5204-70 Annie Craig Drive, Toronto, ON
Mimico, Toronto · MLS® W13776960
About this home
In short
- Soaring above Toronto's waterfront on the 54th floor, this spectacular southeast-facing residence captures an extraordinary panorama of Lake Ontario and the city skyline.
- This exceptional 2-bedroom + den, 3-bathroom home features extensive luxury upgrades and refined finishes throughout.
- The elegant open-concept design, spacious bedrooms and versatile den create an exceptional blend of luxury, comfort and functionality, this is a rare opportunity to...
- Rising 56 storeys, Vitaon the Lake is a 4-year-old building offering refined amenities including 24/7 concierge, 5 high-speed elevators & on-site management.
- The 5th floor features a fully equipped fitness centre with cardio, weights, yoga studio, saunas, a stylish party room & private dining room with walkouts to the...
Soaring above Toronto's waterfront on the 54th floor, this spectacular southeast-facing residence captures an extraordinary panorama of Lake Ontario and the city skyline. This exceptional 2-bedroom + den, 3-bathroom home features extensive luxury upgrades and refined finishes throughout. Floor-to-ceiling windows flood the sophisticated interior with natural light, while the expansive private balcony offers breathtaking, unobstructed lake and skyline views. The elegant open-concept design, spacious bedrooms and versatile den create an exceptional blend of luxury, comfort and functionality, this is a rare opportunity to experience elevated waterfront living at its finest. Humber Bay Shores is a coveted Toronto waterfront enclave where the tranquility of lakeside calm meets urban ease & upscale living. Steps to the Martin Goodman Trail and a vibrant dining & patio scene. Metro, Shoppers, LCBO & major banks are all walking Distant. With TTC at your door and a future GO station planned, access to downtown & beyond is seamless. Rising 56 storeys, Vitaon the Lake is a 4-year-old building offering refined amenities including 24/7 concierge, 5 high-speed elevators & on-site management. The 5th floor features a fully equipped fitness centre with cardio, weights, yoga studio, saunas, a stylish party room & private dining room with walkouts to the pool, sundeck & BBQ terrace. Two guest suites, ample visitor parking, underground car wash and pet wash stations provide daily convenience
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13776960
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 3 (1 half)
- Size
- 1400-1599 sq ft
- Cross streets
- Lakeshore Blvd West & Parklawn
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,118/mo
- Exposure
- South East
- Property tax
- $8,172 / 2026
- Days on market
- 8
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
laundry sink · mirrored closet · ceramic floor
2 pc bath · double closet · pantry
laminate · sliding doors
open concept · window floor to ceiling · overlook water
4 pc ensuite · his and hers closets · w/o to balcony
4 pc ensuite · walk-in closet(s) · w/o to balcony
open concept · w/o to balcony · se view
quartz counter · centre island · b/i appliances
balcony · window floor to ceiling · se view
Listed at $1,695,000. Recent sales of homes like it put this one around $1.53M, so the ask is about 11% above what similar homes have sold for.
If it sells at this ask, expect about $1.64M, typically $1.60M to $1.67M: that is where homes here have closed against their asks in the last 90 days (105 closings).
Total price vs nearby homes. Fair value about $1.53M, learned from recent GTA sales.
The market behind the math:
About 0.4 months of inventory: 14 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 $1,130/sqft against an area asking average of $841/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 17 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $738K. 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- 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 19 homes sold in this building over the past 14 months, from 499 closings in Mimico.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $947/sqft; this home lists at $1,130/sqft. Size is part of the price story, not just the sticker.
The 4 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: 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,356,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,422
- Property tax
- $681
- Condo / maintenance fees
- $1,118
- Heating
- $0
- Estimated monthly cost
- $9,221
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,375
- Toronto municipal land transfer tax
- $30,375
- Estimated closing costs
- $60,750
Plus your down payment of $339,000. 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
- $445,344
- Principal paid down
- $167,659
- Interest paid
- $277,684
- Balance remaining
- $1,188,341
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 $4,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,375. 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 HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.