Maintenance Fees
Hearthstone by the Bay Condos vs The Mimico Area
for sale
18 Days on Strata
- Est Sell Timeframe:
- 22 Days
1607 - 3 Marine Parade Dr
$380,000
1 Bed
1 Bath
1 Parking
611 SQFT
Price History
- Maintenance Fees:
- $641/mth
- Taxes:
- $1,595 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $622/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- North
Amenities
Concierge
Gym
Indoor Pool
Media Room
Rec Room
Visitor Parking
About this Listing
Two Connected Units Sold as One At Hearthstone by the Bay Retirement Living. This unique opportunity includes two separately registered yet physically connected condos: Unit 1607 (611 sq.ft.) and Unit 1606 (over 1,266 sq.ft.) offered together as one expansive residence totaling over 1,800 sq.ft. A rare and truly unique offering: this combined suite features traditional finishes, hardwood floors, and a smart winged layout perfect for flexibility and privacy. One side (1607) includes a one-bedroom suite with lounge/den, full bath, and laundry. The other (1606) offers two bedrooms, two baths, and bright, open-concept living, dining, and solarium areas.Easily walk through both sides via an internal connection, or close them off in the future if desired. Enjoy northwest corner exposure with glowing sunsets and a peek at the lake.Located in Hearthstone by the Bay a vibrant retirement condominium community by the waterfront. You'll own your suite while enjoying the convenience of a full-service lifestyle. Included in the *mandatory* monthly service package: housekeeping, select meals, 24-hour nurse access, fitness classes, daily activities, shuttle service, and more. Personal care services available as needed (up to 24/7).Downsize without compromise this is retirement living redefined.EXTRAS: Mandatory Club Fee: $1,923.53 + HST/month (1 occupant) Additional Occupant: $265.06 + HST/month Includes: Movie Theatre, Hair Salon, Pub, Billiards Area, Outdoor Terrace & More. See Schedule for More Info.
ExtrasFridge, Dishwasher, Microwave, Washer & Dryer, All Electric Light Fixtures, All Window Coverings. 1 Locker. 1 Parking.
royal lepage real estate associates, larose teamMLS® #W12503560
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 13.78 x 10.5ft
- hardwood floor, Built-in Fridge, Built-in Shelves
- Bedroom
- 10.17 x 9.84ft
- Windows Floor to Ceiling, hardwood floor, Walkout To Balcony
- Sunroom
- 10.17 x 6.23ft
- hardwood floor, Closet, Windows Floor to Ceiling
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Bikeability
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
23,316
Average Individual Income
$64,286
Average Household Size
3 persons
Average Age
45
Average Household Income
$109,977
Dominant Housing Type
Detached
Population By Age
Household Income
Housing Types & Tenancy
Detached
36%
Semi Detached
26%
High Rise Apartment
20%
Low Rise Apartment
11%
Duplex
5%
Marital Status
Commute
Languages (Primary Language)
English
58%
Mandarin
14%
Other
13%
Cantonese
10%
Tagalog
2%
Spanish
1%
Korean
1%
Tamil
1%
Education
University and Above
33%
High School
27%
None
16%
College
15%
Apprenticeship
3%
University Below Batchelor
3%
Major Field of Study
Business Management
25%
Architecture & Engineering
20%
Health & Related Fields
12%
Social Sciences
10%
Math & Computer Sciences
7%
Education
5%
Humanities
4%
Physical Sciences
4%
Personal, Protective & Transportation Services
3%
Visual & Performing Arts
3%
Building Trends At Hearthstone by the Bay Condos
Days on Strata
Units at Hearthstone by the Bay Condos spend an average of
35
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Mimico
Turnover of Units
On average, each unit is owned for
7.1
YEARS before being sold againProperty Value
-2%
Decrease in property value within the past twelve months
Price Ranking
47th
Highest price per SQFT out of 62 condos in the Mimico area
Sold Units
12
Units were Sold over the past twelve months
Rented Units
2
Units were Rented over the past twelve months
Best Value Rank
Hearthstone by the Bay Condos offers the best value out of 62 condos in the Mimico neighbourhood
?
Appreciation Rank
Hearthstone by the Bay Condos has the highest ROI out of 62 condos in the Mimico neighbourhood
?
Rental Yield
Hearthstone by the Bay Condos yields the highest rent prices out of 62 condos in the Mimico neighbourhood
?
High Demand
Hearthstone by the Bay Condos is the most popular building out of 62 condos in the Mimico neighbourhood
?
Market Insights
Transaction Insights at Hearthstone by the Bay Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $253,000 - $785,000 | $412,500 - $448,000 | $425,000 - $669,000 | $789,900 - $811,000 |
| Avg. Cost Per Sqft | $514 | $579 | $654 | $700 |
| Price Range | $4,000 | $4,300 | No Data | No Data |
| Avg. Wait for Unit Availability | 243 Days | 136 Days | 90 Days | 142 Days |
| Avg. Wait for Unit Availability | 1008 Days | 425 Days | 298 Days | 1142 Days |
| Ratio of Units in Building | 14% | 26% | 42% | 20% |
Market Inventory
Total number of units listed and sold in Mimico
