There are a variety of property types to choose from when looking for real estate to rent in Mimico. There are 7 houses, 1 townhouses, and 45 condos for rent. For past listings, search our Mimico sold and expired listings. The average listing price in Mimico for all home types is $811,423. The average list price differs significantly when broken down by home type. The average rental price of a house is $2,514, $2,995 for a townhouse, and $2,657 for a condo. There are many popular neighbourhoods surrounding Mimico, including Humber Bay Shores, Humber Bay, The Queensway, Royal York South, Sunnylea, New Toronto, Old Mill that offer a variety of rental prices and unique areas to live. Mimico also has many options for buyers with 52 active listings and an average list price of $811,423.
The gateway to Etobicoke, Mimico is a well-valued residential nook with all the perks of lakeside living.
Extending north from the shores of Lake Ontario, Mimico joins Toronto’s western downtown fringes to Etobicoke. It’s a mostly residential neighbourhood featuring a mix of older, detached houses, with booming condo development by the waterfront. Mimico is considered a good option for those who seek a quieter residential lifestyle, but with convenient access to the city’s business and entertainment centre.
Mimico is bordered by Evans Avenue to the north, Lake Ontario to the south, Dwight Avenue to the west, and Louisa Street to the East. It is considered to be a well-valued real estate pocket, and relatively affordable compared to Toronto’s more central neighbourhoods.
An affordable option for young professionals and families
Roughly 26,500 people call Mimico home, representing a wide variety of backgrounds and economic standing. Once a city of its own with industrial roots, some of Mimico’s occupants have resided there for decades, while others have more recently settled into newly-developed condo and townhome subdivisions, which offer convenient proximity to Toronto’s downtown core.
Most of Mimico’s residents are working class, earning an average after-tax income of $69,464, and aged between 25 – 65 years old. There are fewer children and youth living there than in other parts of the city (- 27.1% and -30.8%, respectively), though there are a number of schools in the area. Seventy-five per cent speak English as a home language, however the area is also home to Polish (5.8%), Russian (2.9%) and Spanish (29%) populations.
A unique mix of homes that reflect an affluent history
Originally farm land in the early 1900s, residential Mimico was later developed around the railway servicing the east-west corridor along the lake and through Toronto. A number of wealthy families chose to build estates in the area, while others set up seasonal vacation homes by the water. As a result, many of Mimico’s original houses include cottages, bungalows and grand, multi-storey historical homes.
However, as demand for affordable housing grows close to Toronto’s downtown core, the waterfront now features a number of glass high-rise condominiums, with townhouse developments located on the north side of Lake Shore Boulevard, offering a range of affordability options.
Enjoy access to lake-side parks and trails, just minutes from Toronto’s downtown amenities
Those seeking stunning natural views won’t be disappointed in Mimico; recent park developments have made the most of its lakeside location, featuring a system of trails, interlinking parks and beaches. Cyclists, joggers and families will enjoy Humber Bay East and West parks, as well as the Mimico Linear Park, which connects several green spaces along the shore. It’s also a popular spot for boating and sailing enthusiasts, who can keep their watercraft in a nearby slip and enjoy the perks of the Etobicoke Yacht Club.
While Mimico offers an idyllic escape from the bustle of downtown, those seeking walkable shopping and dining may find their options limited to commercial strips along Royal York, Queensway and Lake Shore Blvd. Those who commute downtown may also be frustrated by comparatively infrequent public transit service offered by the 501 Queen streetcar, which sends only select cars west of the Humber Loop.
|School Name||Fraser Institute Rankings|
|Etobicoke School of the Arts||8.3|
|John English School||7.6|
|Second Street School||6.4|
|George R. Gauld School||N/A|
|David Hornell School||N/A|