Detached House for sale at 87 Lake Crescent, Toronto, Mimico, M8V 1W2 - MLS: W12193844

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87 Lake Crescent

Toronto, Ontario, M8V 1W2

$2,098,000

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Neighbourhood

Mimico
Major Intersection

Lake Cres & Royal York Rd

Listed Since: 5 day(s)
Last update: 4 day(s) ago

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Overview

Property Type

Detached, 2-Storey
Bedrooms

3 + 1
Bathrooms

4
Basement

Finished + Sep Entrance
Kitchen

1
Total Parking

3 (1 Built-In Garage)
Lot Size

125x25.07 (Feet)
Taxes

$7,193.99 (2025)
Type

Freehold

Property description for 87 Lake Crescent, Toronto, Mimico, M8V 1W2

Strength doesn't shout. It resides at 87 Lake Cres. A 3+1 bed, 4 bath exec home that doesn't ask for attention it softly commands it. Custom-built. Downtown polish, but smarter. Stronger. Quieter. Main lvl flows w/ precision. Sunken foyer makes an entrance. Raised fam rm hits w/ gas FP + exposed brick texture, tone, intent. Step down to a full-height custom kit: white-on-white, SS apps, sep pantry, crafted for function + character. DR + 2nd LR framed by coffered ceilings flowing out to an old-world yard that feels more Tuscany than Toronto. Upstairs: light pours in. Vaulted ceilings, skylight air, elevation. Primary bed delivers w/ walk-thru closet (built-ins, ofc), dbl vanity, curbless shower clean, commanding. Wainscoting adds weight. 2nd + 3rd beds = generous, dbl closets w/ orgs. 5pc bath feels like a hotel suite soaker tub + stand-alone shower. Bsmt: sep entrance via garage + W/O to yard. Laundry rm has voluminous ceilings. Rec rm? It's a move: wet bar, space to entertain, host or let the littles run free. Could easily flex into in-law/guest suite. Rear yard = private, elevated, timeless. Pergola. Lush plantings. Feels remote like you've stepped off grid, but still sit at the centre of it all. Garage + prvt drvwy. Stately curb appeal. Real presence. Located in lake-side Mimico: steps to GO, TTC, Waterfront, restos, cafes, all the right things in all the right places.

Listed by RE/MAX SPECIALISTS MAJESKI GROUP

Property details

MLS #

W12193844
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 1 spaces
Total Parking

3
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Poured 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 #

W12193844
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

Built-In, 1 spaces
Total Parking

3
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Poured 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

7.98 x 5.6 ft Main level

hardwood floor, Fireplace, Large Window
Kitchen

3.9 x 3.99 ft Main level

Stainless Steel Appl, Pot Lights, Pantry
Dining

4.29 x 2.7 ft Main level

hardwood floor, Coffered Ceiling, Combined W/Family
Family

4.93 x 2.89 ft Main level

hardwood floor, Coffered Ceiling, W/O To Deck
Bathroom

2.1 x 1.67 ft Main level

2 Pc Bath
Primary

5.63 x 6.12 ft 2nd level

hardwood floor, Large Window, 4 Pc Ensuite
2nd Br

3.41 x 3.68 ft 2nd level

hardwood floor, Double Closet, Large Window
3rd Br

3.87 x 4.23 ft 2nd level

hardwood floor, Double Closet, Pot Lights
Bathroom

1.85 x 3.59 ft 2nd level

4 Pc Bath
Rec

8.5 x 5.3 ft Lower level

Pot Lights, Above Grade Window, Wet Bar
Bathroom

1.55 x 2.43 ft Lower level

3 Pc Bath
Laundry

3.47 x 1.46 ft Lower level

Laundry Sink

Contact Manoj Kukreja

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

Property History for 87 Lake Crescent, Toronto, Mimico, M8V 1W2

This property has been sold 1 time before.

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Local Real Estate Price Trends

Active listings

Average Selling Price of a Detached

May 2025

$3,211,124

Last 3 Months

$3,598,946

Last 12 Months

$4,095,095

May 2024

$3,667,011

Last 3 Months LY

$4,669,681

Last 12 Months LY

$4,256,763

Change

14%

Change

30%

Change

Historical Average Selling Price of a Detached in Mimico

Average Selling Price

3 years ago

$3,001,900

Average Selling Price

5 years ago

$2,160,001

Average Selling Price

10 years ago

$785,510

Change

-7%

Change

-33%

Change

-76%

Number of Detached Sold

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

800%

Change

360%

Change

120%

Average Selling price

Inventory Graph

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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.