Detached House for sale at 56 Elma Street, Toronto, Ontario, M8V 1X8 - Mimico - MLS: W13430536

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56 Elma Street

Toronto, Ontario, M8V 1X8 - Mimico

$1,995,000

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Neighbourhood

Mimico
Major Intersection

Royal York & Lakeshore

Listed Since: 14 day(s)
Last update: 1 day(s) ago

Virtual Tour

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

5
Basement

Finished + Sep Entrance
Kitchen

1
Total Parking

5 (1 Attached Garage)
Lot Size

31.5x125 (Feet)
Taxes

$7,963.16 (2026)
Type

Freehold

Property Description

Property description for 56 Elma Street, Toronto

Welcome to 56 Elma Street, a beautifully designed residence in the heart of South Mimico, one of Toronto's most sought-after lakeside communities. Showcasing modern minimalist design, this four-bedroom, 2500 + sq' home offers sophisticated living spaces, exceptional functionality, and an unbeatable waterfront lifestyle. With natural light throughout the day, the main floor open-concept layout flows seamlessly into a spectacular loft-inspired living room with dramatic ceiling heights and cozy fireplace, creating an inviting gathering space. A sleek designer kitchen with premium appliances, custom cabinetry, and refined finishes serves as the heart of the home. Just as you head to the second level, a few steps above the main level, you'll find a separate family room. Upstairs, four spacious bedrooms provide comfort and privacy for the whole family, including a luxurious primary retreat featuring a 5 pc ensuite and generous closet space. The finished lower level offers valuable additional living space with a walk-out to the backyard, making it ideal for a recreation room, home office, gym, or guest suite. Outside, the private landscaped backyard creates a serene setting for entertaining, relaxing, and enjoying warm summer evenings. Located just moments from the shores of Lake Ontario, South Mimico offers a unique blend of urban convenience and waterfront living. Enjoy scenic trails, parks, marinas, and the vibrant Humber Bay waterfront, while remaining minutes from downtown Toronto via GO Transit, TTC, and the Gardiner Expressway. Excellent schools, local cafes, restaurants, and neighbourhood amenities further enhance the appeal of this exceptional community.

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

Property details

MLS #

W13430536
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

5
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W13430536
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Attached, 1 spaces
Total Parking

5
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

3.56 x 6.43 ft Main level

Fireplace, hardwood floor, Pot Lights
Dining

3.25 x 4.04 ft Main level

hardwood floor, Pot Lights
Kitchen

3.66 x 4.88 ft Main level

Centre Island, B/I Appliances
Family

3.43 x 6.81 ft Main level

Hardwood Floor
Primary

3.94 x 5.84 ft 2nd level

hardwood floor, W/I Closet, 5 Pc Ensuite
2nd Br

3.86 x 2.9 ft 2nd level

hardwood floor, Closet, Window
3rd Br

3.12 x 3.96 ft 2nd level

hardwood floor, Closet, Window
4th Br

3.12 x 2.82 ft 2nd level

hardwood floor, Closet, Window
Rec

6.71 x 4.6 ft Lower level

Walk-Out, Large Window
Den

3.71 x 3.45 ft Lower level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 56 Elma Street, Toronto

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Mimico

Active listings

Average Selling Price of a Detached

May 2026

$1,297,154

Last 3 Months

$1,211,310

Last 12 Months

$1,146,954

May 2025

$1,143,221

Last 3 Months LY

$1,269,407

Last 12 Months LY

$1,441,334

Change

13%

Change

-5%

Change

-20%

How many days Detached takes to sell (DOM)

May 2026

Last 3 Months

Last 12 Months

May 2025

Last 3 Months LY

Last 12 Months LY

Change

73%

Change

-12%

Change

Average Selling price

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Closing Cost Calculator

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.