AVERAGE HOME PRICES
Mimico was once one of Toronto’s best kept real estate secrets but that’s no longer the case. The growing number of condominiums for sale, with more developments on the way, along with the larger-than-downtown lots makes this neighbourhood an affordable option compared to other lakefront communities in the city. In addition to condos, whose units comprise more than 60% of the community’s housing, you’ll find lowrise apartments, two-storey detached homes, and 1920s and 1940s-built bungalows, with some owners ‘popping their tops’ and adding a second storey to provide more room to grow.
Nearly 34,000 people call Mimico home, a population increase of 28% in just five years. Residents range from singles and young couples to growing families and long-time homeowners. The majority of the population is between 25-54 years old, with kids and youth comprising 19% of the demographic, and pre-retirement adults and seniors accounting for 29%. The median family income is $93,134. The percentage of owner and renter households is fairly even at 51% and 49%, respectively.
Recreation enthusiasts will love the abundance of shared green space in Mimico, which is known for its walking trails, beaches and parks, most notably scenic lakefront Humber Bay Park at the foot of Park Lawn Road.
Revitalization has transformed the infamous ‘motel strip,’ among other areas, and brought with it new restaurants, big-name coffee shops, farmers’ markets and a host of other amenities, creating a growing number of trendy hot spots. Despite its gentrification, Mimico has retained its ‘small town in the big city,’ tight-knit community feel. Residents, both new and established, proudly support local businesses and community events.
Mimico is within a short commute of downtown Toronto via the Gardiner Expressway and local Go Transit station, which also provides rail travel as far west as Hamilton. The 501 Queen streetcar route — one of the longest in the world — can take you all the way to the east end of the city on just one ride, beginning the trip along Lake Shore Boulevard. There are TTC buses running north-south on Royal York Road, Islington Avenue and Kipling Avenue, as well as routes that service the Humber Bay Shores area, all of which connect commuters to the Bloor-Danforth subway line. Mimico has a transit score of 76 out of 100.
Four schools reside in Mimico, though there are a number of public and Catholic schools whose attendance boundaries fall within the area.
David Hornell Junior School (JK – Grade 5)*
Étienne Brûlé Junior School (JK – Grade 5)
George R. Gauld Junior School (JK – Grade 5)*
John English Junior Middle School (JK – Grade 8)*
Lanor Junior Middle School (JK – Grade 8)
Second Street Junior Middle School (JK – Grade 8)
Seventh Street Junior School (JK – Grade 5)
St. Josaphat Catholic School (JK – Grade 8)
St. Leo Catholic School (JK – Grade 8)*
St. Louis Catholic School (JK – Grade 8)
*Schools located in Mimico.
NOTE: Designated attendance boundaries for 2019/2020 school year.
Neighbourhood Property Alert
Want to know what properties are selling for in Mimico? Or are you interested in another neighbourhood? Simply fill out the form below and get new listing updates for your preferred community delivered directly to your email inbox. If you like a property you see or want additional information, contact me.
Average home prices are based on sold prices for Q2 2020. Freehold prices are for all home types. Prices for one-bedroom and one-bedroom plus den condos include one bathroom only. Prices for two-bedroom and two-bedroom plus den condos include two bathrooms only. Community information based on data collected by Statistics Canada for its 2016 census study. Accuracy is of upmost importance and every effort is made to verify the information displayed. However, it should be used for reference only as details are subject to change without notice.