Welcome to one of the largest suites in "Hearthstone by the Bay". Retirement living with a country club atmosphere. Space for all the furniture from your home. Open Concept Principle Rooms perfect for entertaining. Sun filled Breakfast room. Two Spacious bedrooms, primary with tandem sunroom or convenient office, second has a walkout to a balcony. Stroll to Humber Bay Park, Waterfront trails or a variety of services and restaurants. The mandatory club fee of $1990.85 + HST includes a variety of services and amenities, including a credit of $298.40 towards the onsite restaurant - You really must try their Tomato Basil soup! - four hours of housekeeping per month, 24 hour nurse on duty, a vibrant social committee and monthly agenda, fitness classes and shuttle bus service. Should you need additional services and health care are available a la carte. A second occupant is charged at $274.34 + HST per month. Exceptional front desk concierge always willing to help. Fantastic resort style amenities: Games Room with pool table, Library, Dining Room, Pub, Outdoor terraces, Fitness Centre and Hydra Pool, Movie Theatre & Hair Salon. A condo to own with parking and locker and a community to belong to. "Other" are two open air balconies.
2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $499 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 #506
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1200-1399 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
Other
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
Other
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
3 Marine Parade Dr #506 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14104082$599,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 3 Marine Parade Dr #506 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,943
/mo
based on the purchase price of $599,000
$119,800 cash
$479,200 financed
$403,612 total interest
Principal54%$479,200
Interest46%$403,612
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $599K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,798Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale at 3 Marine Parade Dr — plus its sale and lease history.
3 Marine Parade Dr #506 is listed at $599,000 (MLS® W14104082). Summitly updates the price as soon as the MLS® record changes.
Is $599,000 a good price for 3 Marine Parade Dr #506?
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 #506 changed?
No — 3 Marine Parade Dr #506 is still listed at its original asking price of $599,000.
How many bedrooms and bathrooms does 3 Marine Parade Dr #506 have?
3 Marine Parade Dr #506 has 2 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo in Toronto.
Is 3 Marine Parade Dr #506 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 #506?
About $2,943 a month — principal and interest on $599,000 with 20% down ($119,800), 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 #506 compare with other homes in Toronto?
Its asking price of $599,000 is about 29% below the median sold price in Toronto over the last 90 days, $842,000, across 9,226 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 #506 been sold before?
Summitly has no earlier MLS® sale or lease of 3 Marine Parade Dr #506 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 3 Marine Parade Dr #506?
3 Marine Parade Dr #506 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3 Marine Parade Dr #506 been on the market?
2 days — 3 Marine Parade Dr #506 was listed on October 21, 2026.
What is the price per square foot of 3 Marine Parade Dr #506?
About $428 to $499 per square foot: the asking price of $599,000 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 3 Marine Parade Dr #506 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
