Mimico, Etobicoke - August 2026 Real Estate Report

Mimico Is Moving - Here Is What Your Home Is Actually Worth Right Now

If you live in Mimico and the last number you heard for your home value came from a city tax assessment, you are probably sitting on outdated information. The market has shifted, and the gap between what the city thinks your place is worth and what a buyer would actually pay today is wider than most people realize. Here is the real picture.

The Vibe - Houses vs. Condos in Mimico

Let us start with houses, because the story there is strong. The average HonestDoor Price for a house in Mimico right now is $1,392,780 - up 4.38% from the previous period. The 3-month moving average sits at $1,347,792, which means values are climbing above that baseline. That is not a blip. That is momentum. Our houses rank 4 out of 20 neighbourhoods in Etobicoke for growth, which puts us firmly in the top tier of the leaderboard.

• Average HonestDoor Price (Houses): $1,392,780
• Recent price change: up 4.38%
• 3-month moving average: $1,347,792
• Estimated monthly rent: $5,246
• Rental yield: 4.21%
• Airbnb estimate: $261 per night
• Airbnb rank in Etobicoke: 6th
• Growth rank: 4 out of 20 in Etobicoke

For context, our neighbour Stonegate Queensway has houses averaging $1,869,740 - significantly higher. New Toronto comes in at $1,180,376 - noticeably lower. Mimico sits in a sweet spot: more accessible than Stonegate, and outperforming New Toronto on price. That positioning matters when buyers are shopping the whole west end.

Now for condos. The average HonestDoor Price for a Mimico condo is $684,947, up 2.10%. The predicted value of $685,228 is already nudging above the 3-month moving average of $682,074, so the trend is pointing up, even if the pace is steadier. The one data point worth flagging: the single condo that sold recently went for $552,000 at 92.31% of list price. That tells us buyers have some negotiating room right now, and sellers need to price sharp to get deals done.

• Average HonestDoor Price (Condos): $684,947
• Recent price change: up 2.10%
• 3-month moving average: $682,074
• Average sale price (recent): $552,000
• Average list price: $598,000
• Price per square foot: $850
• Sale-to-list ratio: 92.31%
• Average days on market: 9
• Estimated monthly rent: $3,189
• Rental yield: 3.51%
• Airbnb estimate: $158 per night
• Airbnb rank in Etobicoke: 2nd
• Growth rank: 4 out of 20 in Etobicoke

One thing that stands out for condo investors: Mimico ranks 2nd in all of Etobicoke for Airbnb potential. If you own a condo near the lake and you are not thinking about short-term rental income, that is a conversation worth having.

The Secret Sauce - Why Your HonestDoor Price Beats Waiting for a Tax Assessment

Here is the thing about city assessments - they are snapshots from the past. By the time the city mails you that number, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. For a Mimico house owner, that difference right now could be tens of thousands of dollars. Your assessment might say one thing. A buyer walking through your door this summer might say something very different - and higher.

Think of the HonestDoor Price as the number your real estate agent would whisper to you before you listed, not the number the city uses to calculate your tax bill. One is a live market read. The other is a bureaucratic lag.

The So What - Should You Sell in Mimico This Summer?

If you own a house in Mimico, the timing argument is real. Values are up 4.38%, you are ranked 4th out of 20 Etobicoke neighbourhoods for growth, and you are priced below Stonegate Queensway - which means buyers who got priced out of that market are looking at Mimico as the logical next step. That is a buyer pool working in your favour.

If you own a condo, the picture is more nuanced. Values are growing, but the recent sale at 92.31% of list price tells you that buyers are not in a panic. Price it right from day one - do not chase a number and then chase it back down with reductions. Nine days on market is fast, but only if the price makes sense to a buyer immediately.

Bottom line for both: check your HonestDoor Price before you do anything else. It is the most current read on what your Mimico property is actually worth - not what it was worth when someone last updated a spreadsheet at city hall.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.