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$489,900
58 Marine Parade Drive · Toronto · Ontario M8V 4G1
90 days on market
Welcome to Explorer at Waterview, a prestigious Monarch-built residence in the heart of Mimico's vibrant waterfront community. This spacious 632 sq. ft. suite is freshly painted, impeccably maintained, and completely move-in ready, offering a bright, inviting space you'll be proud to call home.Step outside to your impressive 165 sq. ft. private balcony, the perfect place to relax, entertain, or enjoy partial lake views and refreshing waterfront breezes.Ideally located just steps from the scenic…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $39KPrice reduction
MLS shows the seller reduced the asking price by $39,100 (from $529,000 to $489,900).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: EXP REALTY
Source: TRREB/PROPTX · MLS® W13605926
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $22,302 | $1,859/mo |
| Government & taxes | ||
| Property tax | $2,443 | $204/mo |
| Land transfer tax(closing) | $6,273 | $523/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,899 | $408/mo |
| Condo fees | ||
| Condo / HOA fees | $9,837 | $820/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $56,415 | $4,701/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.