Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

98 Hay Avenue, Toronto, ON M8Z 1G4

3+2 beds · 2 baths · 1+1 kitchens · 6+2 rooms · 5 parking spaces · 700-1100 sq ft · Detached
$1,280,000
Property tax
$5,118 / year

TOP-TO-BOTTOM RENOVATED DETACHED BUNGALOW IN MIMICO 98 Hay Ave | Toronto, Welcome to the stunning 98 Hay Ave, an inviting detached bungalow in the heart of Mimico, offering the perfect blend of modern comfort, thoughtful updates, and future potential. Beautifully renovated from top to bottom, this home features 3+2 bedrooms, 2 bathrooms, a separate Finished basement entrance, and a detached garage, making it an excellent opportunity for families, multi-generational living, or buyers seeking flexibility. Set on an impressive 32.54 X 158.44 ft lot, the property offers an exceptional combination of indoor space, outdoor potential, and a highly desirable Toronto location. Property Highlights: Top-to-bottom renovated detached bungalow; 3+2 spacious bedrooms; 2 bathrooms; separate basement entrance; detached garage; generous 32.54 X 158.44 ft lot. Bright, inviting living spaces. Excellent opportunity for families and investors. Prime Mimico location near parks, schools, transit, shopping, major highways & Lake Ontario. A beautifully updated home, a remarkable lot, and a location that continues to attract discerning buyers.

MLS number
W13683762
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
2
Postal code
M8Z 1G4
Photos
41
Laundry
Not in the unit
27days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

George R Gauld Junior School7.3 / 10
Elementary · Regular Track
TDSB boundary
Lakeshore Collegiate Institute5.9 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Mildenhall School, TheElementary382 mNot reported
Oak LearnersElementary398 mNot reported
Oak LearnersElementary408 mNot reported
St Louis Catholic School
Toronto CDSB
Elementary889 m7.7 / 10
77% met the standard
Al-Ikhlaas Foundation SchoolElementary and secondary722 mNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Mimico151 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$1.03M$1.27M$1.51M20252026this home’s asking price
$1.07Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
0d11d22d20252026
15dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in mimico. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 443 people.

$92,000Median household income
77.4%Own their home
58.1%Detached houses
40.8Median age
53.4%Born outside Canada
28.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204683 — the few blocks around this address, home to 443 people. It describes the area, not this property.

443Population
41.6Average age
2.8Household size
$158,000Average household income
$92,000Median household income
77%Own their home
23%Rent
0%Condominiums
53%Born outside Canada
29%University degree
$1,140,000Average home value
4%Low income
57%Not in the labour force
32%Never married
$25,000 to $29,9992%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9997%
$90,000 to $99,9992%
$100,000 and over33%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,99911%
$200,000 and over11%

Percentages are of the 225 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$256,000 · minimum here is $103,000
$5,667.56per month
Borrowed before insurance$1,024,000
Total borrowed$1,024,000
Interest over 25 years at 4.5%$676,269

If you rented it out

-$6,094.06per month out of pocket
Rent$0.00
Everything it costs to hold$6,094.06
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 5 still in progress.

464 ROYAL YORK RD319 m
Under Review · applied December 18, 2025

Proposed redevelopment of the subject property with a 12-storey apartment building containing 112 purpose-built rental apartment dwelling units.

City planning file →
430 ROYAL YORK RD324 m
Under Review · applied March 3, 2023

The application seeks to redevelop the property by demolishing the existing two-storey mixed-use building and construct a new eight-storey mixed-use purpose built rental building with 54 residential units, one commercial unit at-grade totaling 111 square metre…

City planning file →
7 QUEEN ELIZABETH BLVD389 m
OMB Appeal · applied May 10, 2022

Proposal for a mixed-use development consisting of three buildings on two parcels

City planning file →
365 ROYAL YORK RD480 m
NOAC Issued · applied October 20, 2021

Site Plan Control application for the development of a 10-storey mixed-use building including a total of 282 dwelling units, 870 square metres of non-residential gross floor area and 206 parking spaces within a two-level underground garage.…

City planning file →
365 ROYAL YORK RD480 m
OMB Appeal · applied August 11, 2021

Zoning By-law Amendment for the development of a 10-storey mixed-use building including a total of 280 dwelling units, 743 square metres of non-residential gross floor area and 141 parking spaces within a two-level underground garage.…

City planning file →
464 ROYAL YORK RD319 m
Closed · applied February 9, 2024

An application to amend the Official Plan and Zoning By-law to permit the redevelopment of the property with a 12-storey purpose built rental apartment building containing 113 residential dwelling units. A total of 55 parking spaces are proposed.…

City planning file →
431 ROYAL YORK RD378 m
Closed · applied December 3, 2015

Part Lot Control application in connection with the creation of 14 lots which will facilitate 14 freehold townhouse units

431 ROYAL YORK RD378 m
Closed · applied December 3, 2015

Draft Plan of Condominium (Common Elements) in connection with the development of 14 freehold townhouse units.

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by RD&CO. REALTY INC. Listing data provided by the Toronto Regional Real Estate Board.