93 Cavell Avenue, Toronto, ON
Mimico, Toronto · MLS® W13816940
About this home
In short
- There are family bungalows on regular lots, and then there are well cared for family bungalows on massive 33 x 153 foot lots in AAA locations.
- Here at 93 Cavell, we have the latter.
- A quick walk to the lake, a quick walk to the Mimico GO, and quick access to all the shops, restaurants, schools, parks and community spaces Mimico has to offer.
- Where else can you get a detached family home with this kind of access to lakefront, great schools, parks and entertainment, and still be downtown in under 20 minutes???.
- Either way, you will notice the original hardwood in great shape, 2 plus 2 bedrooms, 2 baths, and a separate entrance to the basement.
There are family bungalows on regular lots, and then there are well cared for family bungalows on massive 33 x 153 foot lots in AAA locations. Here at 93 Cavell, we have the latter. Let me tell you, friends, this Mimico by the lake location does not get any better. A quick walk to the lake, a quick walk to the Mimico GO, and quick access to all the shops, restaurants, schools, parks and community spaces Mimico has to offer. And while I am at it, I may as well plug Mimico as Toronto's best kept secret. Where else can you get a detached family home with this kind of access to lakefront, great schools, parks and entertainment, and still be downtown in under 20 minutes???! NOWHERE. What we have here is an original bungalow with some updates, and you could live in it today just as it is or update it as you see fit. Either way, you will notice the original hardwood in great shape, 2 plus 2 bedrooms, 2 baths, and a separate entrance to the basement. Oh, and I should mention the private drive and the fully fenced yard. The principal rooms are large, the setting is a lovely one brimming with natural light, and the whole place is very charming if you ask me. The eat in kitchen is a great size and presents an opportunity to remove a wall and create some real wow factor, and for those of you looking for a third bedroom, the dining room could easily be converted. Love it as it is, renovate it, top it up, or build something new. That part is up to you. The one thing that is not up for discussion is that with this lot in this location, we have a ridiculous opportunity. Lot outlines are for information purposes only (please ask for survey)
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13816940
- Bedrooms
- 2+2 (4 total)
- Bathrooms
- 2 (1 half)
- Size
- 700-1100 sq ft
- Lot
- 33.46 × 153.25 ft
- Cross streets
- Royal York Rd & Cavell Ave
- Parking
- 3 parking
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,957 / 2026
- Days on market
- 24
- Listing brokerage
- RE/MAX REALTY SPECIALISTS INC.
Rooms
large window · 4 pc bath
large window · hardwood floor
Above Grade Window
2 Pc Bath
large window · hardwood floor · combined w/living
Above Grade Window
Above Grade Window
large window · hardwood floor · combined w/dining
large window · laminate
large window · hardwood floor
Listed at $1,085,000. Going by how homes in Mimico and the wider GTA have actually closed against their asking prices (about 98%, 16 local closings in 90 days), the likely sale price is near $1.07M, if it sells. A realistic range is $1.00M to $1.20M.
Independent value check: $982K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $920K and $1.03M).
Why $982K. The typical detached home sold in Mimico over the past year went for about $1.25M (76 sales). What sets this one apart:
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,100 to 1,500.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $4,957 a year; the typical home sold here pays about $5,400.
- ▼ Lowers it slightly2+2 bedrooms and 2 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $1.07M, from 16 recent closings in this pocket.
The market behind the math:
About 2.6 months of inventory: 14 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,206/sqft against an area asking average of $1,279/sqft.
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.
It never sees the asking price. The 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $964K. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- 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 John English Junior Middle 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 ($1,206/sqft) is in line with the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.
Based on 16 comparable homes that sold in Mimico over the past two years, from 153 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 $1,407/sqft; this home lists at $1,206/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Mimico: $1.45M in September 2026, up 4% from a year ago, on 65 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| February 2026 | $1.47M | 6 |
| March 2026 | $1.02M | 8 |
| April 2026 | $1.06M | 13 |
| May 2026 | $1.30M | 13 |
| June 2026 | $1.27M | 5 |
| July 2026 | $1.19M | 8 |
| August 2026 | $1.10M | 7 |
| September 2026 | $1.45M | 5 |
Neighbourhood & 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 4.34% via Ratehub.ca (as of October 17, 2026); conventional rates run a little higher.
Mortgage amount $868,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,799
- Property tax
- $413
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,212
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,175
- Toronto municipal land transfer tax
- $18,175
- Estimated closing costs
- $36,350
Plus your down payment of $217,000. 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
- $287,959
- Principal paid down
- $106,054
- Interest paid
- $181,906
- Balance remaining
- $761,946
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 32 whole-home leases in Mimico signed at a median of $3,131 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,914. 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 REALTY SPECIALISTS INC.. MLS®/PropTx.