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              For Sale 4 Days On Site

              #620 5 Marine Parade Drive

              near Lake Shore Blvd W & Parklawn
              $599,000 1+1bdr • 2ba • 1kit • 700-799sf
              Average Income
              $76,823
              Population Age
              45 y/old
              School Score
              7.30/10
              Price Index Change 1y
              +9.16%
              Price Index Change 3y
              +34.09%
              Rent Index Change 1y
              +1.80%
              Rent Index Change 3y
              +19.50%

              Condo Apt • Apartment #620 • 6 Level

              #620 5 Marine Parade Drive, Mimico, Toronto
              • Rooms and Bathrooms 1+1 bedr, 2 bath
              • Kitchens 1
              • area 700-799
              • garage 1.0 Undergrnd
              • exposure Se
              • age n/a
              • locker Owned
              • possession

                30/60 Flexible

              $599,000

              $2,009.01
              Tax yr: 2020

              $575.09/m

              CALCULATED NUMBERS:

              $2248.00

              calculator

              $2291

              3

              49 Car-Dependent

              63 Good Transit

              83 Very Bikeable

              7.30/10

              Location Details
              • Toronto

              • Toronto

              • Mimico

              • Lake Shore Blvd W & Parklawn

              • M8V4B4

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              RE/MAX HALLMARK REALTY LTD., BROKERAGE

              Property Overview
              Beautiful Waterfront Condo With Overlooking Views Of Toronto Skyline And Lake. Well Laid Out 1+1 With An Open Concept Layout, Great Storage, 2 Full Bathrooms, 1 Car Parking And Locker! Stainless Steel Appliances & Breakfast Bar. Maintenance Fees Are All Inclusive! South East Facing Unit With Walkout To Large Balcony. Concierge & Great Amenities! Steps To The Lake, Waterfront Trails, Mins To Downtown. Easy Access To Highway & Ttc. Don't Miss Out!
              Extras: Stainless Steel Fridge, Stove & Dishwasher. Washer & Dryer. Electrical Light Fixtures. All Window Coverings. Please Exclude: Light Fixtures In Living Room & Bedroom Hallway, Shelves In Living Room, And Mounted Tv In Bedroom & Living Room).
              Property Features
              • Clear View
              • Lake/Pond
              • Marina
              • Park
              • Public Transit
              • Waterfront
              • Concrete
              • Concierge
              • Exercise Room
              • Games Room
              • Guest Suites
              • Rooftop Deck/Garden
              • Visitor Parking
              • Common Elements Included
              • Ensuite Laundry
              • Heat Included
              • Hydro Included
              • Building Insurance Included
              • Parking Included
              • Water Included
              • CAC Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Seller Property Info Statement
              • Family Room
              • Cable TV Included
              Rooms details
              Kitchen
              • Flat Level
              • Breakfast Bar
              • Stainless Steel Appl
              • Open Concept
              • Size 2.65x2.45
              Living
              • Flat Level
              • Laminate
              • W/O To Balcony
              • Overlook Water
              • Size 5.15x3.50
              Dining
              • Flat Level
              • Laminate
              • Combined W/Living
              • Open Concept
              • Size 5.15x3.50
              Master
              • Flat Level
              • Laminate
              • 4 Pc Ensuite
              • W/O To Balcony
              • Size 3.70x2.98
              Den
              • Flat Level
              • Laminate
              • Separate Rm
              • Size 2.70x2.45
              Foyer
              • Flat Level
              • 3 Pc Ensuite
              • Double Closet
              • Laminate
              Other
              • Flat Level
              • Balcony
              • Se View
              • Overlook Water
              • Size 6.78x1.52
              Basement
              • None
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              • Listing added to site: 2020-09-16 10:13:40
              • Last updated: 2020-09-16 10:28:46
              • Photos updated: 2020-09-16
              • Contract date: 2020-09-16
              • Input date: 2020-09-16
              • Expiry date: 2021-03-16
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Travel Times, Streetview, Walkscore
              Listing Overview

              General:

              620 5 Marine Parade Drive is a condo apt apartment, located in Mimico of city of Toronto, Toronto region, near Lake Shore Blvd W & Parklawn, and has been available for sale on CondosDirect since 2020-09-16. This unit is located at level 6 of the building and has South-East exposure of Marine Parade Dr. Condo registry office is TSCC, corporation number 1507.

              Lot Size and Living Area:

              620 5 Marine Parade Drive has 5+0 rooms in total, including 1+1 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 700-799 square feet.
              1.0 parking space(s) are owned and located undergrnd at level Lvl C . The locker is owned. An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:

              This condo is featuring Clear View, Lake/Pond, Marina, Park, Public Transit, Waterfront at, or near the property.
              AIDA has also found the following features: Open Concept, Waterfront/Near a Lake, AIDA Recommended, and possible sellers motivation indicators such as Flexible Possession.

              Price & Cost Overview

              General:

              620 5 Marine Parade Drive condo apt is listed for $599,000. Property tax for year 2020 was $2,009. And the monthly maintenance fee was $575.

