Mimico, Etobicoke - October 2026 Real Estate Report
Mimico Real Estate Right Now: Your House Is Worth More Than the City Thinks
If you own a home in Mimico and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table - or at least walking around with the wrong number in your head. Here's the straight story on what's actually happening on our streets right now.
The Vibe: Houses vs. Condos - Two Very Different Stories
We've got a split market in Mimico right now, and it matters which side of it you're on.
Houses: The house market is taking a breather. The average sale price sits at $1,160,000, and things have been pretty flat. Homes are listing around $1,199,000 and selling at about 96.75% of list price - meaning buyers are negotiating, and getting somewhere. At $483 per square foot, we're actually one of the more affordable house markets in Etobicoke - ranking 9 out of 10 on price. That's not a bad thing if you're buying in. If you're selling, it means pricing sharp matters more than ever. The upside? Homes are moving in about 16 days on average, which puts us at a solid rank of 3 out of 11 for speed in Etobicoke. We're not sitting on the shelf.
Condos: This is where Mimico is quietly doing something interesting. Condo values are up 7.26% recently, ranking 3rd out of 20 comparable neighbourhoods in Etobicoke for growth. That's a top-performer spot on the neighbourhood leaderboard. The average sale price is $552,000, listings are coming in around $598,000, and buyers are paying about 92.31% of list - so there's room to negotiate, but the underlying value trend is pointing up. At $850 per square foot, condos here are priced competitively, and they're selling in just 9 days on average. Fast.
- House average sale price: $1,160,000
- House price per sq ft: $483
- House days on market: 16
- House growth rank: 15 out of 18 in Etobicoke
- Condo average sale price: $552,000
- Condo price per sq ft: $850
- Condo days on market: 9
- Condo growth rank: 3 out of 20 in Etobicoke
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing about your city tax assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. The HonestDoor Price is updated in real time, and right now it's telling a very different story than whatever number MPAC last handed you.
For houses in Mimico, the average HonestDoor Price is $1,392,780 - up 4.38% from the previous period. That's a real-world check that's likely sitting well above a stale government figure. For condos, the HonestDoor Price comes in at $684,947, up 2.10%, with a predicted market value of $706,715 - already climbing past the 3-month moving average of $683,607.
That gap between what the city thinks your place is worth and what the market actually says? That's your number. And right now, the HonestDoor Price is the one worth knowing.
- House HonestDoor Price: $1,392,780 (up 4.38%)
- House estimated rent: $5,246 per month
- House rental yield: 4.22%
- House Airbnb estimate: $261 per night
- Condo HonestDoor Price: $684,947 (up 2.10%)
- Condo estimated rent: $3,189 per month
- Condo rental yield: 3.47%
- Condo Airbnb estimate: $158 per night - ranked 2nd in Etobicoke
The So What: Thinking About Selling This Summer?
If you own a house in Mimico, the market is stable but buyers have leverage right now. They're paying below list price and they know it. That doesn't mean it's a bad time to sell - it means strategy matters. Price it right from day one. Homes that are priced well are still moving in about two weeks. Come in too high and you'll sit.
If you own a condo, your timing window looks better. Values are trending up, you're in the top tier of Etobicoke condo growth, and units are clearing in under 10 days. That's a seller-friendly setup. The market is telling you something - it might be worth listening.
Either way, the first move is the same: pull your HonestDoor Price today. Not your assessment. Not a guess. The real number - so you know exactly where you stand before you make any decisions this summer.
mimico | etobicoke | october 2026This 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.