MLS® listing
58 Marine Parade Drive 512: condo apartment for sale
$1,598,800
From the listing brokerage
Rarely does a residence redefine lakeside living, this exceptional 2+1 bedroom suite does exactly that! The pièce de résistance is a spectacular 2,400 square foot private outdoor terrace, an extraordinary expanse of open air living that is virtually unheard of in condominium ownership! From this remarkable vantage point, take in unobstructed panoramic views of Lake Ontario stretching to the horizon, with the downtown skyline shimmering in the distance; sunrise coffees, golden hour cocktails and evenings beneath the stars all become part of your daily ritual. This is outdoor living on a scale normally reserved for a detached estate! There is room to dine under the open sky, lounge in the sun, gather with friends and family, or simply retreat to your own private garden in the clouds. Few properties anywhere offer this much usable outdoor space, and fewer still pair it with views this breathtaking.Inside, the spacious and thoughtfully designed interior offers generous principal rooms, walls of windows, abundant natural light and a seamless flow between indoor comfort and outdoor grandeur. The open concept living and dining areas are perfectly suited to both relaxed everyday living and elegant entertaining on a grand scale, while the kitchen anchors the home for casual mornings and celebrations alike. Two full bedrooms plus a versatile den provide flexibility for guests, a dedicated home office or a quiet reading retreat, and the primary suite offers a serene escape at the end of the day. Set within one of the most prestigious buildings on Lakeshore West, this is waterfront living at its finest! Steps to the lake, scenic waterfront trails, lush parks, marinas, cafes, dining and transit, with an easy commute to downtown. Two parking spots and a locker add a level of everyday convenience rarely found in one offering. This is truly one of a kind, a private resort in the sky where luxury meets lifestyle. A rare offering that simply must be seen to be believed!
Facts on the listing
| Square feet | 1200-1399 |
|---|---|
| Approximate age | 16-30 |
| Style | Apartment |
| Basement | None |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Heat Pump |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 9 |
| Maintenance fee | $1,737 |
| Property tax | $8,076 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Bus Ctr (WiFi Bldg), Concierge, Gym, Indoor Pool, Party Room/Meeting Room, Visitor Parking |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Carpet Free |
| Features | Clear View, Park, Rec./Commun.Centre, Waterfront |
| Floor | 5 |
Listing courtesy of RE/MAX REALTRON PROPERTY GROUP REALTY INC.. MLS® W14113080.
About this condo apartment
58 Marine Parade Drive 512 is a 3 bedroom condo apartment in TRREB's Mimico community in Toronto, listed for sale at $1,598,800. The listing shows 2 bathrooms and 1200-1399 square feet. The style is given as apartment. The unit faces south. It comes with 2 parking spaces, 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: bus ctr (wifi bldg), concierge, gym, indoor pool, party room/meeting room and visitor parking.
What it costs to buy 58 Marine Parade Drive 512
At the asking price of $1,598,800, 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 | $1,598,800 |
|---|---|
| Ontario land transfer tax | $28,451 |
| Toronto municipal land transfer tax | $28,451 |
| Both taxes | $56,902 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $319,760 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. 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 | $1,737 a month |
|---|---|
| Property tax (2025) | $8,076 a year, about $673 a month |
| Fee and tax together | about $2,410 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 $1,598,800, which is $1,048,800 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 2 parking spaces 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. 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 58 Marine Parade Drive 512
How much is land transfer tax on 58 Marine Parade Drive 512?
At the asking price of $1,598,800 the Ontario tax is $28,451 and the Toronto tax is $28,451, $56,902 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 58 Marine Parade Drive 512?
$319,760 at the asking price of $1,598,800, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 58 Marine Parade Drive 512?
The listing shows $1,737 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 58 Marine Parade Drive 512?
The listing shows $8,076 a year for 2025, about $673 a month.
Is 58 Marine Parade Drive 512 priced above or below the median?
It is listed at $1,598,800. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $1,048,800 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 58 Marine Parade Drive 512?
Use the form on this page or call us. Quote MLS® W14113080. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 58 Marine Parade Drive 512 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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