Mimico, Toronto: prices, rent, and living guide
Water and a twelve-minute train to Union for less than any other lakefront neighbourhood in the city. The catch is that Mimico is really two places: a century-old village of small houses, and a wall of glass towers at Humber Bay Shores.
Best valueFirst time buyersYoung professionalsInvestors
Typical house
$1.19M
Typical condo
$615K
One bedroom rent
$2,200/mo
Walk Score
78
Transit 72 · Bike 79
Known for: Humber Bay Shores, the waterfront trail, and a twelve-minute GO run to Union. The cheapest lakefront in Toronto, split between old village and new towers.
Part of Etobicoke.
Prices and rent in Mimico
TRREB recorded 145 sales in Mimico in 2026 Q1, at an average of $798,862 and a median of $665,000. Homes sold for 99% of list price after 40 days on market.
| Property type | Average sale price |
|---|---|
| Detached | $1,264,000 |
| Semi-detached | $968,000 |
| Attached / row / townhouse | $1,169,000 |
| Condo townhouse | $916,000 |
| Condo apartment | $678,000 |
TRREB Community Housing Market Report, 2026 Q1, district W06, community Mimico. TRREB suppresses any property type with two or fewer sales in the quarter, so a missing row means too little activity to report, not no demand.
Estimated price by unit size
| Condo | Estimate | House | Estimate |
|---|---|---|---|
| Studio | $443,000 | 2 bed | $972,000 |
| 1 bed | $615,000 | 3 bed | $1,185,000 |
| 2 bed | $836,000 | 4 bed | $1,458,000 |
| 3 bed | $1,095,000 | 5+ bed | $1,778,000 |
Estimated monthly rent
| Unit | Monthly rent |
|---|---|
| Bachelor | $1,780 |
| 1 bedroom | $2,200 |
| 2 bedroom | $2,490 |
| 3 bedroom | $2,930 |
Unit-size prices and rents are scaled from one benchmark per neighbourhood and are estimates, not appraisals. Compare Mimico with the rest of Toronto in the best neighbourhoods in Toronto guide.
Who Mimico suits
Buyers who want water and a fast downtown commute for the least money, and renters who will trade a subway for a GO station and a lakefront trail.
Who it is wrong for
Anyone who dislikes high-rise living — the Humber Bay Shores half is towers — and buyers who want an established high street, because Lake Shore is still patchy.
Pros
- Lowest detached median of any lakefront neighbourhood on this list, about $1.19 million in TRREB's 2026 Q1 report
- Mimico GO reaches Union in about twelve minutes, faster than most subway commutes
- Mimico Waterfront Park and Humber Bay Park with continuous trail access along the lake
Cons
- The old village and the Humber Bay Shores towers are two very different places sharing one name
- Lake Shore Boulevard retail is uneven, with long stretches of vacancy between good blocks
- The Gardiner and rail corridor cut the neighbourhood off from the areas north of it
Living in Mimico
Getting around
Mimico GO, 501 Queen streetcar on Lake Shore, Royal York on Line 2 by bus. Walk Score 78, Transit Score 72, Bike Score 79.
Safety
Safe and residential in the village core. The Lake Shore strip carries more transient activity than the streets behind it, and residents describe the Humber Bay Shores towers and the old village as feeling like different places.
Restaurants
Improving but uneven. Humber Bay Shores has a growing cluster of restaurants and cafés at the tower bases; the Lake Shore strip through the old village is patchier.
Shopping
Everyday retail along Lake Shore with Metro and No Frills for groceries, plus the Humber Bay Shores farmers' market in season. Larger shopping is at Sherway Gardens.
