$745,900 - 256 ROYAL YORK Road Unit 114, Liberty Village
Condo for Sale in Liberty Village
New — Listed 6 days agoNeighbourhood: Mimico
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- MLS Number
- W13848010
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2025)
- $3,131
- Maintenance Fees
- $404/mo
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
The Royal York! Prestigious Urban Towns Nestled in the heart of vibrant Mimico, steps to LAKE Ontario, Mimico GO Station & TTC, top rated schools, parks, major grocery stores, rec centres & Toronto Public library; surrounded by lively restaurants, bars, & cafes, easy access to Gardiner/QEW & HWY 427. Enjoy everything at your fingertips making commute in all directions a breeze. The perfect balance between work, live, & play! Presenting this young, corner stacked town offering 2 beds, 2 baths, over 1000sqft of LOW-maintenance single-level living space w/ parking. Calling all first-time home buyers & buyers looking to downsize! Bright naturally-lit foyer presents open-concept versatile layout. Large front living room ideal for family entertainment with an abundance of windows providing North & East exposure. *Hardwood flooring thru-out the common areas* Formal dining space precisely designed for buyers looking to host. Eat-in family style kitchen upgraded w/ tall custom cabinetry, quartz counters, SS appliances, Dedicated Walk-in pantry, & breakfast bar. Venture down the hall past the convenient ensuite laundry to the cozy Primary bed w/ walk-through closet into 3-pc hotel style ensuite & private patio balcony exhibiting peaceful views of the courtyard great for kids & pets alike. Spacious 2nd bedroom excellent for home office, childrens bedroom, guest accommodation & much more! RARE opportunity to purchase a spacious 2 bed townhouse in PRIME location. Must See!
Estimate your monthly payments for this property
Estimated Payment
$3,826.85/mo
Includes CMHC insurance ($20,811)
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.
256 ROYAL YORK Road Unit 114, 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 $746/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.
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 $404/month fees should cover building insurance, common elements, and reserve contributions.
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 $3,108 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.