$4,700/mo - 1 Palace Pier Court Unit 2305, Liberty Village
Condo for Rent in Liberty Village
Popular ListingNeighbourhood: Mimico
- MLS Number
- W13486234
- Property Type
- Condo
- Status
- active
- Days on Site
- 11
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- AXON CAPITAL REALTY ADVISORS INC.
Stunning Lake Views In Luxurious Palace Place Grand 2 Bedroom, 2 Bath And Large Den Plus Parking Plus Locker Including All Utilities. This Renovated Suite Offers A 5-Star Lifestyle In A Landmark Building. Beautiful Water Views And Harbourfront Views Of Lake Ontario. Smooth Ceiling, Marble Tile Floor In Hallways & Bathrooms, New Laminate In Living, Dining, Solarium & Bedrooms. New Stainless Steel Fridge, Stove & Dishwasher And Large Pantry In Kitchen. Large Window With Incredible Water View In Master Bedroom, Large Walk-In Closet With Built-Ins & 5 Piece Ensuite With Double Sink, Soaker Tub & Separate Shower. Rogers Cable Included & Exclusive Rogers Internet Package Available for Additional Cost. Luxury Amenities Includes Private Shuttle Bus Service to Union Station, Cloverdale Mall, Sherway Gardens And More, Valet Parking, 24Hr Concierge, Roof Top Lounge & Observation Deck, Business Centre, 6 Guest Suites, Tuck Shop Putting Green, 2 Indoor Driving Ranges, Well Equipped Gym.
Waterfront Revival
Mimico is a revitalised waterfront neighbourhood in south Etobicoke that has transformed from a quiet residential enclave into a dynamic lakeside community. New condominium developments along the lakeshore complement the area's established tree-lined streets and village character. The Mimico GO Station and TTC streetcar provide strong transit options, while the waterfront trail offers scenic recreation.
Why Live in Mimico
- •Lake Ontario waterfront access and trail
- •Revitalised village atmosphere with new development
- •Mimico GO Station for fast downtown commuting
- •Mix of new condominiums and character homes
- •Growing restaurant and retail scene
Nearby Schools
Transit & Commuting
- •Mimico GO Station on the Lakeshore West line
- •TTC 501 Queen streetcar
- •Lakeshore West GO line to Union Station
- •Easy access to Gardiner Expressway
Parks & Amenities
- •Humber Bay Park
- •Mimico waterfront trail
- •Amos Waites Park
- •Mimico Centennial Library
- •Local shops along Royal York Road
Lifestyle & Community
Mimico offers a rejuvenated waterfront lifestyle with strong transit connections and a growing dining scene. Residents enjoy lakeside walks, waterfront cycling, and easy commuting to downtown Toronto.
1 Palace Pier Court Unit 2305, Liberty Village / Parkdale / South Parkdale
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $4,700/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Liberty Village. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Mimico
I know Mimico well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.