1806-88 Park Lawn Road, Toronto, ON
Mimico, Toronto · MLS® W13728210
About this home
In short
- Get A Panoramic View Of The Lake And A Glimpse Of The CN Tower.
- Of Functional Living Space Plus A 50 Sq.
- The Current AAA Tenant Is Paying $3,350 Per Month And Is Willing To Stay Or Vacate, Offering Excellent Flexibility.
- The Expansive Outdoor Entrance Area, Outdoor Pool, And Retail Stores Create A Resort-Like Ambiance.
Get A Panoramic View Of The Lake And A Glimpse Of The CN Tower. Wake Up Every Morning To Stunning Lake Views Right From Your Bedroom. Offering 850 Sq. Ft. Of Functional Living Space Plus A 50 Sq. Ft. Balcony With Breathtaking South-Facing Views. This Bright And Spacious Unit Comes Complete With Parking And A Locker. Exceptional Building Amenities Include Visitor Parking, Indoor And Outdoor Pools, Jacuzzi Hot Tub, Full Gym, Basketball And Squash Courts, Steam Room And Sauna, Media And Party Rooms, Spa Services, Guest Suites, And Beautifully Landscaped Outdoor Areas. Perfect For End Users And Investors Alike. The Current AAA Tenant Is Paying $3,350 Per Month And Is Willing To Stay Or Vacate, Offering Excellent Flexibility. Ideal For Professionals Commuting To The Downtown Core While Enjoying The Relaxed Lakeside Lifestyle. The Expansive Outdoor Entrance Area, Outdoor Pool, And Retail Stores Create A Resort-Like Ambiance. Walking Distance To Grocery Stores, Pharmacies, Coffee Shops, Waterfront Parks And Trails, Restaurants, And Transit Stops.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13728210
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 800-899 sq ft
- Cross streets
- Lakeshore & Park Lawn Road
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $791/mo
- Exposure
- South
- Property tax
- $3,499 / 2026
- Days on market
- 20
- Listing brokerage
- CENTURY 21 ATRIA REALTY INC.
Rooms
Walk-In Closet(s)
centre island · granite counters · stainless steel appl
sliding doors · closet
W/O To Balcony
Listed at $599,000, which is about 15% 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 $703K, learned from recent GTA sales.
The market behind the math:
About 1.5 months of inventory: 54 condo apartment homes for sale in the area against 106 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $705/sqft against an area asking average of $858/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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $724K. 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
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 23 homes sold in this building over the past 14 months, from 499 closings in Mimico.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $703K, which is where my estimate comes from.
Per square foot, these ask about $939/sqft; this home lists at $705/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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: 10 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 $479,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,623
- Property tax
- $292
- Condo / maintenance fees
- $791
- Heating
- $0
- Estimated monthly cost
- $3,706
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,455
- Toronto municipal land transfer tax
- $8,455
- Estimated closing costs
- $16,910
Plus your down payment of $119,800. 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
- $157,381
- Principal paid down
- $59,250
- Interest paid
- $98,132
- Balance remaining
- $419,950
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 9 whole-home leases in Mimico signed at a median of $3,050 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,322. 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 CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.