LPH2906-88 Park Lawn Road, Toronto, ON
Mimico, Toronto · MLS® W13517824
About this home
This stunning Lower Penthouse offers a large, functional 1330 sq ft layout plus a 120 sq ft balcony, with 2 bedrooms, 2 bathrooms, and a spacious den large enough to function as a third bedroom or home office. The open-concept living and dining area is bright and inviting, with southeast lake views, beautiful morning sunrises, and the calming energy of waterfront living. The chef-inspired kitchen features built-in stainless steel appliances and flows seamlessly into the main living space. The primary bedroom offers a 5-piece ensuite, while the second 4-piece bathroom is ideal for guests. This exceptional suite also includes a private full TWO-CAR GARAGE with remote door opener and EV-ready car charging rough-in. Located within the luxurious South Beach Condos, inspired by the glamour of South Beach Miami, the residence continues to impress from the moment you arrive. A striking outdoor waterfall centerpiece sets the tone, followed by a lavish Carrera marble lobby with soaring ceilings and stunning Murano chandeliers imported from Italy. Residents enjoy resort-style amenities including state-of-the-art fitness facilities, indoor and outdoor pools, hot tubs, saunas, steam rooms, party room, library lounge with pool tables, 18-seat theatre, business center, basketball and squash courts, guest suites, ample visitor parking, and 24/7 concierge and security. Live in the heart of Humber Bay Shores, steps from waterfront trails, the marina, cafes, restaurants, grocery stores, Mimico Cruising Club, seasonal farmer's market, TTC, and major highways. Start your mornings by the lake, enjoy dinner at a local restaurant, or take an evening stroll along the waterfront. This is Humber Bay Shores living at its finest. Don't miss this rare opportunity to own a spacious Lower Penthouse with lake views, exceptional amenities, and a private two-car garage in one of the waterfront's most desirable communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13517824
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- LAKE SHORE BLVD W & PARK LAWN RD
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Concrete
- Maintenance
- $1,246/mo
- Exposure
- South East
- Property tax
- $5,156 / 2026
- Days on market
- 20
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
5 pc ensuite · walk-in closet(s) · hardwood floor
closet · window floor to ceiling · hardwood floor
centre island · b/i appliances · pot lights
separate room · hardwood floor
combined w/dining · window floor to ceiling · open concept
w/o to balcony · combined w/living · open concept
Listed at $1,099,000, and my independent estimate is about 19% above what comparable homes suggest.
In Mimico lately, sellers get about 96% of asking; homes sell in ~39 days.
Total price vs nearby homes. Fair value about $920K, median of 12 comparables.
How this estimate is builtthe short version
I take the 12 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 $1.13M, higher than the comparables and worth a second look.
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
- Primary suite: a key comfort and resale feature. Lifestyle
- 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($846/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 12 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 4 closest active listings nearby.
See all comparable homesThis home lists 3% below the area average of $871/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 23, 2026); conventional rates run a little higher.
Mortgage amount $879,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,692
- Property tax
- $430
- Condo / maintenance fees
- $1,246
- Heating
- $0
- Estimated monthly cost
- $6,367
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,455
- Toronto municipal land transfer tax
- $18,455
- Estimated closing costs
- $36,910
Plus your down payment of $219,800. 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
- $281,504
- Principal paid down
- $111,966
- Interest paid
- $169,538
- Balance remaining
- $767,234
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 PROFESSIONALS INC.. MLS®/PropTx.