$1,299,999 - 2045 Lake Shore Boulevard Unit 2904, Liberty Village
Condo for Sale in Liberty Village
33 days on marketNeighbourhood: Mimico
- MLS Number
- W13220606
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Presenting unmatched, outstanding value at approximately $465 per sq ft and all-inclusive luxury living for only $1.11/sq ft condo fees. A rare opportunity to own exceptional space, value and lifestyle rarely seen in Toronto's luxury waterfront market. Welcome to Suite 2904 at Palace Pier - an extraordinary 3-bedroom, 3-bath residence offering 2,777 sq ft of beautifully appointed living space. This expansive residence delivers the scale and comfort of a home with the convenience of elevated condo living, featuring two private entrances, two balconies, side-by-side parking and locker. Pictures speak for themselves: open-concept Chef's kitchen showcasing a wraparound quartz island and premium appliances. Enhanced ceiling lighting, illuminated stone feature walls and hardwood-style laminate flooring elevate the sophisticated interior. Upper level offers spacious bedrooms including a luxurious spa-inspired 6-piece ensuite featuring soaker tub and glass-enclosed shower. But the value extends well beyond the suite. Monthly maintenance fees represent approximately $1.11 per sq ft and include heat, hydro, water, Bell Fibe TV and high-speed internet, free movie channels, central A/C, building insurance, parking and access to one of Toronto's most comprehensive luxury amenity offerings: 24-hour Concierge & Security, Valet Parking & Visitor Valet, EV Charging Stations & Car Wash, Exclusive Private Shuttle Service to Downtown Offices, Premium Culinary Restaurant Dining, State-of-the-Art Fitness Centre, Indoor Saltwater Pool, Hot Tub & Sauna, Tennis & Squash Courts, Golf Simulator & Putting Green, Private Rooftop Club & Party Facilities, Full-Service Spa & Salon, Convenience Shop & Dry Cleaning Services, Guest Suites, Games Room, Library, Arts Studio and more. Where else can you find nearly 2,800 sq ft of luxury waterfront living in Toronto at approximately $465 per sq ft with all-inclusive resort amenities for only $1.11 per sq ft in maintenance fees?
Estimate your monthly payments for this property
Estimated Payment
$5,750.33/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.
2045 Lake Shore Boulevard Unit 2904, 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 $473/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 33 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. We'll want to verify the monthly fees and what they include.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.
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.