Published 22 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
What's Your Unit Worth Right Now?
Get a free AI-powered price range for your condo in under 90 seconds — floor, exposure, view, parking and locker included. No name or address required.
Get My Free Estimate →
The best condo buildings to rent in Mimico are Grand Harbour, Marina del Rey, The Tides at Mystic Pointe, California Condos and Empire Phoenix. Condo apartments leased through TRREB’s MLS® System in district W06 averaged $2,419 a month for a one-bedroom and $3,267 for a two-bedroom in Q2 2026.
Pick on transit, suite size and what the rent includes — not on the lobby.
The five at a glance
| # | Building | Address | Built | Why renters like it |
|---|---|---|---|---|
| 1 | Grand Harbour | 2285–2287 Lake Shore Blvd W | 1992 | A landmark lakefront complex with big layouts and all-inclusive utilities for space-seeking renters |
| 2 | Marina del Rey | 2261, 2267 & 2269 Lake Shore Blvd W | 1990 | The value-for-amenities lakefront pick, with a full recreation club and three buildings of rental supply |
| 3 | The Tides at Mystic Pointe | 185 Legion Rd N | 2006 | A value pick with all-inclusive utilities and a solid amenity package in the Mystic Pointe enclave |
| 4 | California Condos | 165 Legion Rd N | 2013 | The newer mid-2010s tower option in Mystic Pointe, balancing modern suites with established surroundings |
| 5 | Empire Phoenix | 251 Manitoba St | — | A high-supply tower with an outdoor pool for renters who drive or want quick highway access |
How I chose them: I looked at Mimico the way a tenant should — how quickly you reach transit, what the building actually offers day to day, suite sizes, building age and condition, and how many units come up for lease so you have choice. This is my own shortlist, not a paid or third-party ranking, and every building fact below is linked to a source at the end.
What renting a condo in Mimico costs right now
| Q2 2026, condo apartments | Avg 1-bed | Avg 2-bed | Units leased |
|---|---|---|---|
| TRREB district W06 | $2,419 | $3,267 | 446 |
| City of Toronto | $2,316 | $3,154 | 15,388 |
| Whole GTA (TRREB area) | $2,273 | $3,013 | 21,251 |
Source: TRREB Rental Market Report, Q2 2026. District W06 is the TRREB reporting area that covers Mimico; it is wider than the neighbourhood itself, so treat these as a guide rather than a quote for any one building.
Across the GTA, average condo rents were still below a year earlier in Q2 2026 — one-bedrooms down 2.3% and two-bedrooms down 1.7% — with 27,844 units listed for rent against 21,251 leased. TRREB says conditions still favour renters, which means there is usually room to negotiate on start date, parking or a longer term.
The top 5 condo buildings to rent in Mimico
Grand Harbour
2285–2287 Lake Shore Blvd W
Completed 1992 · 27 storeys
Getting around: Streetcar stops on Lake Shore Blvd W at the door; Mimico GO is roughly a 20-minute walk or short bus ride north.
What the building offers: Indoor pool; gym; concierge; squash court; sauna and hot tub; guest suites.
What renters should know:
- Early-1990s build with larger suites (roughly 600 to 2,600 sq ft).
- Condo fees are reported to include heat, hydro, water, cable and internet, so rent often includes utilities.
- Direct lakefront setting; expect wind exposure on lake-facing sides.
Why it makes the list: A landmark lakefront complex with big layouts and all-inclusive utilities for space-seeking renters.
More on this building: Living in Grand Harbour: 2285-2289 Lake Shore Blvd W
Marina del Rey
2261, 2267 & 2269 Lake Shore Blvd W
Completed 1990 · Developer: Camrost-Felcorp
Getting around: Streetcar stops on Lake Shore Blvd W steps away; Martin Goodman Trail runs along the water side.
What the building offers: Two pools (indoor/outdoor) with whirlpool; fitness centre; tennis courts; squash courts; 24-hour concierge and security; car wash.
What renters should know:
- Resort-style shared club facility on roughly 13 acres of waterfront, unusual for the price point.
- Condo fees are reported to include heat, hydro and water (plus TV/internet per the community site), often reflected in utilities-included leases.
- Older buildings: check unit condition and appliance age before signing.
Why it makes the list: The value-for-amenities lakefront pick, with a full recreation club and three buildings of rental supply.
