5 Marine Parade Drive, Unit 23, Toronto, ON
Property no longer active
This property was sold on July 31, 2026. This listing is for reference purposes only. to view the sold price.
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 $990,000 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 1000-1199 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
Welcome to a quiet boutique mid-rise sanctuary with forever-unobstructed panoramic views of the city skyline and Lake Ontario. As a coveted corner suite, this residence is wrapped in floor-to-ceiling windows, filling the suite with natural light and offering lake views from every room. Enjoy front-row moments of breathtaking sunrises, unforgettable sunsets, dazzling fireworks displays, and the annual air show - all from the comfort of home. The bright, open-concept split two-bedroom layout provides exceptional privacy. A generous balcony extends your living space outdoors, while an extra-large parking spot with two bike racks, EV charging in the building, plus a spacious locker, add everyday convenience. All-inclusive condo fees cover water, heat, electricity, and air conditioning, ensuring simple, predictable monthly living. Whether you're entertaining against a stunning waterfront backdrop or unwinding as the sun sets over the lake, this exceptional residence offers a lifestyle as inspiring as its views.
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Property Summary
This condo apartment located at 5 Marine Parade Drive, Toronto is currently for sale and has been available on SousaSells for 16 days. This property is listed at $990,000 with an estimated mortgage of $3,295* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 square feet. 5 Marine Parade Drive, Toronto is in the Mimico neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Mimico, Toronto.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1000-1199 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Carpet Free
Security Features
- Concierge/Security
Community Features
None listed
Frequently Asked Questions about 5 Marine Parade Drive, Unit 23, Toronto, ON
Q.What is the asking price for 5 Marine Parade Drive, Unit 23, Toronto, ON ?
The current listing price for 5 Marine Parade Drive, Unit 23, Toronto, ON in Mimico, Toronto is $990,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 1000-1199 sqft.
Q.What property type and architectural style is 5 Marine Parade Drive, Unit 23, Toronto, ON ?
5 Marine Parade Drive, Unit 23, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free.
Q.What security features are installed at 5 Marine Parade Drive, Unit 23, Toronto, ON ?
Security features include: Concierge/Security.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 5 Marine Parade Drive 623, Toronto, 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 $990,000 in Toronto, the legal minimum down payment is $74,000 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 $16,275 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,275 also applies, bringing the total estimated land transfer taxes to $32,550.
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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.