3506-16 Brookers Lane, Toronto, ON
Mimico, Toronto · MLS® W13669264
About this home
Rarely offered south-facing two-bedroom suite on the 35th floor of Nautilus at Waterview, featuring unobstructed panoramic views of Lake Ontario and the Toronto skyline. The open-concept living and dining area is framed by floor-to-ceiling windows and opens to two balconies offering approximately 368 sq. ft. of outdoor space-perfect for enjoying spectacular sunsets and lakeviews. The renovated chef's kitchen features stainless-steel appliances (2025), a large quartz-topped island, marble backsplash and pendant lighting. Replaced laminate flooring, 9-foot ceilings and abundant natural light enhance the suite's modern, airy feel. The desirable split-bedroom layout provides excellent privacy. The primary retreat offers a private ensuite, walk-in closet, and balcony access. The spacious second bedroom also includes a private walkout to the balcony. Concealed laundry includes a full-size stacked washer and dryer with additional storage. Includes two premium side-by-side parking spaces. Exceptional amenities include a gym, indoor pool, hot tub, sauna, movie theatre, outdoor terrace with BBQs and 24-hour concierge. Steps to the Martin Goodman Trail, waterfront bike paths, restaurants, cafés, shopping and LCBO. Convenient access to TTC, GO Transit, downtown Toronto, major highways and airports. An exceptional waterfront residence offering a luxurious resort-inspired lifestyle.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13669264
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Lakeshore/Park Lawn
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete
- Roof
- Flat
- Maintenance
- $1,072/mo
- Exposure
- South
- Property tax
- $4,985 / 2026
- Listing brokerage
- RE/MAX Escarpment Realty Inc., Brokerage
Rooms
Listed at $1,150,000, and my independent estimate is about 25% above what comparable homes suggest.
In Mimico lately, sellers get about 96% of asking; homes sell in ~38 days.
Total price vs nearby homes. Fair value about $921K, median of 9 comparables.
How this estimate is builtthe short version
I take the 9 most comparable recent listings 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 listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.12M, a bit higher.
What the listing highlights5 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- 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
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 9 comparable homes 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 16% above the area average of $901/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 4.04% via Ratehub.ca (as of August 13, 2026); conventional rates run a little higher.
Mortgage amount $920,000 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,935
- Property tax
- $415
- Condo / maintenance fees
- $1,072
- Heating
- $0
- Estimated monthly cost
- $6,422
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,475
- Toronto municipal land transfer tax
- $19,475
- Estimated closing costs
- $38,950
Plus your down payment of $230,000. 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
- $296,077
- Principal paid down
- $116,474
- Interest paid
- $179,602
- Balance remaining
- $803,526
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 Escarpment Realty Inc., Brokerage. MLS®/PropTx.