MLS® listing
3 Marine Parade Drive 1402: condo apartment for sale
$812,000
From the listing brokerage
Welcome to Hearthstone by the Bay, where retirement living meets an extraordinary waterfront setting. This rarely available south-east corner suite offers spectacular views of Lake Ontario, the Humber River and Toronto's iconic skyline, including the CN Tower and Ontario Place. Imagine settling into the sunroom with your morning coffee and watching the day unfold-the sparkling waters of Lake Ontario, boats and wildlife going by, and the ever-changing skyline stretching beyond. Humber Bay Park & the waterfront trail sit right outside your door, creating a remarkable sense of tranquility and connection to the waterfront.This spacious suite offers two bedrooms, a welcoming family room and a generous living, dining and kitchen area designed for comfortable everyday living. The adjoining sunroom creates a quiet retreat to sit back, relax and take in the spectacular waterfront views. In the kitchen, two picture-perfect windows frame the view, while solid wood cabinetry and an open, airy layout add warmth and character. Both bedrooms feature walk-outs to private balconies, allowing you to enjoy the remarkable views from yet another vantage point.Hearthstone offers a refreshing alternative to traditional retirement living-the freedom of owning your own condominium, paired with the convenience of services and amenities designed to make everyday life easier and more enjoyable. The Mandatory Club Fee of $1,990.85 + HST/month includes a wide range of services and amenities, including $298.40/month in restaurant meal credits, 4 hours of housekeeping per month, 24-hour access to a nurse on duty, fitness classes, a full range of activities and shuttle bus service. Additional services and health care are available à la carte as your needs evolve, providing added comfort and support for the years ahead. An additional fee of $274.34 + HST/month applies for a second occupant.
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Approximate age | 16-30 |
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 7 |
| Maintenance fee | $1,190 |
| Property tax | $4,335 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South East |
| Fee includes | CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Concierge, Exercise Room, Indoor Pool, Media Room, Visitor Parking |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Wheelchair Access |
| Features | Greenbelt/Conservation, Hospital, Lake/Pond, Park, Public Transit, Waterfront |
| Floor | 11 |
Listing courtesy of Royal Lepage Real Estate Associates, Larose Team. MLS® W14027528.
About this condo apartment
3 Marine Parade Drive 1402 is a 2 bedroom condo apartment in TRREB's Mimico community in Toronto, listed for sale at $812,000. The listing shows 2 bathrooms and 1000-1199 square feet. The style is given as apartment. The unit faces south east. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Parklawn/Lakeshore. The age is listed as 16-30 years.
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: concierge, exercise room, indoor pool, media room and visitor parking.
What it costs to buy 3 Marine Parade Drive 1402
At the asking price of $812,000, 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 | $812,000 |
|---|---|
| Ontario land transfer tax | $12,715 |
| Toronto municipal land transfer tax | $12,715 |
| Both taxes | $25,430 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $56,200 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. 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 | $1,190 a month |
|---|---|
| Property tax (2026) | $4,335 a year, about $361 a month |
| Fee and tax together | about $1,551 a month |
The listing says the maintenance fee includes cac, common elements, heat, building insurance, parking and water. 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.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $812,000, which is $262,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
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 3 Marine Parade Drive 1402
How much is land transfer tax on 3 Marine Parade Drive 1402?
At the asking price of $812,000 the Ontario tax is $12,715 and the Toronto tax is $12,715, $25,430 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 3 Marine Parade Drive 1402?
$56,200 at the asking price of $812,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 3 Marine Parade Drive 1402?
The listing shows $1,190 a month, including cac, common elements, heat, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 3 Marine Parade Drive 1402?
The listing shows $4,335 a year for 2026, about $361 a month.
Is 3 Marine Parade Drive 1402 priced above or below the median?
It is listed at $812,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $262,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 3 Marine Parade Drive 1402?
Use the form on this page or call us. Quote MLS® W14027528. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 3 Marine Parade Drive 1402 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.
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