$709,000 - 36 Park Lawn Road Unit 505, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
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- MLS Number
- W13764256
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2026)
- $3,468
- Maintenance Fees
- $735/mo
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- UNION CAPITAL REALTY
This is Lake Ontario!! This is what it's like to live at Humber Bay Shores. Come home, turn the corner and immediately see floor-to-ceiling windows framing greenery in every direction. This bright and spacious 865 sq. ft. corner unit offers an open-concept layout where the kitchen, dining and living spaces flow naturally together, with each space opening onto one of two balconies. Both bedrooms feature large windows, bringing in plenty of natural light, and two full luxurious bathrooms with sleek glass-enclosed showers.Step outside and Humber Bay Shores is right at your doorstep, with waterfront parks, walking and biking trails and the marina just steps away, along with restaurants, cafés and the everyday conveniences that make life easy. Groceries, healthcare, Shoppers Drug Mart, banks and transit are all within walking distance - close enough for convenience, but far enough from the hustle and bustle.Back home, the building offers everything you need to enjoy the lifestyle, including 24-hour concierge, a gym, outdoor patio with BBQs, party room, billiards room, library, children's play area, bicycle storage, guest suites and visitor parking. One parking space and one locker are included, with the locker room conveniently located right beside your parking space. With easy access to the Gardiner Expressway, Lakeshore Blvd W and TTC, you're connected to the city while still having the lake, trails and green space just outside your door. This is Humber Bay Shores. This is Mimico. This is what it's like to live by the lake. Open House Saturday October 3 1-4pm
Estimate your monthly payments for this property
Estimated Payment
$3,637.54/mo
Includes CMHC insurance ($19,781)
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.
36 Park Lawn Road Unit 505, 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 $886/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 $735/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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 $2,954 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.