501-2287 Lake Shore Blvd
Mimico, Toronto, Ontario M8V 3Y1
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,400–1,599sq ft
- Per sq ft
- $697at the range’s middle
- Tax a year
- $4,5502026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 501-2287 Lake Shore Blvd
501-2287 Lake Shore Blvd is a 2-bedroom, 2-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $1,045,000 (MLS® W13688806).
Prestigious Grand Harbour Waterfront Residence! Discover refined lakeside living in this beautifully appointed 2-bedroom plus den suite at the highly sought-after Grand Harbour community in Humber Bay Shores. Surrounded by manicured gardens with breathtaking views of Lake Ontario, this residence offers an exceptional blend of elegance, comfort, and resort-style amenities. The spacious open-concept living and dining area showcases rich hardwood flooring, crown moulding, and expansive windows that invite abundant natural light. The updated kitchen is designed for both everyday living and entertaining, featuring granite countertops, stainless steel appliances, built-in microwave, pantry, ceramic backsplash, and stylish pot lighting. The primary suite is a private retreat with custom closet organizers and a luxurious 4-piece ensuite complete with a Jacuzzi soaker tub and pot lighting. A versatile den is ideal for a home office, reading room, or guest space. California shutters throughout add sophistication and privacy, while the private balcony overlooks the beautifully landscaped grounds. Residents enjoy an outstanding collection of amenities including 24-hour concierge and security, indoor saltwater pool, hot tub, sauna, fitness centre, two squash courts, recreation room, party room, boardroom, guest suite, wine cellar storage, and visitor parking. Perfectly situated steps from the waterfront boardwalk, Humber Bay Park, marinas, sailing school, walking and cycling trails, cafés, restaurants, and shopping, this is opportunity to experience luxury waterfront living in one of Toronto's most desirable an exceptional lakefront communities.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$4,370/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 88 homes 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
- $4,550 / 2026
- MLS® number
- W13688806
- Board
- TRREB MLS®
- Property Type
- Comm Element Condo
- Days on market
- Size
- 1400-1599 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Comm Element Condo
- Style
- 1 Storey/Apt
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 1400-1599 sqft
- Construction
- Stone
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Foundation
- Concrete
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Extras
- SS Fridge, Stove, built in dishwasher. Built in Microwave. Washer & Dryer. California Shutters. All ELF's.
- Condo maint.
- $1,948
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.31 × 4.22 m | Stainless Steel Appl, hardwood floor, Granite Counter | Flat |
| Dining | 3.35 × 4.19 m | Combined W/Living, hardwood floor, Crown Moulding | Flat |
| Living | 3.76 × 6.3 m | Combined W/Dining, hardwood floor, W/O To Balcony | Flat |
| Primary | 3.18 × 4.57 m | 4 Pc Ensuite, Laminate, Window | Flat |
| Br | 2.95 × 3.38 m | Closet, Laminate, Window | Flat |
| Den | 2.93 × 3.38 m | hardwood floor, O/Looks Garden, B/I Shelves | Flat |
Listing history
Buy/sell history for 501-2287 Lake Shore Blvd, 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 | $1,045,000 | N/A | Pc | W13688806 |
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
- $209,000
- Total mortgage amount
- $836,000
- Total interest payment
- $594,400
- Total purchase cost
- $1,639,400
- Mortgage payment
- $4,768/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
93%Monthly carrying cost
$7,095- Rent $2,725
- Shortfall $4,370
Rental income opens at $2,725, the median asking rent of 88 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
- $17,375
- Toronto municipal land transfer tax
- $17,375
- Total land transfer tax
- $34,750
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $26,275
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 $1,045,000
- $12,900
- Ontario total
- $17,375
Toronto’s municipal tax uses the same brackets at this price, so it adds another $17,375.
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 conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m45 test or monitoring holes also recorded.250 m
- Groundwater recorded about 1.5 m below ground nearbyThe middle water level in the well records within 500 m (99 records). It changes with the season and from spot to spot.500 m
- Bedrock about 7.6 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 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
- 22 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 6.6 km6.6 km
- Mapped parcel: about 75,880 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: 470 m470 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
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — Humber Treatment Plant, 1.7 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not 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 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 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
Zone
RA (x19)By-law
569-2013Municipality
Toronto1 x19
Site-specific exception 19: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(19)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
2 building permits cleared at this address in the City’s file.
