Mimico Real Estate Market Report — Week of June 1, 2026
The week in numbers
Mimico recorded three home sales in the week of June 1, with a median sold price of $1,300,000. The median sale-to-list ratio was 1.007, indicating minimal negotiation from asking price. Activity remains modest in this waterfront neighborhood, but pricing momentum favors sellers.
| Metric | This week |
|---|---|
| Median sold price | $1,300,000 |
| Sales count | 3 |
| Sale-to-list ratio | 1.007 |
What sold
The three sales this week spanned a wide price range, from $903,000 to $1,500,000. One mid-market condo or townhome in the $900k range sold above asking price, while two larger properties in the $1.3M–$1.5M band closed near or slightly above list. The mix suggests demand across Mimico’s inventory spectrum, though the sample is small.
- Queens Avenue: $1,500,000, 1500–2000 sqft
- Miles Road: $1,300,000, 1100–1500 sqft
- Murrie Street: $903,000, 700–1100 sqft
What’s listed right now
Active inventory in Mimico stands at eight listings as of the report date, ranging from $1,100,000 to $2,350,000. The lineup spans the neighborhood’s waterfront and inland pockets. Higher-priced listings on Lake Shore Boulevard ($2.35M) and Miles Road ($2.188M) suggest appetite for premium waterfront and estate properties, while more modestly priced options exist on Macdonald Street and Albert Avenue in the $1.1M–$1.2M range.
- Lake Shore Boulevard: $2,350,000
- Miles Road: $2,188,000
- Melrose Street: $1,969,000
- Lake Crescent: $1,399,000
- Primrose Avenue: $1,298,000
Market call
Three sales is a thin sample, but the numbers suggest a seller-friendly week. The sale-to-list ratio of 1.007 means homes are holding value at or above asking; one property sold 13 percent above list, offsetting two others that closed near asking. Inventory is available but not abundant—eight active listings against three closed sales signals steady demand relative to supply.
Mimico’s waterfront location and proximity to downtown remain core draws. The absence of days-on-market data limits our ability to assess absorption speed, but the pricing signal is clear: sellers are in a position to hold firm on price, and buyers are competing for the limited stock on the market.
How this compares to the broader Etobicoke
Mimico’s median of $1.3M reflects Etobicoke’s mid-range residential market. Waterfront and near-waterfront neighborhoods like Mimico command a premium relative to inland Etobicoke submarkets, though they remain more affordable than prime central Toronto. The tight three-property sample limits broader statistical inference, but the strong sale-to-list ratio aligns with Etobicoke’s broader trend of steady buyer demand in neighborhoods within commuting reach of downtown and with local amenity strength.
What this means if you’re thinking of selling
If you own in Mimico, the current week’s data points to a balanced to slightly seller-favorable market. Homes priced near or at market are moving, and one property’s strong premium above asking suggests well-positioned stock can command buyer competition. Consult the seller net sheet calculator to understand your proceeds after closing costs. A pre-listing checklist will help ensure your home is market-ready; in Mimico’s waterfront context, curb appeal and access to water views are key selling points.
What this means if you’re thinking of buying
Buyers in Mimico should expect moderate competition. Eight active listings provide choice, but homes near asking price are moving. The strong sale-to-list ratio suggests that under-asking offers may not gain traction; budget realistically and be prepared to move quickly on properties that meet your criteria. If you are ready to explore Mimico’s current market, book a 20-minute walkthrough with a licensed agent to see what’s live and to better understand neighborhood micro-markets.
Sources & method
This report draws on three closed sales in Mimico during the week of June 1, 2026, sourced via MLS. The sale-to-list ratio is calculated from the median of the three transactions. For broader context and provincial real estate data, consult MPAC — Making Sense of Your Assessment. For a personalized estimate of your Mimico home’s current value, visit our Mimico home value estimate. More market reports and calculators are available at InstantCalculator.ca.
