116 Seventh Street, Toronto W06

Price: $1,350,000

5 bedrooms, 3 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: W13539592

Great Opportunity To Live By The Lake! Enjoy Life, Indoors & Out. In This Stylish & Tastefully Updated 3 Bedroom Sweet Family Home! Well-Loved & Move-In Ready! Sep Entrance Basement and Kitchen. Walk To Waterfront Trails W/ Shops, Restos & Streetcar For Easy Access To Downtown. This Incredible Home & Neighbourhood Has It All. Incredible Value W/ So Much Potential! Don't Miss Out On This Opportunity!

116 Seventh Street - Detached photo 1 of 33 in Liberty Village / Parkdale / South Parkdale, Ontario
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$1,350,000 - 116 Seventh Street, Liberty Village

Detached for Sale in Liberty Village

Neighbourhood: New Toronto

5Beds
3Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
W13539592
Property Type
Detached
Status
active
Days on Site
19
Bedrooms
5
Bathrooms
3
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Lot Size
3,132 sqft
Listing Brokerage
KW Living Realty
Description

Great Opportunity To Live By The Lake! Enjoy Life, Indoors & Out. In This Stylish & Tastefully Updated 3 Bedroom Sweet Family Home! Well-Loved & Move-In Ready! Sep Entrance Basement and Kitchen. Walk To Waterfront Trails W/ Shops, Restos & Streetcar For Easy Access To Downtown. This Incredible Home & Neighbourhood Has It All. Incredible Value W/ So Much Potential! Don't Miss Out On This Opportunity!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,971.51/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,080,000Interest: $711,452
Mortgage Amount$1,080,000
Total Interest$711,452
Est. Property Tax$956/mo
Total Cost$1,791,452

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.

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Neighbourhood Guide: New Toronto

Discover New Toronto

New Toronto is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in New Toronto

  • Convenient location in Liberty Village / Parkdale / South Parkdale
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

New Toronto offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

116 Seventh Street, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$956
Insurance (est.)-$281
Net Cash Flow+$2,363

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1227/sqft, this property is priced above the Liberty Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 19 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.

Detached Home Advantages

Detached homes in Liberty Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Liberty Village.

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 New Toronto

I know New Toronto 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.

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    116 Seventh Street | $1,350,000 | Battaglia Team