Mimico Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 50 tracked properties across Mimico, Etobicoke.
Mimico Rental Market Overview
As of late summer 2026, the Mimico submarket within Etobicoke (postal area M8V) operates as a high-speed hotspot where rental inventory turns over rapidly. Across the local market, public records show an average realized rent of $2,920 per month based on 62 closed leases over the trailing 30 days, alongside 53 active listings currently on the market. Prospective tenants face a notable gap between landlord expectations and signed transactions, with active listings averaging an asking rent of $3,270—representing an asking-to-realized spread of $350 per month. Compared to the broader Etobicoke municipal benchmark of $2,690 per month, Mimico commands an 8.55% premium (a dollar difference of $230), reflecting strong demand for its lakefront and transit-connected condominium developments. Transaction volume is heavily anchored by 1-bedroom and 1-bedroom plus den layouts distributed across 50 tracked buildings.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Mimico
Closed Leases
Transactions that closed in August 2026 across Mimico
Mimico Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Mimico Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Mimico, Etobicoke.
| Action | |||||
|---|---|---|---|---|---|
Vita on the Lake 70 Annie Craig Dr | $3,428/mo | $4.75/SF | 9leases | 5units | Comps |
Lago 56 Annie Craig Dr | $2,686/mo | $4.55/SF | 8leases | 2units | Comps |
Key West Condos 36 Park Lawn Rd | $2,500/mo | $3.77/SF | 5leases | 2units | Comps |
Nautilus at Waterview 16 Brookers Lane | $2,992/mo | $3.65/SF | 5leases | 2units | Comps |
Sunset at California Condos 165 Legion Rd N | $2,463/mo | $3.92/SF | 4leases | 2units | Comps |
Phoenix 251 Manitoba St | $2,367/mo | $3.86/SF | 3leases | 12units | Comps |
Ocean Club - Tower 59 Annie Craig Dr | $2,400/mo | $4.13/SF | 3leases | 4units | Comps |
The Cove at Waterways 39 Annie Craig Dr | $2,467/mo | $4.09/SF | 3leases | 4units | Comps |
South Beach Condos - East Tower 90 Park Lawn Rd | $2,783/mo | $4.21/SF | 3leases | 2units | Comps |
Waterscapes at Waterview 80 Marine Parade Dr | $3,300/mo | $3.85/SF | 3leases | 1unit | Comps |
Vita Two on the Lake 65 Annie Craig Dr | $2,400/mo | $4.80/SF | 2leases | 2units | Comps |
Palace Pier 2045 Lake Shore Blvd W | $5,675/mo | $2.68/SF | 2leases | 1unit | Comps |
Jade Waterfront Condos 33 Shore Breeze Dr | $2,150/mo | $4.13/SF | 2leases | 0units | Comps |
Waterview I - Voyager 2121 Lake Shore Blvd W | $2,850/mo | $3.55/SF | 2leases | 0units | Comps |
Skylofts at Mystic Pointe 250 Manitoba St | $3,100/mo | $3.15/SF | 2leases | 0units | Comps |
Waterview III & IV - Explorer 58 Marine Parade Dr | $4,000/mo | $3.08/SF | 1lease | 2units | Comps |
Waterford Tower II 2083 Lake Shore Blvd W | $2,990/mo | $3.99/SF | 1lease | 2units | Comps |
Lofts at Mystic Pointe 300 Manitoba St | $2,850/mo | $2.59/SF | 1lease | 2units | Comps |
Palace Place 1 Palace Pier Crt | $3,000/mo | $3.53/SF | 1lease | 1unit | Comps |
South Beach Condos - West Tower 88 Park Lawn Rd | $2,700/mo | $4.15/SF | 1lease | 1unit | Comps |
Grand Harbour I 2285 Lake Shore Blvd W | $2,700/mo | $3.18/SF | 1lease | 1unit | Comps |
Grenadier Landing 5 Marine Parade Dr | $3,700/mo | $4.11/SF | 1lease | 1unit | Comps |
Newport Beach I & II 2111 Lake Shore Blvd W | $5,800/mo | $3.63/SF | 1lease | 1unit | Comps |
Eau du Soleil - Sky Tower 30 Shore Breeze Dr | $2,800/mo | $4.31/SF | 1lease | 0units | Comps |
Eau du Soleil - Water Tower 20 Shore Breeze Dr | $2,400/mo | $4.36/SF | 1lease | 0units | Comps |
Tides at Mystic Pointe 185 Legion Rd N | $3,300/mo | $3.47/SF | 1lease | 0units | Comps |