              Comparative Market Analysis:

              There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $631,778.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,248, and total expenses, including the mortgage, property tax and maintenance, fee around $2,463, assuming $599,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 620 5 Marine Parade Drive, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Mimico, where 5 Marine Parade Drive is located, has $742,171 Home Price Index, and $2,482 Home Rent Index. Average household income at dissemination area of 5 Marine Parade Drive is $76,823, and average polulation age is 45 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,037,911, and average Home Rent Index $2,588.

              Similar Properties & Community Details:

              There are similar to 620 5 Marine Parade Drive 1 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 5 Marine Parade Drive.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Mimico neighborhood in city of Toronto.

              Schools:

              There are at least 2 school(s) located near 5 Marine Parade Drive, or schools, which boundaries this address belongs to with an average School Score 7.30 out of 10. Here are more details about these schools:
              1. Étienne Brûlé Junior School (Grades JK-05), Public, Elementary, ranked as Excellent.
              2. Lakeshore Collegiate Institute (Grades 09-12), Public, Secondary, ranked as Good.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 49, 63, and 83 accordingly, location of 5 Marine Parade Drive overall can be described as Car-Dependent, Good Transit, and Very Bikeable.

              620 5 Marine Parade Drive Listings History Powered by AIDA
              Mimico, Toronto Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Toronto Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (95 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 62 to 76 properties like that to be sold in Mimico during the next 30 days.
              Seasonal sales fluctuation is showing 32% inventory increase comparing to the average annual number, which is equvalent to 52.08 properties sold per month, and 32% increase comparing to the last six months.
              How soon it can be sold?
              This property has been on the market for 4 days, which is 12 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
              Seasonal sales fluctuation is showing -12% D.O.M. decrease comparing to the average annual number, which is equvalent to 18 D.O.M., and 4% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price it can be sold?
              Similar properties currently sell very close to its asking price in Mimico.
              The selling to asking price ratio is declining in Mimico.
              This property has been on the market for less than average number of days it takes a home to sell in Mimico (16.3) .
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4914438 Comparative Market Analysis
              620 5 Marine Parade Drive Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Mimico, Toronto, to the City of Toronto for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +9.16% comparig to the City of Toronto average of +12.42%

              Price Index 3y

              Price Index change was +34.09% comparig to the City of Toronto average of +4.54%

              Rent Index 1y

              Rent Index change was +1.80% comparig to the City of Toronto average of -5.35%

              Rent Index 3y

              Rent Index change was +34.09% comparig to the City of Toronto average of +4.54%

              Walkscore

              Walkscore 49 out of 100 means Car-Dependent

              Transitscore

              Transitscore 63 out of 100 means Good Transit

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 7.30 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

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              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

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              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

              New
              $599,000
              1+1br 1ba 700-799sf

              Prop Tax

              $2,900

              Condo Fee

              $533

              Exposure

              S

              Mortg/m

              $ calculator

              WalkScore

              89

              Compare n/a

              $10,200 Cashback
              $680,000
              1br 1ba 0-499sf

              Prop Tax

              $2,595

              Condo Fee

              $298

              Exposure

              Sw

              Mortg/m

              $ calculator

              WalkScore

              98

              Compare$581,803

              $8,700 Cashback
              $579,900
              1br 1ba 500-599sf

              Prop Tax

              $2,110

              Condo Fee

              $447

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              74

              Compare$560,560

              $7,900 Cashback
              $529,999
              1+1br 1ba 600-699sf

              Prop Tax

              $1,739

              Condo Fee

              $595

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              39

              Compare$556,135

              $10,500 Cashback
              $698,800
              1+1br 1ba 600-699sf

              Prop Tax

              $2,752

              Condo Fee

              $415

              Exposure

              Se

              Mortg/m

              $ calculator

              WalkScore

              87

              Compare$683,929

              $8,200 Cashback
              $544,900
              1+1br 1ba 600-699sf

              Prop Tax

              $1,841

              Condo Fee

              $426

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              67

              Compare$535,118

              $9,300 Cashback
              $620,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,866

              Condo Fee

              $626

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              99

              Compare n/a

              $9,700 Cashback
              $649,000
              1+1br 2ba 600-699sf

              Prop Tax

              $2,866

              Condo Fee

              $491

              Exposure

              S

              Mortg/m

              $ calculator

              WalkScore

              98

              Compare n/a

              $7,500 Cashback
              $499,000
              1br 1ba 500-599sf

              Prop Tax

              $2,440

              Condo Fee

              $387

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              98

              Compare n/a

              $7,900 Cashback
              $529,000
              1br 1ba 500-599sf

              Prop Tax

              $1,860

              Condo Fee

              $316

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              90

              Compare n/a

              $10,300 Cashback
              $689,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,673

              Condo Fee

              $500

              Exposure

              Se

              Mortg/m

              $ calculator

              WalkScore

              74

              Compare$674,932

              $9,000 Cashback
              $600,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,765

              Condo Fee

              $433

              Exposure

              S

              Mortg/m

              $ calculator

              WalkScore

              90

              Compare n/a