MLS® listing
38 Annie Craig Drive 707: common element condo for sale
$480,000
From the listing brokerage
Welcome to Waters Edge at The Cove, a spectacular 56-storey condominium offering an exceptional lifestyle on the majestic shores of Humber Bay. Located in one of Toronto's most sought-after water front communities, this residence combines modern elegance, breathtaking views, and resort-style amenities. This approximately 507 sg. ft. one-bedroom plus den suite features a stunning wrap-around Balcony, offering panoramic views and an ideal space to relax or entertain. The unit includes one parking space and one locker. The bright, open-concept living, dining, and kitchen area features sleek laminate flooring and a contemporary kitchen with custom quartz countertops, creating a stylish and functional space for everyday living. Residents can enjoy an impressive selection of amenities, including a 24-hour concierge, elegant lobby, indoor swimming pool, state-of-the-art fitness centre, hotel-inspired guest suites, and an elegant party room-perfect for entertaining family and friends.
Facts on the listing
| Square feet | 500-599 |
|---|---|
| Style | Multi-Level |
| Basement | None |
| Parking spaces | 1 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $339 |
| Property tax | |
| Tax year | 2025 |
| Locker | Common |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, Common Elements Included, Building Insurance Included |
| Building amenities | Elevator, Exercise Room, Game Room, Gym, Indoor Pool, Media Room |
| Balcony | Enclosed |
| Laundry | In-Suite Laundry |
| Parking | Underground |
| Interior features | Carpet Free, Countertop Range |
| Floor | 7 |
Listing courtesy of RE/MAX REALTY SERVICES INC.. MLS® W13842558.
About this common element condo
38 Annie Craig Drive 707 is a 2 bedroom common element condo in TRREB's Mimico community in Toronto, listed for sale at $480,000. The listing shows 1 bathroom and 500-599 square feet. The style is given as multi-level. The unit faces south. It comes with 1 parking space and a locker (common) according to the listing. The nearest main intersection given is Lakeshore/Parklawn.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: elevator, exercise room, game room, gym, indoor pool and media room.
What it costs to buy 38 Annie Craig Drive 707
At the asking price of $480,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $480,000 |
|---|---|
| Ontario land transfer tax | $6,075 |
| Toronto municipal land transfer tax | $6,075 |
| Both taxes | $12,150 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $24,000 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $339 a month |
|---|
The listing says the maintenance fee includes heat, common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Mimico
A lakeside Etobicoke neighbourhood where condo apartments make up most sales, beside streets of detached houses and townhouses. From April to June 2026 the median sale across all property types was $671,000 (TRREB).
Transit: Mimico GO station (Lakeshore West line) at 315 Royal York Road. The 501 Queen streetcar along Lake Shore Boulevard West, with the 507 Long Branch and 508 Lake Shore streetcars at limited times
| Property type | Median | Sales and average |
|---|---|---|
| All property types | Median $671,000 | 169 sales, average $804,199 |
| Detached | About $1,250,000 | 31 sales, average about $1,237,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,200,000 | 9 sales, average about $1,212,000 |
| Condo townhouse | About $1,027,000 | 5 sales, average about $982,000 |
| Condo apartment | About $609,000 | 124 sales, average about $659,000 |
| Semi-detached | No sales reported | 0 sales |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Mimico
Is Mimico a good place to live?
That depends on the home you need and how you travel. Mimico is mainly condo apartments by sales, with a median condo apartment sale of about $609,000 from April to June 2026 (TRREB). It has a GO station on the Lakeshore West line, the 501 Queen streetcar on Lake Shore Boulevard West and a string of City parks on the water.
How much does a house cost in Mimico?
From April to June 2026 TRREB recorded 31 detached sales in Mimico with a median of about $1,250,000. The 9 freehold townhouse sales had a median of about $1,200,000. TRREB recorded no semi-detached sales in the quarter.
Is there a GO station in Mimico?
Yes. Mimico GO station is at 315 Royal York Road on the Lakeshore West line. Trains toward Union station stop at Exhibition GO and then Union, so Union is 2 stops away (GO Transit).
Is Mimico on the subway?
No. The nearest rapid transit inside the area is Mimico GO. The 501 Queen streetcar runs along Lake Shore Boulevard West between Humber Loop and Long Branch Loop on the TTC map. The 507 Long Branch and 508 Lake Shore streetcars also run there at limited times.
Is Mimico a heritage conservation district?
No. The City of Toronto's list of heritage conservation districts does not include a district in Mimico. Individual properties can still be designated, so check the exact address with the City.
Read the Mimico neighbourhood guide · All Mimico homes for sale
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Questions about 38 Annie Craig Drive 707
How much is land transfer tax on 38 Annie Craig Drive 707?
At the asking price of $480,000 the Ontario tax is $6,075 and the Toronto tax is $6,075, $12,150 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 38 Annie Craig Drive 707?
$24,000 at the asking price of $480,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 38 Annie Craig Drive 707?
The listing shows $339 a month, including heat, common elements and building insurance. Check the current fee in the status certificate.
How do I book a showing for 38 Annie Craig Drive 707?
Use the form on this page or call us. Quote MLS® W13842558. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 38 Annie Craig Drive 707 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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