5 Marine Parade Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Mimico. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $575,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Live the Lakeside Dream in Mimico! Step into this beautiful 1-bedroom condo with 664 sq ft of space and breathtaking lake views right from your window and balcony. Whether you're enjoying a quiet night by the fireplace or sipping your morning coffee outside, this home feels like a peaceful escape. The open-concept layout includes a modern kitchen with stainless steel appliances, perfect for cooking, entertaining, or just relaxing at home. The shiny hardwood floors add a touch of style throughout, and with parking and a locker included, you've got space for everything you need. This building also comes packed with extras to make life easy and fun: a gym, party room, rooftop deck, guest suites, and 24/7 concierge service. You're just steps from parks, trails, restaurants, and transit. Everything you need is close by.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Greenbelt/Conservation, Lake Access, Lake/Pond, Marina, Other, Park
Interior Features
None
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Marine Parade Drive 630, Toronto W06, ON M8V 4B4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $575,000 in Toronto, the legal minimum down payment is $32,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,975 also applies, bringing the total estimated land transfer taxes to $15,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
