505-88 Park Lawn Rd
Mimico, Toronto, Ontario M8Y 0B5
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $890at the range’s middle
- Tax a year
- $3,8442026 tax year
- Built
- 11-15
- Parking
- 11 underground
- Days on market
- Members
The brief
About 505-88 Park Lawn Rd
505-88 Park Lawn Rd is a 2+1-bedroom, 2-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $979,000 (MLS® W14127418).
Discover the exceptional lifestyle offered at South Beach Condos, a Miami-inspired residence in the heart of Humber Bay Shores. This immaculate corner suite features two bedrooms plus a den, two bathrooms, and southwest views showcasing partial lake views, the surrounding conservation lands. Freshly painted, professionally cleaned, and ready to move into, the suite also features brand-new, recently installed vinyl flooring. The bright and spacious layout is enhanced by an abundance of natural light, elegant finishes, and premium European stainless-steel appliances. One parking space and one locker are included. Step onto the expansive private wraparound corner balcony, an ideal outdoor space for relaxing while enjoying beautiful sunrises, colourful sunsets, and the surrounding scenery. South Beach provides an impressive selection of resort-inspired amenities, including indoor and outdoor swimming pools, hot tubs, saunas, steam rooms, a fully equipped fitness center with extensive cardio equipment, basketball and squash courts, a newly renovated party room, an elegant residents' lounge, an 18-seat theatre, two billiards tables, a library, two guest suites, ample visitor parking, and 24-hour concierge and security services. The luxurious lobby and striking outdoor waterfall create a memorable entrance and reflect the building's distinctive style. This highly convenient waterfront location offers quick access to the Gardiner Expressway, Humber Bay Park East and West, Mimico Cruising Club Marina, the seasonal farmer's market, TTC, and a direct bus ride of approximately 10 minutes to Mimico GO Station. Grocery stores, the LCBO, Shoppers Drug Mart, restaurants, and cafés are all conveniently located nearby, while downtown Toronto is approximately a 20-minute drive away. Spend your evenings exploring the neighbourhood or walking along the scenic Humber Bay waterfront trails. An exceptional suite offering functional space, views, amenities, and a prime waterfront location.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall32/100−$1,631/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 23 condos with 3 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
- $3,844 / 2026
- MLS® number
- W14127418
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 11-15
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Building Age
- 11-15
- Construction
- Alum Siding
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 3pc 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
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All Appliances: New S/S Fridge Sept. 2026. , S/S Stove New Stove Door Oct. 2026, S/S Dishwasher, S/S Microwave, Blk Cook-top. Stacked Washer/Dryer. ELF's, New Premium Vinyl Flooring Sept. 2026.
- Condo maint.
- $944
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.05 × 6.54 m | Sliding Doors, W/O To Balcony, Sw View | Flat |
| Dining | 2.32 × 3.21 m | Separate Rm, Open Concept, Vinyl Floor | Flat |
| Kitchen | 2.55 × 3.81 m | Centre Island, Stainless Steel Appl, Granite Counter | Flat |
| Primary | 2.96 × 3.87 m | W/I Closet, 3 Pc Ensuite, Vinyl Floor | Flat |
| 2nd Br | 2.75 × 3.0 m | Window Flr to Ceil, Large Closet, Vinyl Floor | Flat |
| Den | 1.69 × 1.99 m | Separate Rm, Sliding Doors, Vinyl Floor | Flat |
Listing history
Buy/sell history for 505-88 Park Lawn Rd, 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 | $979,000 | N/A | For Sale | W14127418 |
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
- $195,800
- Total mortgage amount
- $783,200
- Total interest payment
- $556,900
- Total purchase cost
- $1,535,900
- Mortgage payment
- $4,467/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
49%Monthly carrying cost
$5,731- Rent $4,100
- Shortfall $1,631
Rental income opens at $4,100, the median asking rent of 23 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
- $16,055
- Toronto municipal land transfer tax
- $16,055
- Total land transfer tax
- $32,110
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $23,635
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 $979,000
- $11,580
- Ontario total
- $16,055
Toronto’s municipal tax uses the same brackets at this price, so it adds another $16,055.
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 Yossi Kaplan, MBA, Salesperson 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 m51 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 (280 records). It changes with the season and from spot to spot.500 m
- Bedrock about 6.1 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 activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 5 building permits issued within 250 m in the last 2 years250 m
- 3 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 6.5 km6.5 km
- Mapped parcel: about 112,210 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 · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 60 m60 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, 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about 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 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.90 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
- In the mapped Ravine and Natural Feature Protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City 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
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
23 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).
210 m away23 PARK LAWN RDSite planUnder Review
The proposed Phase 1 development
210 m away23 PARK LAWN RDPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish development blocks and new streets (a total of 10 blocks).
210 m away2194 LAKE SHORE BLVD WOfficial 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).
320 m away2194 LAKE SHORE BLVD WPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish development blocks and new streets (a total of 10 blocks).
320 m away2194 LAKE SHORE BLVD WSite planUnder Review
The proposed Phase 1 development
320 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
- 232
- Median asking price
- $642K
- New in 7 days
- 23
- Price cuts
- 20%
Middle half: $540K to $799K
81 in 28 days
47 listings
This home is asking 53% 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1.3 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2.9 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 3.2 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.4 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 | 600 m | 68%Grade 3 average |
| George R Gauld Junior SchoolToronto DSB | Public · grades JK–5 | 1.1 km | 73%Grade 3 average |
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.2 km | 61%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.1 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 1.6 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.7 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 4.8 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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