Year Built
2010
Mid-Rise Condo
Hearthstone by the Bay Condos
by Davies Smith Developments
3 Marine Parade Drive, Etobicoke, ON M8V 3Z5
Total Units
144
Avg $/sqft
$560
Storeys
18
Available Units in Hearthstone by the Bay Condos
3
Units for sale
From $329,900
For Sale
Listed for:
Listed Aug 7, 2026
$329,900
Unit 707, 3 Marine Parade Drive
Etobicoke (Mimico), ON M8V 3Z5
1Bedroom
1Bathroom
0Parking
600-699Sq Ft
Condo ApartmentFor Sale
0
Units for rent
Live MLS · Updated daily
Overview
When we say the Hearthstone by the Bay Condos isn’t for everyone, we really mean it. Youngins will have to wait their turn, as 3 Marine Parade Drive isn’t only an Etobicoke condominium, it’s also a retirement community.
Davies Smith Developments is responsible for making 144 homes available for retirees in Mimico neighbourhood. The 18-storey building was completed in 2010 and features an inventive services structure planned with seniors in mind. Beyond the standard amenities found in most condos, 3 Marine Parade Dr offers residents housekeeping, fitness programs, and even a shuttle bus to nearby sites as well as downtown Toronto.
The creators of Hearthstone by the Bay are committed to keeping costs down for seniors. Anyone living in the building pays a mandatory monthly fee for basic services such as 24-hour emergency response, kitchen and dining room staff, fitness programming, activities and social events, and housekeeping. From there, residents have the option to add more services based on their individual needs and desires, such as hair appointments, massages, physiotherapy, trips out of the city, and grocery delivery.
In addition to these services, residents have access to an array of communal spaces. Between the party room, gym with resistance pool, theatre, pub, terrace, solarium, library, and games room, it’s pretty difficult to become bored at 3 Marine Parade Dr.
Developer
Davies Smith Developments
Year Built
2010
Property Type
Mid-Rise Condo
Storeys
18
Total Units
144
Management
360 Community Management Ltd.
Amenities
Underground Parking
Lap Pool
Rec Room
Indoor Pool
Games Room
Fitness Centre
Visitor Parking
Theatre Room
Party Room
24/7 Concierge
Price History
62 recordsLoading history…
Market Stats
Prices in Hearthstone by the Bay Condos are down 1.3% compared to last year.
$560
Avg $/sqft
-1.3%
YoY change
40
Avg days on market
Location & Walkability
Walk Score
64/100
Daily errands on foot
Transit Score
77/100
TTC, GO, subway access
Bike Score
70/100
Bike lanes & infrastructure
Neighbourhood in Etobicoke
Mimico
family-friendly community-oriented diverse tranquil
Mimico is a vibrant neighbourhood in Etobicoke, known for its diverse community and access to amenities. It offers a mix of residential options, making it suitable for families and young professionals.
Close to Lake Ontario Diverse dining options Good schools available Various parks and playgrounds Strong community feel
Etobicoke, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Day to dayLivability
7.1
Schools near listings
out of 10 · averaged over 8,376 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$699,000
12% below Etobicoke 2% below Ontario
In Mimico
$699,000
In Etobicoke
$798,500
In Ontario
$714,900
Median monthly rent
$2,500/mo
1% above Etobicoke On par with Ontario
In Mimico
$2,500
In Etobicoke
$2,485
In Ontario
$2,500
$824
Per square foot
≈ 23.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
310
Median $699,000
Condos 271 · Houses 39
For rent
196
Median $2,500
Recently sold
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Recently leased
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Market data as of 2026-10-18. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to city median prices
- Good school ratings for elementary education
- Access to parks and recreational spaces
- Diverse community with many amenities
- Proximity to public transit options
Keep in mind
- Higher rental strain for some residents
- Limited secondary schools in the area
The feel of the placeLifestyle
Daily life in Mimico is relaxed and community-oriented, with easy access to parks and local shops. Residents enjoy a mix of urban living and natural spaces.
Great for first-time buyers families young professionals
Within the boundaryWhat's nearby
The boundary
6.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
28
Parks
32
Playgrounds
23
Transit stations
4
Grocery stores
29
Restaurants
14
Cafés
7
Gyms
1
Libraries
8
Pharmacies
Counted across all 6.6 km² of Mimico. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
6.2/10
Average rating of the 2 rated schools in this area
7
Elementary
John English Junior Middle School
Public · Grades JK–8 · Toronto DSB
7.1/107.4 over 5 yrs808th of 3,045 Ontario elementary schools
795 students · EQAO 2024-2025
St Leo Catholic School
Catholic · Grades JK–8 · Toronto CDSB
5.3/106.4 over 5 yrs2,037th of 3,045 Ontario elementary schools
405 students · EQAO 2024-2025
David Hornell Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
230 students · EQAO 2024-2025
George R Gauld Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
250 students · EQAO 2024-2025
Mildenhall School, the
Independent
Not rated
Oak Learners
Independent
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Mimico, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
40,840
Population (2021)
7.0 km²
Area
5,867
People per km²
40.8
Median age
$89,540
Median income
54%
Own their home
2
People per household
21,210
Households
Every age
- Children (under 15)10.1%
- Working age (15–64)74.3%
- Seniors (65+)15.7%
What is built here
- Detached houses11.1%
- Semi-detached1.3%
- Townhouses4.3%
- Duplexes1.6%
- Low-rise apartments15.4%
- High-rise apartments66.2%
Own or rent
54%Owners
46%Renters
Across 21,210 households
When it was built
- 1960 or earlier19%
- 1961–198015%
- 1981–19907%
- 1991–200010%
- 2001–20057%
- 2006–20107%
- 2011–201517%
- 2016–202118%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 43.6%
- Born outside Canada
- 46.7%
- Hold a degree or higher
- 62.8%
- Employment rate
- 19.6%
- Commute by transit
- 71.8%
- Commute by car
- 1.4
- Children per family
- $76,410
- Median income after tax
- $113,899
- Average household income
- 12.9%
- Living on a low income
- $1,736/mo
- Renters pay, per month
- $2,052/mo
- Owners pay, per month
- $841,824
- Median home value at census
- 41.1%
- Renters spending 30%+ of income on housing
- 27.1%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 34 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
