1407-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13788324
About this home
In short
- Welcome to Suite 1407, a stunning 2-bedroom, 2-bathroom condo offering 1,500 square feet of beautifully finished living space in the heart of Mimico.
- Custom millwork, coffered ceilings, and herringbone floors reflect a level of craftsmanship where no detail has been overlooked and no expense has been spared.
Welcome to Suite 1407, a stunning 2-bedroom, 2-bathroom condo offering 1,500 square feet of beautifully finished living space in the heart of Mimico. Known for its state-of-the-art amenities, iconic views, and spacious layouts, this is not your typical condo. From valet parking to an on-site convenience store, salon, and dry cleaning, this building offers an exceptional level of comfort and convenience. Inside, the living space is truly remarkable. Floor-to-ceiling windows run throughout the suite, filling the home with gorgeous natural light and showcasing sweeping city and lake views. The living and dining areas are ideal for hosting, with generous space to gather, lounge, dine, and take in the stunning backdrop. Custom millwork, coffered ceilings, and herringbone floors reflect a level of craftsmanship where no detail has been overlooked and no expense has been spared. Luxury finishes throughout add a polished, elevated feel, while the layout remains comfortable and easy to live in. Both bedrooms are spacious, with the primary suite offering a private retreat within the home. The suite also comes complete with two parking spots and a locker. Set in the vibrant Mimico waterfront community, you are surrounded by lakefront trails, parks, cafes, restaurants, transit, and easy access to downtown Toronto. For added convenience, residents can enjoy a private shuttle to Union Station and other local destinations. Maintenance fees include all utilities, internet, a comprehensive cable package with HBO and Crave, along with the building's expansive list of amenities and luxuries. This is a standout opportunity for anyone looking for space, style, views, and convenience in one of Toronto's most loved west-end neighbourhoods.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13788324
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1400-1599 sq ft
- Cross streets
- Lakeshore/Parklawn
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Water
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,057/mo
- Exposure
- North West
- Property tax
- $3,591 / 2026
- Days on market
- 5
- Listing brokerage
- HOMEWISE REAL ESTATE
Listed at $1,249,000. Recent sales of homes like it put this home around $902K, so the ask is about 38% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Total price vs nearby homes. Fair value about $902K, learned from recent GTA sales.
The market behind the math:
About 0.4 months of inventory: 13 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 $833/sqft against an area asking average of $860/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 71 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $853K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Hardwood floors: quality hardwood is durable and broadly desirable. 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($833/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 71 comparable homes that sold in Mimico over the past two years, from 523 closings there.
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 $1,022/sqft; this home lists at $833/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: 8 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 $999,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,469
- Property tax
- $299
- Condo / maintenance fees
- $2,057
- Heating
- $0
- Estimated monthly cost
- $7,826
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,455
- Toronto municipal land transfer tax
- $21,455
- Estimated closing costs
- $42,910
Plus your down payment of $249,800. 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
- $328,162
- Principal paid down
- $123,544
- Interest paid
- $204,618
- Balance remaining
- $875,656
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 30 whole-home leases in Mimico signed at a median of $3,993 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,345. 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 HOMEWISE REAL ESTATE. MLS®/PropTx.