44 Bluewater Court, Toronto, ON

Mimico, Toronto · MLS® W13834050

$1,229,000
For Sale
Listed 21 days agoNo offer date stated
Request a showing
◎ Directions
3Bedrooms
3Bathrooms
1Garage · 2 parking
1100-1500Sq ft

About this home

In short

  • Welcome to stylish, turnkey living in the heart of Mimico.
  • This beautifully appointed 3-bedroom townhouse delivers the space, upgrades and lifestyle buyers are looking for, all in one of South Etobicoke's most sought-after...
  • Step inside to a bright and inviting open-concept main level where the living and dining areas flow seamlessly together, creating the perfect setting for everyday...
  • Elegant finishes, hardwood flooring and modern lighting give the space a polished, contemporary feel throughout.

Welcome to stylish, turnkey living in the heart of Mimico! This beautifully appointed 3-bedroom townhouse delivers the space, upgrades and lifestyle buyers are looking for, all in one of South Etobicoke's most sought-after communities. Step inside to a bright and inviting open-concept main level where the living and dining areas flow seamlessly together, creating the perfect setting for everyday living and entertaining. Elegant finishes, hardwood flooring and modern lighting give the space a polished, contemporary feel throughout.The kitchen is designed to impress, featuring quartz counter tops, generous cabinetry and plenty of prep space for everything from weeknight dinners to entertaining family and friends. Step outside to your private outdoor space and enjoy effortless indoor-outdoor living throughout the warmer months.Upstairs, you'll find three well-proportioned bedrooms, including a spacious primary retreat, along with a full bathroom conveniently serving the upper level. The versatile lower level provides valuable additional living space with direct access to the backyard, making it ideal for a family room, home office, gym, playroom or media space.A private garage adds everyday convenience along with additional driveway parking. Located in vibrant Mimico, you're just minutes from the lakefront, waterfront trails, parks, schools, TTC, GO Transit, cafés, restaurants, shopping and everyday amenities, with easy access to downtown Toronto and major highways.Offering an exceptional combination of location, functionality and modern style, this home is an opportunity to enjoy the best of Mimico living. Move in, settle in and make it yours!

Key facts

Property type
Townhouse, 2-Storey
MLS®
W13834050
Bedrooms
3
Bathrooms
3 (1 half)
Size
1100-1500 sq ft
Lot
20.83 × 73.8 ft
Cross streets
Lakeshore & Park Lawn
Parking
1 garage · 2 parking (built-in)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Fibreglass Shingle
Sewer
Sewer
Property tax
$4,962 / 2025
Days on market
21
Listing brokerage
RE/MAX WEST REALTY INC.

Rooms

Living RoomMain3.40 × 6.60 m

open concept · window · vinyl floor

Bedroom 3Second2.50 × 3.30 m

vinyl floor · window · closet

KitchenMain4.70 × 4.60 m

stainless steel appl · window · centre island

Dining RoomMain4.70 × 4.60 m

open concept · vinyl floor · window

Bedroom 2Second3.00 × 4.50 m

vinyl floor · window · closet

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.20Mlikely sale price

Listed at $1,229,000. Going by how homes in Mimico and the wider GTA have actually closed against their asking prices (about 97%, 10 local closings in 90 days), the likely sale price is near $1.20M, if it sells. A realistic range is $1.12M to $1.35M.

Independent value check: $1.05M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $985K and $1.10M).

Why $1.05M. The typical townhouse sold in Mimico over the past year went for about $1.17M (40 sales). What sets this one apart:

  • ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
List price
$1.12MBelow recent closings$1.35MAbove recent closings

Total price vs nearby homes. Likely closing about $1.20M, from 10 recent closings in this pocket.

The market behind the math:

10sold nearby · 90 days
$1.07Mmedian sold price
97%of asking, on average
−7%prices vs a year ago
~16 dayshomes like this take to sell
21days on market so far
$3,759/moest. rent · 5 leases
3.7%gross yield on the ask
This home
Below area avgAbove area avg

Price per square foot: this home lists at $945/sqft against an area asking average of $717/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 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.06M. 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.

  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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

There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.

