Detached House for sale at 87 Lake Crescent, Toronto, Ontario, M8V 1W2 - Mimico - MLS: W12380352

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87 Lake Crescent

Toronto, Ontario, M8V 1W2 - Mimico

$1,999,998

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Neighbourhood

Mimico
Major Intersection

Lake Cres & Royal York Rd

Listed Since: 18 day(s)
Last update: 1 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

25.07x125 (Feet)
Taxes

$7,193.99 (2025)
Type

Freehold

Property Description

Property description for 87 Lake Crescent, Toronto

87 Lake Crescent stands apart not because it shouts, but because it endures. This "larger than most" executive residence (3+1 bedrooms, 4 baths) has over 2800 SF of living space and was custom built with care, combining refined downtown polish with a quieter, lasting beauty. The main floor is thoughtfully arranged for both daily living and entertaining. A sunken foyer creates a graceful arrival, leading to a raised family room with gas fireplace and exposed brick; warmth and character in equal measure. The full-height kitchen is designed for those who appreciate function and form: white on white cabinetry, stainless steel appliances, a walk-in pantry, and timeless detailing. Dining and living rooms feature coffered ceilings and open seamlessly to a garden that evokes the romance of Tuscany. Upstairs, natural light defines the space. Vaulted ceilings and skylights elevate the generous proportions. The primary suite offers a walk through closet with built-ins, a double vanity, and a curbless shower details chosen for comfort and ease. Wainscoting lends a sense of heritage. Secondary bedrooms are spacious, with organized double closets. The five-piece bath recalls a boutique hotel, complete with soaker tub and stand alone shower. The lower level continues the homes scale and flexibility, with a separate entrance from the garage, walkout to the yard, high ceiling laundry, and a recreation room/ +1 bed with wet bar. This space adapts effortlessly whether for entertaining, play, or a private in-law/guest suite. Outdoors, the rear yard offers privacy and calm: a pergola, established plantings, and the sense of retreat that makes a home feel complete. A private drive and garage add convenience, while curb appeal reflects true presence. Located in lakeside Mimico steps to the waterfront, GO, TTC, cafés, and dining this is classic design, built to last.

Listed by RE/MAX SPECIALISTS MAJESKI GROUP

Property details

MLS #

W12380352
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 #

W12380352
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

Property history for 87 Lake Crescent, Toronto

This property has been sold 5 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Detached in Mimico

Active listings

Average Selling Price of a Detached

August 2025

$1,147,929

Last 3 Months

$1,236,633

Last 12 Months

$1,390,177

August 2024

$1,233,400

Last 3 Months LY

$1,441,263

Last 12 Months LY

$1,377,686

Change

-7%

Change

-14%

Change

Historical Average Selling Price of a Detached in Mimico

Average Selling Price

3 years ago

$1,359,286

Average Selling Price

5 years ago

$1,202,500

Average Selling Price

10 years ago

$773,800

Change

-16%

Change

-5%

Change

48%

How many days Detached takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

550%

Change

108%

Change

77%

Average Selling price

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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.

Contact Manoj Kukreja

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

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