608-185 Legion Road, Toronto, ON

Mimico, Toronto · MLS® W13786708

$650,000
For Sale
Listed 5 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Welcome to The Tides of Mystic Point.
  • This bright and spacious 2+1 bedroom condo offers 940 square feet of well-designed living space, combining comfort and style.
  • The south-facing unit boasts two balcony walkouts with partial lake views overlooking the outdoor pool, while floor-to-ceiling windows bathe the home in natural light.
  • The primary bedroom features a 4-piece ensuite and a walk-in closet for added convenience.
  • Residents enjoy access to a suite of top-tier amenities, including an outdoor pool, gym, sauna, outdoor walking track, guest suites, party room, theatre, library, and...

Welcome to The Tides of Mystic Point! This bright and spacious 2+1 bedroom condo offers 940 square feet of well-designed living space, combining comfort and style. The south-facing unit boasts two balcony walkouts with partial lake views overlooking the outdoor pool, while floor-to-ceiling windows bathe the home in natural light. The primary bedroom features a 4-piece ensuite and a walk-in closet for added convenience. The versatile den, currently used as a third bedroom, can easily adapt to your needs and the bookshelves serving as a divider can stay or be removed, as you prefer. Additional features include ensuite laundry, parking, and a locker for extra storage. Residents enjoy access to a suite of top-tier amenities, including an outdoor pool, gym, sauna, outdoor walking track, guest suites, party room, theatre, library, and both indoor and outdoor hot tubs. With quick access to major highways, the waterfront, and all essential conveniences, this is the perfect place to call home!

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13786708
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
900-999 sq ft
Cross streets
Parklawn & Manitoba
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Foundation
Concrete Block
Roof
Asphalt Rolled
Maintenance
$1,034/mo
Exposure
South East
Property tax
$2,700 / 2025
Days on market
5
Listing brokerage
REAL BROKER ONTARIO LTD.

Rooms

KitchenFlat3.35 × 3.05 m

ceramic floor · breakfast bar · overlooks living

Living RoomFlat6.30 × 3.34 m

w/o to balcony · combined w/dining · window floor to ceiling

Primary BedroomFlat5.02 × 3.00 m

4 pc ensuite · walk-in closet(s) · carpet free

BedroomFlat3.05 × 2.74 m

french doors · carpet free · mirrored closet

Dining RoomFlat6.30 × 3.34 m

combined w/living · window floor to ceiling · carpet free

DenFlat2.74 × 2.74 m

Carpet Free

Our TakeTeam Asgarian · Broker
A small discount is typical
$629Klikely closing

Listed at $650,000 with no offer date. Homes here have been closing close to ask, so my read is $629K, typically $612K to $640K. Comparable closings on their own put this home around $637K, which supports the ask, so this is a firm read.

List price
$612KBelow recent closings$650KAbove recent closings

Total price vs nearby homes. Likely closing about $629K, from 105 recent closings in this pocket.

The market behind the math:

105sold nearby · 90 days
$580Kmedian sold price
96%of asking, on average
−5%prices vs a year ago
~34 dayshomes like this take to sell
5days on market so far
$3,280/moest. rent · 5 leases
6.1%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.3 months of inventory: 45 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.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $685/sqft against an area asking average of $844/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 $604K. 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
  • Primary suite: a key comfort and resale feature. Lifestyle
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 9 homes sold in this building over the past 14 months, from 499 closings in Mimico.

Neighbourhood & location

Mimico, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Niagara
$1.10M
Waterfront Communities C1
$687K
Bay Street Corridor
$552K
Church-Yonge Corridor
$629K
Mount Pleasant West
$554K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near George R Gauld Junior School
73%
George R Gauld Junior SchoolPublic · Elementary · 0.9 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
David Hornell Junior School · Public elementary0.6 km · 68% at standard
St Mark Catholic School · Catholic elementary1.1 km · 59% at standard
Karen Kain School of the Arts · Public elementary1.2 km · 76% at standard
Étienne Brûlé Junior School · Public elementary1.2 km · 79% at standard
St Leo Catholic School · Catholic elementary1.3 km · 82% at standard
Etobicoke School of the Arts · Public secondary1.4 km · 80% at standard
Park Lawn Junior and Middle School · Public elementary1.6 km · 71% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.7 km · 88% at standard
Castlebar Junior School · Public elementary2.2 km · 82% at standard
Swansea Junior and Senior Junior and Senior Public School · Public elementary2.3 km · 78% at standard
Holy Angels Catholic School · Catholic elementary2.4 km · 84% at standard
Second Street Junior Middle School · Public elementary2.4 km · 69% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,962/mo
$143KIncome needed
4.6×Price ÷ income
$684Weekly cost
$18,950Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

70%mortgage
Mortgage $2,962Property tax $225Condo fee $1,034Total carry $4,222

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

$
20.0%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,846per month

Mortgage amount $520,000 · 4.39% over 25 years

$130,000Down payment (20.0%)
$520,000Loan before insurance
$0CMHC premium
$4,105Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,846
Property tax
$225
Condo / maintenance fees
$1,034
Heating
$0
Estimated monthly cost
$4,105

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,475
Toronto municipal land transfer tax
$9,475
Estimated closing costs
$18,950

Plus your down payment of $130,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$3,448/monthPayment at the qualifying rate

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

$333,904Total interest paid
$853,904Total of all payments
Principal $520,000 Interest $333,904
YearPrincipalInterestBalance
1$11,767$22,389$508,233
2$12,289$21,867$495,944
3$12,835$21,322$483,109
4$13,404$20,752$469,705
5$13,999$20,157$455,706
6$14,620$19,536$441,085
7$15,269$18,887$425,816
8$15,947$18,209$409,869
9$16,655$17,501$393,214
10$17,394$16,762$375,820
11$18,166$15,990$357,654
12$18,972$15,184$338,682
13$19,814$14,342$318,868
14$20,694$13,463$298,175
15$21,612$12,544$276,563
16$22,571$11,585$253,991
17$23,573$10,583$230,419
18$24,619$9,537$205,799
19$25,712$8,444$180,088
20$26,853$7,303$153,235
21$28,045$6,111$125,190
22$29,289$4,867$95,901
23$30,589$3,567$65,312
24$31,947$2,209$33,365
25$33,365$791$0

At the end of your 5-year term

Total paid over the term
$170,781
Principal paid down
$64,294
Interest paid
$106,487
Balance remaining
$455,706

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.

Let's connect

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

Rental yield
From 5 whole-home leases in Mimico$3,280/mo
$39,360Gross annual rent
3.0%Cap rate after taxes and upkeep
$2,886 to $3,674Typical rent range
~19 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 5 whole-home leases in Mimico signed at a median of $2,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,280. 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.

6.1%
Gross yield
− Property tax $2,700− Condo fees $12,410− Insurance $600− Vacancy & upkeep $4,330Net operating income $19,321

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REAL BROKER ONTARIO LTD.. MLS®/PropTx.

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