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New2 hours ago

1213 - 2083 Lake Shore Boulevard W

Mimico, Toronto

$575,000

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

There's a lot to be said for a condo that actually gives you room to live. This spacious one-bedroom + den at Waterford Towers offers a bright, functional layout, 9-foot ceilings and southwest exposure with beautiful views toward the lake. The kitchen features quartz counters, stainless steel appliances and a breakfast bar, opening into a full-size living and dining area with enough space for real furniture and a proper dining table. The separate den off the entry is a great size for a dedicated home office, reading room or flexible bonus space. The bedroom is generously sized with a large closet and its own walkout to the balcony, while a second walkout from the living room brings in plenty of natural light. Outside, the private balcony gives you lake views and a natural gas BBQ line, an increasingly rare condo feature and a great extension of the living space through the warmer months. Waterford Towers is an established waterfront building with the kind of amenities and sense of community newer condos often struggle to replicate. Residents enjoy an indoor lap pool, gym, rooftop party room and terrace with panoramic views, billiards, guest suites, 24-hour concierge and The Podium, a private landscaped terrace reserved for residents, with green space and a pet-friendly outdoor area. Parking and a locker are included, with an especially convenient parking space located right beside the elevator. Set along Toronto's waterfront with trails and parks at your doorstep, plus easy access to restaurants, cafés, TTC and the Gardiner. If you value space, a thoughtful layout and lakeside living over squeezing into something newer and smaller, this one makes a lot of sense. Offers anytime. Photos have been virtually staged.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size600-699 sq. ft.
Maintenance Fees$974
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,310
mls© NumberW13810884
Listed ByRE/MAX ULTIMATE REALTY INC.
Heat Included
Common Elements Included
Water Included
Parking Included
CAC Included
Building Insurance Included

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$2,943
Property tax
$192
Heat allowance
$150
Condo fees, half counted
$487
Housing costs
$3,773 / mo

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

Down payment20% · $115,000
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,420 / mo
Cash down
$115,000

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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