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    Toronto / Mimico

    502 - 2200 Lake Shore Blvd W

    $599,0001 bd1 ba1 pk603 sqft
    For SaleWestlake Phase II Condos
    5.0
    9 Days on Strata
    Est Sell Timeframe:
    22 Days
    $599,000
    1 Bed + 1
    1 Bath
    1 Parking
    603 SQFT

    Listing History

    Details

    Property Type:

    Condo

    Maintenance Fees:

    $604/mth

    Taxes:

    $2,182 (2024)

    Cost Per Sqft:

    $993/sqft

    Outdoor Space:

    Balcony

    Locker:

    Ensuite

    Exposure:

    East

    Possession Date:

    May 1, 2025

    Amenities

    Indoor Parking
    Visitor Parking
    Games Room
    Party Room
    Media Room
    Indoor Pool
    Rooftop Deck
    Squash Court
    Guest Suites
    Gym
    Concierge
    Sauna

    About this Listing

    Popular 1 Bedroom + Den With Lakeview, 603 Sq Ft Modern Condo Apartment, Metro Supermarket And Shoppers Drug Mart Located On Ground Floor. Lots Of Visitor Parking. BMO Bank, TTC Bus In Front Of The Building, Steps To Humber Bay Park And Bus Stops. Easy Access To Highways, QEW. One Parking Spot And One Locker Included.

    ExtrasStainless Steel Refrigerator, Stove, Front Load Washer And Dryer, Microwave, Dishwasher

    exit realty hare (peel)MLS® #W12072988

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Water
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room dimensions are not available for this listing.

    Buyer's Market
    Balanced
    Seller's Market

    Similar Listings

    Explore Mimico

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    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Mortgage Calculator

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,316
    Average Individual Income
    $64,286
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $109,977
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    36%
    Semi Detached
    26%
    High Rise Apartment
    20%
    Low Rise Apartment
    11%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    58%
    Mandarin
    14%
    Other
    13%
    Cantonese
    10%
    Tagalog
    2%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    33%
    High School
    27%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Education
    5%
    Humanities
    4%
    Physical Sciences
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Building Trends At Westlake Phase II Condos

    Days on Strata

    Units at Westlake Phase II Condos spend an average of
    47
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    42
    Units were Rented over the past twelve months

    Best Value Rank

    Westlake Phase II Condos offers the
    ?
    best value out of 62 condos in the Mimico neighbourhood

    Appreciation Rank

    Westlake Phase II Condos has the
    ?
    highest ROI out of 62 condos in the Mimico neighbourhood

    Rental Yield

    Westlake Phase II Condos yields the
    ?
    highest rent prices out of 62 condos in the Mimico neighbourhood

    High Demand

    Westlake Phase II Condos is the
    ?
    most popular building out of 62 condos in the Mimico neighbourhood

    Market Insights

    Transaction Insights at Westlake Phase II Condos

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$500,000 - $580,000$520,000 - $572,000$756,000 - $815,000$775,000 - $940,000
    Avg. Cost Per SqftNo Data$1,075$967$1,083$1,085
    Avg. Wait for Unit Availability348 Days33 Days57 Days46 Days53 Days
    Ratio of Units in Building1%32%23%29%17%

    Market Inventory

    Total number of units listed and sold in Mimico