- Bedrooms
- 1+1
- Bathrooms
- 2
- Size
- 800–899sq ft
- Per sq ft
- $693at the range’s middle
- Tax a year
- $2,7932026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 221-5 Marine Parade Dr
221-5 Marine Parade Dr is a 1+1-bedroom, 2-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $589,000 (MLS® W14088932).
Welcome to Grenadier Landing! Offering a rare combination of space, comfort and waterfront convenience, this beautifully maintained 815 sq. ft. 1-bedroom plus den, 2- 4 pc bathrooms and 9' ceilings is notably larger than many comparable layouts, which are typically closer to 720 sq. ft. The additional square footage is reflected in the thoughtfully designed floor plan, including the uncommon benefit of a separate dining area, providing generous space for everyday living and entertaining. The spacious primary bedroom features ample closet space and a 4-piece ensuite, while the versatile den makes an ideal home office. A second full 4-piece bathroom adds convenience for guests. The modern galley kitchen offers stainless steel appliances and ample cabinetry, while the bright living areas open onto a southwest-facing balcony. Grenadier Landing is a well-managed building offering an impressive selection of amenities, including a 24-hour concierge, fitness centre, party and media rooms, billiards, table tennis, library, guest suites, landscaped courtyard with BBQ facilities and a 7th-floor outdoor terrace with lake views. Ideally situated steps from the waterfront, Humber Bay Shores Park, Martin Goodman Trail, neighbourhood cafés and restaurants, with TTC at your doorstep. Enjoy the perfect balance of lakeside living, urban convenience and exceptional recreational amenities in one of Toronto's desirable waterfront communities. **Includes Parking, Locker and Bike Storage.** Make this home for the holidays...
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall38/100−$813/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 66 condos with 2 bedrooms for lease in Mimico right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,793 / 2026
- MLS® number
- W14088932
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Fan Coil
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Microwave, B/I Dishwasher, Washer & Dryer (all appliances As-Is) Photos have been virtually staged
- Condo maint.
- $842
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 2.37 × 1.53 m | Closet, Laminate | Main |
| Living | 3.47 × 5.79 m | W/O To Balcony, Laminate | Main |
| Dining | 2.11 × 2.7 m | Window Flr to Ceil, O/Looks Garden | Main |
| Kitchen | 2.42 × 2.47 m | Stainless Steel Appl, Galley Kitchen | Main |
| Den | 2.7 × 3.1 m | Laminate, Separate Rm | Main |
| Bathroom | 1.84 × 2.42 m | 4 Pc Bath, Tile Floor | Main |
| Primary | 4.43 × 2.89 m | 4 Pc Ensuite, W/O To Balcony | Main |
| Bathroom | 1.68 × 2.89 m | 4 Pc Ensuite, Tile Floor | Main |
Listing history
Buy/sell history for 221-5 Marine Parade Dr, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $589,000 | N/A | For Sale | W14088932 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $117,800
- Total mortgage amount
- $471,200
- Total interest payment
- $335,200
- Total purchase cost
- $924,200
- Mortgage payment
- $2,688/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
44%Monthly carrying cost
$3,763- Rent $2,950
- Shortfall $813
Rental income opens at $2,950, the median asking rent of 66 comparable homes for lease in Mimico. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $8,255
- Toronto municipal land transfer tax
- $8,255
- Total land transfer tax
- $16,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $8,035
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $589,000
- $3,780
- Ontario total
- $8,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $8,255.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 m1 test or monitoring hole also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 9.1 m.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 4 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 5.7 km5.7 km
- Mapped parcel: about 76,730 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 200 m200 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — Humber Treatment Plant, 560 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
9 building permits cleared at this address in the City’s file.
Garage Repair/ReconstructionPermit Issued
Proposal for underground garage repair.
