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 $555,000 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 1 Bathroom
- Generous living space spanning 700-799 sqft
- 2.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to luxury lakeside living at 5 Marine Parade Drive. This fully renovated suite offers a bright, open-concept layout with modern finishes, soaring 9-foot ceilings, and stylish design throughout. The spacious one bedroom plus den includes a built-in closet in the den. Enjoy the convenience of ensuite laundry and the rare bonus of two owned parking spots. Walk out to your huge 23' open balcony with South East Exposure of the lake! Located just steps to the lake, trails, parks, and waterfront cafes-only minutes to downtown Toronto and the Gardiner Expressway. Maintenance covers utilities (except cable TV). Very quiet condo featuring luxury amenities designed for comfort and lifestyle. Some photos virtually staged. Two parking spots which could be rented out.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Electric Car Charger, Hospital, Lake Access, Park, Public Transit
Interior Features
Other
Security Features
Concierge/Security, Security Guard, Security System
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 319, 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 $555,000 in Toronto, the legal minimum down payment is $30,500 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 $7,575 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,575 also applies, bringing the total estimated land transfer taxes to $15,150.
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City & Neighborhood Guide
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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.
