1407-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13542118
About this home
Welcome to Suite 1407, a stunning 2-bedroom, 2-bathroom condo offering 1,500 square feet of beautifully finished living space in the heart of Mimico. Known for its state-of-the-art amenities, iconic views, and spacious layouts, this is not your typical condo. From valet parking to an on-site convenience store, salon, and dry cleaning, this building offers an exceptional level of comfort and convenience. Inside, the living space is truly remarkable. Floor-to-ceiling windows run throughout the suite, filling the home with gorgeous natural light and showcasing sweeping city and lake views. The living and dining areas are ideal for hosting, with generous space to gather, lounge, dine, and take in the stunning backdrop. Custom millwork, coffered ceilings, and herringbone floors reflect a level of craftsmanship where no detail has been overlooked and no expense has been spared. Luxury finishes throughout add a polished, elevated feel, while the layout remains comfortable and easy to live in. Both bedrooms are spacious, with the primary suite offering a private retreat within the home. The suite also comes complete with two parking spots and a locker. Set in the vibrant Mimico waterfront community, you are surrounded by lakefront trails, parks, cafés, restaurants, transit, and easy access to downtown Toronto. For added convenience, residents can enjoy a private shuttle to Union Station and other local destinations.Maintenance fees include all utilities, internet, a comprehensive cable package with HBO and Crave, along with the building's expansive list of amenities and luxuries. This is a standout opportunity for anyone looking for space, style, views, and convenience in one of Toronto's most loved west-end neighbourhoods.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13542118
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1400-1599
- Cross streets
- Lakeshore/Parklawn
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Water
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,057/mo
- Exposure
- North West
- Property tax
- $3,591 / 2026
- Days on market
- 13
- Listing brokerage
- HOMEWISE REAL ESTATE
Listed at $1,350,000, this home is about 24% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($900/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In Mimico lately, sellers have been getting about 96% of asking and homes sell in about 37 days.
Based on 18 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 18 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $823K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $1.20M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $1.16M
That comparable adjusts to $1.16M; the $1.09M estimate above is the median of all 18 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
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.
Total price vs nearby homes. Fair value about $1.09M, median of 18 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 0% above the area average of $896/sqft.
12 days longer than the Toronto average (1 days).
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 22, 2026); conventional rates run a little higher.
Mortgage amount $1,080,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,763
- Property tax
- $299
- Condo / maintenance fees
- $2,057
- Heating
- $0
- Estimated monthly cost
- $8,120
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,475
- Toronto municipal land transfer tax
- $23,475
- Estimated closing costs
- $46,950
Plus your down payment of $270,000. 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
- $345,797
- Principal paid down
- $137,538
- Interest paid
- $208,259
- Balance remaining
- $942,462
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 HOMEWISE REAL ESTATE. MLS®/PropTx.