
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,769,000 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.
Welcome to this beautifully renovated detached four-bedroom, five-bathroom home in the highly desirable Mimico community. This pocket of Mimico is known for its charming village feel, walkable local shops, and steps to GO transit, parks, schools, and the waterfront.The home features a fully updated interior.The main and second floors feature milled ash hardwood floors reclaimed from barns in southwestern Ontario, a stunning kitchen with quartz countertops and a functional, modern layout ideal for family living and entertaining. A walkout from the kitchen leads directly to the back garden, creating an easy indoor outdoor flow for everyday living. A powder room on the main floor adds everyday convenience. The underpinned basement offers rare eight foot ceilings, heated floors, a spacious and cozy family room, and a self contained in law suite with a separate entrance that is well suited for extended family or income potential. Upstairs, the primary suite showcases a vaulted ceiling, creating a bright, airy retreat with a sense of openness and calm. Both second floor bathrooms are finished with luxurious heated floors and skylights adding comfort and refinement to daily routines. The guest suite on this level also features a skylight that brings natural light into the space. Walk in closets and plenty of storage throughout the home add to its practicality and appeal.A separate detached garage provides valuable additional space and would make an excellent studio, workshop, gym, or creative workspace. At the end of the street, a newly updated public park offers a climbing gym, splash pad, dog park, and running track, creating a vibrant extension of the neighbourhood for families and people who enjoy an active outdoor lifestyle.Located steps from Mimico Village, parks, schools, and transit, this home blends luxury, comfort, and convenience in one of Etobicoke's most sought after neighbourhoods.
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This detached home located at 55 Algoma Street, Toronto is currently for sale and has been available on SousaSells for 1 day. This property is listed at $1,769,000 with an estimated mortgage of $5,888* per month. It has 4 beds, 5 bathrooms, and is 1500-2000 square feet. 55 Algoma Street, Toronto is in the Mimico neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Mimico, Toronto.
Growing families needing multi-bedroom flexibility and space in Mimico, Toronto.
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No historical data available for this property.
This could be the first listing for this address.
If you are looking for a house in Toronto or researching Toronto real estate for sale, this 4-bedroom detached at 55 Algoma Street, Toronto, ON offers an exceptional opportunity to buy a home in Toronto, Ontario. Whether you are a first-time Toronto home buyer or comparing active Toronto MLS® homes for sale, working with a dedicated Toronto buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
Browse all verified Toronto real estate listings, compare active Toronto houses for sale, and view brand new MLS® inventory before it hits the open market.
Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Toronto realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Estimated mortgage: $5,888*/month*. Estimated Ontario Land Transfer Tax: $63,710. First-time Toronto home buyers may qualify for up to $8,475 in rebates.
The current listing price for 55 Algoma Street, Toronto, ON in Mimico, Toronto is $1,769,000.
This property features 4 bedrooms and 5 bathrooms across approximately 1500-2000 sqft.
55 Algoma Street, Toronto, ON is a Detached (2-Storey) featuring a Apartment, Separate Entrance, Full, Finished basement.
Key property features include: Fenced Yard, Library, Park, Public Transit, School.
Interior highlights include: Accessory Apartment, In-Law Suite, On Demand Water Heater, Sump Pump.
Yes, this property offers parking space for 1.0 vehicle (Detached).
Heating is provided via Gas and cooling via Central Air.
Mimico-Queensway, Toronto
872 assaults (3705.0/100k)
51 B&E (216.7/100k)
79 thefts (335.7/100k)
Elevated vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Data-driven valuation for 55 Algoma Street, Toronto, ON M8Y 1C4
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 $1,769,000 in Toronto, the legal minimum down payment is $353,800 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 $31,855 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $31,855 also applies, bringing the total estimated land transfer taxes to $63,710.
Comprehensive city-wide demographics, local real estate stats, and school rankings for Mimico, Toronto.
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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.
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