$1,798,000 - 357B Melrose Street, Liberty Village
Detached for Sale in Liberty Village
Neighbourhood: Mimico
- MLS Number
- W13460580
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- Royal LePage Real Estate Associates
Experience exceptional custom-built luxury where every detail has been thoughtfully designed & expertly crafted. Featuring premium imported Italian windows, custom Italian cabinetry, Italian quartz surfaces, Italian bathroom vanities & custom Italian interior doors with premium hardware, flush-mount hinges & magnetic latch systems, this home showcases quality at every turn. The stunning open-concept main floor is highlighted by soaring ceilings, contemporary finishes & an impressive chef-inspired kitchen complete with a Bertazzoni gas range & premium Miele appliances.Offering 5 spacious bedrooms & 4 beautifully appointed bathrooms, the home blends elegance with everyday functionality. Enjoy integrated speakers & a smart security system, upper-level laundry & a luxurious primary retreat featuring a spa-inspired 5-piece ensuite with a steam shower & soaker tub.The fully finished lower level offers 13-ft ceilings in the bedroom, 11-ft ceilings in the main living area, in-floor heating throughout, a wet bar & a floor-to-ceiling walkout to the south-facing backyard. Designed to maximize natural light & openness, this bright, spacious & versatile space is ideal for an in-law or nanny suite.Outdoor living is equally impressive with a fully fenced backyard, oversized patio & upper-level deck, creating the perfect setting for entertaining family & friends. The property also offers parking for 4 vehicles.Situated in 1 of the area's most desirable lakeside communities, this exceptional residence offers the perfect balance of luxury & convenience, just minutes from downtown & the airport. Enjoy walking access to local favourites, village amenities, transit & waterfront attractions. This is a rare opportunity to own a truly remarkable home in a sought-after family-friendly neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$7,953.16/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.
357B Melrose Street, 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 $899/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 15 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.
Detached Home Advantages
Detached homes in Liberty Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Liberty Village.
Bathroom Count Matters
With 4 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.