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Listed 2 months ago

2703 Lake Shore Boulevard W

Mimico, Toronto

$2,350,000

Detached|Bungalow
2 | 2 | 2
About this home

Your Private Waterfront Oasis in the Heart of Toronto. Experience the rare pleasure of a Muskoka lifestyle without the gruelling commute. This magnificent Mimico waterfront residence offers the crown jewel of urban living: your very own private beach. Spend your summers on a pristine, three-year-old deck, soaking in breathtaking, unobstructed views of Lake Ontario that make "driving to the cottage" a thing of the past.This property is a versatile gem brimming with potential. Whether you choose to move in and revitalize the existing charm with your personal touch, secure a high-demand rental, or clear the canvas to build your custom architectural masterpiece, the value of this lakeside lot is unmatched. The home is offering a golden opportunity for visionaries to claim one of Toronto's most coveted shorelines.The location perfectly balances tranquility with urban energy. You are steps away from vibrant parks, tennis courts, and local marinas, with Mimico's best shops and dining right around the corner. With downtown Toronto just a short drive away, you can enjoy the peace of the waterfront and the pulse of the city in the same afternoon.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$9,358
Lot Size30 ft x 179.8 ft
mls© NumberW13194038
Listed ByFOREST HILL REAL ESTATE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$12,028
Property tax
$780
Heat allowance
$150
Housing costs
$12,958 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $470,000
25-yr amortization

Income needed

$399,000

gross annual household income

Payment at 4%
$9,889 / mo
Cash down
$470,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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