1103-58 Marine Parade Drive, Toronto, ON
Mimico, Toronto · MLS® W13583816
About this home
What a Unique Property! What Unforgettable Views! Enjoy breathtaking, unobstructed panoramic views of Lake Ontario and the Toronto skyline from this exceptional luxury Monarch waterfront residence. This spacious 2+1 bedroom suite can easily be used as a 3-bedroom home and features three walk-outs to a large balcony, offering spectacular views from multiple rooms.The open-concept living, dining, and kitchen area is perfect for both everyday living and entertaining. The newly renovated modern kitchen boasts a granite island, stainless steel appliances, and stylish finishes. Additional upgrades include new hardwood flooring and fresh designer paint, creating a bright, elegant, move-in-ready home.Enjoy resort-style amenities, 24-hour concierge service, and an unbeatable waterfront location just minutes from downtown Toronto, transit, parks, waterfront trails, shopping, restaurants, and major highways.A rare opportunity to enjoy a spectacular waterfront home with one of Toronto's most breathtaking lake and skyline views!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13583816
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1400-1599
- Cross streets
- Parklawn & Lakeshore
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Exposure
- South East
- Days on market
- 2
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · open concept
hardwood floor · open concept
hardwood floor · combined w/living
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · 4 pc bath · double closet
hardwood floor · combined w/dining
hardwood floor · french doors
Listed at $5,900/mo, this rental is within the range of a wider set of rentals, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
In Mimico lately, landlords have been getting about 99% of asking and homes lease in about 19 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 similar rentals nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths.
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, listed at $5,700/mo
- Bathrooms −$100/mo
- Adjusts to $5,600/mo
That comparable adjusts to $5,600/mo; the $5,523/mo estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are 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 $5,523/mo, median of 8 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- 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 5 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
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 $4,720 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $25
- Property tax
- $4
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $29
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30
- Toronto municipal land transfer tax
- $30
- Estimated closing costs
- $59
Plus your down payment of $1,180. 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
- $1,511
- Principal paid down
- $601
- Interest paid
- $910
- Balance remaining
- $4,119
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.