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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $999,000 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.
This light-filled, detached house really needs to be seen in person! Circa 1975, the house is located across the street from a park/playground as well as David Hornell Junior School. One block to the north is Manchester Park and its tennis courts. Transit options include both the 501 streetcar on Lake Shore and GO Train from Mimico station to downtown. By car its an easy trip east or west via Lake Shore or the Gardiner. The house itself has been very well maintained and updated, including a new Lennox furnace in February 2025. Room sizes are excellent with the primary bedroom being much larger than typical. The second floor bathroom, with a heated floor, was fully renovated in 2013. All of the bedrooms have closets and there's a generous linen closet in the hallway. On the main floor, the living rooms bay window overlooks the professionally landscaped front garden and Alexander Park with its playground. The updated kitchen opens directly to a covered side porch and the fully-fenced patio area, ideal for bbqs and outdoor entertaining. The finished basement has a good ceiling height and includes built-in storage units. It was updated in 2015 including the addition of a new egress window in the side wall of the Recreation Room, new kitchenette cabinetry, added insulation and drywall to the front storage closet and a new bathroom vanity, faucet, backsplash and toilet. Extensive storage options are available in the front and rear store rooms and the laundry room. The private drive is easily accessed from the street and can accommodate 2, or perhaps 3, vehicles. A large garden shed was installed in 2019, behind which is a garden storage container. Mimico is a community with a long history in Toronto. Its village atmosphere, great shopping and restaurants as well as many local events make it an ideal place to call home.
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Fenced Yard, Greenbelt/Conservation, Library, Park, Public Transit, School
Bar Fridge, Floor Drain, Guest Accommodations, In-Law Capability, Storage, Water Heater
Carbon Monoxide Detectors, Smoke Detector
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 42 Alexander Street, Toronto W06, ON M8V 2K8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $999,000 in Toronto, the legal minimum down payment is $74,900 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 $16,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,455 also applies, bringing the total estimated land transfer taxes to $32,910.
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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.