Mimico Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 53 tracked properties across Mimico, Etobicoke.
Mimico Rental Market Overview
Rental market activity across the Mimico submarket in Etobicoke (postal prefix M8V) reflects a dynamic leasing environment characterized by rapid turnover and firm demand. As of late September 2026, public transaction records show an average realized rent of $2,667 based on 46 closed leases executed over the trailing 30 days, alongside 80 active listings currently available across 53 tracked residential developments. Properties across the neighbourhood lease at an average efficiency of $4.04 per square foot.
Landlord asking rents across current active inventory stand at an average of $3,125 per month ($4.24 per square foot), creating an asking-to-realized spread of $458 per month between initial listing targets and finalized lease contracts. Rental rates in the Mimico submarket sit at a premium compared to the broader Etobicoke municipal average of $2,479, representing a $188 (7.58%) positive variance. Transaction volume is anchored predominantly by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed lease agreements across the submarket's multi-residential inventory.
Get a free rent estimate for any Mimico condo
Analyze verified lease comps and active asking rates across 53 buildings in Mimico.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Mimico
Closed Leases
Transactions that closed in September 2026 across Mimico
Mimico Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Mimico Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Mimico, Etobicoke.
| Action | |||||
|---|---|---|---|---|---|
Water's Edge at The Cove 38 Annie Craig Drive | $2,433/mo | $4.42/SF | 9leases | 10units | Comps |
Phoenix 251 Manitoba St | $2,575/mo | $4.03/SF | 7leases | 6units | Comps |
Riva del Lago 110 Marine Parade Dr | $3,933/mo | $3.84/SF | 6leases | 1unit | Comps |
Vita on the Lake 70 Annie Craig Dr | $2,980/mo | $3.96/SF | 5leases | 6units | Comps |
Vita Two on the Lake 65 Annie Craig Dr | $2,705/mo | $4.46/SF | 5leases | 3units | Comps |
South Beach Condos - West Tower 88 Park Lawn Rd | $3,400/mo | $4.19/SF | 4leases | 2units | Comps |
Ocean Club - Tower 59 Annie Craig Dr | $2,717/mo | $4.03/SF | 3leases | 5units | Comps |
Nautilus at Waterview 16 Brookers Lane | $2,417/mo | $3.17/SF | 3leases | 4units | Comps |
The Cove at Waterways 39 Annie Craig Dr | $2,675/mo | $4.19/SF | 3leases | 3units | Comps |
iLoft at Mystic Pointe 155 Legion Rd N | $2,667/mo | $4.05/SF | 3leases | 2units | Comps |
Mystic Pointe Skylofts II 200 Manitoba St | $2,933/mo | $3.27/SF | 3leases | 1unit | Comps |
Waterview I - Voyager 2121 Lake Shore Blvd W | $2,808/mo | $3.32/SF | 3leases | 0units | Comps |
Sunset at California Condos 165 Legion Rd N | $2,675/mo | $3.87/SF | 2leases | 6units | Comps |
Lago 56 Annie Craig Dr | $2,325/mo | $3.78/SF | 2leases | 4units | Comps |
Key West Condos 36 Park Lawn Rd | $2,300/mo | $3.83/SF | 2leases | 3units | Comps |
Waterscapes at Waterview 80 Marine Parade Dr | $2,350/mo | $4.48/SF | 2leases | 2units | Comps |
Newport Beach I & II 2111 Lake Shore Blvd W | $5,400/mo | $3.35/SF | 2leases | 2units | Comps |
South Beach Condos - East Tower 90 Park Lawn Rd | $3,800/mo | $3.45/SF | 2leases | 1unit | Comps |
Tides at Mystic Pointe 185 Legion Rd N | $3,300/mo | $3.33/SF | 2leases | 0units | Comps |
Grand Harbour I 2285 Lake Shore Blvd W | $2,700/mo | $3.18/SF | 1lease | 3units | Comps |
Waterview III & IV - Explorer 58 Marine Parade Dr | $2,200/mo | $5.50/SF | 1lease | 2units | Comps |
Waterford Tower II 2083 Lake Shore Blvd W | $2,990/mo | $3.99/SF | 1lease | 2units | Comps |
Palace Place 1 Palace Pier Crt | $2,950/mo | $3.93/SF | 1lease | 1unit | Comps |
Grenadier Landing 5 Marine Parade Dr | $3,700/mo | $4.11/SF | 1lease | 1unit | Comps |
Waterview II - Voyager 2119 Lake Shore Blvd W | $2,475/mo | $3.30/SF | 1lease | 1unit | Comps |
Skylofts at Mystic Pointe 250 Manitoba St | $2,900/mo | $2.83/SF | 1lease | 1unit | Comps |
Ocean Club - Boutique 60 Annie Craig Dr | $2,500/mo | $3.33/SF | 1lease | 1unit | Comps |
Waterford Tower I 2087 Lake Shore Blvd W | $2,900/mo | $3.87/SF | 1lease | 1unit | Comps |
