Mimico Rental Comps & Market Trends
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 3 tracked properties across Mimico, Toronto.
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, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Water's Edge at The Cove 38 Annie Craig Drive | $2,661/mo | $4.24/SF | 9leases | 14units | Comps |
The Deauville Apartments 2663 Lake Shore Boulevard W | $2,150/mo | $3.31/SF | 1lease | 0units | Comps |
2401 Lakeshore Boulevard W 2401 Lakeshore Boulevard W | — | — | 0leases | 0units | Comps |
38 Annie Craig Drive
2663 Lake Shore Boulevard W
2401 Lakeshore Boulevard W
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
Mimico is an established residential submarket within Toronto, comprising 3 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.
Transportation throughout Mimico is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Toronto and the wider Greater Toronto Area.
The residential inventory in Mimico features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Mimico is currently $2,661/month ($4.24/SF), with an average leasing velocity of 20 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Mimico trades at a 4% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from The Deauville Apartments ($2,150/mo) to Water's Edge at The Cove ($2,661/mo).
Currently across Mimico's 3 tracked multi-family properties, there are 14 active rental listings with an average asking rent of $2,471/month ($4.66/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,661/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Evaluate both verified closed lease comps and active asking prices across Mimico to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 20 days on market, prepare pre-verified credit reports, proof of employment, and deposit drafts prior to viewings. Check building construction completion dates to confirm Ontario rent control guideline applicability.
For Landlords
Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income. At an average rent of $2,661/mo, each day of vacancy costs $89/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.
For Realtors
Review building-level historical lease velocity and $/SF trends in Mimico to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Mimico's 3 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.
Mimico Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Mimico, Toronto
Based on lease transactions tracked by FastScreen in August 2026 across 3 tracked condominium and apartment buildings in Mimico, realized rents by unit layout average:
- Studio / Bachelor:$1,809/mo($3.93/SF · 460 SF)-$75 vs Toronto avg
- 1-Bedroom:$2,250/mo($4.09/SF · 550 SF)-$21 vs Toronto avg
- 1-Bedroom + Den:$2,516/mo($4.38/SF · 577 SF)+$51 vs Toronto avg
- 2-Bedroom:$2,700/mo($4.22/SF · 640 SF)-$347 vs Toronto avg
- 2-Bedroom + Den:$3,900/mo($3.55/SF · 1100 SF)+$576 vs Toronto avg
- 3-Bedroom+:$3,992/mo($3.38/SF · 1180 SF)-$163 vs Toronto avg
Overall market leasing across all unit layouts averaged $2,661/month ($4.24/SF) with an average of 20 Days on Market. Active rental listings currently average $2,471/month ($4.66/SF) for an average unit size of 543 SF.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Mimico