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New3 hours ago

1402 - 3 Marine Parade Drive

Mimico, Toronto

$812,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

Welcome to Hearthstone by the Bay, where retirement living meets an extraordinary waterfront setting. This rarely available south-east corner suite offers spectacular views of Lake Ontario, the Humber River and Toronto's iconic skyline, including the CN Tower and Ontario Place. Imagine settling into the sunroom with your morning coffee and watching the day unfold-the sparkling waters of Lake Ontario, boats and wildlife going by, and the ever-changing skyline stretching beyond. Humber Bay Park & the waterfront trail sit right outside your door, creating a remarkable sense of tranquility and connection to the waterfront.This spacious suite offers two bedrooms, a welcoming family room and a generous living, dining and kitchen area designed for comfortable everyday living. The adjoining sunroom creates a quiet retreat to sit back, relax and take in the spectacular waterfront views. In the kitchen, two picture-perfect windows frame the view, while solid wood cabinetry and an open, airy layout add warmth and character. Both bedrooms feature walk-outs to private balconies, allowing you to enjoy the remarkable views from yet another vantage point.Hearthstone offers a refreshing alternative to traditional retirement living-the freedom of owning your own condominium, paired with the convenience of services and amenities designed to make everyday life easier and more enjoyable. The Mandatory Club Fee of $1,990.85 + HST/month includes a wide range of services and amenities, including $298.40/month in restaurant meal credits, 4 hours of housekeeping per month, 24-hour access to a nurse on duty, fitness classes, a full range of activities and shuttle bus service. Additional services and health care are available à la carte as your needs evolve, providing added comfort and support for the years ahead. An additional fee of $274.34 + HST/month applies for a second occupant.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size1000-1199 sq. ft.
Maintenance Fees$1,190
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,335
mls© NumberW14027528
Listed ByRoyal Lepage Real Estate Associates, Larose Team
CAC Included
Common Elements Included
Heat Included
Building Insurance Included
Parking Included
Water Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,156
Property tax
$361
Heat allowance
$150
Condo fees, half counted
$595
Housing costs
$5,262 / mo

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

Down payment20% · $162,400
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,417 / mo
Cash down
$162,400

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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