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    Hearthstone by the Bay Condos

    3 Marine Parade Drive

    2for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    18
    Number of Units:
    144
    Condo Completion:
    2010
    Condo Demand:
    Medium
    Unit Size Range:
    560 - 1,275 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Hearthstone by the Bay Condos

    Amenities

    Gym Room
    Indoor Parking
    Media Room
    Indoor Pool
    Rec Room
    Security System

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 3 Marine Parade DriveHearthstone by the Bay Condos

    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.

    2

    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    6/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,316
    Average Individual Income
    $64,286
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $109,977
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    36%
    Semi Detached
    26%
    High Rise Apartment
    20%
    Low Rise Apartment
    11%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    58%
    Mandarin
    14%
    Other
    13%
    Cantonese
    10%
    Tagalog
    2%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    33%
    High School
    27%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Education
    5%
    Humanities
    4%
    Physical Sciences
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Days on Strata

    Units at Hearthstone by the Bay Condos spend an average of
    48
    Days on Strata
    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 a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.6
    YEARS before being sold again

    Property Value

    10%
    Increase in property value within the past twelve months

    Price Ranking

    50th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Hearthstone by the Bay Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    Hearthstone by the Bay Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    Hearthstone by the Bay Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    Hearthstone by the Bay Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 3 Marine Parade Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$405,000$525,000 - $699,000No Data
    Avg. Cost Per SqftNo Data$546$618No Data
    Avg. Wait for Unit Availability168 Days131 Days98 Days142 Days
    Ratio of Units in Building13%27%42%20%

    Maintenance Fees

    Hearthstone by the Bay Condos vs The Mimico Area

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