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1 / 0
New2 hours ago

505 - 88 Park Lawn Road

Mimico, Toronto

$979,000

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

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.

Extras

No extras listed.

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Open houses

  • Sat, Oct 31

    2:00 PM – 4:00 PM

  • Sun, Nov 1

    2:00 PM – 4:00 PM

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Got questions?

Contact Macallum directly.

agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size1000-1199 sq. ft.
Maintenance Fees$944
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,844
mls© NumberW14127418
Listed ByRE/MAX PROFESSIONALS INC.
Heat Included
Common Elements Included
Building Insurance Included
Water Included
CAC Included

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%
$5,011
Property tax
$320
Heat allowance
$150
Condo fees, half counted
$472
Housing costs
$5,954 / mo

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

Down payment20% · $195,800
25-yr amortization

Income needed

$183,000

gross annual household income

Payment at 4%
$4,120 / mo
Cash down
$195,800

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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