
41 Algoma Street
Mimico, Toronto
$1,850,000
Welcome to 41 Algoma Street! Newly constructed and never lived in, this exceptional residence sits on a thoughtfully redeveloped lot, offering contemporary design, spacious interiors, and outstanding functionality. The main floor features 9-ft ceilings and a thoughtfully designed layout ideal for everyday living and elegant entertaining. Enjoy a bright living room, spacious family room, formal dining area, and sun-filled breakfast space. Large windows throughout provide abundant natural light. Offering 4 spacious bedrooms and 5 beautifully finished washrooms, this home delivers comfort and convenience for the entire family. The beautifully finished basement features impressive 10-ft ceilings and a self-contained secondary suite with a walk out Kitchen, appliances and Laundry have been roughed-in and are ready for installation, offering excellent potential for in-law accommodation or additional rental income. Located in a desirable neighborhood near top-rated schools, major highways, and transit. Enjoy nearby Humber Bay Park and Park Lawn Park, along with shopping, dining, and everyday amenities along the vibrant Queensway corridor. Additional highlights include an approved Garden Suite permit, offering future potential for additional living space or supplemental income. A 100A, 240V electrical rough-in extends from the main panel to the rear of the property, providing future capacity for a pool, hot tub, or heavy-duty equipment in the shed. An exceptional opportunity to own a pristine with outstanding features, future potential, and a convenient location.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | New |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,859 |
| Lot Size | 25 ft x 100.5 ft |
| mls© Number | W14145798 |
| Listed By | KELLER WILLIAMS EMPOWERED REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,469
- Property tax
- $322
- Heat allowance
- $150
- Housing costs
- $9,941 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$306,000
gross annual household income
- Payment at 4%
- $7,785 / mo
- Cash down
- $370,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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