5 Marine Parade Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Mimico. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $550,000 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: Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to #303-5 Marine Parade Drive, a rare opportunity to own in the highly sought-after Grenadier Landing at Humber Bay Shores in Mimico, where waterfront living meets urban convenience. This beautifully maintained lakefront condo offers stunning views of Lake Ontario and the Toronto skyline, creating a serene backdrop to everyday living. Featuring an open-concept layout, the suite boasts a full-size kitchen with a sit-up peninsula overlooking the combined living and dining area, perfect for both relaxing and entertaining. Expansive windows fill the space with natural light, while dual walkouts lead to a private balcony with peaceful views of both the lake and landscaped courtyard-an ideal setting to unwind and enjoy the sounds of nature. The spacious primary bedroom also features direct balcony access and lake views, enhancing the sense of retreat. Complete with in-suite laundry, this unit offers both comfort and functionality. Residents enjoy premium amenities including a gym, rooftop terrace, concierge service, and a beautifully maintained courtyard with a community BBQ area. Ideally located steps to the waterfront, scenic trails, parks, and public transit, with quick access to major highways and downtown Toronto, this is an exceptional lifestyle opportunity in a well-managed building that showcases true pride of ownership. **Utilities Included in Maintenance Fee** Only Pay Internet
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake/Pond, Park, Place Of Worship, Waterfront, Public Transit
Interior Features
Storage
Security Features
Concierge/Security
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 303, 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 $550,000 in Toronto, the legal minimum down payment is $30,000 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 $7,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,475 also applies, bringing the total estimated land transfer taxes to $14,950.
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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.
