3104-2240 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13596086
About this home
Wake up to breathtaking panoramic views from the expansive wrap-around balcony, where the Toronto skyline sparkles to the east and the Niagara Escarpment stretches across the western horizon. Overlooking Lake Ontario, you'll enjoy front-row seats to sailboats gliding by and the spectacular Toronto Air Show. In the warmer months, extend your living space by 220 sq feet by opening the balcony doors to seamlessly blend indoor and outdoor living, creating an airy space that feels twice as large.Thoughtfully designed, the split-bedroom layout offers exceptional privacy, with the bedrooms separated by a central hallway. The spacious primary suite features a walk-in closet and a private ensuite, while the open-concept kitchen flows effortlessly into the living and dining areas. A generous island with breakfast bar seating makes the perfect gathering place for entertaining or casual meals. A full-size, newer LG washer and dryer (an uncommon luxury in condominium living) adds everyday convenience. Resort-style amenities elevate your lifestyle with an indoor pool, fitness centre, stylish lounge, party room, and games room. The suite also includes owned parking and a locker, along with ample visitor parking for family and friends. Perfectly positioned just moments from the Gardiner Expressway while steps from the waterfront, this exceptional location offers the best of both convenience and nature. Scenic lakeside trails begin right outside your door, inviting morning jogs, evening strolls, and year-round enjoyment of Toronto's beautiful waterfront.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13596086
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- Lakeshore Blvd W/Park Lawn Rd
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Metal/Steel Siding
- Maintenance
- $906/mo
- Exposure
- South West
- Property tax
- $3,250 / 2025
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
3 Pc Ensuite
Closet
closet · broadloom · window
3 pc ensuite · walk-in closet(s) · broadloom
3 Pc Bath
combined w/living · w/o to balcony · indirect lights
Listed at $649,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Mimico lately, sellers have been getting about 96% of asking and homes sell in about 41 days.
Based on 80 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 80 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $664K, a close match.
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 $750K
- Adjusts to $750K
That comparable adjusts to $750K; the $679K estimate above is the median of all 80 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 John English Junior Middle 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 $679K, median of 80 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
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 21% below the area average of $862/sqft.
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 $519,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,771
- Property tax
- $271
- Condo / maintenance fees
- $906
- Heating
- $0
- Estimated monthly cost
- $3,947
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,455
- Toronto municipal land transfer tax
- $9,455
- Estimated closing costs
- $18,910
Plus your down payment of $129,800. 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
- $166,239
- Principal paid down
- $66,120
- Interest paid
- $100,118
- Balance remaining
- $453,080
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 RIGHT AT HOME REALTY. MLS®/PropTx.