120-2261 Lake Shore Blvd
Mimico, Toronto, Ontario M8V 3X1
- Bedrooms
- 1+1
- Bathrooms
- 2
- Size
- 900–999sq ft
- Per sq ft
- $863at the range’s middle
- Tax a year
- $3,0782026 tax year
- Built
- 31-50
- Parking
- 11 underground
- Days on market
- Members
The brief
About 120-2261 Lake Shore Blvd
120-2261 Lake Shore Blvd is a 1+1-bedroom, 2-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $819,000 (MLS® W14145508).
Marina Del Ray offers an exceptional waterfront residence with stunning views of the Humber River, Lake Ontario and Toronto's skyline all on 11 acres of manicured grounds. Nestled in one of Toronto's most sought-after waterfront communities, Marina Del Ray offers an exceptional lifestyle where nature, recreation and urban convenience come together perfectly. Bordering the yacht club and surrounded by waterfront trails and parks, this remarkable location combines the tranquility of lakeside living with the convenience of downtown Toronto, vibrant restaurants, cafes and major commuter routes just minutes away. This bright and spacious suite features large principal bedroom, and a spacious den, easily converted to a second bedroom. The unit includes two bathrooms. Filled with natural light, this floor plan offers generous living spaces & 9' ceilings on the main floor. Stunning renovated kitchen includes top of the line Fisher Paykel appliances and quartz counters. Automatic Blinds on upper windows offer tremendous flexibility. But the cherry on top is the spacious terrace allowing fabulous outdoor living all year long. BarBQ and entertain in complete privacy on your own terrace offering direct access from the exterior parking area. Residents enjoy exclusive access to the Malibu Club, a truly impressive recreation centre offering spectacular amenities including a state of the art fitness centre, indoor pool, whirlpool, sauna, Pilates studio, squash and basketball courts, two tennis courts, private theatre, billiards rooms, library, party room, and outdoor BBQ areas. This unit offers a truly exceptional waterfront lifestyle and one of Toronto's most coveted addresses. Definitely not to be missed.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall16/100−$2,201/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 92 homes 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
- $3,078 / 2026
- MLS® number
- W14145508
- Board
- TRREB MLS®
- Property Type
- Comm Element Condo
- Building Age
- 31-50
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Comm Element Condo
- Style
- 2-Storey
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 900-999 sqft
- Building Age
- 31-50
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc Upper
- 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
- Foundation
- Concrete
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Exisiting Fisher Paykel Fridge and stove, plus dishwasher, hood fan, washer, dryer, automatic and manual window blinds, exisiting light fixtures ( Except as excluded), clothes cupboards.
- Condo maint.
- $982
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.76 × 5.06 m | hardwood floor, W/O To Terrace, Combined W/Dining | Main |
| Dining | 4.76 × 5.06 m | hardwood floor, Circular Stairs, Combined W/Living | Main |
| Kitchen | 3.17 × 2.27 m | Stainless Steel Appl, Stone Counter, Pass Through | Main |
| Den | 4.03 × 2.69 m | hardwood floor, Large Window, Bar Sink | Main |
| Primary | 4.68 × 5.04 m | Ensuite Bath, Laminate, W/I Closet | Upper |
| Laundry | 2.47 × 2.61 m | Closet Organizers, Laminate, Walk-Out | Upper |
Listing history
Buy/sell history for 120-2261 Lake Shore Blvd, 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 | $819,000 | N/A | For Sale | W14145508 |
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
- $163,800
- Total mortgage amount
- $655,200
- Total interest payment
- $465,900
- Total purchase cost
- $1,284,900
- Mortgage payment
- $3,737/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
67%Monthly carrying cost
$4,976- Rent $2,775
- Shortfall $2,201
Rental income opens at $2,775, the median asking rent of 92 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
- $12,855
- Toronto municipal land transfer tax
- $12,855
- Total land transfer tax
- $25,710
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $17,235
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 $819,000
- $8,380
- Ontario total
- $12,855
Toronto’s municipal tax uses the same brackets at this price, so it adds another $12,855.
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
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 (x26)By-law
569-2013Municipality
Toronto1 x26
Site-specific exception 26: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(26)
3 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
13 building permits cleared at this address in the City’s file.
Piping: Other BuildingsInspection
Proposal for Partial Replacement of the existing domestic plumbing system, including the main DCW header, DCW express riser, and DCW & DHW risers from the B1 level up to the 13th floor in the north tower, the 8th floor in the link section and south tower, as well as auxiliary components.
Issued April 28, 2026
Building Permit Related(MS)Permit Issued
HVAC - interior alterations of bathrooms & kitchen
Issued February 2, 2021
Interior AlterationsPermit Issued
Interior alterations of bathrooms & kitchen
Issued February 2, 2021
Building Permit Related(PS)Inspection
Plumbing - interior alterations of bathrooms & kitchen
Issued February 2, 2021
Garage Repair/ReconstructionInspection
Localized parking garage waterproofing repair, localized structural slabrepairs and replacement of handrails and guards at podium deckstaircases #5 and#13
Issued August 10, 2020
Piping: Other BuildingsPermit Issued
Piping for replacement hot water and heating boilers
Issued December 27, 2017
Alter: Boiler/Furnace/AC ReplacementPermit Issued
Replacement of hot water and heating boilers
Issued December 27, 2017
Fire AlarmClosed
Fire alarm panel replacement
Issued August 11, 2015
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.
2256 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.
220 m away2195 LAKE SHORE BLVD WSite planUnder Review
INACTIVE To expand the existing TTC bus loop to accomodate a streetcar turnaround facility and to construct one-storey washroom facility for TTC drivers.
340 m away2194 LAKE SHORE BLVD WSite planUnder Review
The proposed Phase 1 development
410 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).
410 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).
410 m away2189 LAKE SHORE BLVD WSite planUnder Review
Site Plan Approval - Proposed mixed use devleopment for a 59 storey building.
410 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
- 11
- Median asking price
- $699K
- New in 7 days
- 3
- Price cuts
- 27%
Middle half: $549K to $965K
3 in 28 days
3 listings
This home is asking 17% 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1.3 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 3.4 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3.5 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 3.6 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.9 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 | 550 m | 68%Grade 3 average |
| St Leo Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 1.3 km | 86%Grade 6 average |
| George R Gauld Junior SchoolToronto DSB | Public · grades JK–5 | 1.3 km | 73%Grade 3 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.6 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 2.1 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.4 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.6 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 5 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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