More on this building: Living in Marina Del Rey: Three Towers on Humber Bay
The Tides at Mystic Pointe
185 Legion Rd N
Completed 2006 · about 304 suites · Developer: Camrost-Felcorp
Getting around: Short walk down Legion Rd to Lake Shore Blvd W streetcar; quick Gardiner access at Park Lawn.
What the building offers: Swimming pool; gym; rooftop deck; concierge; squash court; sauna.
What renters should know:
- Smaller suites (about 425 to 1,140 sq ft) — a budget-friendly entry point to the area.
- Condo fees are reported to include heat, hydro and water, so utilities are frequently included in rent.
- Mystic Pointe is a gated master-planned enclave, quieter than Lake Shore frontage but close to the Gardiner.
Why it makes the list: A value pick with all-inclusive utilities and a solid amenity package in the Mystic Pointe enclave.
More on this building: Living in The Tides at Mystic Pointe: 185 Legion Rd N
California Condos
165 Legion Rd N
Completed 2013 · 30 storeys · about 372 suites · Developer: Camrost-Felcorp
Getting around: A few minutes' walk to Lake Shore Blvd W streetcar; Park Lawn / Gardiner access nearby.
What the building offers: Pool; gym; rooftop deck; concierge; party/dining room.
What renters should know:
- 2010s tower within Mystic Pointe with newer finishes than the 1990s–2000s buildings around it.
- Condo fees are reported to include heat and water (hydro typically separate), so ask whether utilities are included.
- Beanfield fibre internet is available in the building.
Why it makes the list: The newer mid-2010s tower option in Mystic Pointe, balancing modern suites with established surroundings.
More on this building: Living at California Condos, 165 Legion Road North
Empire Phoenix
251 Manitoba St
29 storeys · about 499 suites · Developer: Empire Communities
Getting around: Near Park Lawn Rd and the Gardiner; Lake Shore Blvd W streetcar is a short walk south; Mimico GO is a bus ride or longer walk west.
What the building offers: Concierge; fitness centre; outdoor swimming pool; beanfield fibre internet.
What renters should know:
- Large unit count (about 499 suites) means frequent rental listings.
- Suites roughly 510 to 1,490 sq ft.
- Closer to the Gardiner than the lakefront towers — convenient for drivers, with some highway-side noise exposure.
Why it makes the list: A high-supply tower with an outdoor pool for renters who drive or want quick highway access.
More on this building: Living at Empire Phoenix, 251 Manitoba Street, Mimico
Want me to find you a unit in Mimico?
Looking to rent in Mimico?
Tell me your budget, move-in date and must-haves. I will send you what is actually available in these buildings, before it gets picked over.
I will come back to you personally, usually the same day. If it is urgent, call or text 833-330-1925.
Living in Mimico as a renter
A low-rise lakeside village with 1920s–1960s homes and walk-up apartments along a traditional main street, bordered on the east by mid- and high-rise condo enclaves. Quieter and more established than Humber Bay Shores while sharing its waterfront parks.
| Mimico in brief | |
|---|---|
| Where it is | Historic lakeside village west of Humber Bay Park: roughly Mimico Creek / Humber Bay Park West to about Dwight Ave, from Lake Ontario north to the rail corridor and Gardiner area; main streets Lake Shore Blvd W and Royal York Rd. (Condo pockets: the Mystic Pointe enclave around Legion Rd N / Manitoba St, and the lakefront towers at 2261–2287 Lake Shore Blvd W.) |
| Transit | Mimico GO station (Lakeshore West line, Royal York Rd area) for fast rail trips to Union. Lake Shore Blvd W streetcar (TTC 507 Long Branch by day between Humber Loop and Long Branch Loop; 501 Queen extends west late evenings) — routings have changed repeatedly during track work, check ttc.ca. Royal York bus north to Royal York station on Line 2. Park Lawn GO is NOT open. |
| Everyday life | Village retail along Lake Shore Blvd W and Royal York Rd (Mimico Village); Humber Bay Park West, Mimico Linear Park / Waterfront Trail and the Humber Bay Butterfly Habitat; Metro at Park Lawn and Lake Shore on the east edge. |
| Official City neighbourhood | Mimico-Queensway (City of Toronto neighbourhood 160); the Mystic Pointe pocket near Park Lawn sits at the boundary with Humber Bay Shores (161) — confirm on the City map before stating. |
Things renters in Mimico should know
- Mimico GO is the area's biggest renter advantage: GO rail to Union is typically quicker than the streetcar, but the station is a walk or short bus ride from the lakefront towers.
