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 $1,250,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1200-1399 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Primary Bedroom - Main Floor, Central Vacuum, Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Grenadier Landing, a Elegant waterfront condominium residence in the heart of Toronto's Mimico neighbourhood. Developed by Davies Smith Developments and completed in 2003, this well-managed 12-storey building with Prime Waterfront views of Lake Ontario. Unobstructed Panoramic views, from Sunrise to Set, Over 1300 Sq Ft of Open concept, 9' ceilings and 2 very generous sized bedrooms, 2 Full baths and a wrap around balcony. Updated Quartz Kitchen counters. Well managed building with superior amenities - 24-hr concierge, fully equipped gym, party room, games room, theatre, and steps to the waterfront trail, cafes, restaurants, transit, and more!
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Primary Bedroom - Main Floor, Central Vacuum, Carpet Free
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Pricing & Value Insights
Data-driven valuation for 5 Marine Parade Drive 805, 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 $1,250,000 in Toronto, the legal minimum down payment is $250,000 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 $21,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,475 also applies, bringing the total estimated land transfer taxes to $42,950.
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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.
