This property has been sold, leased, or taken off the market. You can view similar active listings below.
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,150,000 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 56 Elma Street, a beautifully designed residence in the heart of South Mimico, one of Toronto's most sought-after lakeside communities. Showcasing modern minimalist design, this four-bedroom home offers sophisticated living spaces, exceptional functionality, and an unbeatable waterfront lifestyle. With natural light throughout the day, the main floor open-concept layout flows seamlessly into a spectacular loft-inspired living room with dramatic ceiling heights and cozy fireplace, creating an inviting gathering space. A sleek designer kitchen with premium appliances, custom cabinetry, and refined finishes serves as the heart of the home. Just as you head to the second level, a few steps above the main level, you'll find a separate family room. Upstairs, four spacious bedrooms provide comfort and privacy for the whole family, including a luxurious primary retreat featuring a 5 pc ensuite and generous closet space. The finished lower level offers valuable additional living space with a walk-out to the backyard, making it ideal for a recreation room, home office, gym, or guest suite. Outside, the private landscaped backyard creates a serene setting for entertaining, relaxing, and enjoying warm summer evenings. Located just moments from the shores of Lake Ontario, South Mimico offers a unique blend of urban convenience and waterfront living. Enjoy scenic trails, parks, marinas, and the vibrant Humber Bay waterfront, while remaining minutes from downtown Toronto via GO Transit, TTC, and the Gardiner Expressway. Excellent schools, local cafés, restaurants, and neighbourhood amenities further enhance the appeal of this exceptional community.
Contact us to schedule a private viewing of this property.
Fenced Yard, Hospital, Library, Park, Public Transit, School
None
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 56 Elma Street, Toronto W06, ON M8V 1X8
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 $2,150,000 in Toronto, the legal minimum down payment is $430,000 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 $40,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $40,225 also applies, bringing the total estimated land transfer taxes to $80,450.
No current listings found in Toronto.
Comprehensive city-wide demographics, local real estate stats, and school rankings for Mimico, Toronto.
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.