4409-38 Annie Craig Drive, Toronto, ON
Mimico, Toronto · MLS® W13868964
About this home
In short
- Welcome to Suite 4409 at Water's Edge at The Cove, located in the heart of Humber Bay Shores.
- Bright & full of natural light, this 1 bedroom layout has no wasted space.
- The building features a 24-hour concierge and security, a fully equipped fitness centre, an indoor swimming pool with a cold plunge pool and sauna, and an elegant...
- Locker and parking included and both on P3 for added convenience.
Welcome to Suite 4409 at Water's Edge at The Cove, located in the heart of Humber Bay Shores! Perched high above the city with tree line views, this breathtaking one-bedroom delivers waterfront living at its finest. Bright & full of natural light, this 1 bedroom layout has no wasted space. The modern kitchen flows seamlessly into the living and dining areas, highlighted by contemporary finishes and stunning floor-to-ceiling windows. Step outside to your expansive private balcony-an incredible extension of the living space and the perfect vantage point to enjoy your morning coffee. Residents enjoy access to an outstanding collection of five-star, resort-inspired amenities designed for relaxation and entertainment. The building features a 24-hour concierge and security, a fully equipped fitness centre, an indoor swimming pool with a cold plunge pool and sauna, and an elegant party room alongside an outdoor terrace with BBQs. Additional conveniences include a games room, media room, library, and guest suites for visiting family and friends. Set within one of Toronto's most sought-after waterfront communities, you are just steps away from scenic waterfront parks, the Martin Goodman Trail, vibrant cafes, and local restaurants. With convenient access to the QEW for a quick and easy commute downtown or west of the city, this is an exceptional opportunity to enjoy space, panoramic views, and an unbeatable lifestyle. Locker and parking included and both on P3 for added convenience. Taxes not yet assessed.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13868964
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 0-499 sq ft
- Cross streets
- Lake Shore and Park Lawn
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $349/mo
- Exposure
- West
- Days on market
- 13
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
combined w/kitchen · laminate · open concept
combined w/dining · stainless steel appl · ceramic backsplash
w/o to balcony · laminate · open concept
w/o to balcony · laminate · closet
Listed at $448,500 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $435K, typically $410K to $471K. Comparable closings on their own put this home around $404K, about 10% below the ask.
Total price vs nearby homes. Likely closing about $435K, from 105 recent closings in this pocket.
The market behind the math:
About 0.1 months of inventory: 5 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.
Price per square foot: this home lists at $1,798/sqft against an area asking average of $1,870/sqft.
How this estimate is builtthe short version
I take the 105 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
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 ($1,798/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 105 comparable homes that sold in Mimico over the past 14 months, from 499 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 $1,844/sqft; this home lists at $1,798/sqft. Size is part of the price story, not just the sticker.
The 4 closest 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 470 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 | 37 |
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: 9 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 19, 2026); conventional rates run a little higher.
Mortgage amount $358,800 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,984
- Estimated property tax
- $280
- Condo / maintenance fees
- $349
- Heating
- $0
- Estimated monthly cost
- $2,613
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,445
- Toronto municipal land transfer tax
- $5,445
- Estimated closing costs
- $10,890
Plus your down payment of $89,700. 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
- $119,032
- Principal paid down
- $43,839
- Interest paid
- $75,193
- Balance remaining
- $314,961
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 12 whole-home leases in Mimico signed at a median of $2,350 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,688. 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 ULTIMATE REALTY INC.. MLS®/PropTx.