Mimico Toronto Real Estate and Homes for Sale

Mimico - Etobicoke

A former municipality in Toronto, Ontario, the neighbourhood of Mimico is nestled in the south-west area of the city, beside Lake Ontario. It is considered the gateway to the west-end waterfront real estate market of Toronto and shares borders with New Toronto and Humber Bay - Humber Shores. It's a well-established community and is popular for its picturesque lakefront parks and excellent recreational amenities.

•   AgeOlder
•   Area Urban
•   AmenitiesCF Sherway
•   Commute12 mins DT
•   IncomeMiddle

| MIMICO REAL ESTATE - TORONTO

Mimico Real Estate Overview

Surrounding communities might be of interest as well:

• ALDERWOOD
• LONG BRANCH
• NEW TORONTO

A city sub-division plan established the Town of Mimico in 1856, but the area was not separated from the former Etobicoke township until 1911. The origin of Mimico's land area is mainly three family farms, namely- Hendry Estate (between Queens Avenue and Royal York), Stock Estate (North of Portland), and Van Every Estate (between Dwight Avenue and Royal York Road). It was an independent municipality until 1967 when it was joined Etobicoke. Etobicoke then merged into the city of Toronto and the GTA in 1998.

Today, Mimico is mostly a residential area with two commercial strips. One of these is along Royal York Road and the other along Lake Shore Boulevard West, running parallel to the shoreline (from Louisa Avenue to Allen Avenue). A former commercial strip also runs along Mimico Avenue between Royal York Road and Lake Shore Boulevard West. Some industrial areas exist along the railway corridor. In early 2012, Mimico was ranked first on the "Where to Buy Now" list of Toronto Life magazine.

Who Lives In Mimico Homes?

Mimico was once the best-kept secret of Toronto, but many people are now flocking to the area. Once home to mainly Italian families, now it's a popular area for people from all over the world. The entire area is currently very diverse, and it's growing steadily with an increasing population and mushrooming new developments.

Millennials, their families, working professionals and retirees form the significant chunk of the neighbourhood's demography. It's also home to several notable athletes, politicians, industrialists and musicians.

Mimico Homes Are Perfect For

Mimico is the perfect neighbourhood for anyone who wishes to enjoy a laid-back community, despite being only a few minutes from downtown Toronto. No matter how quickly the area has evolved, it continues to maintain its tight-knit-community feel, as seen from the amicable and outgoing people here. It's one of the best Torontonian neighbourhood to start and nurture a family.

Mimico Homes Are Not So Perfect For

Mimico may not be the perfect place for anyone who is looking for a noise-free community. Major roads passing through the neighbourhood are sometimes inconvenient to navigate owing to heavy traffic during peak hours. At the same time, massive developments and high traffic often result in congestion.

Life And Style, Amenities And Things To Do In Mimico

Toronto Life ranked Mimico as the No. #2 on the list of top places to live in terms of both lifestyle and affordability. For residents who love the outdoors, living in the neighbourhood of Mimico is an excellent option. With three waterfront parks nearby, residents are often seen going for lakeside jogs or evening strolls.

Mimico can be reached through the 15 Evans and 73 Royal York TTC buses and the 508 Lakeshore/Queen Streetcar. Residents are seen accessing downtown Toronto through the Mimico GO Transit station or the Gardiner Expressway.

For pet owners, there is the Humber Bay Park West, which has a massive off-leash dog park to keep pets healthy and entertained. Additionally, there's a farmers market from May-October, where residents can shop for fresh ingredients for their meals.

Residents can also find plenty of sports centres where they can work out. Mimico also provides its residents with access to many amenities like a gymnastics centre, a sports arena and both CrossFit and yoga studios.

When it comes to raising children in the neighbourhood, the available amenities are excellent. George R. Gauld Junior School, John English Junior Middle School, David Hornell Public School, St. Louis Catholic Elementary School are some of the schools catering to the educational and extra-curricular needs of kids in the community.

For the foodies in the neighbourhood, there's certainly plenty of options. Pizzeria Oro Di Napoli, Pearl Sushi and Nimman Thai Cuisine are a few places that residents can visit. Cozy cafes like Birds and Beans Coffee and Firkin on the Bay provide you with an incredible setting to meet with friends or go on a date.

Mimico Real Estate Market

Mimico has charming older residential homes that feature a Tudor style of architecture. It has appealing little bungalows that are perfect for first-time homebuyers. An increasing number of new condos and townhouses are for sale in Mimico, blending perfectly with the low-rise rental apartment buildings along the Lakeshore.

The architecture in Mimico ranges from lakeside estates to cozy bungalows constructed during the 1920s and 1930s to low-rise apartment buildings established in the 1950s and 1960s. A couple of high-rise condominiums, townhouses and huge single-detached homes developed in the last few decades offer breath-taking views of Lake Ontario and natural spaces.

|Wondering what your house, townhouse or condo resale property value might be? Looking at homes for sale in Mimico to try and guess? Start your research with actual Mimico real estate market statistics to accurately gauge your property's value.  Contact top rated associate an experienced agent who knows the area to assist you with hard facts in the assessment of your Mimico home.