49 Algoma St

Mimico sits along Lake Ontario in Toronto’s west end, where waterfront views and a mix of residential streets meet the city’s shoreline. The lake moderates the local climate, though breezes are common near the water. Outdoor space includes the waterfront trail and parks such as Mimico Waterfront Park, with paths for walking and cycling and open areas for outdoor time. The area’s history is reflected in its older homes and its development as a lakeside community. Local streets offer cafés, casual dining and everyday shops, while nearby districts add more options for restaurants and nightlife. Residents can get around by walking or biking along the waterfront, using local transit, or connecting to downtown Toronto by GO train. For the Mimico neighborhood, the median rent is $2,500 per month, with a typical range of $900 to $9,500.