5 Marine Parade Drive, Unit 223, Toronto, ON

$499,000
MLS#:W13705550
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Added:Aug 24, 2026(5 days ago)
Updated:Aug 24, 2026(5 days ago)
Last Checked:18 minutes ago

Property Highlights

Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Mimico. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $499,000 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

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.

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This condo apartment located at 5 Marine Parade Drive, Toronto is currently for sale and has been available on SousaSells for 5 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 5 Marine Parade Drive, Toronto is in the Mimico neighborhood.

Work with the SOUSA TEAM to unlock your .

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Mimico, Toronto.

Great for Small Household / Couples
What We Love About This Home
  • •1 spacious bedroom layout offering versatile living space
  • •1 well-appointed bathroom
  • •600-699 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.

Target Buyer Match

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
AddedAug 24, 2026 (5 days ago)
UpdatedAug 24, 2026 (5 days ago)
Last Checked18 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$2,370.99

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Carpet Free

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 5 Marine Parade Drive, Unit 223, Toronto, ON

Q.What is the asking price for 5 Marine Parade Drive, Unit 223, Toronto, ON ?

The current listing price for 5 Marine Parade Drive, Unit 223, Toronto, ON in Mimico, Toronto is $499,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 1 bedroom and 1 bathroom across approximately 600-699 sqft.

Q.What property type and architectural style is 5 Marine Parade Drive, Unit 223, Toronto, ON ?

5 Marine Parade Drive, Unit 223, Toronto, ON is a Condo Apartment (1 Storey/Apt) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

Virtual Tour & 3D Walkthrough

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Location

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5 Marine Parade Drive, Unit 223, Toronto, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Mimico-Queensway, Toronto

SAFETY RATING2.2 / 10
Active Urban Center
Total Annual Incidents1,077 incidents / yr
Average Per Month89.8 incidents / mo
Population Benchmark24,090 residents
Personal Safety
Elevated

872 assaults (3705.0/100k)

Property Security
Moderate

51 B&E (216.7/100k)

Auto Theft Risk
Elevated

79 thefts (335.7/100k)

1-Year Trend
â–˛ +50.4%

Elevated vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

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.

Source: Toronto Police Service (TPS) ArcGIS Open Data
Halton & GTHA Police Network

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.

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5 Marine Parade Drive 223, Toronto, ON M8V 4B4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

Configure Loan Settings

Interest Rate4.00%
Down Payment$149,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period30 Years
Estimated Monthly Payment$1,661Based on a loan of $349,300 over 30 years.
Purchase Price$499,000
Loan Amount$349,300
Provincial Land Transfer Tax:$6,455
Toronto Municipal Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$12,910

About Purchasing a Home in Toronto, ON

For a property listed at $499,000 in Toronto, the legal minimum down payment is $24,950 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 $6,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,455 also applies, bringing the total estimated land transfer taxes to $12,910.

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Mimico, Toronto Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Mimico, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$920,841

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Best Schools in Mimico, Toronto

Elementary Schools

St Louis
Public11 Morgan Avenue, Etobicoke, Toronto, Ontario, M8Y 2Z7
7.6
St Mark
Public45 Cloverhill Road, Etobicoke, Toronto, Ontario, M8Y 1T4
5.2
John English
Public95 Mimico Avenue, Etobicoke, Toronto, Ontario, M8V 1R4
6.0
Sainte-Marguerite-d'Youville
Public755 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
7.7
Swansea
Public207 Windermere Avenue, High Park-Swansea, Toronto, Ontario, M6S 3J9
7.7

Secondary Schools

Etobicoke-Arts
Public675 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T1
8.2
Bishop Allen
Public721 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
8.7
Lakeshore
Public350 Kipling Avenue, Etobicoke, Toronto, Ontario, M8V 3L1
4.9
Pope John Paul II
PublicFern Avenue, High Park-Swansea, Toronto, Ontario, M6R 2L4
6.7
Western
Public125 Evelyn Crescent, Toronto, Ontario, M6P 3E3
6.8

Mimico, Toronto Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

Need more details or a custom CMA?

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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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