223 - 5 Marine Parade Drive

Mimico, Toronto

223 - 5 Marine Parade Drive, Mimico, Toronto

$520,000


Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $866.67


About this Condo

in Mimico, Toronto

Welcome to Unit 223 at 5 Marine Parade Drive, a standout residence in one of Humber Bay Shores' most sought-after landmark buildings. Perfectly positioned just steps from the lake, this suite offers an exceptional balance of nature and urban convenience, within a well-established waterfront community known for its scenic trails, green spaces, and everyday amenities. From the moment you step off the elevator, the suite's separated entryway sets it apart, creating a rare sense of privacy and calm before you enter the sun-drenched and beautifully proportioned living spaces. The unique and thoughtfully designed layout is both generous and highly functional, offering distinct areas for living, dining, and relaxation. Large windows invite an abundance of natural and direct sunlight, while the suite's orientation showcases peaceful courtyard views from the balcony, offering a level of privacy that is increasingly hard to find, along with a charming peek-a-boo glimpse of the lake. The living and dining areas are generous and flow seamlessly, making the space equally suited for work, quiet evenings at home, or hosting guests. The kitchen is designed with both practicality and style in mind, featuring ample storage and workspace, within a layout that feels open, yet defined. The bedroom is spacious and bright, with room for dressers in addition to the generously-sized closet. Every detail has been considered to maximize comfort, style, livability, and a sense of openness rarely found in one-bedroom suites. Residents enjoy a well-managed building, with a full suite of amenities designed to enhance daily life, and maintenance fees that include all utilities except internet. The building is also pet-friendly with no weight restrictions, an added benefit for animal lovers. Just steps to waterfront trails, parks, cafés, and local shops, unit 223 presents a unique opportunity to enjoy space, privacy, and community in one of Toronto's most desirable lakeside enclaves.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM.


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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