$329,900
3 Marine Parade Drive 707
Toronto (Mimico), Ontario
1bed1bath
condo in Toronto (Mimico)
Browse 214 active listings
Market Analysis
In Mimico, the condo market attracts a diverse group of buyers, from young professionals seeking a vibrant urban lifestyle to families wanting access to quality schools and parks. Many are drawn to the area for its proximity to Lake Ontario, offering a balance of urban amenities and natural beauty. Recent trends show that many buyers are interested in the burgeoning tech sector, with professionals from companies like Google and Shopify eyeing opportunities in this waterfront community. This demographic often values lifestyle choices that include cafes, restaurants, and easy access to public transit, making Mimico an ideal spot for those looking for a blend of work-life balance. Moreover, retirees looking to downsize without sacrificing quality of life are increasingly finding their future homes in Mimico. The lakefront views and community-oriented atmosphere provide a peaceful retreat while still being close to the heart of the city. With the median condo price at $649,850, it's an attractive investment for various lifestyles, including those looking for vibrant community engagement and outdoor recreation.
Price Insights
With a price range from up to $1,500,000, buyers in Mimico can find an impressive array of condo options. For under $700,000, a buyer might discover a modern one-bedroom unit at 30 Shore Breeze Drive, featuring contemporary finishes and stunning views of the waterfront. As you approach the $1 million mark, options expand to include two-bedroom condos that boast larger living spaces and amenities like concierge service and fitness centers, such as those at 15 Legion Road. The average price of condos in the area is approximately $713,324, revealing that potential buyers can secure properties with access to amenities like private balconies, in-suite laundry, and proximity to parks like Mimico Waterfront Park. These spaces not only offer comfort but also the opportunity for investment, as prices continue to trend upwards in this desirable neighborhood.
Available Properties
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About This Property Type
Condos in Mimico are characterized by their modern architecture, with many buildings constructed within the last decade. This area features both high-rise towers, such as the iconic Marine Parade Drive condos, and mid-rise buildings that often come with stunning views of Lake Ontario and Toronto's skyline. Many complexes also include facilities like rooftop terraces, swimming pools, and gyms, enhancing the living experience for residents. Additionally, some condos, particularly those along The Queensway, have been designed with eco-friendly features and open-concept layouts that appeal to contemporary buyers. Whether you're looking for a chic studio or a spacious family-friendly unit, the condos in Mimico cater to a variety of needs and preferences, making it an attractive spot for individuals of all lifestyles.
Location Highlights
Mimico stands out for its idyllic lakeside location and strong sense of community. The neighborhood boasts easy access to the Humber Bay Park and Mimico Creek, providing residents with ample opportunities for outdoor activities like biking and jogging. Streets such as Royal York Road reveal a vibrant mix of local shops, coffeehouses, and eateries, including popular spots like the Mimico Bakery and La Vecchia Moderna. Transportation is also a significant advantage, with the Mimico GO Station and regular TTC bus services connecting residents to downtown Toronto in under 30 minutes. Families benefit from reputable schools like John English Junior Middle School and outstanding recreational facilities at the Mimico Arena. All these elements contribute to a rich lifestyle that blends nature, convenience, and community in this waterfront gem.
Investment Advice
Investing in a condo in Mimico is a strategic choice given the area's ongoing development and increasing demand. The condo market here is active, with new developments and renovations continuously reshaping the landscape. This ongoing transformation is attracting younger professionals and families, likely driving property values upward. With the median price at $649,850, this presents a compelling opportunity for first-time buyers and seasoned investors alike. Moreover, the proximity to major employment hubs and transit options enhances the potential for rental income, making Mimico condos an appealing option for those seeking investment properties. As the city grows, Mimico’s waterfront charm is expected to continue to gain popularity, positioning condos as a wise investment.
Buying Tips
When considering purchasing a condo in Mimico, start by researching the different buildings and amenities available on specific streets such as Royal York and Lake Shore Boulevard. Each condo may offer unique features, so visiting open houses can provide valuable insights. Additionally, check the status of the building's reserve fund and any planned maintenance, as these can impact future costs. It's also essential to understand the local market trends and recent sales in the area to ensure you're making a sound investment. Partnering with a local real estate agent familiar with Mimico can provide additional expertise and access to listings before they hit the market. Finally, be sure to consider your long-term lifestyle needs — amenities, community engagement, and proximity to work or school can all influence your satisfaction in your new home.
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Frequently Asked Questions About Toronto (Mimico)
How many condos are for sale in Toronto (Mimico)?
There are currently 214 condos listed for sale in Toronto (Mimico) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are condo listings updated in Toronto (Mimico)?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
What bedroom sizes are available for condos in Toronto (Mimico)?
Condos in Toronto (Mimico) are available in 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom configurations. Use the sidebar links to browse by bedroom count.