Updated 22 Hours Ago
Highlights
Pet Friendly
Location
131 Lake Cres, Toronto, ON M8V 1W2, CAN|Mimico
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Property Overview
131 Lake Crescent earns a strong overall rating, with standout marks for price, amenities, location, and quality, suggesting solid value and a well-rounded living experience. The listing also benefits from useful photos and features that support work-from-home needs and pet friendliness, alongside outdoor spaces and included utilities.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Extra storage
- Images Available
Great for
Work-from-home
Pet owners
Floor plans
| 1 Bedroom, 1 Bath | 1 bed | 1 bath | $1,950 /mo |
Let's explore this property.
Amenities for 131 Lake Crescent
Apartment Amenities
| Air Conditioning | Balcony |
| Hardwood Floor | Heat |
| Hot Water | Luxury Vinyl Floors |
| Radiator Heating | Window Coverings |
Appliances
| Air Conditioning Unit | Dishwasher |
| Dishwasher Available | Fridge |
| In-Unit Laundry | Microwave |
| Stove | Washer In-Suite |
Tech
| Internet Ready |
Building
| Cats OK | Controlled Access |
| Dogs OK | No Smoking Allowed |
| Onsite Laundry | Video Surveillance |
Grounds
| Storage |
Neighborhood
| Humber College | Public Transit |
| Shopping Nearby |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Deposit
One-time.
$1,950
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Surface Lot
Surface Lot
Parking Fee
Monthly. 2 surface lots max.
$125
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1960 |
|---|---|
| Lease terms | 12 months |
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About 131 Lake Crescent
Fully renovated apartment with stainless appliances, in-suite laundry, air conditioning and granite counter tops. The building is a small 9-unit walk apartment located on a quiet street set amongest single family homes in South Etobicoke near Royal York and Lakeshore. The property is a short distance to dining and shopping on Lakeshore, waterfront parks and trails, Humber College and the TTC (Royal York at the end of street). Property is secure with surveillance cameras and electronic key fob access for front and side entrances. In-suite amenities include: - Modern, open-concept kitchen with white cabinets and stone counter-top - Stainless steel appliances (fridge, stove, microwave and dishwasher) - Washer and dryer - Air conditioning - Window coverings on all windows Dedicated on-site, outdoor parking is available on-site for $75/month (subject to availability) or on the street through a City of Toronto permit. Paid on-site storage is available for $30/month (subject to availability). Landlord pays for heating and water. Tenant pays for Hydro. No smoking allowed. Pets are allowed. Located on a quiet street set amongest single family homes in South Etobicoke near Royal York and Lakeshore. Nearby schools and libraries: - Humber College - Second Street Junior Middle School - John English Junior Middle School - Seventh Street Junior School - Toronto Police College - Toronto Public Library - Mimico Branch, New Toronto Branch Nearby community centres, parks and walking trails: - YMCA - Rotary Peace Park (outdoor pool, baseball diamind, tennis court) - Cliff Lumsdon Park - Hillside Park - Colonel Samuel Smith Park (and skating trail) - Prince of Wales Park - LAMP - Ourland Community Centre - Ken Cox Community Centre Nearby grocery: - No Frills - Valu-Mart - Shopper's Drug Mart - Beer Store - LCBO - San Remo Bakery Nearby public transit: - TTC (Bus) - Royal York, Islington - TTC (Street car) - Lakeshore - GO (Train) - Mimico Station
Year Built: 1960
131 Lake Crescent is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 131 Lake Crescent compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Extra storage
- In-unit features
- Images Available
- There are at least 10 photos of this property
- Outdoor space
- Easy access to the outdoors
Considerations
- No central heat
- Fewer climate control options
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Rent trends in Mimico
1-bedroom apartments at 131 Lake Crescent cost about 7% more than the average rent price for 1-bedroom apartments in Mimico.
Median rents as of Oct 3 2026.
Mimico
Toronto
| Month | Median Rent |
|---|---|
| October 2024 | $1,897 |
| November 2024 | $1,899 |
| December 2024 | $1,899 |
| January 2025 | $1,887 |
| February 2025 | $1,853 |
| March 2025 | $1,862 |
| April 2025 | $1,856 |
| May 2025 | $1,842 |
| June 2025 | $1,806 |
| July 2025 | $1,800 |
| August 2025 | $1,800 |
| September 2025 | $1,799 |
| October 2025 | $1,798 |
| November 2025 | $1,768 |
| December 2025 | $1,750 |
| January 2026 | $1,741 |
| February 2026 | $1,709 |
| March 2026 | $1,700 |
| April 2026 | $1,700 |
| May 2026 | $1,706 |
| June 2026 | $1,722 |
| July 2026 | $1,732 |
| August 2026 | $1,732 |
| September 2026 | $1,748 |
| October 2026 | $1,747 |
| Month | Median Rent |
|---|---|
| March 2025 | $1,736 |
| April 2025 | $1,762 |
| May 2025 | $1,710 |
| June 2025 | $1,725 |
| July 2025 | $1,696 |
| August 2025 | $1,679 |
| September 2025 | $1,600 |
| October 2025 | $1,600 |
| November 2025 | $1,657 |
| December 2025 | $1,657 |
| February 2026 | $1,681 |
| March 2026 | $1,627 |
| April 2026 | $1,687 |
| May 2026 | $1,700 |
| July 2026 | $1,700 |
| August 2026 | $1,747 |
| September 2026 | $1,747 |
| October 2026 | $1,747 |
Affordability calculator
Can I afford to live at 131 Lake Cres?
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
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 1-bedroom monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
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Internet available near 131 Lake Crescent
Getting around Toronto near 131 Lake Cres
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 131 Lake Cres, Toronto
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
10/10
Very large amount of park space within a few minutes' walk
Nightlife
2/10
Few or no bars within walking distance
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