iLoft at Mystic Pointe 155 Legion Rd N | $3,200/mo | $3.37/SF | 1lease | 0units | Comps |
Mystic Pointe Skylofts II 200 Manitoba St | $2,700/mo | $3.60/SF | 1lease | 0units | Comps |
Waterview II - Voyager 2119 Lake Shore Blvd W | $2,475/mo | $3.30/SF | 1lease | 0units | Comps |
Riva del Lago 110 Marine Parade Dr | $4,300/mo | $3.31/SF | 1lease | 0units | Comps |
Ocean Club - Boutique 60 Annie Craig Dr | $2,500/mo | $3.33/SF | 1lease | 0units | Comps |
Nevis - Tower 88 Palace Pier Crt | $2,050/mo | $3.73/SF | 1lease | 0units | Comps |
Grand Harbour II 2287 Lake Shore Blvd W | $2,845/mo | $3.35/SF | 1lease | 0units | Comps |
Waterford Tower I 2087 Lake Shore Blvd W | $2,900/mo | $3.87/SF | 1lease | 0units | Comps |
The Player's Club 2067 Lake Shore Blvd W | $3,600/mo | $9.00/SF | 1lease | 0units | Comps |
Westlake 3 2212 Lake Shore Blvd W | $2,900(ask) | $3.87 (ask) | 0leases | 1unit | Comps |
Eleven Superior 11 Superior Ave | $2,400(ask) | $3.69 (ask) | 0leases | 1unit | Comps |
The Legends at Mystic Pointe 190 Manitoba St | $2,450(ask) | $3.27 (ask) | 0leases | 1unit | Comps |
Westlake Encore 10 Park Lawn Rd | — | — | 0leases | 0units | Comps |
Westlake 1 2220 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Westlake 2 2200 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Beyond the Sea - Star Tower 2230 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Marina Del Rey I 2261 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Beyond the Sea - II 2240 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Marina Del Rey II 2267 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Marina Del Rey III 2269 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Beyond the Sea - I 15 Legion Rd | — | — | 0leases | 0units | Comps |
Waterford 2095 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Grand Harbour III 2289 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
Nevis - Villa 80 Palace Pier Crt | — | — | 0leases | 0units | Comps |
70 Annie Craig Dr
56 Annie Craig Dr
36 Park Lawn Rd
16 Brookers Lane
165 Legion Rd N
251 Manitoba St
59 Annie Craig Dr
39 Annie Craig Dr
90 Park Lawn Rd
80 Marine Parade Dr
65 Annie Craig Dr
2045 Lake Shore Blvd W
33 Shore Breeze Dr
2121 Lake Shore Blvd W
250 Manitoba St
58 Marine Parade Dr
2083 Lake Shore Blvd W
300 Manitoba St
1 Palace Pier Crt
88 Park Lawn Rd
2285 Lake Shore Blvd W
5 Marine Parade Dr
2111 Lake Shore Blvd W
30 Shore Breeze Dr
20 Shore Breeze Dr
185 Legion Rd N
155 Legion Rd N
200 Manitoba St
2119 Lake Shore Blvd W
110 Marine Parade Dr
60 Annie Craig Dr
88 Palace Pier Crt
2287 Lake Shore Blvd W
2087 Lake Shore Blvd W
2067 Lake Shore Blvd W
2212 Lake Shore Blvd W
11 Superior Ave
190 Manitoba St
10 Park Lawn Rd
2220 Lake Shore Blvd W
2200 Lake Shore Blvd W
2230 Lake Shore Blvd W
2261 Lake Shore Blvd W
2240 Lake Shore Blvd W
2267 Lake Shore Blvd W
2269 Lake Shore Blvd W
15 Legion Rd
2095 Lake Shore Blvd W
2289 Lake Shore Blvd W
80 Palace Pier Crt
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Mimico.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Mimico Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Mimico
As of late summer 2026, the Mimico submarket within Etobicoke (postal area M8V) operates as a high-speed hotspot where rental inventory turns over rapidly. Across the local market, public records show an average realized rent of $2,920 per month based on 62 closed leases over the trailing 30 days, alongside 53 active listings currently on the market. Prospective tenants face a notable gap between landlord expectations and signed transactions, with active listings averaging an asking rent of $3,270—representing an asking-to-realized spread of $350 per month. Compared to the broader Etobicoke municipal benchmark of $2,690 per month, Mimico commands an 8.55% premium (a dollar difference of $230), reflecting strong demand for its lakefront and transit-connected condominium developments. Transaction volume is heavily anchored by 1-bedroom and 1-bedroom plus den layouts distributed across 50 tracked buildings.