Before the glass towers marched up Park Lawn and Marine Parade, two communities started Humber Bay's condo story. Marina del Rey, three buildings by Camrost on 13 acres of waterfront finished in 1990 and 1991, and Mystic Pointe, the master planned pocket Camrost built on the north side of Lake Shore through the late 1990s and 2000s. If you want to know why buyers still seek them out, the answer is simple: more square feet per dollar than the new towers, grounds that have had thirty years to grow in, and in Marina del Rey's case, monthly fees that include almost everything. Here is the field guide.
1234567Marina del Rey and Mystic Pointe
1 Marina del Rey I, 2261 Lake Shore Blvd W
2 Marina del Rey II, 2267 Lake Shore Blvd W
3 Marina del Rey III, 2269 Lake Shore Blvd W
4 Warehouse Lofts, 250 Manitoba St
5 Skylofts, 200 Manitoba St
6 Legend, 190 Manitoba St
7 Tides, 185 Legion Rd N© OpenStreetMap contributorsLocator map. Marina del Rey fronts the lake on Lake Shore Boulevard West; the Mystic Pointe lofts sit inland around Manitoba Street and Legion Road. Map data and tiles © OpenStreetMap contributors.
Marina del Rey fronts the water on Lake Shore Boulevard West between the yacht clubs, markers 1 to 3 above. Mystic Pointe sits a short walk northwest, on Manitoba Street and Legion Road north of Lake Shore, markers 4 to 7. Between them runs everything that made this pocket take off: the Waterfront Trail, Humber Bay Park, and the Mimico GO station a little further west.
Marina del Rey: the 1990 original
Photo: Unsplash
Marina del Rey was a statement when it opened and it won the Urban Development Institute's award for best designed community in 1989, before the paint was dry. Three phases, 817 suites, and a private recreation complex called the Malibu Club with an indoor pool overlooking the boardwalk, two squash courts, a tennis court, and a social calendar that newer buildings would envy. Suites run from about 400 square feet up to 2,500, including two level lofts, and the bigger plans are the draw. A 1,200 square foot two bedroom with a real dining room is normal here and nearly extinct in the newer towers.
The fees deserve a plain explanation because they scare people at first glance. Directory listed ranges run from the mid $300s to over $2,000 a month, but at Marina del Rey the fee includes heat, hydro, water, cable and parking. That is a gross fee, meaning utilities are inside the number, where most new towers quote a net fee and you pay utilities on top. Compare the all in monthly cost, not the sticker.
Marina del Rey at a glance |
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Addresses | 2261 Lake Shore Blvd W (Phase 1, MTCC 864, 301 suites) · 2267 (Phase 2, MTCC 912, 264 suites) · 2269 (Phase 3, MTCC 973, 254 suites, 34 storeys) |
Developer / completed | Camrost, 1990 and 1991, 13 acre site |
Suite sizes | About 404 to 2,525 sq ft, including two level lofts |
Amenities | Malibu Club: indoor pool, whirlpool, sauna, two squash courts, tennis court, gym, party room, library, lakefront patio, 24 hour concierge |
Fees include | Heat, hydro, water, cable and parking (all in fee structure) |
Property management | Del Property Management, management office 416-251-9116 |
Mystic Pointe: the north side sequel
Mystic Pointe is a 15 acre master planned community that grew in stages. The anchor is the Warehouse Lofts at 250 Manitoba Street, a 1999 conversion of the old L.J. McGuinness distillery warehouse, and one of the few true hard loft addresses west of the core. The Skylofts at 200 Manitoba Street added 206 soft lofts with serious ceiling height, the boutique Legend building at 190 Manitoba Street brought 104 larger suites, and the Tides at 185 Legion Road North finished the community in 2006 with 304 units and access to the 14,000 square foot Club Ibiza recreation centre, outdoor pool included.
Building | The short version |
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Warehouse Lofts, 250 Manitoba St | 1999 hard loft conversion of the McGuinness distillery warehouse; brick, timber and character you cannot build new |
Skylofts, 200 Manitoba St | 206 loft suites, big windows, popular with buyers priced out of hard lofts |
Legend, 190 Manitoba St | Boutique 10 storey building, 104 suites from about 685 to 1,830 sq ft |
Tides, 185 Legion Rd N | Completed 2006, 304 units from about 455 to 1,015 sq ft; Club Ibiza access; managed by Brookfield Condominium Services, 647-352-6677 |
Management for the other Mystic Pointe corporations varies by building, so confirm the current company and front desk number through the status certificate when you offer. Speaking of which, our guide to reading a status certificate matters double in buildings of this vintage.
Getting to know the Humber Bay condo market? Start here:
The value math in 2026
The whole Toronto West condo market is a buyer's market as we write this. Per TRREB's July 2026 numbers, the average Toronto West condo apartment sold for $616,629 and took about 37 days to sell. Against that backdrop, the originals offer what economists call a vintage discount, which just means older suites trade for less per square foot than new ones, even when the location is identical. You are buying the location and the floor plan, and letting someone else pay the premium for new finishes.
The counterpoints are real. Thirty five year old buildings carry thirty five year old mechanical systems, and big ticket projects like garages, windows and elevators land on the reserve fund. A healthy reserve in a building this age is a sign the corporation has been doing the work all along; a thin one is a warning. Fees that include hydro also blunt the incentive to conserve, which nudges costs up over time. None of this is disqualifying. All of it is checkable, in the status certificate, before you are committed. What would change our read on the whole pocket: a funded Park Lawn GO station would lift every address here, and a wave of new Lake Shore supply would stretch the vintage discount wider before it narrows.
Who the originals fit
Buyers who keep losing space battles in the new towers. Downsizers who want a real second bedroom and a wall for the art. Loft people, for whom the Warehouse Lofts are one of the west end's few true options. And value hunters who understand that a mature building with utilities in the fee can cost less per month, all in, than a newer suite with a smaller sticker fee. If that is you, this pocket has been quietly delivering it since 1990.
Want a second opinion on a specific building or unit? Get in touch, or explore our neighbourhood guides for the rest of the waterfront.
Dave Dubbin
Etobicoke Real Estate Expert
Dave Dubbin & Associates
Real Estate Broker for Etobicoke and Toronto
Sotheby’s International Realty, Canada
