About Riva Del Lago Condominium
Riva Del Lago is a 16-storey mid-rise condominium in Mimico, Toronto, developed by Monarch Group and completed in 2017. With 155 units ranging from about $550,000 to $1.1 million, it offers a range of options for buyers seeking lakeside living in a well-established neighbourhood. The building combines residential space with proximity to the water and local amenities that define this south Toronto waterfront area.
Located in Mimico near the shores of Lake Ontario, Riva Del Lago sits in a neighbourhood with strong transit access via the Dundas West streetcar and nearby GO Transit connections. The area is walkable to local shops, restaurants, and parks along the waterfront. This location appeals to buyers and renters who want lake views or access without committing to downtown Toronto density.
Frequently asked questions
What type of building is Riva Del Lago?
Riva Del Lago is a 16-storey mid-rise condominium completed in 2017 by Monarch Group. The building contains 155 units total, making it a substantial residential community in the Mimico neighbourhood. As a modern mid-rise, it sits between low-rise townhome communities and high-rise towers, offering a balanced scale that fits well within its waterfront context. The building was designed to serve families, professionals, and investors seeking a mix of unit sizes and price points in Toronto's west end lakefront area. Units typically include one to two bedrooms with average square footage around 880 square feet, making them well-suited to couples, small families, and first-time buyers.
What's the neighbourhood like around Riva Del Lago?
Mimico is a waterfront neighbourhood in Toronto's west end, and Riva Del Lago sits within easy reach of Lake Ontario. The area has solid transit infrastructure, with the Dundas West streetcar providing regular access east toward downtown and west along the corridor. Nearby GO Transit stations connect commuters to Union Station and beyond. The neighbourhood is walkable, with local shops, cafes, and restaurants dotting Dundas Avenue and side streets. Waterfront parks offer recreation and green space, appealing to residents who value outdoor access. The demographic tends toward established families, professionals, and investors who appreciate the quieter pace compared to downtown Toronto while maintaining good transit links and urban services.
What should buyers and renters know about Riva Del Lago?
When considering Riva Del Lago, buyers should ask about current maintenance fees, property tax levels, and any special assessments affecting the building. The mix of two-bedroom units around 880 square feet suits couples and small families, though the building also includes one-bedroom options. Renters should inquire about the pet policy, parking availability, and what amenities are included with the unit. Current listings show a range from approximately $550,000 to over $1 million, reflecting variation in unit size, layout, and view. The building's 2017 completion date means most systems are relatively new, which can benefit owners in the short term. Both buyers and renters should evaluate their commute needs against the Dundas West streetcar and local GO stations, and consider whether the building's Lake Ontario proximity and Mimico neighbourhood character align with their lifestyle preferences.