Mimico, Etobicoke - July 2026 Real Estate Report

Mimico Is Holding Its Own - Here Is What Your Home Is Actually Worth Right Now

If you live in Mimico and you have not checked your HonestDoor Price lately, you are probably working off a number that is already out of date. The city's assessment? Static. The market? Moving. Here is the real picture for our corner of Etobicoke.

The Vibe: Houses vs. Condos in Mimico

Let's split this into two honest conversations, because houses and condos are telling very different stories right now.

Houses - Steady Gains, Above-Average Standing

We are in a good spot for detached and semi-detached homes. The average HonestDoor Price for a house in Mimico sits at $1,392,780, up 4.38% from the previous period. That is real money moving in the right direction.

• Average HonestDoor Price: $1,392,780
• Recent price change: up 4.38%
• Predicted market value: $1,335,864
• Estimated monthly rent: $5,098 - $5,246
• Rental yield: 4.27%
• Airbnb potential: approx. $253 per month (ranked 6th in Etobicoke)
• Neighbourhood growth rank: 10 out of 20 - above average in Etobicoke

That growth rank matters. Landing in the top half of 20 Etobicoke neighbourhoods means Mimico houses are outperforming more of our neighbours than not. Stonegate-Queensway houses are priced significantly higher at $1,868,928, and New Toronto comes in just above us at $1,418,867. We are not the cheapest option on the leaderboard - and that is a good thing for anyone who already owns here.

One thing to watch: the predicted value of $1,335,864 is sitting just below the 3-month moving average of $1,336,155. That is essentially flat - not a red flag, but a signal that the market is catching its breath after recent gains.

Condos - Buyers Have the Edge, But Owners Are Still Ahead of Neighbours

The condo picture is a bit more nuanced. We are not going to sugarcoat it - the condo side of Mimico is taking a breather.

• Average HonestDoor Price: $684,947
• Recent price change: up 2.10%
• Predicted market value: $670,817
• Average sale price: $552,000
• Average listing price: $598,000
• Price per square foot: approx. $850
• Sale-to-list ratio: 92.31% - buyers are paying below asking
• Average days on market: 9 days
• Estimated monthly rent: $3,148 - $3,189
• Rental yield: 3.53%
• Airbnb potential: approx. $156 per month (ranked 2nd in Etobicoke)
• Neighbourhood growth rank: 11 out of 20 - below average in Etobicoke

The predicted value of $670,817 has slipped from the 3-month moving average of $693,723, and the recent price change of -2.80% confirms condos here are softening. Buyers are negotiating - paying about 92 cents on every dollar of asking price. That said, our condo values still beat nearby Stonegate-Queensway ($571,405) and New Toronto ($569,346), so we are holding a relative advantage on the leaderboard even while the market cools.

The one bright spot for condo owners? We rank 1st out of 2 comparable neighbourhoods for days-on-market speed. When a unit is priced right, it moves fast - 9 days on average.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not know that house prices in Mimico just moved up 4.38%. It does not factor in what sold on your street last month. It is essentially a history lesson dressed up as a current number.

The HonestDoor Price is a real-world check. It pulls from actual recent market activity and updates continuously. For a Mimico house owner, the difference between the city's static figure and a current HonestDoor Price of $1,392,780 could mean tens of thousands of dollars in equity you did not know you had - or a pricing mistake that costs you at the negotiating table.

If you are a condo owner, this matters even more right now. With values shifting by -2.80% recently, knowing your actual current number - not last year's assessment - is the difference between pricing to sell and pricing to sit.

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

If you own a house in Mimico, the case for listing this summer is real. You have got a 4.38% price gain working in your favour, a top-half growth ranking in Etobicoke, and you are priced competitively below Stonegate-Queensway - which means buyers priced out of that neighbourhood are looking at us. That is a genuine pool of motivated buyers.

If you own a condo, the honest answer is that timing matters more right now. Buyers have leverage - they know it, and the 92.31% sale-to-list ratio proves it. That does not mean you cannot sell, but it means your list price has to be sharp from day one. The good news is that well-priced condos here are still moving in 9 days. Price it right and you will not be waiting long.

Either way, the first step is the same - check your HonestDoor Price today. Not your assessment. Not a neighbour's guess. Your actual number, based on what the market is doing right now in Mimico.

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.