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              #612 88 Park Lawn Road

              near Lakeshore Blvd & Park Lawn Rd
              $649,000 2+0bdr • 2ba • 1kit • 700-799sf
              Average Income
              $70,165
              Population Age
              34 y/old
              School Score
              7.30/10
              Price Index Change 1y
              +11.25%
              Price Index Change 3y
              +35.31%
              Rent Index Change 1y
              +1.14%
              Rent Index Change 3y
              +18.02%

              Condo Apt • Apartment #612 • 5 Level

              #612 88 Park Lawn Road, Mimico, Toronto
              • Rooms and Bathrooms 2+0 bedr, 2 bath
              • Kitchens 1
              • area 700-799
              • garage 1.0 Undergrnd
              • exposure Ne
              • age n/a
              • locker Owned
              • possession

                Tba

              $649,000

              $2,386.83
              Tax yr: 2020

              $551.47/m

              CALCULATED NUMBERS:

              $2435.00

              calculator

              $2621

              3

              53 Somewhat Walkable

              65 Good Transit

              75 Very Bikeable

              7.30/10

              Location Details
              • Toronto

              • Toronto

              • Mimico

              • Lakeshore Blvd & Park Lawn Rd

              • M8Y0B5

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

              RE/MAX PROFESSIONALS INC., BROKERAGE

              Property Overview
              Welcome To The Colony Loft In One Of The Most Luxurious Buildings In Humber Bay Shores! Known For Its Stunning Lobby And Outstanding 5 Star Amenities. This Gorgeous Unit Has A Very Functional Layout With Separate Living And Dining Space, Stunning, Finishes, High End Appl's, Extra Custom Storage Space In The Foyer, I0 Ft Ceilings. Many New Restaurants, Walk/Bike Trails To Dt/To, Ttc, Mimico Go & 2 Airports Close By. A Perfect Place To Call Home!
              Extras: All S/S Appliances: Fridge, Stove, Dishwasher, Microwave. Stacked White Washer/Dryer. All Elf's And Window Coverings.
              Video tour available. Click to watch.
              Property Features
              • Beach
              • Grnbelt/Conserv
              • Marina
              • Public Transit
              • School Bus Route
              • Alum Siding
              • Concrete
              • Concierge
              • Gym
              • Indoor Pool
              • Outdoor Pool
              • Security Guard
              • Visitor Parking
              • Common Elements Included
              • Condo Taxes Included
              • Ensuite Laundry
              • Heat Included
              • Building Insurance Included
              • Parking Included
              • Water Included
              • CAC Included
              • Fireplace/Stove
              • Hydro Included
              • Family Room
              • Cable TV Included
              • Central Vac
              Rooms details
              Living
              • Flat Level
              • Open Concept
              • W/O To Balcony
              • Window Flr To Ceil
              Dining
              • Flat Level
              • Open Concept
              • Hardwood Floor
              Kitchen
              • Flat Level
              • Stainless Steel Appl
              • Centre Island
              • Hardwood Floor
              Master
              • Flat Level
              • 3 Pc Bath
              • W/I Closet
              • Hardwood Floor
              2nd Br
              • Flat Level
              • Closet Organizers
              • Sliding Doors
              • Hardwood Floor
              Basement
              • None
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              • Listing added to site: 2020-10-16 17:19:41
              • Last updated: 2020-10-17 00:50:05
              • Photos updated: 2020-10-16
              • Contract date: 0000-00-00
              • Input date: 0000-00-00
              • Expiry date: 0000-00-00
              • 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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              More Options

              Travel Times, Streetview, Walkscore
              Listing Overview

              General:

              612 88 Park Lawn Road is a condo apt apartment, located in Mimico of city of Toronto, Toronto region, near Lakeshore Blvd & Park Lawn Rd, and has been available for sale on CondosDirect since 2020-10-16. This unit is located at level 5 of the building and has North-East exposure of Park Lawn Rd. Condo registry office is TSCC, corporation number 2243.

              Lot Size and Living Area:

              612 88 Park Lawn Road has 6+0 rooms in total, including 2+0 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 P3/C/82 . 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 Beach, Grnbelt/Conserv, Marina, Public Transit, School Bus Route at, or near the property.
              AIDA has also found the following features: Modern/Renovated/Well Maintained, AIDA Recommended, and possible sellers motivation indicators such as Flexible Possession.

              Price & Cost Overview

              General:

              612 88 Park Lawn Road condo apt is listed for $649,000. Property tax for year 2020 was $2,387. And the monthly maintenance fee was $551.

              Comparative Market Analysis:

              There are similar 2+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $697,109.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,435, and total expenses, including the mortgage, property tax and maintenance, fee around $2,680, assuming $649,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 612 88 Park Lawn Road, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Mimico, where 88 Park Lawn Road is located, has $758,232 Home Price Index, and $2,476 Home Rent Index. Average household income at dissemination area of 88 Park Lawn Road is $70,165, and average polulation age is 34 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,050,914, and average Home Rent Index $2,584.

              Similar Properties & Community Details:

              There are similar to 612 88 Park Lawn Road 2 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 88 Park Lawn Road.
              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 88 Park Lawn Road, 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 53, 65, and 75 accordingly, location of 88 Park Lawn Road overall can be described as Somewhat Walkable, Good Transit, and Very Bikeable.

              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 (105 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 66 to 81 properties like that to be sold in Mimico during the next 30 days.
              Seasonal sales fluctuation is showing 35% inventory increase comparing to the average annual number, which is equvalent to 54.5 properties sold per month, and 30% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 3 days, which is 13 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 -17% D.O.M. decrease comparing to the average annual number, which is equvalent to 19 D.O.M., and -2% decrease comparing to the last six months indicating slightly growing demand for this type of properties within this price range.
              At what price can it be sold?
              Similar properties currently sell very close to its asking price in Mimico.
              The selling to asking price ratio is growing in Mimico.
              This property has been on the market for less than average number of days it takes a home to sell in Mimico (15.9) .
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4956319 Comparative Market Analysis
              612 88 Park Lawn Road 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 +11.25% comparig to the City of Toronto average of +6.195%

              Price Index 3y

              Price Index change was +35.31% comparig to the City of Toronto average of +6.78%

              Rent Index 1y

              Rent Index change was +1.14% comparig to the City of Toronto average of +2.03%

              Rent Index 3y

              Rent Index change was +35.31% comparig to the City of Toronto average of +6.78%

              Walkscore

              Walkscore 53 out of 100 means Somewhat Walkable

              Transitscore

              Transitscore 65 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

              Assuming Fixed Rate, Monthly Payments

              (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

              $10,200 Cashback
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              Condo Fee

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              WalkScore

              79

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