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Mimico is currently $2,920/month ($4.05/SF), with an average leasing velocity of 23 Days on Market. Compared to the overall Etobicoke municipal benchmark ($2,690/month), Mimico trades at a 9% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Nevis - Tower ($2,050/mo) to Newport Beach I & II ($5,800/mo).
Month Over Month Trends
Month-over-month rental rates in Mimico adjusted downward by $144, or 4.70%, moving from an average of $3,064 across 70 closed leases in the prior 30-day period to $2,920 across 62 closed leases in the current 30-day window. This short-term adjustment reflects a slight compositional shift toward smaller executed suite sizes rather than structural value degradation, as the current 30-day snapshot captures a higher proportion of compact 1-bedroom and 1-bedroom plus den executions relative to larger family-sized multi-bedroom lease contracts signed in the preceding month.
Longer Term Trends & Rental Dispersion
Mid-term and historical metrics confirm sustained pricing stability across Mimico's multi-residential market. Over the trailing 90-day window, 180 closed leases averaged $2,939 per month at $3.97 per square foot, while the all-time baseline across 302 transactions sits at $2,851 per month. Overall rent dispersion spans a wide spectrum from an entry-level minimum of $1,575 to a peak of $7,500 per month. The middle 50% of the market—defined by the interquartile range—sees rents fall between the 25th percentile of $2,350 and the 75th percentile of $3,100 per month, with an overall median rent of $2,612 and an IQR dollar spread of $750, highlighting a clear stratification between standard 1-bedroom investment condos and luxury lakeview townhomes or larger multi-room suites.
Currently across Mimico's 50 tracked multi-family properties, there are 53 active rental listings with an average asking rent of $3,270/month ($4.39/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,920/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Renters targeting Mimico should prepare for a competitive leasing environment where well-priced suites secure tenants within three weeks. Prospective tenants can expect the middle 50% of the market to range between $2,350 and $3,100 per month. Stepping up from a standard 1-bedroom suite (averaging $2,310) to a 2-bedroom layout (averaging $3,281) requires a monthly rent step-up of $971 (a 42.03% increase) while gaining an additional 291 square feet of living space. Expanding further into a 2-bedroom plus den configuration adds another $597 per month. Applicants should verify whether parking is included in the asking rent, as unbundled parking spaces command verified monthly premiums in this lakefront pocket.
For Landlords
Landlords and condo investors operating in Mimico must exercise pricing discipline to avoid extended vacancy periods. With active listings asking an average of $3,270 against closed leases realizing $2,920, an asking-to-realized spread of $350 per month exists across the submarket. Property owners who price units significantly above the 75th percentile benchmark of $3,100 risk sitting on the market longer than the submarket average of 23 days. To maintain a strong absorption profile, landlords should align asking rates closely with verified 30-day and 90-day closed lease comps for their specific bedroom tier and building class.
