$689,000 - 2220 Lake Shore Boulevard Unit 302, Liberty Village
Condo for Sale in Liberty Village
New — Listed 5 days agoNeighbourhood: Mimico
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- MLS Number
- W13855472
- Property Type
- Condo
- Status
- active
- Days on Site
- 5
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2025)
- $2,730
- Maintenance Fees
- $675/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CITY
A rare condo that lives as beautifully outdoors as it does inside. This exceptional terrace suite at Westlake features an exceptional oversized private terrace-an incredible extension of the living space with room to entertain, dine outdoors, garden, or simply unwind against the peaceful backdrop of Mimico Creek and the surrounding ravine.Inside, the thoughtfully designed 776 sq. ft. layout offers two bedrooms and two bathrooms, with an open-concept living and dining area that walks directly out to the terrace. The modern kitchen is finished with a centre island, stone countertops, mosaic glass backsplash, double sink and contemporary lighting. The primary bedroom includes a walk-in closet, private ensuite and tranquil ravine views.Owned underground parking and a locker are included. Residents of Westlake enjoy an impressive collection of amenities, including concierge service, an indoor pool, fitness centre, sauna, games room and party room.Everything you need is conveniently located within the Westlake community, with Metro, Starbucks, banks, shops and everyday services just steps from your door. Enjoy easy access to the waterfront, Humber Bay Shores, parks, trails, the marina and public transit, with convenient connections to downtown Toronto, Pearson Airport and Mississauga.An extraordinary terrace, a full-service condominium community and one of Mimico's most convenient lifestyle locations-this is urban living with room to breathe.
Estimate your monthly payments for this property
Estimated Payment
$3,534.93/mo
Includes CMHC insurance ($19,223)
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.
2220 Lake Shore Boulevard Unit 302, 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 $984/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Liberty Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $675/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.