315-185 Legion Road, Toronto, ON

Mimico, Toronto · MLS® W13874898

$675,000
For Sale
Listed 11 days agoNo offer date stated
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1+1Bedrooms
2Bathrooms
2Garage
900-999Sq ft

About this home

In short

  • This rarely available two level loft feels like living in a townhouse.
  • Two premium parking spots (not tandem!) and locker on the same floor create unique convenience unusual in condo living as no elevator is required.
  • Renovated kitchen and washrooms, new blinds, hardwood throughout.
  • Incredible amenities including outdoor pool with sundeck and track, gym, yoga and cycling studio, sauna, squash court, business center, billiards, library, theatre...
  • Direct Bus (or walk) To Mimico Go, Short Drive Downtown, 2 Min Drive To Gardiner Expressway.

Welcome to The Tides! This rarely available two level loft feels like living in a townhouse! Two premium parking spots (not tandem!) and locker on the same floor create unique convenience unusual in condo living as no elevator is required. Renovated kitchen and washrooms, new blinds, hardwood throughout. A very functional layout with living, dining and entertainment on main level, and private quarters on upper level. Huge w/in closet (previously a den converted by builder), walkout to balcony and ensuite complete the principle bedroom haven. Laundry on upper floor. Guest suites on same floor as unit! All-inclusive maintenance fees. Incredible amenities including outdoor pool with sundeck and track, gym, yoga and cycling studio, sauna, squash court, business center, billiards, library, theatre, party room, and more! Experience resort-like, luxury living at The Tides condos! Walking Distance To Lake, TTC, Grocery Stores, Mimico Village, Biking & Walking Trails Along The Waterfront. Direct Bus (or walk) To Mimico Go, Short Drive Downtown, 2 Min Drive To Gardiner Expressway. Some photos have been virtually staged.

Key facts

Property type
Condo Apartment, 2-Storey
MLS®
W13874898
Bedrooms
1+1 (2 total)
Bathrooms
2 (1 half)
Size
900-999 sq ft
Cross streets
Park Lawn / Lake Shore
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$1,153/mo
Exposure
West
Property tax
$2,877 / 2026
Days on market
11
Listing brokerage
HOMELIFE/BAYVIEW REALTY INC.

Rooms

Dining RoomMain5.90 × 4.47 m

combined w/living · large window · hardwood floor

OtherUpper1.70 × 2.64 m

closet · hardwood floor

KitchenMain3.30 × 3.39 m

renovated · stainless steel appl · breakfast bar

Primary BedroomUpper5.97 × 3.45 m

w/o to balcony · walk-in closet(s) · hardwood floor

Living RoomMain5.90 × 4.47 m

hardwood floor · combined w/dining · open concept

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is George R Gauld Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

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.

Dovercourt-Wallace Emerson-Junction
$640K
Niagara
$724K
Markland Wood
$680K
Waterfront Communities C1
$610K
Kensington-Chinatown
$585K

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 George R Gauld Junior School
73%
George R Gauld Junior SchoolPublic · Elementary · 0.9 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
David Hornell Junior School · Public elementary0.6 km · 68% at standard
St Mark Catholic School · Catholic elementary1.1 km · 59% at standard
Karen Kain School of the Arts · Public elementary1.2 km · 76% at standard
Étienne Brûlé Junior School · Public elementary1.2 km · 79% at standard
St Leo Catholic School · Catholic elementary1.3 km · 82% at standard
Etobicoke School of the Arts · Public secondary1.4 km · 80% at standard
Park Lawn Junior and Middle School · Public elementary1.6 km · 71% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.7 km · 88% at standard
Castlebar Junior School · Public elementary2.2 km · 82% at standard
Swansea Junior and Senior Junior and Senior Public School · Public elementary2.3 km · 78% at standard
Holy Angels Catholic School · Catholic elementary2.4 km · 84% at standard
Second Street Junior Middle School · Public elementary2.4 km · 69% at standard

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

Affordability & Mortgage

Affordability
$3,076/mo
$150KIncome needed
4.5×Price ÷ income
$710Weekly cost
$19,950Land 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.

69%mortgage
Mortgage $3,076Property tax $240Condo fee $1,153Total carry $4,470

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)
$2,986per month

Mortgage amount $540,000 · 4.49% over 25 years

$135,000Down payment (20.0%)
$540,000Loan before insurance
$0CMHC premium
$4,379Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,986
Property tax
$240
Condo / maintenance fees
$1,153
Heating
$0
Estimated monthly cost
$4,379

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

One-time closing costs

Ontario land transfer tax
$9,975
Toronto municipal land transfer tax
$9,975
Estimated closing costs
$19,950

Plus your down payment of $135,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,614/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

$355,726Total interest paid
$895,726Total of all payments
Principal $540,000 Interest $355,726
YearPrincipalInterestBalance
1$12,051$23,779$527,949
2$12,598$23,231$515,352
3$13,170$22,659$502,182
4$13,768$22,061$488,415
5$14,393$21,436$474,022
6$15,046$20,783$458,976
7$15,729$20,100$443,246
8$16,443$19,386$426,803
9$17,190$18,639$409,613
10$17,971$17,858$391,642
11$18,787$17,042$372,856
12$19,640$16,190$353,216
13$20,531$15,298$332,685
14$21,463$14,366$311,222
15$22,438$13,391$288,784
16$23,457$12,372$265,327
17$24,522$11,307$240,805
18$25,635$10,194$215,170
19$26,799$9,030$188,371
20$28,016$7,813$160,355
21$29,288$6,541$131,067
22$30,618$5,211$100,449
23$32,008$3,821$68,442
24$33,461$2,368$34,980
25$34,980$849$0

At the end of your 5-year term

Total paid over the term
$179,145
Principal paid down
$65,978
Interest paid
$113,167
Balance remaining
$474,022

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
Estimate$3,050/mo
$36,600Gross annual rent
2.3%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

5.4%
Gross yield
− Property tax $2,877− Condo fees $13,840− Insurance $600− Vacancy & upkeep $4,026Net operating income $15,257

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

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