Based on 6 homes sold on this street over the past two years, from 61 closings in Mimico.

What sellers nearby are askingCurrently listed nearby in Mimico · asking prices
$1.20Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.05M, which is where my estimate comes from.

Per square foot, these ask about $807/sqft; this home lists at $945/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
1.23MThis home1.20M1.13M1.18M1.30MThis home vs active comparables

Sold price trend

Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$1.05M84
November 2025$1.04M75
December 2025$1.05M55
January 2026$1.04M38
February 2026$1.17M53
March 2026$1.09M86
April 2026$1.22M95
May 2026$1.10M88
June 2026$1.05M97
July 2026$960K91
August 2026$995K47
September 2026$1.06M91

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.

Stonegate-Queensway
$1.43M
Dovercourt-Wallace Emerson-Junction
$987K
Palmerston-Little Italy
$1.30M
Cabbagetown-South St. James Town
$1.55M
Englemount-Lawrence
$1.12M

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 David Hornell Junior School
68%
David Hornell Junior SchoolPublic · Elementary · 0.2 km awayBelow the GTA average · 68% meet the provincial standard
Also nearby: 11 more schools within 2.5 km
George R Gauld Junior School · Public elementary0.8 km · 73% at standard
St Louis Catholic School · Catholic elementary1.1 km · 76% at standard
Karen Kain School of the Arts · Public elementary1.4 km · 76% at standard
St Mark Catholic School · Catholic elementary1.5 km · 59% at standard
Étienne Brûlé Junior School · Public elementary1.6 km · 79% at standard
Etobicoke School of the Arts · Public secondary1.6 km · 80% at standard
Park Lawn Junior and Middle School · Public elementary1.9 km · 71% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.9 km · 88% at standard
Second Street Junior Middle School · Public elementary2.1 km · 69% at standard
Castlebar Junior School · Public elementary2.3 km · 82% at standard
Holy Angels Catholic School · Catholic elementary2.4 km · 84% at standard

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

Affordability & Mortgage

Affordability
$5,601/mo
$229KIncome needed
5.4×Price ÷ income
$1,293Weekly cost
$42,110Land 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.

93%mortgage
Mortgage $5,601Property tax $414Total carry $6,015

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,436per month

Mortgage amount $983,200 · 4.49% over 25 years

$245,800Down payment (20.0%)
$983,200Loan before insurance
$0CMHC premium
$5,850Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,436
Property tax
$414
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,850

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

One-time closing costs

Ontario land transfer tax
$21,055
Toronto municipal land transfer tax
$21,055
Estimated closing costs
$42,110

Plus your down payment of $245,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,580/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

$647,684Total interest paid
$1,630,884Total of all payments
Principal $983,200 Interest $647,684
YearPrincipalInterestBalance
1$21,941$43,295$961,259
2$22,937$42,298$938,322
3$23,978$41,257$914,344
4$25,067$40,168$889,276
5$26,205$39,030$863,071
6$27,395$37,840$835,676
7$28,639$36,596$807,037
8$29,939$35,296$777,098
9$31,299$33,937$745,799
10$32,720$32,516$713,079
11$34,205$31,030$678,874
12$35,758$29,477$643,115
13$37,382$27,853$605,733
14$39,079$26,156$566,654
15$40,854$24,382$525,800
16$42,709$22,527$483,091
17$44,648$20,588$438,444
18$46,675$18,560$391,769
19$48,794$16,441$342,975
20$51,010$14,226$291,965
21$53,326$11,910$238,639
22$55,747$9,488$182,892
23$58,278$6,957$124,614
24$60,924$4,311$63,690
25$63,690$1,545$0

At the end of your 5-year term

Total paid over the term
$326,177
Principal paid down
$120,129
Interest paid
$206,048
Balance remaining
$863,071

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$3,759/mo
$45,108Gross annual rent
2.7%Cap rate after taxes and upkeep
$3,308 to $4,210Typical rent range

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 $3,795 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,759. 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.

3.7%
Gross yield
− Property tax $4,962− Insurance $1,400− Vacancy & upkeep $4,962Net operating income $33,784

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.

CallRequest a showing