Total paid over the term
$143,186
Principal paid down
$56,951
Interest paid
$86,234
Balance remaining
$390,249

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.

Let's connect

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

Rental yield
Estimate$1,700/mo
$20,400Gross annual rent
1.6%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.6%
Gross yield
− Property tax $2,594− Condo fees $6,046− Insurance $600− Vacancy & upkeep $2,244Net operating income $8,916

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SHORELINE REALTY CORP.. MLS®/PropTx.

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