About Waterscapes
Waterscapes is a 30-storey high-rise in Mimico built by Monarch Group in 2014, offering 344 units across the neighbourhood. The building sits near Lake Ontario and the Humber River, positioning residents close to water and green space. With 4 units currently for sale ranging from $549,990 to $1.1M and 2 available to rent at around $3,800 per month, the building serves a mix of buyers and tenants looking for lakeside living in Toronto.
Mimico offers direct access to the waterfront trail, a major draw for anyone who values outdoor space and recreation. The area is well-served by transit, with Dundas West Streetcar nearby and easy connections across the city. This location appeals to families, young professionals, and retirees who want proximity to the water without leaving Toronto proper.
Frequently asked questions
What type of building is Waterscapes and when was it built?
Waterscapes is a 30-storey high-rise residential tower developed by Monarch Group and completed in 2014. With 344 units, it's a substantial presence in Mimico's skyline and represents modern mid-2010s condo construction. The building offers a mix of unit sizes and configurations, which you'll see reflected in the current listings ranging from 1-bedroom and 2-bedroom layouts. As a high-rise, it typically includes shared amenities like fitness facilities, common lounges, and building management services. Maintenance fees are an important part of ownership here, as with any mid-to-high-rise complex, and you should review the current fee schedule when considering a purchase.
What makes the Mimico location appealing?
Waterscapes sits in one of Toronto's most underrated waterfront neighbourhoods. The building is steps from the Lake Ontario waterfront trail, which stretches for miles and is perfect for walking, cycling, and jogging. Dundas West Streetcar stops nearby, offering direct streetcar access east toward downtown and west toward Dundas West proper. The area has quieter, tree-lined residential streets mixed with local shops and cafes along Dundas and King West. You're close enough to downtown for commuting but far enough to avoid the highest urban density. Families appreciate the proximity to schools and parks, while professionals value the straightforward transit access and peaceful setting.
What should I know about buying or renting at Waterscapes?
Units at Waterscapes typically range around 883 square feet on average, with active listings showing mostly 2-bedroom layouts. When evaluating a purchase, review the building's reserve fund study and maintenance fee schedule, as these directly affect your carrying costs. Pet policies vary by unit or owner, so confirm any pet restrictions before committing. Rental units in the building average around $3,800 per month, giving you a sense of the market rate for this address. If you're considering resale value, watch the lakefront market closely, as waterfront condos in Mimico have shown steady appreciation over time. Walk the building's common areas and amenities during a showing, and ask the agent or management office about upcoming capital projects that might affect future fees.