3 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 block construction, this residence presents an exceptional opportunity offered at $360,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Life by the lake feels effortless in this bright and welcoming 1-bedroom + den + sunroom condo in Toronto's Mimico waterfront in the Hearthstone by the Bay retirement community. Designed for comfort, ease, and independent retirement living, this suite features a spacious bedroom, flexible lounge/den, full bathroom, in-suite laundry, and a sunroom ideal for relaxing, reading, or quiet mornings. The layout supports a simple, low-maintenance lifestyle. Hearthstone by the Bay is a full-service retirement residence offering peace of mind and connection. The mandatory monthly service package includes 4 hours housekeeping, meal credit ($298.40), 24-hour nurse access, fitness classes, daily activities, shuttle service, and more (see Schedule C). Personal care available up to 24/7 as needed. Mandatory Club Fee: $1,990.85 + HST/month (1 occupant); Additional Occupant: $274.34 + HST/month. Amenities include movie theatre, hair salon, pub, billiards area, outdoor terrace & more. Steps from Lake Ontario trails, parks, cafés, transit and highway access, this is a rare opportunity for supported waterfront retirement living.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Place Of Worship, Park, Public Transit, Rec./Commun.Centre, School
Interior Features
Carpet Free
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 3 Marine Parade Drive 1505, Toronto W06, ON M8V 3Z5
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 $360,000 in Toronto, the legal minimum down payment is $18,000 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 $3,875 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $3,875 also applies, bringing the total estimated land transfer taxes to $7,750.
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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.
