Monthly rent

$2,300

Beds

Baths

Sqft

600

Monthly rent	$2,300
Beds	1
Baths	1
Sqft	600

5+ Days Ago

Location

40 Alexander Street #Basement, Toronto, ON M8V 2K8, CA|Mimico

Tour 40 Alexander Street

Contact

Sara Da Silva

(844) 326-5877 ext. 6824

About 40 Alexander Street

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Apartments in Toronto

Mimico

40 Alexander Street #Basement, Toronto, ON M8V 2K8, CA

Furnished 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 appliances, 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 - empty room for storage 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. Why You’ll Love It - All utilities included: heat, hydro, water, and internet - Short-to-medium-term stays (weekly, or

Lease Terms

Month to month

40 Alexander Street is great for:

Work-from-home

High speed internet is an amenity
Utilities included in the rent

Neighborhood

Mimico

Post code

M8V 2K8

Type

Apartment for rent

Rent trends in Mimico

1-bedroom apartments at 40 Alexander Street cost about 25% more than the average rent price for 1-bedroom apartments in Mimico.

Median rents as of Oct 11 2025.

Mimico

Toronto

A table of 1-bedroom apartment rental data trends in Toronto
Month	Median Rent
October 2023	$2,548
November 2023	$2,501
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	$2,186

A table of 1-bedroom apartment rental data trends in Mimico
Month	Median Rent
October 2023	$2,050
November 2023	$2,195
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	$1,819

Affordability calculator

Can I afford to live at 40 Alexander Street #Basement?

Bedrooms

1 bedroom

Rent-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

$92,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $92,000 annually to afford this 1-bedroom monthly rent price of $2,300.

For more information on rent affordability, visit our rent calculator.

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

Central Heat	Furnished
Hardwood Floor	High Ceilings

40 Alexander Street40 Alexander Street #Basement, Toronto, ON M8V 2K8, CA

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40 Alexander Street
40 Alexander Street #Basement, Toronto, ON M8V 2K8, CA