706-251 Manitoba St
Mimico, Toronto, Ontario M8Y 0B7
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $1,001at the range’s middle
- Tax a year
- $2,7242025 tax year
- Built
- 0-5
- Parking
- 11 underground
- Days on market
- Members
The brief
About 706-251 Manitoba St
706-251 Manitoba St is a 2-bedroom, 1-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $650,000 (MLS® W14119432).
There's something special about waking up to sunshine and lake views. Welcome to Suite 706 at 251 Manitoba Street, a bright and spacious 2-bedroom condo with sunny southern exposure and a great layout that makes the most of its nearly 700 sq. ft. of living space. The main living area is comfortable and functional, with plenty of natural light and a walkout to your private balcony. Whether it's a quiet morning with coffee overlooking the lake or relaxing after a long day, this is a space you'll actually want to spend time in. Both bedrooms are well proportioned, and the unit comes complete with underground parking and a locker. The building offers fantastic amenities, including an outdoor pool, a fully equipped fitness centre, rooftop terrace with BBQ's, sauna and steam room, party room with catering kitchen, private dining room, games room, media room, shared workspace/business centre, guest suites and concierge. And then there's the location. Grand Avenue Park is just steps away, with Humber Bay Shores, waterfront trails, great restaurants, cafes and everyday conveniences all nearby. Mimico GO, the Gardiner and downtown Toronto are easily accessible, giving you the best of both worlds: a quieter neighbourhood without giving up the convenience of the city.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall39/100−$764/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
- $2,724 / 2025
- MLS® number
- W14119432
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 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
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, stove, dishwasher, washer & dryer, all electric light fixtures & window covers
- Condo maint.
- $521
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 1.5 × 2.15 m | Closet | Main |
| Kitchen | 3.33 × 3.33 m | Combined W/Dining, Open Concept, Stainless Steel Appl | Main |
| Dining | 3.33 × 3.33 m | Combined W/Kitchen, Open Concept | Main |
| Living | 3.33 × 2.77 m | Open Concept, Overlook Water, Window Flr to Ceil | Main |
| Primary | 3.01 × 3.44 m | Large Closet, Laminate, Overlook Water | Main |
| 2nd Br | 2.82 × 2.7 m | Large Closet | Main |
Listing history
Buy/sell history for 706-251 Manitoba St, 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 | $650,000 | N/A | For Sale | W14119432 |
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
- $130,000
- Total mortgage amount
- $520,000
- Total interest payment
- $369,800
- Total purchase cost
- $1,019,800
- Mortgage payment
- $2,966/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
41%Monthly carrying cost
$3,714- Rent $2,950
- Shortfall $764
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
- $9,475
- Toronto municipal land transfer tax
- $9,475
- Total land transfer tax
- $18,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $10,475
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 $650,000
- $5,000
- Ontario total
- $9,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $9,475.
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
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 (u499) (x87)By-law
569-2013Municipality
Toronto1 u499
Unit count: at most 499 dwelling units.
2 x87
Site-specific exception 87: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(87)
4 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
11 building permits cleared at this address in the City’s file.
Other(BA)Closed
Change slope % to P2 and P3 ramp to elevator lobbies of Tower A
Issued November 4, 2022
New BuildingClosed
Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued July 5, 2021
Alternative SolutionApproved
Proposal for an alternative solution for the requirements of residential dead end corridors
Completed June 23, 2021
Building Permit Related(MS)Closed
HVAC - Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued October 19, 2020
Building Permit Related(PS)Closed
Plumbing - Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued October 16, 2020
Partial Permit - Structural FramingClosed
Part Permit - Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued October 15, 2020
Building Permit Related (DR)Closed
Drain - Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued August 21, 2019
Inside and Outside DrainsCancelled
Conditional Permit - Drain - Proposal to construct a 498-unit condominium in two buildings (12-storey and 29-storey) connected by a podium. The buildings include 3-level underground parking garage (18,985 sq. m.), common area (2,398 sq. m.), and mechanical space (1,692 sq. m.)
Issued August 20, 2019
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.
2-4 MENDOTA RDOfficial plan or zoning amendmentOMB Appeal
Proposal to amend the Official Plan and Zoning By-law to permit a 4-storey (15.2 metre) tall self-storage facility with a gross floor area of 11,168.26 square metres, 31 at-grade parking spaces and 3 truck loading bays.
480 m away29 PORTLAND STSite planUnder Review
Proposed 40-storey, 123 metre, mixed-use building containing 413 residential units.
480 m away29 PORTLAND STPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish two mixed use development blocks (Blocks 1 and 2), two park blocks (Block 3 and 4) and a road widening (Block 5) for the extension of Newcastle Street.
480 m away29 PORTLAND STSite planUnder Review
Proposed mixed-use building containing 1,058 units, 23-storey and 27-storey towers atop a nine-storey base building.
480 m away2256 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.
500 m away23 PARK LAWN RDOfficial 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).
530 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
- 234
- Median asking price
- $642K
- New in 7 days
- 23
- Price cuts
- 20%
Middle half: $541K to $799K
81 in 28 days
47 listings
This home is asking 1% above 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 |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 3 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.3 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 3.3 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 | 500 m | 68%Grade 3 average |
| George R Gauld Junior SchoolToronto DSB | Public · grades JK–5 | 800 m | 73%Grade 3 average |
| St Louis Catholic SchoolToronto CDSB | Catholic · 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 | 1.9 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 1.4 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.7 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.4 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 5.1 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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