Mimico Real Estate: May 2025 Real Estate Insights!

Why Move to Mimico, Toronto?

Mimico is a lakefront community in South Etobicoke, Toronto. It sits on the western edge of the city, directly along Lake Ontario. It offers a mix of city access and waterfront calm. Many people move to Mimico for three reasons: location, value, and lifestyle.

Location Matters

Mimico is minutes from downtown Toronto. You can drive there in under 20 minutes via the Gardiner Expressway. You also have the option to take the GO Train from Mimico GO Station, which takes you to Union Station in 15 minutes. This makes Mimico a smart choice if you work downtown but want more space and quieter streets.

See GO Transit train times and info here:
https://www.gotransit.com

Mimico is also close to major highways, including the Gardiner Expressway, Highway 427, and the QEW. This makes it easier to travel west toward Mississauga or north toward the airport.

Value for Your Dollar

Mimico offers better home value than many central Toronto neighborhoods. While downtown condos often go for over $1,200 per square foot, Mimico offers waterfront units under $1,000 per square foot. Detached homes, semi-detached, and townhomes still come in lower than other areas like High Park or the Beaches.

The Mimico Real Estate market includes condos, older bungalows, and new builds. Buyers find a range of options, from entry-level to luxury homes.

Check current listings here:
https://www.realtor.ca/on/mimico

Waterfront Living

Living near the lake is a daily benefit in Mimico. You get access to the Humber Bay Park, Mimico Waterfront Trail, and multiple marinas. You can bike, run, or walk along scenic paths. This part of the city feels different. It’s quieter, with birds, boats, and open space.

Mimico’s waterfront is not tourist-heavy. It’s used mostly by locals. This gives it a more residential feel than the downtown waterfront.

Learn more about the parks and trails:
https://www.toronto.ca/explore-enjoy/parks-gardens-beaches/parks/etobicoke-parks/

Family-Friendly Services

Schools, childcare, and community services are important when moving. Mimico has both public and Catholic school options. Some popular ones include:

• David Hornell Junior School

• St. Leo Catholic School

• John English Junior Middle School

The Mimico Centennial Library and Mimico Arena also provide community gathering points. These services create long-term stability for families.

Explore TDSB school options here:
https://www.tdsb.on.ca

Find Catholic schools via the TCDSB:
https://www.tcdsb.org

Transit and Walkability

Mimico is more walkable than many suburban areas. Condos near Lakeshore Blvd W put you within walking distance of cafes, groceries, and transit. The TTC streetcar runs along the Lakeshore, giving local access to High Park, Roncesvalles, and downtown.

Check TTC service details:
https://www.ttc.ca

New developments in Mimico are adding retail and restaurant space. The area is seeing investment, which points to future growth.

Real Estate Trends in Mimico

Buyers and sellers pay attention to the Mimico Real Estate market because it offers growth potential. According to Toronto Regional Real Estate Board data, Mimico’s average home price increased more than 25% from 2020 to 2022. This growth has stabilized in 2023 and 2024, but the area continues to attract new buyers.

People are leaving downtown condos for more space and better quality of life. Mimico is one of the first neighborhoods they explore. Investors also show interest, especially in pre-construction condo projects along Marine Parade Drive.

Find TRREB data here:
https://trreb.ca

Who Should Consider Mimico?

You, if you want to be near water and downtown without paying central Toronto prices.
You, if you want a family neighborhood that’s changing, but not overcrowded.
You, if you are investing in rental property with high demand for young professionals.

What’s Next?

The Mimico GO Station redevelopment will add residential towers, green space, and better pedestrian links. This project will change how people move through the area and increase property values.

Also, the Lake Shore Blvd Improvement Plan includes street upgrades and new sidewalks. This will further improve walkability and street appeal.

See city plans here:
https://www.toronto.ca/city-government/planning-development/

Local Food and Culture

Mimico has local coffee shops like SanRemo Bakery and Jimmy’s Coffee. These businesses create a community feel that chains can’t match. The Mimico Village BIA promotes small business growth and hosts events.

Learn more here:
https://www.mimicobia.com

You also have access to nearby neighborhoods like New Toronto and Humber Bay Shores, which offer additional restaurants and services.

Take the Next Step

You don’t need to search alone.
Start your Mimico home search with a team that knows the area.

Visit Lifestyle Videos to get personalized assistance. Their team can help you navigate the Mimico real estate market effectively, ensuring you find the perfect home.