5+ Days Ago
Highlights
Pet Friendly
Location
131 Lake Cres, Toronto, ON M8V 1W2, CAN|Mimico
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Property Overview
131 Lake Crescent achieves an impressive overall Zumper Expert Rating of 9.3, reflecting its strong appeal for renters with a competitive price rating of 10 out of 10. Exceptional amenities and a prime location further enhance its desirability, complemented by solid quality and trustworthiness ratings. Additional pros include 11 photos for a comprehensive view and features that promote pet friendliness and work-from-home options, making it a versatile choice for various lifestyles.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Images Available
- Outdoor space
Great for
Pet owners
Work-from-home
Floor plans
| Bachelor | Studio | 1 bath | $1,825 /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.
Contact Property
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. Unassigned parking.
$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
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.3
/10
Excellent131 Lake Crescent is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
131 Lake Crescent offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
131 Lake Crescent stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
131 Lake Crescent is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
131 Lake Crescent has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
131 Lake Crescent provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- No central heat
- Fewer climate control options
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Rent trends in Mimico
studio apartments at 131 Lake Crescent cost about 7% more than the average rent price for studio apartments in Mimico.
Median rents as of Mar 7 2026.
Mimico
Toronto
| Month | Median Rent |
|---|---|
| March 2024 | $1,986 |
| April 2024 | $1,959 |
| May 2024 | $1,983 |
| June 2024 | $1,990 |
| July 2024 | $1,955 |
| August 2024 | $1,948 |
| September 2024 | $1,907 |
| October 2024 | $1,898 |
| 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 |
| 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 | $1,707 |
Affordability calculator
Can I afford to live at 131 Lake Cres?
Bedrooms
StudioRent-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
$73,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $73,000 annually to afford this studio monthly rent price of $1,825.
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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