$699,999 - 2240 Lake Shore Boulevard Unit 3104, Liberty Village
Condo for Sale in Liberty Village
32 days on marketNeighbourhood: Mimico
- MLS Number
- W13596086
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
Wake up to breathtaking panoramic views from the expansive wrap-around balcony, where the Toronto skyline sparkles to the east and the Niagara Escarpment stretches across the western horizon. Overlooking Lake Ontario, you'll enjoy front-row seats to sailboats gliding by and the spectacular Toronto Air Show. In the warmer months, extend your living space by 220 sq feet by opening the balcony doors to seamlessly blend indoor and outdoor living, creating an airy space that feels twice as large.Thoughtfully designed, the split-bedroom layout offers exceptional privacy, with the bedrooms separated by a central hallway. The spacious primary suite features a walk-in closet and a private ensuite, while the open-concept kitchen flows effortlessly into the living and dining areas. A generous island with breakfast bar seating makes the perfect gathering place for entertaining or casual meals. A full-size, newer LG washer and dryer (an uncommon luxury in condominium living) adds everyday convenience. Resort-style amenities elevate your lifestyle with an indoor pool, fitness centre, stylish lounge, party room, and games room. The suite also includes owned parking and a locker, along with ample visitor parking for family and friends. Perfectly positioned just moments from the Gardiner Expressway while steps from the waterfront, this exceptional location offers the best of both convenience and nature. Scenic lakeside trails begin right outside your door, inviting morning jogs, evening strolls, and year-round enjoyment of Toronto's beautiful waterfront.
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
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.
2240 Lake Shore Boulevard Unit 3104, 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 $778/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 32 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.
Efficient Living
At 900 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 $2,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.