$1,399,000
Est. payment $6,194/moCalculate yours
40 MacDonald Street, Toronto, ON M8V 1Y4
Mimico, Etobicoke, ON M8V 1Y4
- 4 + 1 Beds
- 4 Baths
- 2 Garage
- 2,000 Sq Ft
Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY MLS® W13560268
About this home
Excellent Development Potential in Highly Coveted Mimico. Rare 50 x 125 Ft Lot in One of the City’s Most Vibrant Lakeside Communities. Effortless Stroll to Mimico Go Station, Lake Ontario and Top Tier Schools. This Huge 4 Level Backsplit Features 4 Bedrooms, 4 Bathrooms, Cathedral Ceiling in Entry & Foyer, Separate Entrance to Lower Levels with Walkout at Grade, Huge Above Grade Family Room, Replaced Oak Hardwood Floors & Stairs in LR, DR & Family Room. Roof 2018, Solid Double Garage with Large Loft Area, Double Drive-way. Renovate to Build Your Ultimate Custom Dream Home or Apply to Sever and Build Two! This property offers many Opportunities in a Highly Desirable Neighbourhood
Property details
Overview
- Property Type
- Detached
- Style
- Backsplit 4
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 2,000 sqft
Interior
- Bedrooms
- 4 + 1
- Bathrooms
- 4
- Kitchens
- 1
- Basement
- Partially Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 125 Feet
- Parking
- Attached garage · 6 total
- Zoning
- RM(u3;d0.6*22)
Financial
- Property Taxes
- $7,765 (2026)
Location
- Neighbourhood
- Mimico
- Cross Street
- Royal York & MacDonald St.
- Direction Faces
- North
Listing
- MLS® Number
- W13560268
- Days on Market
- 97
- Listed On
- 2026-07-13
- Possession
- 90 - 120 Days
- Listed By
- ROYAL LEPAGE TERREQUITY REALTY
Features
Interior
- None
Property
- Park
- Public Transit
- School
Pool
- None
- Included
- All Chattels including all appliances in "as is" condition (Estate). NOTE - Furnace currently inoperable.
- Excluded
- None.
- Rental items
- HWT (Enercare)
Mortgage calculator
Estimated mortgage payment
$6,194 per month
- Principal and interest
- $6,194
- Property tax
- $647
- Condo fees
- $0
- Estimated monthly cost
- $6,842
Your mortgage
- Mortgage amount
- $1,119,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $739,141
Cash to close
- Down payment
- $279,800
- Land transfer tax (Ontario + Toronto)
- $48,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $328,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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