- Several older lakefront buildings include heat, hydro and water in fees, which often means utilities-included rent.
- Significant new tower applications are in the pipeline around Mimico (e.g. near Lake Shore and the GO), so expect construction over the next several years.
Before you sign a condo lease
- Use the Ontario Standard Lease. Landlords of most private rental units, condos included, must use the province’s standard lease template for new leases.
- Deposits are capped. A landlord can ask for a rent deposit of no more than one month’s rent, and it must go toward your last month. Damage deposits are not allowed; a key or fob deposit must be refundable. See Ontario rental deposit rules.
- Check the rent-control date. The annual guideline (2.1% for 2026, 1.9% for 2027) does not apply to units first occupied as residences after 15 November 2018. Ask when the building was first occupied — in newer towers your increases are negotiable, not capped.
- Get utilities in writing. Newer towers usually meter hydro separately; many older buildings include it in the condo fee. It can be a real monthly difference.
- Read the condo rules. Tenants must follow the corporation’s declaration and rules — pets, move-in bookings, elevator deposits and short-term rental bans all live there.
The takeaway
In Mimico, Grand Harbour and Marina del Rey are where I would start, but the right building depends on your commute and whether you want amenities or square footage. Compare the all-in monthly cost — rent, hydro, parking, locker — not the headline rent, and remember that in Q2 2026 renters, not landlords, had the upper hand across the GTA.
Frequently asked questions
What are the best condo buildings to rent in Mimico?
My top five for renters are Grand Harbour, Marina del Rey, The Tides at Mystic Pointe, California Condos and Empire Phoenix, chosen for transit access, amenities, suite sizes, building condition and rental supply.
How much does it cost to rent a condo in Mimico?
In Q2 2026, condo apartments leased in TRREB district W06, which covers Mimico, averaged $2,419 a month for a one-bedroom and $3,267 for a two-bedroom. The City of Toronto averages were $2,316 and $3,154.
Which condo in Mimico is best for transit?
Grand Harbour at 2285–2287 Lake Shore Blvd W: streetcar stops on Lake Shore Blvd W at the door; Mimico GO is roughly a 20-minute walk or short bus ride north.
Are older or newer condos better to rent in Mimico?
Newer towers offer more amenities and modern finishes but smaller suites, separately metered hydro and no rent-control guideline if first occupied after 15 November 2018. Older buildings usually have larger layouts and often include utilities in the rent.
Is rent control in effect for condo rentals in Toronto?
Yes for units first occupied as residences on or before 15 November 2018, where increases are limited to the provincial guideline (2.1% in 2026 and 1.9% in 2027) once every 12 months. Units first occupied after that date are exempt from the guideline.
Do I pay a realtor to help me rent a condo?
On most MLS condo leases in the GTA the landlord pays the brokerage commission, but always confirm in writing before signing any agreement. I can search these buildings and review the lease with you.
Sources
- TRREB Rental Market Report, Q2 2026 — condominium apartment rents by district — accessed September 2026.
- Government of Ontario — residential rent increases and the rent increase guideline — accessed September 2026.
- Grand Harbour — building facts — accessed September 2026.
- Grand Harbour — building facts — accessed September 2026.
- Marina del Rey — building facts — accessed September 2026.
- Marina del Rey — building facts — accessed September 2026.
- The Tides at Mystic Pointe — building facts — accessed September 2026.
- The Tides at Mystic Pointe — building facts — accessed September 2026.
- California Condos — building facts — accessed September 2026.
- California Condos — building facts — accessed September 2026.
- Empire Phoenix — building facts — accessed September 2026.
- Mimico — neighbourhood and transit facts — accessed September 2026.
- Mimico — neighbourhood and transit facts — accessed September 2026.
- Mimico — neighbourhood and transit facts — accessed September 2026.
- Mimico — neighbourhood and transit facts — accessed September 2026.
Related reading
- Best Realtor in Mimico (2026): What to Look For Before You Hire
- Top 5 condos to rent in Humber Bay Shores
- Top 5 condos to rent in Long Branch and New Toronto
- Top 5 condos to rent in The Queensway
- Top 5 condos to rent in every Toronto neighbourhood
- How much rent can a landlord charge in Toronto?
- Renting now, buying later: a realistic timeline
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Etobicoke. I help tenants, landlords, buyers and sellers across Toronto and the GTA. Four-plus years of active GTA transactions and over $100 million in sales volume. Rent figures here come from TRREB’s published rental report and tenancy rules from the Government of Ontario, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.