Maintenance Fees
Lago at the Waterfront Condos vs The Mimico Area
for sale
108 Days on Strata
- Est Sell Timeframe:
- 22 Days
3401 - 56 Annie Craig Dr SE
$1,299,999
2 Beds + 1
2 Bath
1 Parking
1,144 SQFT
Price History
- Maintenance Fees:
- $908/mth
- Taxes:
- $4,721 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,136/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- Oct 1
- Exposure:
- South East
Amenities
Guest Suites
Party Room
Indoor Pool
Gym
Concierge
Visitor Parking
Amenity details for reference only. Independently verify accuracy.
About this Listing
Opportunity of a lifetime! Experience your dream home in this sought-after, rare-find corner suite at Lago with a clear wrap-around balcony, offering priceless, forever unobstructed panoramic view of Lake Ontario and the CN Tower through floor-to-ceiling windows; this 2-bedroom, 2-bath residence boasts an excellent, efficient floorplan with no wasted space four walkouts to a 350 sqft balcony, plus a coveted 21-foot long parking spot on P2 and an included locker - all within a luxury building featuring 24-hour concierge, indoor pool, gym, sauna, and direct access to waterfront trails, dining, transit and more.
sotheby's international realty canadaMLS® #W12326040
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Heat Pump
- Heat Source
- Other
- Air Conditioning Type
- Other
Dimensions
- Living
- 20.83 x 13.48ft
- Combined with Dining, Laminate, Walkout To Balcony
- Dining
- 20.83 x 7.87ft
- Backsplash, Laminate, Walkout To Balcony
- Kitchen
- 10.5 x 7.87ft
- Backsplash, Laminate, Centre Island
- Primary
- 12.73 x 10.34ft
- 3 Piece Ensuite, Laminate, Walkout To Balcony
- Bedroom
- 10.99 x 10.24ft
- Closet, Laminate, Walkout To Balcony
- Den
- 9.25 x 6.5ft
- Laminate, Walkout To Balcony
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Explore Mimico
Map
5/10
Walkability
Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
7/10
Transit
Transit's there for you, like a loyal golden retriever.
6/10
Bikeability
The bike lane starts to feel like a second home.
Mortgage Calculator
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 Lago at the Waterfront Condos
Days on Strata
Units at Lago at the Waterfront Condos spend an average of
35
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
3%
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
6.1
YEARS before being sold againProperty Value
-15%
Decrease in property value within the past twelve months
Price Ranking
21st
Highest price per SQFT out of 62 condos in the Mimico area
Sold Units
20
Units were Sold over the past twelve months
Rented Units
69
Units were Rented over the past twelve months
Best Value Rank
Lago at the Waterfront Condos offers the best value out of 62 condos in the Mimico neighbourhood
?
Appreciation Rank
Lago at the Waterfront Condos has the highest ROI out of 62 condos in the Mimico neighbourhood
?
Rental Yield
Lago at the Waterfront Condos yields the highest rent prices out of 62 condos in the Mimico neighbourhood
?
High Demand
Lago at the Waterfront Condos is the most popular building out of 62 condos in the Mimico neighbourhood
?
Market Insights
Transaction Insights at Lago at the Waterfront Condos
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $422,000 | $500,000 - $530,000 | $545,000 - $635,000 | $685,000 - $700,000 | $665,000 - $1,425,000 | No Data |
| Avg. Cost Per Sqft | $577 | $959 | $951 | $999 | $961 | No Data |
| Price Range | $1,800 - $1,950 | $2,125 - $2,350 | $2,150 - $2,675 | $2,600 - $5,000 | $2,700 - $5,200 | No Data |
| Avg. Wait for Unit Availability | 207 Days | 70 Days | 33 Days | 51 Days | 61 Days | No Data |
| Avg. Wait for Unit Availability | 125 Days | 21 Days | 13 Days | 15 Days | 28 Days | No Data |
| Ratio of Units in Building | 4% | 20% | 33% | 28% | 17% | 1% |
Market Inventory
Total number of units listed and sold in Mimico
