65 Lake Cres

Mimico, Etobicoke, M8V 1W2
FOR SALE
$2,185,000
65 Lake Cres, Etobicoke
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3
BEDROOMS
5
BATHROOMS
1
KITCHENS
10 + 1
ROOMS
W8476820
MLSID
Contact Us
Property Description
Stunning Custom Home in the Heart of Mimico! Welcome to this exquisite custom-built home by renowned mimico builder Midnight Homes. Completed in 2022, This elegant home features premium wide plank hardwood floors on both the main and upper levels, and a striking floating staircase with glass railings throughout. The chef's dream kitchen boasts built-in appliances, including a Wolfe stovetop, and a large waterfall island with a breakfast nook. The sophisticated open-concept living area includes a custom entertainment wall with quartz accents and built-in LED lighting, creating a perfect space for relaxation and gatherings. Step outside to a fully fenced backyard with a deck, interlock, garden, and LED lights for evening ambiance. Modern conveniences abound with automated windows offering UV ray protection film and one-way privacy. Located on a quiet, family-friendly one-way street in the lovely lakeside neighbourhood of South Mimico, this property is a wonderful opportunity to own a newly built home with all the modern amenities you desire. this contemporary masterpiece offers luxury living just steps from the lake and Lakeshore Village with its charming cafes, shops, and restaurants. Enjoy a short distance to the Mimico Cruising Club, tennis courts, walking trails, Humber Bay Shores, Mimico GO Station, and more. All just 10-15 minutes to downtown and the airport.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-04-13 2021-05-11 28 $1,950,000 $1,950,000 Sold
2020-07-13 2020-07-22 9 $899,000 $890,000 Sold
Extras
potlights throughout, 14 ft basement, free standing tub in primary ensuite. all bedrooms have ensuite with upgraded tiles. All non stageing furniture and piano available for sale
Nearby Intersections
Property Details
Street
Community
Property Type
Detached, 2-Storey
Lot Size
25' x 125'
Fronting
South
Taxes
$4,349 (2024)
Basement
Finished, Walk-Up
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Built-In
Etobicoke Market Statistics
Etobicoke Price Trend
65 Lake Cres is a 3-bedroom 5-bathroom home listed for sale at $2,185,000, which is $854,819 (64.3%) higher than the average sold price of $1,330,181 in the last 30 days (June 6 - July 5). During the last 30 days the average sold price for a 3 bedroom home in Etobicoke declined by $71,767 (5.1%) compared to the previous 30 day period (May 7 - June 5) and down $38,747 (2.8%) from the same time one year ago.
Inventory Change
There were 1,209 3-bedroom homes listed in Etobicoke over the last 30 days (June 6 - July 5), which is up 6.0% compared with the previous 30 day period (May 7 - June 5) and up 18.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Etobicoke typically sold $25,699 (1.9%) above asking price over the last 30 days (June 6 - July 5), which represents a $38,850 decrease compared to the previous 30 day period (May 7 - June 5) and $83,574 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Etobicoke over the last 30 days (June 6 - July 5) stood at 48.8%, down from 56.6% over the previous 30 days (May 7 - June 5) and down from 85.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Etobicoke stood at 13 days when successfully sold over the last 30 days (June 6 - July 5), compared to 34 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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