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    605 - 3 Marine Parade Dr

    For SaleHearthstone by the Bay Condos
    $425,000
    1 Bed + 1
    1 Bath
    1 Parking
    757 SQFT
    31 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    2025 - Jan 28
    for sale
    $425,000
    Jul 29, 2021 • 57 days on Strata
    sold
    $403,000Down from $405,000
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    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $763/mth
    Taxes:
    $2,525 (2025)
    Cost Per Sqft:
    $561/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    To Be Determined
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Walkout To Balcony, Combined with Dining, Laminate
    12.37 x 10.11ft
    Dining
    Open Concept, Combined with Living, Laminate
    6.63 x 10.24ft
    Kitchen
    Breakfast Bar, Stainless Steel Appliances, Granite Counter
    10.34 x 6.73ft

    About this Listing

    Discover unparalleled retirement living in this beautifully maintained 1-bedroom plus den condo, offering a bright west-facing exposure and partial lake views. The unit includes a sunlit sunroom with UV solar custom roller shades for peaceful relaxation. A well appointed and spacious kitchen with granite countertops, under cabinet lighting, stainless steel appliances and breakfast bar. Large primary bedroom with walk-in closet & custom roller shade. Well appointed bathroom with walk-in accessibility shower with security bars. Cozy balcony with floor tile. Resort style amenities designed for your comfort and convenience: Concierge, Party/Meeting Room, 3rd Floor wrap-around terrace and gardens with BBQs, Pub with Billiards and Games Tables, Theatre, Exercise Room, Hydro-pool, Library, Visitor parking. Enjoy housekeeping services, Doctor & nurse access, daily activities (bingo, book clubs, dancing and more....), Special events, Shuttle trips and fitness programs, along with dining in the on-site restaurant with a monthly meal credit. Monthly newsletters and unit wellness checks. A 24-hour concierge ensures a secure environment, and the prime location near Lake Ontario, grocery stores, restaurants, and cafes adds to the ease of living. With additional tailored services available to meet your evolving needs, this worry-free setting allows you to enjoy the luxury of condo ownership within an exceptional retirement community. ***CLUB FEES $1923.53 +Hst Per Month. $265.06 + HST for 2nd occupant*** **EXTRAS** Mandatory Club Fee: $1923.53 +Hst Per Month. $265.06 + HST for 2nd occupant.

    royal lepage signature realtyMLS® #W11943619

    Hearthstone by the Bay Condos

    Building Spotlight

    Hearthstone by the Bay Condos
    3 Marine Parade Drive


    Amenities

    Lap Pool
    Rooftop Deck
    Security System
    Party Room
    Games Room
    Visitor Parking

    Explore Neighbourhood

    6/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    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.

    Similar Listings

    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%
    0 - 1415 - 1920 - 3435 - 4950 - 6465+0%5%10%15%20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    $0 - $30K$30K+$60K+$90K+$125K+0%10%20%30%40%
    Housing Types & Tenancy
    Detached
    36%
    Semi Detached
    26%
    High Rise Apartment
    20%
    Low Rise Apartment
    11%
    Duplex
    5%
    Marital Status
    47%Married
    33%Never Married
    6%Divorced
    5%Widowed
    4%Common Law
    2%Separated
    Commute
    72%Car
    23%Public Transit
    3%Walk
    1%Other
    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%

    Maintenance Fees

    Hearthstone by the Bay Condos vs The Mimico Area

    Days on Strata

    Units at Hearthstone by the Bay Condos spend an average of
    24
    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
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    7
    YEARS before being sold again

    Property Value

    6%
    Increase in property value within the past twelve months

    Price Ranking

    48th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    9
    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

    Transaction Insights at 3 Marine Parade Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$409,000 - $785,000$412,500 - $422,000$619,000 - $750,000$650,000
    Avg. Cost Per Sqft$573$552$652$719
    Avg. Wait for Unit Availability230 Days142 Days88 Days153 Days
    Ratio of Units in Building15%24%43%18%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico