309-190 Manitoba Street, Toronto, ON
Mimico, Toronto · MLS® W13760754
About this home
In short
- Discover bright, elevated living in this spacious corner suite with views overlooking a charming parkette.
- This beautifully maintained 2-bedroom, 2 full bathroom residence features a highly desirable southwest exposure, filling the home with sunshine throughout the day.
- Inside, the home features elegant hardwood flooring paired with durable tile in key areas.
- The primary bedroom features a generous walk-in closet and a 4-piece ensuite.
- Conveniently located just a 16-minute walk to Mimico GO, this home is close to highways, parks, and schools, with easy access to transit and the waterfront, featuring...
Discover bright, elevated living in this spacious corner suite with views overlooking a charming parkette. This beautifully maintained 2-bedroom, 2 full bathroom residence features a highly desirable southwest exposure, filling the home with sunshine throughout the day. With windows in every room, you will enjoy an airy, open feel and stunning views from every angle. The thoughtfully designed layout includes two balconies, each with walkouts from both bedrooms as well as the main living area and kitchen, ideal for seamless indoor-outdoor living and relaxing or entertaining. One of the balconies also features a gas BBQ hookup, perfect for easy outdoor cooking and hosting. Inside, the home features elegant hardwood flooring paired with durable tile in key areas. The updated eat-in kitchen offers stone countertops, generous cabinetry, and an extended breakfast bar along the living room side, creating a perfect setting for everyday meals or effortless entertaining while staying connected to the living space. The primary bedroom features a generous walk-in closet and a 4-piece ensuite. The second bedroom is a great size, offering a roomy double closet and ample space for a variety of uses. A standout feature of this building is that each unit is equipped with its own furnace and air conditioner, maintained by the building, giving you the rare ability to control your own temperature year-round. Conveniently located just a 16-minute walk to Mimico GO, this home is close to highways, parks, and schools, with easy access to transit and the waterfront, featuring popular restaurants nearby. The unit includes two tandem underground parking spaces and a locker with built-in shelving for extra storage.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13760754
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199 sq ft
- Cross streets
- Park Lawn & Lakeshore
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,265/mo
- Exposure
- South West
- Property tax
- $2,504 / 2025
- Days on market
- 11
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
w/o to balcony · hardwood floor · double closet
b/i shelves · w/o to balcony · hardwood floor
walk-in closet(s) · 4 pc ensuite · w/o to balcony
eat-in kitchen · w/o to balcony · overlooks living
combined w/living · hardwood floor · large window
Listed at $550,000, which is about 12% 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 $627K, learned from recent GTA sales.
The market behind the math:
About 1 months of inventory: 37 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 $500/sqft against an area asking average of $835/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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $599K. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. 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.
Based on 7 homes sold in this building over the past two years, from 504 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 $671/sqft; this home lists at $500/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: 12 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 $440,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,408
- Property tax
- $209
- Condo / maintenance fees
- $1,265
- Heating
- $0
- Estimated monthly cost
- $3,882
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,475
- Toronto municipal land transfer tax
- $7,475
- Estimated closing costs
- $14,950
Plus your down payment of $110,000. 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
- $144,507
- Principal paid down
- $54,403
- Interest paid
- $90,104
- Balance remaining
- $385,597
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 $2,456 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,285. 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 RE/MAX WEST REALTY INC.. MLS®/PropTx.