Welcome To Mimico
Mimico is the lakefront corner of southeast Etobicoke that’s quietly become one of the better-value waterfront addresses in the city. It’s really two neighbourhoods sharing a name: a stack of condo towers along the lake east of Park Lawn, on what used to be a strip of motels, and an older village of houses and Eastern European delis running back along Lake Shore Boulevard and Royal York Road. The link between them is the GO train, which puts you at Union in under twenty minutes and is the single biggest reason people choose Mimico.
It’s a neighbourhood mid-transformation. The condos keep rising on the water while the old Lake Shore strip holds onto its bakeries and butcher shops. Living here means getting both, at least for now.
Properties For Sale
Mimico FAQs
Southeast Etobicoke, on Lake Ontario west of the Humber River, south of the Gardiner and roughly between Park Lawn and the rail lands near Kipling. Humber Bay Shores sits at its eastern edge.
As a rough guide: the lake-area condos that dominate the market have lately tended to start in the $500Ks for one-bedrooms, with two-bedrooms and lake-view suites well above; the older detached and semi-detached houses back from the water commonly run from around $1M up depending on lot and condition. See the live statistics block below for the current quarter’s exact figures, or browse current Mimico listings.
If you want the lake, a fast GO commute and prices below the central waterfront, yes. If you want a lively walkable main street with a deep restaurant scene, the offering here is more modest and more local.
This is Mimico’s headline. Mimico GO on the Lakeshore West line gets you to Union in under twenty minutes, one of the fastest commutes from anywhere this far out. The 501 Queen streetcar and Gardiner access fill in the rest.
The waterfront trail is excellent for walking and cycling, and the Lake Shore strip has everyday shops. But the condo cluster and the old village don’t connect as seamlessly as you’d like, and a car still helps for bigger errands.
Less than downtown. Condos come with spots and the houses generally have driveways, though the newer waterfront density is making street parking tighter than it once was.
Around the Neighbourhood
Cultural landmarks: the Humber Bay Arch Bridge, the white pedestrian span at the neighbourhood’s eastern edge, is the local landmark and a favourite for photos and sunset walks along the water.
Hot local spots: SanRemo Bakery on Royal York is the institution everyone knows, Lavinia does tapas on the strip, and the Eastern European delis and bakeries along Lake Shore Boulevard give the old village its character.
Parks & green space: Mimico Waterfront Park and its shoreline trail, Amos Waites Park with its outdoor pool, and the larger Humber Bay parks just east put Lake Ontario at your door.
Your Typical Neighbour
Mimico is splitting into two profiles. The waterfront condos skew younger, professional and renter-or-first-owner, drawn by the lake and the GO train, while the older village back from the water holds long-established families, including a strong Eastern European thread, in owner-occupied houses. Together it’s more mixed in age and income than a pure condo district, and still less expensive than the central waterfront.
Source: City of Toronto Neighbourhood Profile, Mimico-Queensway, 2021 Census
What We Love
The lake plus the GO train is a genuinely rare combination at this price. You can live with a water view, walk the shoreline trail in the morning and still be at Union in under twenty minutes. The old Lake Shore strip gives the neighbourhood a real sense of place, with bakeries and delis you can’t find in a glass tower, and the parks along the water are first-rate. For buyers chasing the waterfront without central-Toronto pricing, Mimico keeps coming up.
What We Don’t Love
The two halves of Mimico don’t knit together well… the condo wall on the water and the older village can feel like separate places, and the walk between them isn’t pretty. The pace of condo construction has brought construction dust, traffic and growing pains, and the everyday restaurant and nightlife scene is thinner than the population now warrants. The Gardiner, as ever, hums in the background.
Real Estate
Mimico offers two distinct buys. On the water, it’s condos, from established towers to newer builds, priced on view and proximity to the lake and the GO. Back from the shore, it’s older detached and semi-detached houses on real lots, many still held by long-time families and increasingly renovated or rebuilt. The condo side gives buyers selection; the house side is tighter and more competitive when good listings appear. New to the market? Start with our First-Time Buyer guide, or compare west-end options like Swansea.
(Current prices and days on market appear in the live statistics block below, updated quarterly.)
Schools
Schools abound both public and separate, though if you’re looking for private educational options you’ll have to look elsewhere. TV buffs will note that the location where most of the original “Degrassi” series was shot is right here in Mimico as well.
ELEMENTARY SCHOOLS
Second Street Jr Middle School
George R Gauld Jr School
St. Louis Catholic School
David Hornell Junior School
MIDDLE SCHOOLS
SENIOR SCHOOLS
Lakeshore Collegiate Institute
PRIVATE SCHOOLS
Phoenix Montessori School
Mildenhall Montessori
Oak Learners Royal York Campus
For school rankings and Fraser Institute scores, see our interactive Toronto school map.
Transit
Mimico GO on the Lakeshore West line is the star, reaching Union in under twenty minutes, which is why it draws downtown commuters. The 501 Queen streetcar runs along Lake Shore, local buses connect to Islington and Kipling subway stations, and the Gardiner is right there for drivers. Between the GO and the streetcar, this is a neighbourhood where you can manage without a car if you stay close to the strip.
Property Statistics in Mimico
Detached Houses - Statistics
Q4 2025
$1,264,000
Average Price
33
New Listings
9
Properties Sold
19
Average Days on Market
98%
% of Asking Price
semi-detached - Statistics
Q4 2025
N/A
Average Price
2
New Listings
1
Properties Sold
N/A
Average Days on Market
N/A
% of Asking Price
townhome - Statistics
Q4 2025
$1,130,000
Average Price
13
New Listings
12
Properties Sold
33
Average Days on Market
99%
% of Asking Price
Condos - Statistics
Q4 2025
$692,000
Average Price
293
New Listings
114
Properties Sold
43
Average Days on Market
96%
% of Asking Price
All Properties - Statistics
Q4 2025
$771,299
Average Price
353
New Listings
139
Properties Sold
41
Average Days on Market
97%
% of Asking Price
Source: TRREB Statistics
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