The Legends at Mystic Pointe 190 Manitoba St | $2,350/mo | $3.13/SF | 1lease | 1unit | Comps |
Lofts at Mystic Pointe 300 Manitoba St | $2,800/mo | $3.29/SF | 1lease | 1unit | Comps |
Palace Pier 2045 Lake Shore Blvd W | $5,000/mo | $5.62/SF | 1lease | 0units | Comps |
Jade Waterfront Condos 33 Shore Breeze Dr | $2,100/mo | $3.82/SF | 1lease | 0units | Comps |
Nevis - Tower 88 Palace Pier Crt | $2,250/mo | $3.46/SF | 1lease | 0units | Comps |
Eleven Superior 11 Superior Ave | $2,300(ask) | $3.96 (ask) | 0leases | 3units | Comps |
Westlake 3 2212 Lake Shore Blvd W | $2,900(ask) | $3.87 (ask) | 0leases | 1unit | Comps |
Eau du Soleil - Sky Tower 30 Shore Breeze Dr | — | — | 0leases | 0units | Comps |
Eau du Soleil - Water Tower 20 Shore Breeze Dr | — | — | 0leases | 0units | 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 |
Grand Harbour II 2287 Lake Shore Blvd W | — | — | 0leases | 0units | Comps |
The Deauville Apartments 2663 Lake Shore Boulevard W | — | — | 0leases | 0units | Comps |
The Player's Club 2067 Lake Shore Blvd W | — | — | 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 |
2401 Lakeshore Boulevard W 2401 Lakeshore Boulevard W | — | — | 0leases | 0units | Comps |
38 Annie Craig Drive
251 Manitoba St
110 Marine Parade Dr
70 Annie Craig Dr
65 Annie Craig Dr
88 Park Lawn Rd
59 Annie Craig Dr
16 Brookers Lane
39 Annie Craig Dr
155 Legion Rd N
200 Manitoba St
2121 Lake Shore Blvd W
165 Legion Rd N
56 Annie Craig Dr
36 Park Lawn Rd
80 Marine Parade Dr
2111 Lake Shore Blvd W
90 Park Lawn Rd
185 Legion Rd N
2285 Lake Shore Blvd W
58 Marine Parade Dr
2083 Lake Shore Blvd W
1 Palace Pier Crt
5 Marine Parade Dr
2119 Lake Shore Blvd W
250 Manitoba St
60 Annie Craig Dr
2087 Lake Shore Blvd W
190 Manitoba St
300 Manitoba St
2045 Lake Shore Blvd W
33 Shore Breeze Dr
88 Palace Pier Crt
11 Superior Ave
2212 Lake Shore Blvd W
30 Shore Breeze Dr
20 Shore Breeze Dr
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
2287 Lake Shore Blvd W
2663 Lake Shore Boulevard W
2067 Lake Shore Blvd W
2095 Lake Shore Blvd W
2289 Lake Shore Blvd W
80 Palace Pier Crt
2401 Lakeshore Boulevard W
Derived from verified closed lease contracts finalized during September 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
Rental market activity across the Mimico submarket in Etobicoke (postal prefix M8V) reflects a dynamic leasing environment characterized by rapid turnover and firm demand. As of late September 2026, public transaction records show an average realized rent of $2,667 based on 46 closed leases executed over the trailing 30 days, alongside 80 active listings currently available across 53 tracked residential developments. Properties across the neighbourhood lease at an average efficiency of $4.04 per square foot.
Landlord asking rents across current active inventory stand at an average of $3,125 per month ($4.24 per square foot), creating an asking-to-realized spread of $458 per month between initial listing targets and finalized lease contracts. Rental rates in the Mimico submarket sit at a premium compared to the broader Etobicoke municipal average of $2,479, representing a $188 (7.58%) positive variance. Transaction volume is anchored predominantly by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed lease agreements across the submarket's multi-residential inventory.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Mimico is currently $2,667/month ($4.04/SF), with an average leasing velocity of 18 Days on Market. Compared to the overall Etobicoke municipal benchmark ($2,479/month), Mimico trades at a 8% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Jade Waterfront Condos ($2,100/mo) to Newport Beach I & II ($5,400/mo).
Month Over Month Trends
Short-term month-over-month metrics indicate a downward adjustment in average realized lease pricing, shifting by -$201 (-7.01%) from the prior 30-day window where 77 closed leases averaged $2,868 per month ($4.05/sqft). This variance is primarily driven by a temporary shift in the mix of executed transactions during the current 30-day cycle toward slightly smaller floor plans and mid-tier buildings, contrasting with the higher concentration of premium multi-bedroom leases closed in the previous month.