Issued March 1, 2022
Interior AlterationsRevision Issued
Rev 1: New partition walls, HVAC work, Plumbing work and SPrinkler workInterior alterations to expand Unit 128 into Unit 129 for retail store * Grenadier Convenience*
Issued August 18, 2020
Building Permit Related(PS)Permit Issued
Plumbing - Interior alterations to expand Unit 128 into Unit 129 for retail store * Grenadier Convenience*
Issued April 24, 2020
Building Permit Related(MS)Inspection
HVAC - Interior alterations to expand Unit 128 into Unit 129 for retail store * Grenadier Convenience*
Issued April 24, 2020
Piping: Other BuildingsClosed
Revision to remove Suite 1003 from the list of suites that has been approved for the scope of work.
Issued April 23, 2018
Other(PS)Closed
Proposal for kitec plumbing replacement in unit 429.
Issued February 26, 2018
Garage Repair/ReconstructionClosed
Proposal to repair existing garage ramp for 3 & 5 Marine Parade Dr.
Issued November 15, 2017
Other(PS)Inspection
Replace Kitec plumbing in condo unit, domestic water piping.
Issued June 27, 2017
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 5 open development applications within 800 m of this home.
125 THE QUEENSWAYOfficial plan or zoning amendmentOMB Appeal
The re-designation of the Subject Lands will enable the proposed mixed-use development consisting of seven buildings ranging in height from 12-storeys to 50-storeys.
500 m away2150 LAKE SHORE BLVD WPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish development blocks and new streets (a total of 10 blocks).
630 m away2150 LAKE SHORE BLVD WSite planUnder Review
Proposed new transit station: Park Lawn GO Station. The station will be accessed from both sides of Park Lawn Road and from both the north and south sides of the Metrolinx-Lake Shore West rail corridor. There are two proposed main entrances to the station located on the east side of Park Lawn Road, one on the north side of the rail corridor and the other on the south side of the rail corridor that will be connected to an adjacent mixed-use development (22 131744 WET 03 SA). A third entrance building is located on the west side of Park Lawn Road. NOTE: The current documents comprise the second resubmission.
630 m away2150 LAKE SHORE BLVD WSite planUnder Review
The proposed Phase 1 development
630 m away2150 LAKE SHORE BLVD WOfficial plan or zoning amendmentUnder Review
An Official Plan and Zoning By-law Amendment application in order to redesignate the lands (from Regeneration Areas to Mixed Use Areas and Parks and Open Spaces) for a new GO Station as well as to permit an intensified mixed-use development which would include mid-rise and tall buildings (including 15 towers with heights ranging from 28 to 70-storeys). The redevelopment of this site would be completed in multiple phases with new public and private streets, a new public park (1.25 ha), and two Squares (Station Square (4,311 square metres) and Boulevard Square (3,358 square metres)). This proposal includes a total gross floor area of approximately 701,809 square metres which would be a combination of residential (584,932 square metres), commercial (63,444 square metres), retail (36,364 square metres), and institutional/other (17,071 square metres) uses on the lands municipally known as 2150 & 2194 Lake Shore Boulevard West and 23 Park Lawn Road. This proposal includes a total of 7,504 residential units and 4,422 vehicular parking spaces. Refer to File Number 20 146496 WET 03 SB for the related Draft Plan of Subdivision application in order to establish development blocks and new streets (a total of 10 blocks).
630 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Mimico right now
- For sale now
- 233
- Median asking price
- $635K
- New in 7 days
- 22
- Price cuts
- 20%
Middle half: $540K to $799K
80 in 28 days
47 listings
This home is asking 7% below the median.
See all homes in MimicoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Mimico GO | GO Transit train: Lakeshore West | 2.3 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.5 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.7 km |
| High Park Station | TTC subway: Line 2 Bloor-Danforth | 2.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.3 km | 61%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 1.3 km | 79%Grade 3 average |
| Swansea Junior and Senior Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1.5 km | 79%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.5 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 2.3 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.5 km | 81%Grade 9 math |
| The Student SchoolToronto DSB | Public · grades 9–12 | 3 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.8 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Mimico are shown to signed-in members.