3 Marine Parade Dr #1402, Toronto

Name: 3 Marine Parade Drive, Unit 1402
SKU: W14027528
Price: 812000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Toronto

Unit 1402 at 3 Marine Parade Drive

Welcome to Hearthstone by the Bay, where retirement living meets an extraordinary waterfront setting. This rarely available south-east corner suite offers spectacular views of Lake Ontario, the Humber River and Toronto's iconic skyline, including the CN Tower and Ontario Place. Imagine settling into the sunroom with your morning coffee and watching the day unfold-the sparkling waters of Lake Ontario, boats and wildlife going by, and the ever-changing skyline stretching beyond. Humber Bay Park & the waterfront trail sit right outside your door, creating a remarkable sense of tranquility and connection to the waterfront.This spacious suite offers two bedrooms, a welcoming family room and a generous living, dining and kitchen area designed for comfortable everyday living. The adjoining sunroom creates a quiet retreat to sit back, relax and take in the spectacular waterfront views. In the kitchen, two picture-perfect windows frame the view, while solid wood cabinetry and an open, airy layout add warmth and character. Both bedrooms feature walk-outs to private balconies, allowing you to enjoy the remarkable views from yet another vantage point.Hearthstone offers a refreshing alternative to traditional retirement living-the freedom of owning your own condominium, paired with the convenience of services and amenities designed to make everyday life easier and more enjoyable. The Mandatory Club Fee of $1,990.85 + HST/month includes a wide range of services and amenities, including $298.40/month in restaurant meal credits, 4 hours of housekeeping per month, 24-hour access to a nurse on duty, fitness classes, a full range of activities and shuttle bus service. Additional services and health care are available à la carte as your needs evolve, providing added comfort and support for the years ahead. An additional fee of $274.34 + HST/month applies for a second occupant.

2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $812 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 3 Marine Parade Dr #1402

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

3 Marine Parade Dr #1402 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 13, 2026For saleListedThis listingMLS® W14027528$812,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 3 Marine Parade Dr #1402 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 15,788 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $848,000
Average sold price: $1,080,803
Average days on market: 31
Homes sold: 9,685

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$848,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4900.1%On average, homes sold at or above asking.
Active listings12,446Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.

Based on 9,685 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 1402 — 3 Marine Parade Drive 2 bd · 2 ba · 1,000 sqft	$812,000asking	$812	—	—
155 Merchants' Wharf N/A 2 bd · 2 ba · 1,600 sqft
80 John Street 2 bd · 2 ba · 1,000 sqft
135 East Liberty Street 3 bd · 2 ba · 800 sqft
342 Spadina Road 3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue 2 bd · 1 ba · 700 sqft
68 Abell Street 2 bd · 2 ba · 600 sqft

155 Merchants' Wharf N/A
2 bd · 2 ba · 1,600 sqft
80 John Street
2 bd · 2 ba · 1,000 sqft
135 East Liberty Street
3 bd · 2 ba · 800 sqft
342 Spadina Road
3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue
2 bd · 1 ba · 700 sqft
68 Abell Street
2 bd · 2 ba · 600 sqft

More in this building

3 for sale at 3 Marine Parade Dr — plus its sale and lease history.

See all of 3 Marine Parade Dr

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Mimico GO StationLakeshore West GO2.2 km
Jane StationLine 22.3 km
Runnymede StationLine 22.4 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Mimico GO Station (Lakeshore West GO)2.2 km
Jane Station (Line 2)2.3 km
Runnymede Station (Line 2)2.4 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Mimico GO Station
2.2 kmClosest· Lakeshore West GO
Homes near Mimico GO Station
Jane Station
2.3 km· Line 2
Homes near Jane Station
Runnymede Station
2.4 km· Line 2
Homes near Runnymede Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 3 Marine Parade Dr #1402. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 3 Marine Parade Dr #1402

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,989; 20% down · 25 years · 5.5% assumed
Property tax: $447; 0.66% mill rate · ON
Total per month: $4,436; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,989

/mo

based on the purchase price of $812,000

Down payment20%

$162,400 cash

Amortization25 yr

$649,600 financed

Rate5.50%

$547,134 total interest

Principal54%$649,600

Interest46%$547,134

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 3 Marine Parade Dr #1402 with a licensed buyer's agent

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Questions About 3 Marine Parade Dr #1402

How much is 3 Marine Parade Dr #1402 listed for?

3 Marine Parade Dr #1402 is listed at $812,000 (MLS® W14027528). Summitly updates the price as soon as the MLS® record changes.

Is $812,000 a good price for 3 Marine Parade Dr #1402?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 3 Marine Parade Dr #1402 changed?

No — 3 Marine Parade Dr #1402 is still listed at its original asking price of $812,000.

How many bedrooms and bathrooms does 3 Marine Parade Dr #1402 have?

3 Marine Parade Dr #1402 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 3 Marine Parade Dr #1402 close to transit?

The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 2.2 km in a straight line. Jane Station is about 2.3 km, and Runnymede Station is about 2.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 3 Marine Parade Dr #1402?

About $3,989 a month — principal and interest on $812,000 with 20% down ($162,400), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 3 Marine Parade Dr #1402 compare with other homes in Toronto?

Its asking price of $812,000 is about 4% below the median sold price in Toronto over the last 90 days, $848,000, across 9,685 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 3 Marine Parade Dr #1402 been sold before?

Summitly has no earlier MLS® sale or lease of 3 Marine Parade Dr #1402 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 3 Marine Parade Dr #1402?

3 Marine Parade Dr #1402 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 3 Marine Parade Dr #1402 been on the market?

3 Marine Parade Dr #1402 was listed today (October 13, 2026).

What is the price per square foot of 3 Marine Parade Dr #1402?

About $677 to $812 per square foot: the asking price of $812,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 3 Marine Parade Dr #1402 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know