1602-39 Annie Craig Drive, Toronto, ON

Mimico, Toronto · MLS® W14008140

$548,000
For Sale
Listed 7 days agoNo offer date stated
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1+1Bedrooms
1Bathrooms
1Garage
500-599Sq ft

About this home

In short

  • Stunning One Bedroom Plus Den With Breathtaking Waterfront Views And Soaring 10' Ceilings.
  • Bright, Modern, And Open-Concept Layout With A Spacious Den Perfect For A Home Office.
  • Steps To The Lake, TTC, Parks, Trails, Restaurants, And Shopping.

Welcome To Cove Condos! Stunning One Bedroom Plus Den With Breathtaking Waterfront Views And Soaring 10' Ceilings. Bright, Modern, And Open-Concept Layout With A Spacious Den Perfect For A Home Office. Steps To The Lake, TTC, Parks, Trails, Restaurants, And Shopping. Minutes To Downtown, Highways, And The Airport. A Perfect Blend Of Luxury, Convenience, And Waterfront Living - Don't Miss This One!

Key facts

Property type
Condo Apartment, Apartment
MLS®
W14008140
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
500-599 sq ft
Cross streets
Lakeshore Blvd./Park Lawn Rd.
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$504/mo
Exposure
South West
Property tax
$2,594 / 2026
Days on market
7
Listing brokerage
CENTURY 21 KENNECT REALTY

Rooms

Living RoomFlat3.05 × 5.18 m

combined w/dining · hardwood floor · sw view

DenFlat3.32 × 2.10 m

hardwood floor · open concept · separate room

Primary BedroomFlat3.05 × 3.35 m

hardwood floor · large window · large closet

KitchenFlat2.47 × 2.74 m

stainless steel appl · ceramic floor · breakfast bar

Dining RoomFlat3.05 × 5.18 m

combined w/living · open concept · w/o to balcony

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 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.

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.

Niagara
$631K
Dovercourt-Wallace Emerson-Junction
$640K
Waterfront Communities C1
$605K
Kensington-Chinatown
$600K
Markland Wood
$680K

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 Étienne Brûlé Junior School
79%
Étienne Brûlé Junior SchoolPublic · Elementary · 1.4 km awayAbove the GTA average · 79% meet the provincial standard
Also nearby: 9 more schools within 2.5 km
David Hornell Junior School · Public elementary1.1 km · 68% at standard
George R Gauld Junior School · Public elementary1.8 km · 73% at standard
St Louis Catholic School · Catholic elementary1.8 km · 76% at standard
Karen Kain School of the Arts · Public elementary1.9 km · 76% at standard
St Leo Catholic School · Catholic elementary2.0 km · 82% at standard
Swansea Junior and Senior Junior and Senior Public School · Public elementary2.0 km · 78% at standard
John English Junior Middle School · Public elementary2.0 km · 73% at standard
Etobicoke School of the Arts · Public secondary2.1 km · 80% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary2.4 km · 88% at standard

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

Affordability & Mortgage

Affordability
$2,498/mo
$115KIncome needed
4.8×Price ÷ income
$576Weekly cost
$14,870Land 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.

78%mortgage
Mortgage $2,498Property tax $216Condo fee $504Total carry $3,218

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)
$2,424per month

Mortgage amount $438,400 · 4.49% over 25 years

$109,600Down payment (20.0%)
$438,400Loan before insurance
$0CMHC premium
$3,144Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,424
Property tax
$216
Condo / maintenance fees
$504
Heating
$0
Estimated monthly cost
$3,144

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

One-time closing costs

Ontario land transfer tax
$7,435
Toronto municipal land transfer tax
$7,435
Estimated closing costs
$14,870

Plus your down payment of $109,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,934/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

$288,797Total interest paid
$727,197Total of all payments
Principal $438,400 Interest $288,797
YearPrincipalInterestBalance
1$9,783$19,305$428,617
2$10,227$18,860$418,389
3$10,692$18,396$407,698
4$11,177$17,911$396,520
5$11,685$17,403$384,836
6$12,215$16,873$372,620
7$12,770$16,318$359,850
8$13,350$15,738$346,501
9$13,956$15,132$332,545
10$14,589$14,498$317,956
11$15,252$13,836$302,704
12$15,944$13,143$286,759
13$16,668$12,420$270,091
14$17,425$11,663$252,666
15$18,216$10,872$234,450
16$19,043$10,044$215,406
17$19,908$9,180$195,498
18$20,812$8,276$174,686
19$21,757$7,331$152,929
20$22,745$6,343$130,185
21$23,777$5,310$106,407
22$24,857$4,231$81,550
23$25,986$3,102$55,564
24$27,165$1,922$28,399
25$28,399$689$0

At the end of your 5-year term

Total paid over the term
$145,439
Principal paid down
$53,564
Interest paid
$91,875
Balance remaining
$384,836

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$1,700/mo
$20,400Gross annual rent
1.6%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.

3.7%
Gross yield
− Property tax $2,594− Condo fees $6,046− Insurance $600− Vacancy & upkeep $2,244Net operating income $8,916

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 KENNECT REALTY. MLS®/PropTx.

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