1 Day Ago
Location
40 Alexander Street #Basement, Toronto, ON M8V 2K8, CA|Mimico
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Contact
Sara Da Silva
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Amenities for 40 Alexander Street, Mimico
Apartment Amenities
| Central Heat | Furnished |
| Hardwood Floor | High Ceilings |
Appliances
| In-Unit Laundry |
Grounds
| Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 40 Alexander Street
Short-Term Basement Apartment – Lakefront Living in Mimico Welcome to your new home away from home. This modern basement apartment offers the perfect balance of comfort, convenience, and outdoor living. Located just steps from the water in Toronto’s charming Mimico neighborhood, you’ll find a peaceful retreat that feels like home while still keeping you connected to the heart of the city. Perfect for professionals in town for work, this space offers both comfort and convenience for short-term or medium-term stays. It also offers a great, kid-friendly neighbourhood should you have a small human with you. If you’re tired of impersonal corporate housing or overpriced short-term rentals, you’ll appreciate the balance this apartment offers: private, peaceful, and practical. The Apartment Every detail in this private unit has been designed with comfort in mind with 8-ft ceilings throughout. It also offers: - Private entrance for complete independence and peace of mind - Open-concept living space with clean, modern finishes - Brand-new kitchen with full-sized fridge, plenty of storage, and space to cook real meals - Contemporary bathroom with fresh fixtures and finishes - In-suite laundry for convenience and privacy - fully furnished rental (if desired); or unfurnished - empty room for den or storage Why You’ll Love It - All utilities included: heat, hydro, water, and internet - Short-to-medium-term stays (1-6 months) The Lifestyle - Lake access at your doorstep: Walk or run along the waterfront trail, cycle into the city, or simply enjoy the views with a coffee in hand. - Quiet, community feel: Mimico is a lakeside neighborhood with a small-town vibe in the big city. Neighbors know one another, and there’s a real sense of belonging. - Local charm: Independent cafes, family-run restaurants, parks, and boutique shops give you everything you need close to home. - Easy access to the city: Downtown Toronto is a quick drive, transit ride, or bike commute away, with direct routes to major studios and business hubs.
Lease Terms
3 months40 Alexander Street is great for:
Address details
| Neighborhood | Mimico |
|---|---|
| Post code | M8V 2K8 |
| Type | Apartment for rent |
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Rent trends in Mimico
1-bedroom apartments at 40 Alexander Street cost about 15% more than the average rent price for 1-bedroom apartments in Toronto.
Median rents as of Nov 1 2025.
Mimico
Toronto
| Month | Median Rent |
|---|---|
| November 2023 | $2,500 |
| December 2023 | $2,488 |
| January 2024 | $2,450 |
| February 2024 | $2,450 |
| March 2024 | $2,438 |
| April 2024 | $2,400 |
| May 2024 | $2,400 |
| June 2024 | $2,399 |
| July 2024 | $2,386 |
| August 2024 | $2,384 |
| September 2024 | $2,366 |
| October 2024 | $2,347 |
| November 2024 | $2,312 |
| December 2024 | $2,300 |
| January 2025 | $2,300 |
| February 2025 | $2,303 |
| March 2025 | $2,300 |
| April 2025 | $2,281 |
| May 2025 | $2,257 |
| June 2025 | $2,242 |
| July 2025 | $2,222 |
| August 2025 | $2,200 |
| September 2025 | $2,193 |
| October 2025 | $2,171 |
| November 2025 | $2,150 |
| Month | Median Rent |
|---|---|
| November 2023 | $2,292 |
| December 2023 | $2,281 |
| January 2024 | $2,122 |
| February 2024 | $1,975 |
| March 2024 | $2,018 |
| April 2024 | $2,245 |
| May 2024 | $2,189 |
| June 2024 | $2,164 |
| July 2024 | $2,167 |
| August 2024 | $2,158 |
| September 2024 | $2,097 |
| October 2024 | $2,080 |
| November 2024 | $2,008 |
| December 2024 | $2,081 |
| January 2025 | $2,124 |
| February 2025 | $2,012 |
| March 2025 | $2,075 |
| April 2025 | $2,150 |
| May 2025 | $2,058 |
| June 2025 | $1,980 |
| July 2025 | $1,950 |
| August 2025 | $1,874 |
| September 2025 | $1,805 |
| October 2025 | $1,823 |
| November 2025 | $1,825 |
Affordability calculator
Can I afford to live at 40 Alexander Street #Basement?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $2,100 | 1 bed | 1 bath | ||
| 3 years ago | $1,950 | 1 bed | 1 bath |
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Internet available near 40 Alexander Street
Getting around Toronto near 40 Alexander Street #Basement
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 40 Alexander Street #Basement, Toronto
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 40 Alexander Street #Basement
Lakeshore Valu-Mart
2399 Lake Shore Blvd W
Metro
2208 Lake Shore Blvd W
Jeff's No Frills
220 Royal York Rd
Mario & Selina's No Frills
220 Royal York Rd
Sobeys
125 the Queensway
Heretic Huculiak
2368 Lake Shore Blvd W
Assured Boutique
36 Park Lawn Rd
Cinderella High Heels & Bridal
623 the Queensway
Cupid Boutique
655 the Queensway
Lana Shoes & Medical Supply
10 Royal York Rd
Starbucks
2208 Lake Shore Blvd W
Jimmys Coffee
380 Royal York Rd
Starbucks
150 Park Lawn Rd
Tim Hortons
152 Park Lawn Rd
Tim Hortons
2125 Lake Shore Blvd W
Royal Mimico Pub
349B Royal York Rd
Firkin on the Bay
68 Marine Parade Dr
Three Brothers Restaurant
657 the Queensway
Galway Arms the Lounge Bar
838 the Queensway
Albatros Pub
3057 Lake Shore Blvd W
Sanremo Bakery Inc
374 Royal York Rd
The Bread Essentials
406 Royal York Rd
Cakes By Mickey
696 the Queensway
N A
709 the Queensway
Vital Planet
2789 Lake Shore Blvd W
Alexander Park
Mimico Waterfront Park
Manchester Park
Superior Park
Humber Bay Promenade Park
Tich Modern Indian Cuisine
2314 Lake Shore Blvd W
Panagio's All Day Grill
2324 Lake Shore Blvd W
FBI Pizza
2336 Lake Shore Blvd W
Lavini Restaurant
2350 Lake Shore Blvd W
Everest Indian Cuisine Ltd
2356 Lake Shore Blvd W
Lake Shore Blvd West at Burlington St
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QUEEN, QUEEN, LONG BRANCH, LAKE SHORE
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Kipling
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Bloor
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Bloor GO/UP
Union Pearson Express
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Old Mill Station - Eastbound Platform
LINE 2 (BLOOR - DANFORTH)
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Royal York Station - Eastbound Platform
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40 Alexander Street, Toronto, ON M8V 2K8, CA
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1 Bed, 1 Bath
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$1,950
Ceiling Fan • Deck • Air Conditioning • On-Site Laundry
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