Longer Term Trends & Rental Dispersion
Mid-term and historical baseline metrics highlight sustained price resilience across Mimico's rental inventory. Over the trailing 180 days, 391 closed leases established an average monthly rent of $2,801 at $4.04 per square foot with a 25-day average market duration. Overall rent dispersion across the submarket spans from a minimum realized lease of $1,575 to a maximum of $7,500 per month. The median realized rent sits at $2,550, while the middle 50% of the market—defined by the interquartile range between the 25th percentile ($2,300) and the 75th percentile ($3,000)—demonstrates a $700 price spread, illustrating a balanced distribution between entry-level multi-residential suites and premium waterfront condominium properties.
Currently across Mimico's 53 tracked multi-family properties, there are 80 active rental listings with an average asking rent of $3,125/month ($4.24/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,667/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Mimico should target the middle 50% benchmark range, where the majority of standard 1-bedroom and 2-bedroom suites successfully lease between $2,300 and $3,000 per month. Stepping up from a standard 1-bedroom suite (averaging $2,302 realized rent across 574 square feet) to a 2-bedroom layout (averaging $3,219 realized rent across 850 square feet) requires an average monthly financial step-up of $917 (39.83%) for an additional 276 square feet of living space. Upgrading from a 2-bedroom unit to a 3-bedroom configuration yields an average rent increase of $2,867 (89.06%) for an extra 709 square feet. With properties leasing in an average of 18 days, applicants should prepare documentation and deposits in advance to secure desirable suites quickly.
For Landlords
Landlords and condo investors operating in Mimico must maintain pricing discipline in alignment with realized market data. With active listings averaging $3,125 against closed leases averaging $2,667, the $458 asking-to-realized spread indicates that properties priced aggressively above local consensus face prolonged vacancy. Owners should anchor asking rates to recent closed transactions for their specific building tier rather than peak expectations. Given a 36.5% absorption rate and an average 18-day market duration, correctly priced suites lease rapidly without requiring extended marketing periods.
For Realtors
Real estate professionals representing clients in Mimico navigate a liquid and competitive submarket characterized by high transaction velocity across 53 tracked residential buildings in postal sector M8V. Agents should advise landlord clients to monitor the $458 asking-to-realized spread closely, ensuring that initial list prices do not detach from the median realized benchmark of $2,550. For tenant clients, managing expectations around the 18-day average market duration is critical; agents must act swiftly to submit complete applications upon property launch to secure inventory in this high-turnover Etobicoke pocket.
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 $2,667 per month ($4.04/sqft), based on 46 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market ranges between $2,300 (25th percentile) and $3,000 (75th percentile) per month, with a median realized rent of $2,550. This represents a $188 (7.58%) premium compared to the broader Etobicoke municipal average of $2,479 per month.
How much is a 1-bedroom apartment in Mimico?
The average rent for a 1-bedroom apartment in Mimico, Etobicoke is $2,336 per month ($4.21/sqft) based on 30-day tracking data ending September 30, 2026, while 1-bedroom plus den suites average $2,454 per month ($3.93/sqft). Most standard 1-bedroom units lease between $2,200 (25th percentile) and $2,400 (75th percentile) per month, with an average footprint of 574 square feet.
How much is a 2-bedroom apartment in Mimico?
The average rent for a 2-bedroom apartment in Mimico, Etobicoke is $2,995 per month ($3.81/sqft) based on 30-day tracking data ending September 30, 2026, while 2-bedroom plus den suites average $3,450 per month ($3.79/sqft). Standard 2-bedroom units typically lease between $2,890 (25th percentile) and $3,425 (75th percentile) per month, representing an average monthly price step-up of $917 and an additional 276 square feet of living space compared to 1-bedroom layouts.
How much is a 3-bedroom apartment in Mimico?
Three-bedroom and larger rental suites represent a scarce inventory segment across the submarket, with zero closed transactions recorded in the current tracking period. Historical mid-term samples indicate that tracked multi-bedroom units average $6,086 per month across an average footprint of 1,559 square feet.
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 The Deauville Apartments offers a prominent entry point with tracked private transactions averaging around $2,150 per month.
How does rent in Mimico compare to the overall Etobicoke average?
Mimico rents average $2,667 per month, which is higher than the overall Etobicoke municipal average of $2,479 per month (a spread of $188 or 7.58%). Properties in Mimico spend an average of 18 days on the market—leasing 2 days faster than the broader Etobicoke municipal benchmark of 20 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 18 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 2 days faster than the broader Etobicoke municipal benchmark of 20 days.
How should landlords price their rental listings in Mimico to avoid vacancy loss?
With active listings averaging $3,125 against closed leases averaging $2,667—an asking-to-realized spread of $458 per month—landlords should align their pricing strategy with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket average of 18 days.
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 $261 to $326 per month across 1-bedroom and 1-bedroom plus den rental layouts, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Mimico rents?
Standard lease agreements in Ontario require renters to set up separate accounts for suite hydro and heating/cooling power. Water service and common amenity upkeep are almost universally included in the owner's monthly maintenance fees.
Explore Other Etobicoke Submarkets
Compare neighbourhood comps and rental rates for leased units across Etobicoke against Mimico