$1,788,000 - 2045 Lake Shore Boulevard Unit 3507, Liberty Village
Condo for Sale in Liberty Village
Popular ListingNeighbourhood: Mimico
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- MLS Number
- W13820704
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 3,250 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2026)
- $8,034
- Maintenance Fees
- $3,803/mo
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Welcome to award-winning Palace Pier in the heart of Humber Bay Shores! Situated high above the waterfront on the 35th floor, this rarely available, exceptionally spacious 3,257 sf residence captures breathtaking panoramic views of Lake Ontario and the Toronto skyline through expansive, floor-to-ceiling windows in every principal room. This extraordinary suite showcases a massive combined living and dining room with marble floors, a striking stone water feature, andwalls of windows & an enclosed balcony overlooking the lake, a family-sized kitchen with white cabinetry and centre island, a coveted family room with built-ins and sweeping, unobstructed waterfront views, three generous bedrooms including a refined primary retreat with wall-to-wall windows framing the lake, an oversized walk-in closet, a private enclosed balcony and a 4-piece ensuite, a dedicated office with lake views and built-in bookshelves, a second full bathroom, a convenient powder room, ensuite laundry and multiple storage closets. Well maintained and comfortable to enjoy as it is, this suite also offers the opportunity to renovate and personalize to your taste. Two parking spaces and one locker included. Set on nine acres of land, Palace Pier is renowned for its state of the art amenities, including 24-hour concierge and security, valet parking, a complimentary private shuttle to Union Station and Sherway Gardens, indoor saltwater pool, hot tub, sauna, fitness and yoga studios, tennis and squash courts, golf simulator, putting green, rooftop entertaining space, party room, billiards room, guest suites and more! All-inclusive maintenance fees add to the convenience of waterfront living at Palace Pier. Steps to waterfront trails, parks, marinas, restaurants and cafes, with easy access to downtown Toronto, TTC and major highways. A distinctive waterfront residence offering impressive proportions, panoramic vistas and resort-style amenities in one of Toronto's most recognized condo residences.
Estimate your monthly payments for this property
Estimated Payment
$7,908.93/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 3507, 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 $550/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.
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 $3803/month fees should cover building insurance, common elements, and reserve contributions.
Larger Home Realities
At 3,250 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Liberty Village. Good resale value as demand remains consistent.
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 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.