1-2693 Lakeshore Boulevard, Toronto, ON

Mimico, Toronto · MLS® W13875626

$469,000
For Sale
Listed 11 days agoNo offer date stated
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2Bedrooms
1Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • A truly exceptional 2-bedroom co-ownership on the water at Royal York & Lake Shore.
  • Built in the 1940s, this gracious unit has the beautifully proportioned rooms, generous windows and distinctive architectural details that are increasingly hard to...
  • With all but one window offering unobstructed views of Lake Ontario, looking over the building's private pool and beautiful gardens just relandscaped this year, the...
  • This rare 2-bedroom offering also includes parking, a locker, and a walk in closet in the second bedroom that is like an ensuite locker, all with property taxes...
  • A remarkable combination of classic 1940s proportions, original character, abundant natural light and extraordinary waterfront views in a coveted lakeside setting.

A truly exceptional 2-bedroom co-ownership on the water at Royal York & Lake Shore. Agents often describe a property as "special" or "one of a kind"-this is the real deal. Built in the 1940s, this gracious unit has the beautifully proportioned rooms, generous windows and distinctive architectural details that are increasingly hard to find today. In the living room, arched built-in shelving adds a wonderful touch of period character and charm. And then there are the views. With all but one window offering unobstructed views of Lake Ontario, looking over the building's private pool and beautiful gardens just relandscaped this year, the setting is simply spectacular. The lake is not merely nearby-it is the defining feature of the home, and the breezes from the water are magnificent. Freshly painted and wonderfully light and airy, the apartment has an effortless elegance and a calm, timeless feel. The character continues in the bathroom, complete with a charming clawfoot tub. This rare 2-bedroom offering also includes parking, a locker, and a walk in closet in the second bedroom that is like an ensuite locker, all with property taxes included in the monthly maintenance fees. A remarkable combination of classic 1940s proportions, original character, abundant natural light and extraordinary waterfront views in a coveted lakeside setting.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13875626
Bedrooms
2
Bathrooms
1
Size
900-999 sq ft
Cross streets
Royal York and Lake Shore
Parking
1 garage (built-in)
Basement
None
Heating
Radiant
A/C
Window Unit(s)
Exterior
Brick
Maintenance
$1,000/mo
Exposure
South
Property tax
$1,719 / 2025
Days on market
11
Listing brokerage
BOSLEY REAL ESTATE LTD.

Rooms

Primary BedroomFlat3.40 × 3.66 m

broadloom · double closet · overlook water

Bedroom 2Flat3.03 × 3.66 m

hardwood floor · walk-in closet(s)

Dining RoomFlat2.33 × 2.32 m

hardwood floor · combined w/kitchen · overlook water

Living RoomFlat6.12 × 3.63 m

hardwood floor · large window · overlook water

KitchenFlat3.11 × 2.89 m

ceramic floor · combined w/dining · breakfast bar

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 Seventh Street 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

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Niagara
$724K
Markland Wood
$680K
Dovercourt-Wallace Emerson-Junction
$640K
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 Seventh Street Junior School
73%
Seventh Street Junior SchoolPublic · Elementary · 0.7 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 6 more schools within 2.5 km
John English Junior Middle School · Public elementary1.1 km · 73% at standard
The Holy Trinity Catholic School · Catholic elementary1.8 km · 82% at standard
Father John Redmond Catholic Secondary School · Catholic secondary1.9 km · 84% at standard
David Hornell Junior School · Public elementary2.0 km · 68% at standard
Twentieth Street Junior School · Public elementary2.0 km · 70% at standard
George R Gauld Junior School · Public elementary2.0 km · 73% at standard

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

Affordability & Mortgage

Affordability
$2,138/mo
$108KIncome needed
4.3×Price ÷ income
$493Weekly cost
$11,710Land 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.

65%mortgage
Mortgage $2,138Property tax $143Condo fee $1,000Total carry $3,281

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)
$2,075per month

Mortgage amount $375,200 · 4.49% over 25 years

$93,800Down payment (20.0%)
$375,200Loan before insurance
$0CMHC premium
$3,218Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,075
Property tax
$143
Condo / maintenance fees
$1,000
Heating
$0
Estimated monthly cost
$3,218

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

One-time closing costs

Ontario land transfer tax
$5,855
Toronto municipal land transfer tax
$5,855
Estimated closing costs
$11,710

Plus your down payment of $93,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,511/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

$247,164Total interest paid
$622,364Total of all payments
Principal $375,200 Interest $247,164
YearPrincipalInterestBalance
1$8,373$16,522$366,827
2$8,753$16,142$358,074
3$9,150$15,744$348,924
4$9,566$15,329$339,358
5$10,000$14,894$329,357
6$10,454$14,440$318,903
7$10,929$13,966$307,974
8$11,425$13,469$296,549
9$11,944$12,951$284,605
10$12,486$12,408$272,119
11$13,053$11,841$259,066
12$13,646$11,249$245,420
13$14,265$10,629$231,154
14$14,913$9,981$216,241
15$15,590$9,304$200,651
16$16,298$8,596$184,353
17$17,038$7,856$167,315
18$17,812$7,083$149,503
19$18,620$6,274$130,883
20$19,466$5,429$111,417
21$20,350$4,545$91,067
22$21,274$3,621$69,794
23$22,240$2,655$47,554
24$23,249$1,645$24,305
25$24,305$590$0

At the end of your 5-year term

Total paid over the term
$124,473
Principal paid down
$45,843
Interest paid
$78,630
Balance remaining
$329,357

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
3.9%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.

7.8%
Gross yield
− Property tax $1,719− Condo fees $12,000− Insurance $600− Vacancy & upkeep $4,026Net operating income $18,255

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of BOSLEY REAL ESTATE LTD.. MLS®/PropTx.

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