98 Hay Avenue, Toronto, ON
Mimico, Toronto · MLS® W13683762
About this home
TOP-TO-BOTTOM RENOVATED DETACHED BUNGALOW IN MIMICO98 Hay Ave | Toronto, ON M8Z 1G4Offered at $1,280,000Welcome to The stunning 98 Hay Ave, an inviting detached bungalow in the heart of Mimico, offering the perfect blend of modern comfort, thoughtful updates, and future potential.Beautifully renovated from top to bottom, this home features 3+2 bedrooms, 2 bathrooms, a separate basement entrance, and a detached garage, making it an excellent opportunity for families, multi-generational living, or buyers seeking flexibility.Set on an impressive 32.54 158.44 ft lot, the property offers an exceptional combination of indoor space, outdoor potential, and a highly desirable Toronto location. Property HighlightsTop-to-bottom renovatedDetached bungalow3+2 spacious bedrooms2 bathroomsSeparate basement entranceDetached garageGenerous 32.54 158.44 ft lotBright, inviting living spacesExcellent opportunity for families and investorsPrime Mimico location near parks, schools, transit, shopping, major highways & Lake OntarioA beautifully updated home, a remarkable lot, and a location that continues to attract discerning buyers.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13683762
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 32.54 × 158.44 ft
- Cross streets
- Hay Ave & Royal York Rd
- Parking
- 1 garage · 5 parking (detached)
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,118 / 2026
- Listing brokerage
- RD&CO. REALTY INC
Rooms
hardwood floor · closet
Laminate
hardwood floor · closet
Laminate
hardwood floor · pot lights · combined w/den
hardwood floor · double closet
laminate · granite counters
hardwood floor · pot lights · combined w/living
granite counters · stainless steel appl · hardwood floor
Listed at $1,280,000, and my independent estimate is about 16% above what comparable homes suggest.
In Mimico lately, sellers get about 100% of asking; homes sell in ~18 days.
Total price vs nearby homes. Fair value about $1.11M, median of 41 comparables.
How this estimate is builtthe short version
I take the 41 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 $1.10M, a close match.
What the listing highlights1 point 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
Schools & getting aroundcatchment and transit
The assigned public school is George R Gauld Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Carnarvon Avenue is about a 2-minute walk away.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.
Based on 41 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 6 active listings nearby.
See all comparable homesPrice 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.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from OpenStreetMap contributors.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Carnarvon Avenue, about 196 m away
Within a 15-minute (1.5 km) walk.
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 4.09% via Ratehub.ca (as of August 17, 2026); conventional rates run a little higher.
Mortgage amount $1,024,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,520
- Property tax
- $427
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,947
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,075
- Toronto municipal land transfer tax
- $22,075
- Estimated closing costs
- $44,150
Plus your down payment of $256,000. 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
- $331,230
- Principal paid down
- $128,878
- Interest paid
- $202,352
- Balance remaining
- $895,122
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 RD&CO. REALTY INC. MLS®/PropTx.