Within a short walk or transit hop
- Parks
- Mimico Waterfront Park, Humber Bay Park East and West, Amos Waites Park
- Library
- Mimico Centennial branch, Toronto Public Library
- Recreation
- Amos Waites pool, Mimico Arena, the Martin Goodman Trail and Humber Bay butterfly habitat
- Groceries
- Metro on Lake Shore, No Frills at Royal York, the Humber Bay Shores farmers' market
- Schools
- John English Junior Middle, Norseman Junior Middle, Lakeshore Collegiate
Safety text is a qualitative description of the area, not crime statistics. Scores are approximate and vary within the neighbourhood.
Renting in Mimico
A one bedroom runs about $2,200 a month, and a two bedroom about $2,490.
Large and growing, almost entirely condo rentals at Humber Bay Shores plus older walk-ups through the village. Rents run below comparable lakefront elsewhere in the city, and the GO train is the reason it still commutes well.
Where Mimico is
Mimico: frequently asked questions
Is Mimico a good place to live in Toronto?
It is the best-value waterfront in the city: lake access, Humber Bay parks, a GO station with a twelve-minute run to Union, and prices well below comparable east-end waterfront. The old village core and the Humber Bay Shores condo cluster are two very different places sharing one name.
What is Mimico known for?
The waterfront — Mimico Waterfront Park, Humber Bay Park and the trail along the lake — and, increasingly, the condo towers at Humber Bay Shores. The name is Mississauga in origin, from a word for the passenger pigeons that once nested here.
Is Mimico considered part of Toronto?
Yes. It was an independent town until 1967 and became part of Etobicoke, then Toronto in the 1998 amalgamation. TRREB reports it in district W06 alongside New Toronto, Long Branch and Alderwood.
How much are homes in Mimico?
TRREB's 2026 Q1 figures show a median detached sale of about $1.19 million, semis at roughly $959,000, row and townhouses at about $1.18 million, and condo apartments at around $615,000. That detached median is the lowest of any lakefront neighbourhood on this list.
Is Mimico safe?
Yes, and residents describe it as quiet and family friendly. The Lake Shore strip has more transient activity than the residential streets behind it. The Humber Bay Shores towers and the old village have quite different characters and it is worth walking both.
Nearby Toronto neighbourhoods
The Kingsway
A 1920s English garden suburb that never stopped being one
House $3.02M · Condo $1.01M· Walk 66
3.9 km from Mimico
LuxuryFamilies
Bloor West Village
The high street Toronto keeps voting best, with a subway underneath
House $1.6M · Condo $640K· Walk 92
4.0 km from Mimico
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High Park
Four hundred acres of parkland with a village wrapped around it
House $2.03M · Condo $611K· Walk 88
5.0 km from Mimico
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Roncesvalles
A Polish high street that became the west end's best village
House $1.47M · Condo $720K· Walk 94
5.1 km from Mimico
FamiliesCar free livingYoung professionals
Similar to Mimico elsewhere in Toronto
The Junction
Antique shops, breweries, and the last affordable west end main street
House $1.11M · Condo $585K· Walk 89
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Liberty Village
Converted warehouses and mid-rise condos in a self-contained pocket
House $1.33M · Condo $540K· Walk 93
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Trinity Bellwoods
Queen West's front lawn, and the centre of gravity for west-end Toronto
House $2.08M · Condo $775K· Walk 96
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Little Italy
College Street patios, with quiet Victorian blocks one street over
House $1.5M · Condo $681K· Walk 96
Young professionalsCar free livingStudents
Guides and tools for buying in Mimico
- First Time Home Buyer in Toronto: The Complete 2026 Guide
- Steps to Buying a House for the First Time in Toronto (2026)
- Home Inspection When Buying a House in Toronto (2026)
- Buying a Home vs Condo in Toronto (2026)
- Pre Construction Condo vs Resale Condos in Toronto (2026)
- Toronto land transfer tax calculator
- Toronto closing costs calculator
- Toronto property tax calculator
- Toronto rent vs own calculator
- Toronto condo fee calculator
- Toronto housing market report
- Best neighbourhoods in Toronto
- Toronto real estate agents