Mimico Real Estate Report · Week of May 25 | Median $1.115M

The week in numbers

Mimico recorded 8 sales in the week of May 25, 2026, with a median sold price of $1,115,000. The price range spanned from $810,000 to $1,620,000, reflecting a mixed market where property type, condition, and location drove significant variance. Below is a snapshot of key metrics:

Local home values: see what homes are selling for in Mimico with our free Mimico home value calculator.

The sale-to-list ratio of 0.97 indicates that, on average, properties sold for 3% below asking. This is a buyer-favorable signal, though individual results varied widely.

What sold

This week’s sales mix in Mimico showed strong heterogeneity. The market included two properties that sold above asking on Queens Avenue ($1.5M) and St. George Street ($1.62M), both in the larger footprint category. Conversely, properties on MacDonald Street and Queens Avenue (lower price point) sold for 9% and 17% below asking, respectively, suggesting softer demand or condition-related repricing.

The $810,000 sale on Albani Street represents the floor of the market this week, while the $1.62M St. George Street sale anchors the upper end. A $930,000 sale on Queens Avenue and a $903,000 sale on Murrie Street rounded out the sub-$1M cluster, indicating continued entry-level activity.

• St. George Street: $1,620,000, 2000–2500 sqft
• Queens Avenue: $1,500,000, 1500–2000 sqft
• Dartmouth Crescent: $1,440,000, 1100–1500 sqft
• Peelar Mews: $1,115,000, 1500–2000 sqft
• Murrie Street: $903,000, 700–1100 sqft

What’s listed right now

Active inventory in Mimico stands at 6 listed properties, spanning $1.059M to $2.99M. The high-end listing on Lake Shore Boulevard at $2.99M sits well above recent sales activity and likely represents a waterfront premium or a longer-hold listing. The majority of active stock clusters between $1.1M and $1.4M, aligning with the median sold price and reflecting reasonable market alignment.

• Lake Shore Boulevard: $2,990,000
• Algoma Street: $1,799,000
• Lake Crescent: $1,399,000
• Albert Avenue: $1,199,000
• Macdonald Street: $1,100,000
• Elma Street: $1,059,000

Market call

Mimico is showing a balanced market with selective buyer interest. The 0.97 sale-to-list ratio and the presence of both above-asking and below-asking sales suggest that pricing discipline and property condition are decisive factors. Homes priced realistically and presented well are moving; overpriced or condition-compromised properties are meeting buyer resistance.

With 6 active listings against 8 sales this week, inventory-to-sales ratio is tight but not distressed. Sellers should expect fair-market pricing; buyers have some choice but limited room to negotiate aggressively. The market is neither buyer-dominant nor seller-driven—it is selective, favoring well-positioned properties at realistic prices.

How this compares to the broader Etobicoke

Mimico’s median of $1.115M sits in the middle-range for Etobicoke, a diverse region spanning from downtown Mimico’s walkable core to suburban neighborhoods further west. GTA-wide, Ontario MLS typically reports medians near $1.05M in 2026; Mimico’s median reflects its proximity to Lake Ontario and ongoing revitalization along the Queensway corridor, which commands a modest premium over outer-Ontario markets. The sale-to-list ratio of 0.97 is consistent with a balanced Ontario market neither heavily favoring buyers nor sellers at the regional level.

What this means if you’re thinking of selling

If you own in Mimico and are considering a sale, this week’s data confirms that realistic pricing and property condition drive outcomes. Properties priced in line with recent comps and in solid condition are selling; those priced above market or requiring work are meeting friction. Use the seller net sheet calculator to model your proceeds after commissions and closing costs. Review the pre-listing checklist to ensure your property presents competitively—deferred maintenance or poor presentation will likely result in a below-ask outcome, as we saw this week.

With 6 active listings and 8 recent sales, the market is not saturated, which is favorable for a well-prepared listing. A Mimico home value estimate can help you set an ask that reflects current conditions.

What this means if you’re thinking of buying

Mimico is showing healthy movement this week, with properties across a broad price range finding buyers. Buyers have a small but meaningful selection: 6 active listings provide real choice. The 0.97 sale-to-list ratio suggests mild leverage for a disciplined offer strategy, particularly in the $1M–$1.4M range where most recent sales clustered. Expect to compete on price and terms if a property is well-positioned; overpriced inventory will likely sit. Alex is licensed to represent buyers and can help you navigate the local market and negotiate effectively. Book a 20-minute walkthrough to explore properties and discuss your strategy.

Sources & method

This report draws on transaction data from Repliers, a Ontario MLS-backed MLS aggregator, covering the 7-day period ending May 25, 2026. Sale prices, list prices, and property characteristics reflect public records as of the report date. Active listings reflect MLS data current as of the same date. For additional context on Toronto and Ontario market activity, see the City of Toronto Open Data. For a Mimico home value estimate or to learn more, visit InstantCalculator.ca.