$779,000 - 10 Drummond Street Unit 505, Liberty Village
Condo for Sale in Liberty Village
44 days on marketNeighbourhood: Mimico
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- MLS Number
- W13706128
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2026)
- $3,737
- Maintenance Fees
- $538/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
Welcome to stylish urban living in the heart of Mimico! **NOTE 2 PARKING SPOTS** This bright and spacious 3-storey stacked townhouse offers 2 bedrooms, 3 bathrooms, 2 private balconies and an incredible private rooftop terrace - the ultimate outdoor space for entertaining, relaxing, summer BBQs or enjoying warm evenings under the stars. Freshly painted from top to bottom and filled with natural light, this move-in-ready home offers a functional multi-level layout with a great balance of comfortable living space and privacy, while multiple outdoor areas make this home truly stand out. Thoughtful upgrades include Hunter Douglas automated smart blinds, high-end appliances and hard-surface flooring throughout, while two owned parking spaces and a large storage locker add valuable everyday convenience. Location is hard to beat! With Mimico GO Station directly across the street, commuting is a breeze, getting you to Union Station in 15 minutes, while the iconic SanRemo Bakery is just down the street. Enjoy easy access to restaurants, shopping, parks, the Waterfront, and everything Mimico has to offer!
Estimate your monthly payments for this property
Estimated Payment
$3,996.67/mo
Includes CMHC insurance ($21,734)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
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.
10 Drummond Street Unit 505, Liberty Village / Parkdale / South Parkdale
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $779/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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. The $538/month fees should cover building insurance, common elements, and reserve contributions.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.
Investment Perspective
Looking at this as an investment: Liberty Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.