Interior AlterationsPermit Issued
To add a fire rated concrete block wall to separate the existing Garage Compactor Room from the existing Storage Room on the P2 Garage Level.
Issued January 20, 2021
Other(FS)Permit Issued
Permit for replacement of Emergency Generator with reduction in output from 600kW to 500kW.
Issued May 31, 2016
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. 6 open development applications within 800 m of this home.
2256 LAKE SHORE BLVD WSite planUnder Review
Site Plan application for a mixed-use building composed of two towers rising to 35 and 18 storeys with a total gross floor area (GFA) of 39,699 square metres and density (FSI) of 6.28 times the area of the lot. The proposed development includes 594 residential dwelling units and 665 square metres of commercial space at-grade along Lake Shore Boulevard West, fronting onto a pedestrian plaza.
270 m away2405 LAKE SHORE BLVD WPlan of subdivisionAppeal Received
Draft Plan of Subdivision in order to establish one mixed use development block (Block 1), one park block (Block 5) and new public road blocks (Blocks 2 and 3) in order to facilitate the proposed development.
540 m away2405 LAKE SHORE BLVD WOfficial plan or zoning amendmentOMB Appeal
The proposed amendments to the City¿s Official Plan and Zoning By-laws would permit a development comprising approximately 35,200 square metres of residential gross floor area (about 557 units) and 368 square metres of retail space. The proposal also includes the conveyance of a 13.16¿metre-wide right¿of¿way along the northern portion of the subject lands for approximately 60.9 metres, providing a connection to Lake Shore Boulevard West (Area A). An additional 8¿metre-wide right¿of¿way is proposed along the northeasterly portion of the site, north of the planned seven¿storey component, extending approximately 61.76 metres along the eastern boundary and 48.82 metres along the western boundary. This area includes a two¿metre underground encumbrance to accommodate the parking garage (Area B).In accordance with Chapter 667 of the Toronto Municipal Code, the applicant is proposing the replacement of existing rental units with 30 new rental dwelling units.
540 m away2417 LAKE SHORE BLVD WPlan of subdivisionAppeal Received
Draft Plan of Subdivision in order to establish one mixed use development block (Block 1), one park block (Block 5) and new public road blocks (Blocks 2 and 3) in order to facilitate the proposed development.
570 m away2417 LAKE SHORE BLVD WOfficial plan or zoning amendmentOMB Appeal
The proposed amendments to the City¿s Official Plan and Zoning By-laws would permit a development comprising approximately 35,200 square metres of residential gross floor area (about 557 units) and 368 square metres of retail space. The proposal also includes the conveyance of a 13.16¿metre-wide right¿of¿way along the northern portion of the subject lands for approximately 60.9 metres, providing a connection to Lake Shore Boulevard West (Area A). An additional 8¿metre-wide right¿of¿way is proposed along the northeasterly portion of the site, north of the planned seven¿storey component, extending approximately 61.76 metres along the eastern boundary and 48.82 metres along the western boundary. This area includes a two¿metre underground encumbrance to accommodate the parking garage (Area B).In accordance with Chapter 667 of the Toronto Municipal Code, the applicant is proposing the replacement of existing rental units with 30 new rental dwelling units.
570 m away2409-2411 LAKE SHORE BLVD WPlan of subdivisionAppeal Received
Draft Plan of Subdivision in order to establish one mixed use development block (Block 1), one park block (Block 5) and new public road blocks (Blocks 2 and 3) in order to facilitate the proposed development.
570 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
- 11
- Median asking price
- $699K
- New in 7 days
- 3
- Price cuts
- 27%
Middle half: $549K to $965K
3 in 28 days
3 listings
This home is asking 49% above the median, higher than three quarters of them.
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 |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 3.5 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3.6 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 3.8 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.9 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 |
|---|---|---|---|
| David Hornell Junior SchoolToronto DSB | Public · grades JK–5 | 250 m | 68%Grade 3 average |
| St Leo Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 1 km | 86%Grade 6 average |
| John English Junior Middle SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1 km | 75%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 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.3 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.3 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 5.2 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
Similar Active Listings
Recently sold nearby
Sold prices in Mimico are shown to signed-in members.