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    58 Marine Parade Drive

    Explorer At Waterview Condos
    2for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    270
    Condo Completion:
    2007
    Condo Demand:
    Medium
    Unit Size Range:
    324 - 3,352 SQFT
    Unit Availability:
    Low

    Listing History for Explorer At Waterview Condos

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    Amenities

    Party Room
    Security System
    Visitor Parking
    Gym Room
    Sauna
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 58 Marine Parade DriveExplorer At Waterview Condos

    On sunny days the glass-clad façade at 58 Marine Parade Drive takes on a blue hue, thanks to its close proximity to Lake Ontario. Part of a complex that also includes Nautilus at Waterview, the Explorer at Waterview Condos consists of 270 Toronto condos spread out over 13 floors.

    Constructed in 2007 by Monarch Developments, the building also features an impressive lineup of amenities. In addition to standard communal elements like a fitness centre and party room, 58 Marine Parade Dr also boasts an indoor swimming pool, hot tub, and sauna, a meeting room, a movie theatre, and guest suites. And just to make life easier for residents, there’s also a concierge and underground parking with visitor spots.

    The Suites

    The range in suite size at 58 Marine Parade Dr is impressive to say the least, with homes starting at 375 and reaching to approximately 3,250 square feet. With everything from studios to three bedroom plus den homes in the building, prospective residents of all sorts can find Toronto condos for sale to suit their needs.

    Design-wise, the homes within 58 Marine Parade Dr are modern, stylish, sleek, and spacious. Curiously enough, some suites contain more outdoor space than indoor: one unit, for example, spans 800 square feet and contains a 1,200 square foot terrace.

    The Neighbourhood

    There’s nowhere quite as idyllic in Etobicoke than Mimico, a lakeside neighbourhood nestled between the Humber River and Mimico Creek. The latter meets Lake Ontario just around the corner from 58 Marine Parade Drive, in between Humber Bay Parks East and West. With both of these green spaces close at hand, residents have access to beaches, multiple sailing clubs, and some truly scenic trails.

    The immediate area around Explorer at Waterview is known as the Humber Bay Shores, and has been experiencing something of a renaissance in recent years. In addition to new residential buildings, Humber Bay Shores now contains an abundance of businesses as well, including restaurants, cafés, and grocery stores.

    Living in Etobicoke also means having access to one thing that the downtown core lacks: big box stores. Costco, IKEA, and Home Depot, for example, all take about 10 minutes to reach by car. When it comes time to update one’s wardrobe, on the other hand, it helps to have Sherway Gardens so close at hand. This enormous mall can be found on the Queensway, just west of the 427, and contains enough stores to warrant spending an entire day indoors.

    Transportation

    The Gardiner Expressway takes all of a minute or two to reach from 58 Marine Parade Dr. Once on this major highway, residents can drive east toward the downtown core in no time, or they can head west in order to connect onto the 427. Once on the 427, cars can zip up to Pearson International Airport, the entire journey taking approximately 20 minutes.

    Residents without cars can walk just 10 minutes to reach the Humber Loop at the Queensway, where the 501 Queen streetcar makes a stop before heading east toward downtown Toronto. Another great option for those who rely on public transit to get around is the 66 Prince Edward bus, which carries passengers up to Old Mill Station in around 15 minutes.

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    2

    Listings For Sale

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    Listings For Rent

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    Explore Mimico

    6/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    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.

    Similar condos

    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    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%

    Maintenance Fees

    Explorer At Waterview Condos vs The Mimico Area

    Days on Strata

    Units at Explorer At Waterview Condos spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    5.8
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    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

    18
    Units were Rented over the past twelve months

    Best Value Rank

    Explorer At Waterview Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    Explorer At Waterview Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    Explorer At Waterview Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    Explorer At Waterview Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 58 Marine Parade Drive

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$442,000$522,500$675,000No Data$1,450,000No DataNo Data
    Avg. Cost Per Sqft$1,170$942$931No Data$987No DataNo Data
    Avg. Wait for Unit Availability461 Days76 Days95 Days123 Days108 DaysNo DataNo Data
    Ratio of Units in Building7%28%20%21%26%1%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Mimico