911-5 Marine Parade Drive, Toronto, ON
Mimico, Toronto · MLS® W13773904
About this home
In short
- Welcome to waterfront living at its finest in the highly sought-after Grenadier Landing.
- This bright and spacious 2-bedroom, 2-bathroom suite offers approximately 902 sq. ft of thoughtfully designed living space with a desirable East exposure, filling the...
Welcome to waterfront living at its finest in the highly sought-after Grenadier Landing! This bright and spacious 2-bedroom, 2-bathroom suite offers approximately 902 sq. ft of thoughtfully designed living space with a desirable East exposure, filling the home with natural light and showcasing beautiful lake views. the open-concept layout features a functional kitchen, generous living and dining areas, a primary retreat with walk-in closet and ensuite, and a large private balcony perfect for enjoying sunrise views over Lake Ontario. Nestled in the heart of Humber Bay Shores, residents enjoy direct access to the scenic Martin Goodman Trail, a renowned waterfront trail ideal for cycling, jogging, walking, and outdoor recreation along Toronto's shoreline. Just septs from picturesque Humber Bay Park, waterfront promenades, marinas, cafes, and green spaces, this exceptional location offers the perfect blend of nature and urban conveniences. Enjoy easy access to downtown Toronto, TTC, major highways, and both Airports. the vibrant lakeside lifestyle that makes this community one of Toronto's most desirable waterfront destination. Unit comes with Teo parking sports and one Locker.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13773904
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Parklawn/ Lake Shore
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $975/mo
- Exposure
- East
- Property tax
- $3,299 / 2026
- Days on market
- 9
- Listing brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Rooms
laminate · w/o to balcony · walk-in closet(s)
granite counters · breakfast bar · stainless steel appl
combined w/dining · w/o to balcony · overlook water
combined w/living · w/o to balcony · overlook water
laminate · w/o to balcony · closet
Listed at $699,999 with no offer date. Homes here have been closing close to ask, so my read is $678K, typically $659K to $689K. Comparable closings on their own put this home around $693K, which supports the ask, so this is a firm read.
Total price vs nearby homes. Likely closing about $678K, from 105 recent closings in this pocket.
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 $737/sqft against an area asking average of $838/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 105 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $669K. 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 11 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 $748/sqft; this home lists at $737/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 $559,999 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,065
- Property tax
- $275
- Condo / maintenance fees
- $975
- Heating
- $0
- Estimated monthly cost
- $4,315
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,475
- Toronto municipal land transfer tax
- $10,475
- Estimated closing costs
- $20,950
Plus your down payment of $140,000. 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
- $183,917
- Principal paid down
- $69,240
- Interest paid
- $114,678
- Balance remaining
- $490,759
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 $3,126 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,592. 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 TERREQUITY REALTY. MLS®/PropTx.