$988,800 - 182 Lakeshore Drive, Liberty Village
Detached for Sale in Liberty Village
32 days on marketNeighbourhood: New Toronto
- MLS Number
- W13247700
- Property Type
- Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
Offered on the market for the very first time, this rare property on Lake Shore Drive presents a historic, once-in-a-generation opportunity for luxury builders, premium investors, and families seeking their ultimate forever home. Built by the original owners and proudly held by a single family across decades, this premium parcel serves as an elite blank slate to construct an architectural masterpiece boasting breathtaking, unobstructed views of Lake Ontario.Situated in one of the area's most prestigious waterfront corridors, the location offers an unparalleled lifestyle. Step directly onto the Etobicoke Waterfront Trail for peaceful morning walks, or take a short stroll to Twelfth Street Parkette and the lush greenspaces of nearby Elizondo Point. This incredible location places you just steps away from Rotary Park and Colonel Samuel Smith Park, offering a vibrant, year-round outdoor lifestyle complete with swimming, tennis, and an iconic outdoor skating trail.Beyond the relaxed, resort-like shoreline atmosphere, the property offers superb practical convenience with fast access to major highways and transit options for an effortless commute. This exceptional lot pairs tranquil, prestigious living with an unmatched neighborhood profile, making it the perfect foundation to plant deep roots, write your own family history, and build a spectacular legacy home to be treasured for generations to come.
Estimate your monthly payments for this property
Estimated Payment
$5,073.06/mo
Includes CMHC insurance ($27,588)
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.
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
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.
182 Lakeshore Drive, 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
Fair Market Value
At $899/sqft, this property is priced in line with current Liberty Village market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 32 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.
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 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.
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 $4,120 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.