Maintenance Fees
Hearthstone by the Bay Condos vs The Mimico Area
for sale
19 Days on Strata
- Est Sell Timeframe:
- 22 Days
1606 - 3 Marine Parade Dr
$770,000
2 Beds
2 Bath
1 Parking
1,244 SQFT
Price History
- Maintenance Fees:
- $1,225/mth
- Taxes:
- $4,328 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $619/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- North West
Amenities
Concierge
Games Room
Gym
Lap Pool
Media Room
About this Listing
Retirement Living at Its Finest | Over 1,800 Sq.Ft. | Two Connected UnitsWelcome to Hearthstone by the Bay offering includes two fully registered, connected suites 1606 (a two-bedroom, two-bathroom home) and 1607 (a one-bedroom suite with lounge/den, full bath, and laundry) seamlessly combined to create the largest floor plan in the building, with over 1,800 sq.ft. of elegant, traditional charm.Thoughtfully designed with a true winged layout, the home offers flexibility, privacy, and space. A wide interior opening connects both units, allowing for easy flow between each side or the option to close off in the future if desired. Rich hardwood floors, open-concept principal rooms, and a northwest corner exposure provide natural light, glowing sunsets, and a glimpse of the lake.At Hearthstone, you own your condo and your lifestyle. A *mandatory* monthly service package includes housekeeping, select meals, 24-hour nurse access, fitness and wellness programs, social activities, shuttle service, and more. Additional personal care services can be added up to 24/7 allowing you to age in place with ease and confidence.Downsize without compromise in a full-service setting that offers space, elegance, and peace of mind. EXTRAS: Mandatory Club Fee: $1,923.53 + HST/month (for one occupant) Additional Occupant Fee: $265.06 + HST/month Amenities: Movie Theatre, Hair Salon, Pub, Billiards Area, Fitness Centre, Outdoor Terrace
ExtrasFridge, Dishwasher, Microwave, Washer & Dryer, All Electric Light Fixtures, All Window Coverings. 1 Locker. 1 Parking.
royal lepage real estate associates, larose teamMLS® #W12504216
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Not Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Heat Pump
- Heat Source
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 19.03 x 14.11ft
- Open Concept, hardwood floor, Combined with Dining
- Dining
- 19.03 x 14.11ft
- Open Concept, hardwood floor, Combined with Living
- Kitchen
- 10.83 x 7.87ft
- Open Concept, Ceramic Floor, Stainless Steel Appliances
- Primary
- 11.81 x 11.16ft
- hardwood floor, 3 Piece Ensuite, Walkout To Sunroom
- 2nd Bedroom
- 10.5 x 9.19ft
- hardwood floor, Walkout To Patio, Closet
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Bikeability
The bike lane starts to feel like a second home.
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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
Household Income
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 Hearthstone by the Bay Condos
Days on Strata
Units at Hearthstone by the Bay Condos spend an average of
35
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Mimico
Turnover of Units
On average, each unit is owned for
7.1
YEARS before being sold againProperty Value
-2%
Decrease in property value within the past twelve months
Price Ranking
47th
Highest price per SQFT out of 62 condos in the Mimico area
Sold Units
12
Units were Sold over the past twelve months
Rented Units
2
Units were Rented over the past twelve months
Best Value Rank
Hearthstone by the Bay Condos offers the best value out of 62 condos in the Mimico neighbourhood
?
Appreciation Rank
Hearthstone by the Bay Condos has the highest ROI out of 62 condos in the Mimico neighbourhood
?
Rental Yield
Hearthstone by the Bay Condos yields the highest rent prices out of 62 condos in the Mimico neighbourhood
?
High Demand
Hearthstone by the Bay Condos is the most popular building out of 62 condos in the Mimico neighbourhood
?
Market Insights
Transaction Insights at Hearthstone by the Bay Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $253,000 - $785,000 | $412,500 - $448,000 | $425,000 - $669,000 | $789,900 - $811,000 |
| Avg. Cost Per Sqft | $514 | $579 | $654 | $700 |
| Price Range | $4,000 | $4,300 | No Data | No Data |
| Avg. Wait for Unit Availability | 243 Days | 136 Days | 90 Days | 142 Days |
| Avg. Wait for Unit Availability | 1008 Days | 425 Days | 298 Days | 1142 Days |
| Ratio of Units in Building | 14% | 26% | 42% | 20% |
Market Inventory
Total number of units listed and sold in Mimico
