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    714 - 5 Marine Parade Drive

    For SaleGrenadier Landing Condos
    $630,000
    1 Bed
    1 Bath
    1 Parking
    700 SQFT
    21 Days on Strata
    Est Sell Timeframe
    3 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $900/sqft
    Maintenance Fees:
    $606/mth
    Taxes:
    $2,059 (2023)
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    July 16, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    No

    Room Dimensions

    Living
    Walkout To Balcony, Overlooks Water, Large Window
    17.98 x 11.65ft
    Dining
    Combined with Dining
    17.98 x 11.65ft
    Kitchen
    Modern Kitchen, Stainless Steel Appliances, Double Sink
    8.96 x 7.84ft

    About this Listing

    Welcome to Grenadier Landing - a boutique modern condominium on the wateredge of Lake Ontario. The location is perfect for nature loving people and yet it is only ten minute drive to Toronto downtown. Access to the Gardiner or QEW is easy. Amenities include gym, lounge, concierge, rooftop, courtyard garden, and much more. Also, there is an EV charging station in P1 level. The suite is bright and spacious; it has 9ft high ceiling, good sized bedroom and a lovely eye level view of Lake Ontario. It is located in the south end of the building and really close to the lake. This kind of suite is rarely available. It is a perfect home for professionals who want to live in a modern and not-too-crowded condo and be able to breath the fresh air from the lake and to hear the sound of waves on beach.

    ExtrasIncluding: S/S fridge, stove, microwave, dishwasher, washer/dryer, all light fixtures and windows coverings as well as one parking and locker. All utilities are included - good saving.

    right at home realtyMLS® #W8233836


    Amenities

    Media Room
    BBQ
    Rec Room
    Indoor Parking
    Party Room
    Guest Suites

    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 Grenadier Landing Condos spend an average of
    16
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    5.1
    YEARS before being sold again

    Property Value

    10%
    Increase in property value within the past twelve months

    Price Ranking

    14th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

    Grenadier Landing Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    Grenadier Landing Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    Grenadier Landing Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    Grenadier Landing Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 5 Marine Parade Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$640,000$707,000$800,000 - $998,000$1,260,000No DataNo Data
    Avg. Cost Per Sqft$896$987$954$1,090No DataNo Data
    Avg. Wait for Unit Availability147 Days42 Days109 Days363 DaysNo DataNo Data
    Ratio of Units in Building17%44%33%6%2%1%

    Maintenance Fees

    Grenadier Landing Condos vs The Mimico Area

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