$1,988,888 - 172 Royal York Road, Liberty Village
Multi-Family for Sale in Liberty Village
Neighbourhood: Mimico
- MLS Number
- W13417244
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 29
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Welcome To An Extraordinary, Unique Offering In The Heart Of Mimico. This Fully Customized, Three-Storey Residence Has Been Masterfully Designed With The Future In Mind, Delivering Ultimate Versatility, And Outstanding Income Potential. This Versatile Property Can Function Beautifully As A Spacious Single-Family Home For Multi-Generational Living, An Owner-Occupied Investment Where Rental Income Helps Offset Your Mortgage, Or A Full Income Property With Three Self-Contained Units, Each Featuring Its Own Separate Entrance. Offering A 5+1 Bedroom And 6-Bathroom Layout, It Is The Perfect Match For Savvy Investors Or Families Seeking Space, Privacy, And Long-Term Value. Impeccably Constructed, The Home Showcases Energy-Efficient Spray Foam Insulation And Enhanced Soundproofing For Low Utility Costs And Exceptional Peace And Quiet. Premium Finishes Elevate Every Corner, Including Chic Pot Lighting, Custom Cabinetry, Spa-Inspired Ensuite Baths, Durable Luxury Vinyl Flooring, And Oversized Windows Flooding Each Level With Natural Light. The Main Residence Offers Exceptional Flexibility, Beginning With A First Level Featuring 9-Foot Ceilings, A Bedroom With A Private Entrance And Ensuite, And An Open-Concept Living Area With A Striking Quartz Waterfall Island. Upstairs, Well-Appointed Bedrooms Boast Their Own Ensuite Baths, Private Outdoor Spaces, And Thoughtful Layouts Tailored For Semi-Independent Living Or Premium Rental Income. Adding To The Appeal Is A Stylish, Loft-Style Living Area With Its Own Entrance, Allowing It To Remain Connected Or Be Fully Partitioned Off. Below, A Bright, Separate Lower-Level Suite Includes An Open-Concept Kitchen, Bedroom, Ensuite, And Private Laundry. Set On An Expansive Lot, The Property Accommodates Parking For Up To 8 Vehicles And Features A Detached Storage Shed. Best Of All, You Are Located Just Steps From Humber College, The Famous Sanremo Bakery, Waterfront Trails, Transit, The Go Station, And Major Highways.
Estimate your monthly payments for this property
Estimated Payment
$8,797.52/mo
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.
172 Royal York Road, Liberty Village / Parkdale / South Parkdale
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Rental income estimator & ROI calculator
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 $796/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 29 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.
Excellent Flexibility
With 6 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 6 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 $8,287 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.