$747,000 - 185 Legion Road Unit PH7, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- W13754080
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2025)
- $2,850
- Maintenance Fees
- $1,111/mo
- Locker
- Ensuite+Common
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS PORTFOLIO REALTY
Set high above the city, this stunning 1015 sq ft penthouse offers an elevated lifestyle defined by light, views, and effortless sophistication. Floor-to-ceiling windows flood the space in natural light while capturing breathtaking vistas of the lake and CN Tower. Day or night, the backdrop is simply unforgettable. Open-concept living and dining areas flow seamlessly into a modern kitchen with a generous breakfast bar, perfect for entertaining or quiet mornings. The primary suite is a serene retreat featuring a walk-in closet and a spacious ensuite designed for true relaxation, while the second bedroom offers ideal flexibility for guests, a home office, or additional living space. Residents enjoy a true resort-inspired lifestyle with an outdoor pool, sundeck and track, full fitness centre with yoga and cycling studios, sauna and squash court, along with business, entertainment and social spaces-plus the added value of heat, hydro, and water included in the maintenance fees. Thoughtfully finished, exceptionally bright, and impressively private, this penthouse delivers a rare sense of openness in a vibrant waterfront community just moments away from trails, transit, and city conveniences. A must-see for those seeking expansive views, sun-filled interiors, and a lifestyle at the very top.
Estimate your monthly payments for this property
Estimated Payment
$3,832.50/mo
Includes CMHC insurance ($20,841)
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.
185 Legion Road Unit PH7, Liberty Village / Parkdale / South Parkdale
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $747/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.
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 $1111/month fees should cover building insurance, common elements, and reserve contributions.
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 $3,113 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.