For Realtors
Real estate professionals representing clients in Mimico are navigating a high-velocity submarket characterized by a 53.9% absorption rate across 50 tracked condominium developments in postal code M8V. Agents should advise buyer and tenant clients that while active inventory stands at 53 units, landlords maintain an asking-to-realized spread of $350, providing room for strategic negotiation. Managing client expectations around Days on Market—averaging 23 days—requires swift application preparation, particularly in the highly active 1-bedroom and 1-bedroom plus den segments where transaction volume is concentrated.
Mimico Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Mimico, Etobicoke
What is the average rent for a condominium or apartment in Mimico, Etobicoke?
Mimico's average realized lease price is $2,920 per month ($4.05/sqft), based on 62 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $2,350 (25th percentile) and $3,100 (75th percentile) per month, positioning Mimico at an 8.55% premium compared to the broader Etobicoke municipal average of $2,690 per month.
How much is a 1-bedroom apartment in Mimico?
The average rent for a 1-bedroom apartment in Mimico, Etobicoke is $2,394 per month ($4.18/sqft) based on 30-day trailing data ending August 31, 2026, while 1-bedroom plus den suites average $2,573 per month ($3.79/sqft) over the same period. Most 1-bedroom units lease between $2,200 (25th percentile) and $2,450 (75th percentile) per month, with an average realized size of 578 square feet.
How much is a 2-bedroom apartment in Mimico?
The average rent for a 2-bedroom apartment in Mimico, Etobicoke is $3,441 per month ($4.05/sqft) based on 30-day trailing data ending August 31, 2026, while 2-bedroom plus den suites average $4,270 per month ($4.86/sqft). Most standard 2-bedroom units lease between $2,950 (25th percentile) and $3,500 (75th percentile) per month, representing an average rent step-up of $971 and an additional 291 square feet compared to standard 1-bedroom configurations.
How much is a 3-bedroom apartment in Mimico?
The average rent for a 3-bedroom apartment in Mimico, Etobicoke is $5,800 per month ($3.63/sqft) based on trailing 30-day closed lease data ending August 31, 2026. Three-bedroom and larger apartment rentals in Mimico represent a highly scarce inventory segment with a limited sample of closed transactions, averaging 1,705 square feet across historical records.
What are the most affordable and premium condo and apartment buildings in Mimico?
Within Mimico, Newport Beach I & II commands the highest average lease rate at approximately $5,400 per month, while Nevis - Tower offers accessible entry-level private transactions across tracked submarket inventory starting around $2,050 per month.
How does rent in Mimico compare to the overall Etobicoke average?
Mimico rents average $2,920 per month, which is higher than the overall Etobicoke average of $2,690 per month (a spread of $230 or 8.55%). Properties in Mimico spend an average of 23 days on the market—leasing 1 day slower than the broader Etobicoke municipal benchmark of 22 days.
What are the postal code FSAs for Mimico?
Condo and apartment rentals in Mimico primarily fall within postal forward sortation areas (FSAs) such as M8V.
How fast do rental units lease in Mimico (Days on Market)?
Rental listings in Mimico spend an average of 23 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 1 day slower than the broader Etobicoke municipal benchmark of 22 days.
How should landlords price their rental listings in Mimico to avoid vacancy loss?
With active listings averaging $3,270 against closed leases at $2,920—an asking-to-realized spread of $350 per month—landlords in Mimico are advised to align asking prices closely with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the 23-day submarket average.
How much more will a unit with a parking spot in Mimico rent for versus a unit without one?
Reserved parking in Mimico adds an estimated $263 to $516 per month across 1-bedroom and 1-bedroom plus den rental rates, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Mimico rents?
Across most Ontario condominium developments, suite electricity (hydro) and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.
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