3 Marine Parade Dr. This condo at Hearthstone by the Bay Condos is located in  Etobicoke, Toronto - image #1 of 2 by Strata.ca
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    building_buyHearthstone by the Bay Condos
    0Listings for Salefor Sale
    1Listing for Rentfor Rent
    Walkability
    6/10
    Transit
    8/10
    Bikeability
    7/10
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    low
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Davies Smith Developments
    Condo Completion
    2010
    Property Management
    360 Community Management Ltd.
    Unit Size Range
    560 - 1275 SQFT
    Number of Units
    144
    Number of Storeys
    18

    3 Marine Parade Dr, Toronto

    About this condo

    When we say the Hearthstone by the Bay Condos isn’t for everyone, we really mean it. Youngins will have to wait their turn, as 3 Marine Parade Drive isn’t only an Etobicoke condominium, it’s also a retirement community.

    Davies Smith Developments is responsible for making 144 homes available for retirees in Mimico neighbourhood. The 18-storey building was completed in 2010 and features an inventive services structure planned with seniors in mind. Beyond the standard amenities found in most condos, 3 Marine Parade Dr offers residents housekeeping, fitness programs, and even a shuttle bus to nearby sites as well as downtown Toronto.

    The creators of Hearthstone by the Bay are committed to keeping costs down for seniors. Anyone living in the building pays a mandatory monthly fee for basic services such as 24-hour emergency response, kitchen and dining room staff, fitness programming, activities and social events, and housekeeping. From there, residents have the option to add more services based on their individual needs and desires, such as hair appointments, massages, physiotherapy, trips out of the city, and grocery delivery.

    In addition to these services, residents have access to an array of communal spaces. Between the party room, gym with resistance pool, theatre, pub, terrace, solarium, library, and games room, it’s pretty difficult to become bored at 3 Marine Parade Dr.

    The Suites

    Retirees ready to downsize can choose Toronto condos as small as 600 square feet or as large as 1,300. Units at Hearthstone by the Bay contain either one bedroom or two, plus there’s always the option of a den.

    Prospective residents interested in 3 Marine Parade Dr can expect to find open concept kitchens with enough space for a dining table, sunrooms, floor-to-ceiling windows, and elegant interior design throughout the building. All in all, these suites are extremely well-suited to anyone transitioning from a house to a condo.

    The Neighbourhood

    Mimico is the perfect spot for a retirement community: it’s surrounded by peaceful parks and walking trails, plus there are plenty of restaurants within walking distance. Those in the mood for a walk can start at Humber Bay Shores Park and head west through the Butterfly Garden until they reach Humber Bay Parks East and West. Heading out in the other direction, on the other hand, will land residents at Sunnyside Beach.

    Come wintertime, residents can stroll through Sherway Gardens, a large shopping mall on the Queensway. There’s also a Cineplex Cinemas Queensway and VIP nearby, as well as a Costco.

    Transportation

    While some residents living at 3 Marine Parade Dr will rely on the building’s shuttle to get around, others prefer to drive. Drivers can hop onto the Gardiner Expressway, a major highway that offers access to the downtown core to the east and the 427 to the west.

    As for those who use the TTC to get around, residents can catch the 80 Queensway bus in order to visit destinations along the Queensway. Alternatively, those heading toward downtown Toronto can use the 501 Streetcar to travel along Queen Street.

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    1

    Listings For Rent

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    Amenities

    Amenities
    Concierge
    Lap Pool
    Security System
    Rooftop Deck/Garden
    Games Room
    Recreation Room
    Underground Parking
    Gym
    Indoor Pool
    Party/Meeting Room
    Media Room
    Visitor Parking

    Maintenance Fees Cover

    Maintenance fees include

    None

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning
    Water

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Hearthstone by the Bay Condos vs The Mimico Area

    $433.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Hearthstone by the Bay Condos's Avg
    price per SQFT
    $523 / SQFT
    Neighbourhood Avg
    price per SQFT
    $956 / SQFT

    Building Trends At Hearthstone by the Bay Condos

    Days on Market

    Units at Hearthstone by the Bay Condos spend an average of
    76
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    47th
    Highest price per SQFT out of 56 condos in the Mimico area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value

    Hearthstone by the Bay Condos offers the
    ?
    best value out of 56 condos in the Mimico neighbourhood

    Return on Investment

    Hearthstone by the Bay Condos has the
    ?
    highest ROI out of 56 condos in the Mimico neighbourhood

    Rental Yield

    Hearthstone by the Bay Condos yields the
    ?
    highest rent prices out of 56 condos in the Mimico neighbourhood

    High Demand

    Hearthstone by the Bay Condos is the
    ?
    most popular building out of 56 condos in the Mimico neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed600 - 600 SQFT
    Average Cost Per Sqft
    No Data
    Sales Price Range
    No Data
    Rental Price Range$2,800 - $2,800
    1 Bed + Den712 - 750 SQFT
    Average Cost Per Sqft$516
    Sales Price Range$325,000 - $385,000
    Rental Price Range
    No Data
    2 Bed919 - 1123 SQFT
    Average Cost Per Sqft$560
    Sales Price Range$523,500 - $523,500
    Rental Price Range$4,500 - $5,000
    2 Bed + Den958 - 1252 SQFT
    Average Cost Per Sqft$536
    Sales Price Range$525,000 - $665,000
    Rental Price Range
    No Data

    How Often Are Units Listed?

    1 Bed600 - 733 SQFT
    Average Sales Availability
    Every200Days
    Average Rental Availability
    Every961Days
    Ratio of Unit Type in Building12%
    1 Bed + Den700 - 952 SQFT
    Average Sales Availability
    Every155Days
    Average Rental Availability
    Every425Days
    Ratio of Unit Type in Building28%
    2 Bed919 - 1275 SQFT
    Average Sales Availability
    Every93Days
    Average Rental Availability
    Every368Days
    Ratio of Unit Type in Building41%
    2 Bed + Den928 - 1252 SQFT
    Average Sales Availability
    Every155Days
    Average Rental Availability
    Every631Days
    Ratio of Unit Type in Building21%

    Maintenance Fees
    Hearthstone by the Bay Condos vs The Mimico Area

    $0.07
    More Expensive
    per SQFT compared to the neighbourhood average
    Hearthstone by the Bay Condos's Avg
    monthly maintenance
    fee per SQFT
    $0.85 / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.78 / SQFT

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