508-2230 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13837518
About this home
In short
- Enjoy breathtaking, unobstructed views of Lake Ontario and the Toronto skyline from this beautiful 1+1 bedroom suite.
- The bright, open-concept layout features floor-to-ceiling windows that flood the space with natural light and keep the incredible scenery front and centre.
- Residents enjoy an impressive range of amenities, including 24-hour concierge, indoor pool, hot tub, sauna, fitness centre, rooftop terrace with BBQs, party room...
Enjoy breathtaking, unobstructed views of Lake Ontario and the Toronto skyline from this beautiful 1+1 bedroom suite. With waterfront parkland helping protect the view, you'll have a front-row seat to stunning sunrises, sailboats on the lake, colourful sunsets and the sparkling city lights at night.The bright, open-concept layout features floor-to-ceiling windows that flood the space with natural light and keep the incredible scenery front and centre. Step outside onto the spacious private balcony, accessible from both the living room and primary bedroom-perfect for morning coffee, evening drinks or entertaining while taking in the waterfront views.Inside, the functional layout offers a generous primary bedroom, modern kitchen, comfortable living and dining areas, in-suite laundry, parking and a locker. The home combines everyday comfort with the relaxed feel of waterfront living.Residents enjoy an impressive range of amenities, including 24-hour concierge, indoor pool, hot tub, sauna, fitness centre, rooftop terrace with BBQs, party room, theatre room, guest suites and visitor parking. Located in Humber Bay Shores, you're just steps from waterfront parks, beaches, scenic walking and cycling trails, restaurants and everyday conveniences. With TTC nearby and easy access to the Gardiner Expressway and GO Station, getting downtown is quick and convenient.A bright, comfortable waterfront home with spectacular views, fantastic amenities and an unbeatable lifestyle in one of Toronto's most sought-after waterfront communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13837518
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Park Lawn & Lake Shore
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $659/mo
- Exposure
- South
- Property tax
- $2,686 / 2026
- Days on market
- 17
- Listing brokerage
- BABIAK TEAM REAL ESTATE BROKERAGE LTD.
Rooms
combined w/dining · w/o to balcony
w/o to balcony · walk-in closet(s)
combined w/living · w/o to balcony
Stainless Steel Appl
Listed at $595,000. Going by how homes in Mimico have actually closed against their asking prices (about 97%, 106 local closings in 90 days), the likely sale price is near $577K, if it sells. A realistic range is $544K to $625K.
Independent value check: $521K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $485K and $548K).
Why $521K. The typical condo sold in Mimico over the past year went for about $603K (484 sales). What sets this one apart:
- ▼ Lowers it1+1 bedrooms and 1 baths, against 1+1 and 2 typically.
- ▼ Lowers it slightlyIt is 600 to 699 sq ft; the typical home sold here is 700 to 799.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $2,686 a year; the typical home sold here pays about $2,800.
Total price vs nearby homes. Likely closing about $577K, from 106 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 54 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 $916/sqft against an area asking average of $862/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 and this building.
It never sees the asking price. The 106 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $590K. 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
- Open-concept layout: modern, sought-after flow. 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.
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Mimico, from 513 closings in Mimico.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $877/sqft; this home lists at $916/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Mimico: $560K in September 2026, up 1% from a year ago, on 469 closings in 12 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 |
|---|---|---|
| October 2025 | $610K | 43 |
| November 2025 | $580K | 37 |
| December 2025 | $650K | 31 |
| January 2026 | $592K | 30 |
| February 2026 | $605K | 31 |
| March 2026 | $645K | 48 |
| April 2026 | $642K | 48 |
| May 2026 | $610K | 30 |
| June 2026 | $602K | 49 |
| July 2026 | $695K | 41 |
| August 2026 | $595K | 45 |
| September 2026 | $560K | 36 |
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: 10 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 16, 2026); conventional rates run a little higher.
Mortgage amount $476,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,632
- Property tax
- $224
- Condo / maintenance fees
- $659
- Heating
- $0
- Estimated monthly cost
- $3,515
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,375
- Toronto municipal land transfer tax
- $8,375
- Estimated closing costs
- $16,750
Plus your down payment of $119,000. 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
- $157,913
- Principal paid down
- $58,158
- Interest paid
- $99,755
- Balance remaining
- $417,842
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 $2,551 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,578. 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 BABIAK TEAM REAL ESTATE BROKERAGE LTD.. MLS®/PropTx.