3301-16 Brookers Lane, Toronto, ON
Mimico, Toronto · MLS® W13721824
About this home
In short
- Perched on the 33rd floor of the sought-after Nautilus at 16 Brookers Lane, this bright and beautifully designed two-bedroom residence offers a front-row seat to some...
- Floor-to-ceiling windows fill the open-concept living and dining areas with natural light, creating an inviting space to relax or entertain against a backdrop of Lake...
- The spacious primary bedroom features a large walk-in closet and a private 3-piece ensuite, while the generously sized second bedroom is ideally positioned on the...
Perched on the 33rd floor of the sought-after Nautilus at 16 Brookers Lane, this bright and beautifully designed two-bedroom residence offers a front-row seat to some of the most breathtaking views in the city. Showcasing a superior split-bedroom layout, the suite balances privacy and functionality while maximizing its stunning waterfront setting. Floor-to-ceiling windows fill the open-concept living and dining areas with natural light, creating an inviting space to relax or entertain against a backdrop of Lake Ontario and the Toronto skyline. The kitchen is equipped with integrated stainless steel appliances and seamlessly connects to the principal living spaces. The spacious primary bedroom features a large walk-in closet and a private 3-piece ensuite, while the generously sized second bedroom is ideally positioned on the opposite side of the suite, making it perfect for guests, family members, or a home office. A second full bathroom adds everyday convenience. Step outside to the wrap-around terrace and take in panoramic water and cityscape views from every angle. Whether enjoying your morning coffee, hosting friends, or unwinding at the end of the day, this outdoor space offers a remarkable extension of the home. Located in Mimico's vibrant waterfront community, Nautilus places you moments from the lake, parks, trails, and local amenities, while keeping downtown Toronto within easy reach. An exceptional opportunity to enjoy elevated waterfront living with spectacular views from one of the area's most desirable addresses.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13721824
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Lakeshore Blvd and Park Lawn
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $841/mo
- Exposure
- North West
- Property tax
- $3,627 / 2025
- Days on market
- 23
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Listed at $670,000, which is about 9% below what comparable homes suggest.
The usual discount does not apply here. Homes listed this far under their comparable sales often close at or above the ask, so no closing range is shown.
Total price vs nearby homes. Fair value about $737K, learned from recent GTA sales.
The market behind the math:
About 1.3 months of inventory: 46 condo apartment homes for sale in the area against 105 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $706/sqft against an area asking average of $839/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $660K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- 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 12 homes sold in this building over the past 14 months, from 499 closings in Mimico.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $754/sqft; this home lists at $706/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 9 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $536,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,934
- Property tax
- $302
- Condo / maintenance fees
- $841
- Heating
- $0
- Estimated monthly cost
- $4,077
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,875
- Toronto municipal land transfer tax
- $9,875
- Estimated closing costs
- $19,750
Plus your down payment of $134,000. 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
- $176,036
- Principal paid down
- $66,272
- Interest paid
- $109,763
- Balance remaining
- $469,728
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 numbersThe last 5 whole-home leases in Mimico signed at a median of $3,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,200. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.