$1,636,500
38 Algoma Street, Toronto, ON M8Y 1C3


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Toronto, ON M8Z 1H1
4 Bed · 2 Bath · Detached
MLS #W13427600
Sold on September 29, 2026
September 29, 2026
Originally listed at $699,999 12 days on market
Attention builders, investors, renovators, and end users. This is an exceptional opportunity in the highly sought-after community of Mimico. This two-bedroom bungalow is being sold as-is and offers outstanding potential to renovate, rebuild, or invest in one of Etobicoke's most desirable lakeside neighbourhoods. Situated on a generous 40 x 120-foot lot, the property presents a rare land-value opportunity with endless possibilities. A side entrance and separate access provide excellent potential for an income-generating suite or future rental opportunities. This home offers an unbeatable lifestyle just steps from Humber Bay Shores and the waterfront. The location provides convenient access to top-rated schools, Sherway Gardens, Mimico GO Station, TTC transit, local shops, restaurants, cafés, and the beloved SanRemo Bakery. Commuting is effortless, with quick access to downtown Toronto by car, GO Transit, or TTC, making this an ideal location for both families and professionals. Whether you're looking to build your dream home, complete a renovation project, or secure a valuable investment property, this represents a rare opportunity to unlock the full potential of a prime Mimico property. Enjoy the best of south Etobicoke with parks, lakeside trails, transit, shopping, dining, and everyday amenities all within easy reach.
Bedrooms
4
Bathrooms
2
Square Feet
700-1100 sqft
Property Type
Detached
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| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Living Room(Main) | 3.14 x 4.72 | 10.3 x 15.5 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Kitchen(Main) | 2.74 x 6.49 | 9.0 x 21.3 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Primary Bedroom(Main) | 3.74 x 3.07 | 12.3 x 10.1 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
| Bathroom(Main) | 1.71 x 2.01 | 5.6 x 6.6 | - |
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Original List Price
$699,999
Listed on Jun 9, 2026
Sold Price
$815,000
Sold on Sep 29, 2026
+$115,001
16.4%
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Your Agent
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Contact OVAIS QASSIM
414 Melrose Street, Toronto, ON M8Z 1H1 is a 4-bedroom, 2-bathroom bungalow detached with approximately 700-1100 square feet of living space, situated on a 40 120 foot lot. This property is currently sold (sold for $815,000). The home features a detached garage and a partially finished basement.
This home is located in Mimico, part of Toronto W06 in the Toronto area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in Mimico, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
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