In Toronto, there’s no shortage of hot new “it” neighbourhoods for condo hunters. While some of these communities sit at the centre of it all, many are a bit further away from the city’s core. Mimico is the perfect example. This gorgeous waterfront area is often overlooked by home buyers who believe it’s too far to the west. But the truth is, Mimico is thriving, naturally beautiful, and full of incredible options for condos dwellers—plus, it’s far more conveniently located than many downtowners believe.
If you’re in the market for the perfect unit, you might want to consider some of the incredible condos in Mimico. Here’s why…
Why live in a condo?
Before we get into why Mimico is the perfect place for condo living, let’s do a quick recap of some of the benefits of buying a unit.
Affordability
For many home buyers who are weighing their options, affordability is the deciding factor. In most cases, condos are less expensive than single-family homes and townhouses. They’re perfect for young professionals, downsizers, and even growing families—anyone who’s looking for a place to call their own on a budget.
The low-maintenance lifestyle
We love condo living for the low-maintenance lifestyle it provides. When you buy a unit, your monthly maintenance fees will help ensure that the costs associated with upkeep are covered. In other words: forget the snow shovel and the rake, and take comfort in the fact that your condo board will handle all or most of the repairs that pop up.
They’re good investments
Whether you’re looking for a unit to rent out or one to call home, a condo is a great investment. The city’s rental market is hot, and good historical appreciation rates mean that you stand to make a tidy profit when it comes time to sell.
Getting around Mimico
If you decide that buying a condo is right for you, Mimico is one of the best places to do it. Let’s start by debunking a major misconception: it doesn’t take forever to get downtown. If you work or play in central Toronto, there are a few convenient options for getting there from Etobicoke.
For those who drive, both Lake Shore Boulevard and the Gardiner Expressway can get you downtown in fifteen minutes or less. If you use public transportation, you’ll be happy to learn that the area is well served by transit. The Lake Shore Boulevard bus will connect you to the Yonge-University subway line, while the Royal York Road route will take you to the Bloor-Danforth line. There’s also a GO Station in the neighbourhood, and the train will take you to central Toronto in a little over ten minutes.
The lifestyle
Few urban condo dwellers have as much access to nature as you’ll enjoy in Mimico. If you’re outdoorsy, the options are nearly endless. Visit the gorgeous green space in Mimico Waterfront Park. Check out Humber Bay Park—and the scenery from its iconic pedestrian bridge. Don’t forget to scope out the wetland habitat along the neighbourhood’s acres of shoreline! If all of this sounds appealing, you might want to see what condos in Mimico have to offer.
We also can’t say enough about the buzzworthy local businesses in the community. Owning a condo in Mimico means being steps away from a thriving urban landscape that includes trendy restaurants, cafes, and boutiques. Of course, we have our own personal favourites.
Tich serves up innovative Indian cuisine that’s been receiving rave reviews. If you’re a coffee lover, we suggest hitting up Birds and Beans for a perfectly-crafted espresso by the lake. There’s also an assortment of eclectic shops in Mimico, but one of the most unique is Village Vinyl—which is the perfect local go-to for music lovers.
The buildings
As an area becomes more popular, the number of local condos tends to multiply. That’s what’s happening in Mimico, where sleek, modern buildings are popping up to complement the neighbourhood’s natural beauty and increasingly vibrant character.
Without a doubt, one of our favourite developments is Mystic Pointe. Here, you’ll find bright, spacious lofts and townhouses at affordable prices. Of course, this gem isn’t the only stylish and convenient option in the neighbourhood. No matter what your tastes are, you’re bound to find a unit in Mimico that aligns with them perfectly! For those who love a great a view, there are many available that directly overlook the water.
Ready to find your perfect condo in Mimico? Reach out today to learn more about the neighbourhood—and what’s available on the market!