$818,000 - 2087 Lake Shore Boulevard Unit 1504, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
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- MLS Number
- W13765084
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2025)
- $3,748
- Maintenance Fees
- $1,600/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- HOME STANDARDS BRICKSTONE REALTY
Finest waterfront condos along the Etobicoke Lakefront walking/Biking Trail, acres of parks, beaches, and waterfront activities. Neighboring trendy restaurants, grocery stores, cafes within steps away, convenience is at your doorstep, Gorgeous views of the water and the city skyline from every room and huge South-East facing balcony, No obstruction at this level, with Forever guaranteed, Large 2-bedrooms overlooking the Ontario Lake and spacious/hinged door Den for 3rd bedroom or office. Custom kitchen with built-in breakfast bar, quartz counters, and stainless steel appliances, 9' ceilings throughout and gas BBQ hookup on the balcony, Whole laminate flooring throughout the unit, . Commuters dream - direct access to public transit, with quick connections to downtown Toronto and the Airport, plus easy access to the Gardiner Expressway and QEW. Don't miss this incredible opportunity to live in one of Toronto's most coveted waterfront locations
Estimate your monthly payments for this property
Estimated Payment
$4,196.76/mo
Includes CMHC insurance ($22,822)
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.
2087 Lake Shore Boulevard Unit 1504, 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
Fair Market Value
At $818/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 27 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 $1600/month fees should cover building insurance, common elements, and reserve contributions.
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 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 $3,408 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.