1502-88 Park Lawn Road, Toronto, ON
Mimico, Toronto · MLS® W13591952
About this home
Welcome to South Beach Condos, ideally situated in the highly sought-after Humber Bay Shores. This fabulous 1-bedroom, 1-bath suite offers 508 sq. ft. of thoughtfully designed living space plus a 60 sq. ft. balcony with breathtaking, unobstructed west views over the conservation lands. Enjoy a rare lifetime view and mesmerizing sunsets as the sky lights up directly from your private balcony each evening. Freshly painted and maintained in fantastic condition, this warm and inviting suite features a highly functional layout, abundant natural light, pot lights, a center island and sleek stainless steel, high-end European appliances. South Beach makes an unforgettable first impression with its private entrance, striking waterfall feature, elegant Carrara marble finishes and magnificent Murano chandeliers imported from Italy, creating one of Toronto's most lavish condominium lobbies. Residents enjoy exceptional five-star amenities, including a state-of-the-art fitness center, basketball and squash courts, indoor and outdoor pools, a newly renovated party room, a lounge with pool tables, an 18-seat theatre, two guest suites and ample visitor parking. 24/7 Concierge & Security services for your peace of mind. Perfectly situated in the heart of Humber Bay Shores, one of Toronto's most sought-after waterfront communities, you are steps to Metro, Sobeys, Shoppers Drug Mart, LCBO, cafés, restaurants, TTC, major highways, the seasonal farmer's market, waterfront trails and Mimico Cruising Club Marina. Take an evening stroll along the lake after dinner and enjoy everything this vibrant neighbourhood has to offer. Includes one parking space and one locker. A wonderful place to call home in a truly fabulous community.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13591952
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- PARK LAWN RD & LAKE SHORE BLVD W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Concrete
- Maintenance
- $499/mo
- Exposure
- West
- Property tax
- $2,195 / 2026
- Days on market
- 1
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
combined w/living · open concept · hardwood floor
sliding doors · closet · hardwood floor
stainless steel appl · pot lights · centre island
open concept · balcony · combined w/dining
Listed at $499,000, and my independent estimate is within the range of comparable homes, on the higher side.
In Mimico lately, sellers get about 96% of asking; homes sell in ~39 days.
Total price vs nearby homes. Fair value about $464K, median of 3 comparables.
How this estimate is builtthe short version
I take the 3 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 $465K, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
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 3 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 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 3% above the area average of $880/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 $399,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,130
- Property tax
- $183
- Condo / maintenance fees
- $499
- Heating
- $0
- Estimated monthly cost
- $2,812
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Toronto municipal land transfer tax
- $6,455
- Estimated closing costs
- $12,910
Plus your down payment of $99,800. 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
- $127,817
- Principal paid down
- $50,838
- Interest paid
- $76,979
- Balance remaining
- $348,362
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.