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    Toronto / Etobicoke / Mimico

    605 - 5 Marine Parade Dr

    For SaleGrenadier Landing Condos
    $1,255,000
    2 Beds
    2 Bath
    1 Parking
    1,000 SQFT
    16 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $920/mth
    Taxes:
    $3,598 (2024)
    Cost Per Sqft:
    $1,255/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    East West
    Possession Date:
    November 21, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Forced Air

    Room Dimensions

    2nd Bedroom
    Overlooks Water, Walkout To Balcony, Built-in Closet
    10.04 x 9.84ft
    Prim Bdrm
    4 Piece Ensuite, Walkout To Balcony, Overlooks Water
    14.11 x 11.16ft
    Living
    Combined with Dining, Overlooks Water, Walkout To Balcony
    17.09 x 13.12ft

    About this Listing

    perfect home for the executive or retiree looking for peace, tranquility, and unbelievable water views! 2 bedrooms & 2 full washrooms, 3 walk-outs to the balcony overlooking the lake and city of Toronto, all bedrooms have big windows, eat-in kitchen with stainless steel appliances, underground parking, and locker included, one of the nicest views of Toronto's waterfront, also it is the 6 th floor there is no unit above only the patio of another unit. Unobstructed views from east to south to west! It is probably the closest location to the shores of Lake Ontario. Seller will hold a first Mortgage until May 1st, 2025, no interest, with a down payment , of 650,000. This property has been leased at $4200, but can still be purchased with the assumption of the tenant till November 30th, 2025.

    Extrasb/i dishwasher, fridge, stove, vertical blinds, electrical light fixtures, all wood floors,

    right at home realtyMLS® #W9418980

    Amenities

    Concierge
    Party Room
    Rec Room
    Media Room
    Security System
    Indoor Parking

    Explore Neighbourhood

    6/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,316
    Average Individual Income
    $64,286
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $109,977
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    36%
    Semi Detached
    26%
    High Rise Apartment
    20%
    Low Rise Apartment
    11%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    58%
    Mandarin
    14%
    Other
    13%
    Cantonese
    10%
    Tagalog
    2%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    33%
    High School
    27%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Education
    5%
    Humanities
    4%
    Physical Sciences
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Grenadier Landing Condos vs The Mimico Area

    Building Trends At Grenadier Landing Condos

    Days on Strata

    Units at Grenadier Landing Condos spend an average of
    54
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    3%
    Increase in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Grenadier Landing Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    Grenadier Landing Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    Grenadier Landing Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    Grenadier Landing Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 5 Marine Parade Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$601,000 - $610,000No Data$998,000No DataNo DataNo Data
    Avg. Cost Per Sqft$930No Data$996No DataNo DataNo Data
    Avg. Wait for Unit Availability155 Days44 Days98 Days466 DaysNo DataNo Data
    Ratio of Units in Building17%44%34%5%2%1%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico