39 Annie Craig Drive Unit 602, Toronto W06

Price: $559,900

2 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: W13681036

Sophisticated Waterfront Living in Mimico - Condo at The Cove. This stylish 1-bedroom + den suite at Cove Condos offers a spacious, open-concept layout in the heart of Mimico's scenic waterfront community. Incredible walk-score! Professionally designed with modern upgrades throughout, in one of Toronto's most desirable lakefront locations. The kitchen has been tastefully updated with gorgeous white quartz countertops and backsplash, paired with full-size stainless steel appliances and smart layout enhancements perfect for cooking, gathering, and entertaining. Additional features include: Owned parking spot on P2, Large owned locker on P1, 24-hour concierge, secure intercom system, and bike storage. Three elevators with little to no wait time. Fully equipped fitness centre with cardio machines, strength equipment, and free weights. Guest suites available for overnight visitors. Spacious party/meeting room with a full kitchen and billiards perfect for entertaining. Outdoor entertainment area with BBQ's and plenty of lounge seating. Visitor parking and easy buzz-in. Just steps from the waterfront trail and bike path, this warm, welcoming community offers unbeatable walkability to transit, grocery stores, restaurants, cafes, and more. With easy access to Sherway Gardens, downtown Toronto, and major highways, this is elevated lakeside living at its finest. Set within a warm, welcoming building community right on the scenic waterfront, you're steps from picturesque bike paths and parks, with easy access to TTC, local cafés, shops, and popular dining spots. Sherway Gardens, downtown Toronto, and major highways are all just minutes away.This is refined, turn-key living in one of the city's most desirable lakeside neighbourhoods. Don't miss your chance to make it yours! **********Residents have access to pool and amenities in 38 Annie Craig**********

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active
New Listing
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$559,900 - 39 Annie Craig Drive Unit 602, Liberty Village

Condo for Sale in Liberty Village

New — Listed 7 days ago

Neighbourhood: Mimico

2Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
W13681036
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
2
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
Exclusive
Exposure
South West
Balcony
Open
Listing Brokerage
EXP REALTY
Description

Sophisticated Waterfront Living in Mimico - Condo at The Cove. This stylish 1-bedroom + den suite at Cove Condos offers a spacious, open-concept layout in the heart of Mimico's scenic waterfront community. Incredible walk-score! Professionally designed with modern upgrades throughout, in one of Toronto's most desirable lakefront locations. The kitchen has been tastefully updated with gorgeous white quartz countertops and backsplash, paired with full-size stainless steel appliances and smart layout enhancements perfect for cooking, gathering, and entertaining. Additional features include: Owned parking spot on P2, Large owned locker on P1, 24-hour concierge, secure intercom system, and bike storage. Three elevators with little to no wait time. Fully equipped fitness centre with cardio machines, strength equipment, and free weights. Guest suites available for overnight visitors. Spacious party/meeting room with a full kitchen and billiards perfect for entertaining. Outdoor entertainment area with BBQ's and plenty of lounge seating. Visitor parking and easy buzz-in. Just steps from the waterfront trail and bike path, this warm, welcoming community offers unbeatable walkability to transit, grocery stores, restaurants, cafes, and more. With easy access to Sherway Gardens, downtown Toronto, and major highways, this is elevated lakeside living at its finest. Set within a warm, welcoming building community right on the scenic waterfront, you're steps from picturesque bike paths and parks, with easy access to TTC, local cafés, shops, and popular dining spots. Sherway Gardens, downtown Toronto, and major highways are all just minutes away.This is refined, turn-key living in one of the city's most desirable lakeside neighbourhoods. Don't miss your chance to make it yours! **********Residents have access to pool and amenities in 38 Annie Craig**********

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Estimate your monthly payments for this property

Estimated Payment

$2,872.58/mo

Includes CMHC insurance ($15,621)

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5-yr fixed avg.

Principal: $503,910Interest: $342,242
Mortgage Amount$519,531
Total Interest$342,242
Est. Property Tax$397/mo
Total Cost$861,773

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.

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Neighbourhood Guide: Mimico

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

Lakeshore Collegiate InstitutePublic High School
Bishop Allen AcademyCatholic High School
John English Junior Middle SchoolPublic Middle School
George R. Gauld Junior SchoolPublic Elementary

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.

78
Walk Score
$500K - $1.5M
Price Range

39 Annie Craig Drive Unit 602, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$397
Insurance (est.)-$117
Net Cash Flow+$1,361

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $1120/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. We'll want to verify the monthly fees and what they include.

Efficient Living

At 500 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 $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    39 Annie Craig Drive Unit 602 | $559,900 | Battaglia Team