408 Browns Line Unit 509, Toronto W06

Price: $580,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W12927984

Welcome To B-Line Condos And This Nicely Upgraded Suite Located Just West Of Toronto. This Spacious Open Concept Layout Offers A Large Living Area And Two Large Bedrooms, One With 3 Piece Ensuite. The Modern Kitchen Is Sleek And Well Appointed With Stainless Steel Appliances, Quartz Countertop, Large Island, And A Large Window. The Eastward Exposure Provides For An Abundance Of Natural Light That Fills The Living Area As Well As The Second Bedroom. The Entire Suite Features Light Laminate Flooring And Pot Lights Throughout The Living Area. On-Site Amenities Include A Rooftop Deck, Party Room, And A Gym. This Building Is Conveniently Located In Alderwood And Is Walking Distance To An Array Of Local Amenities Including Parks, Cafes, Retail Establishments, And Sherway Gardens Mall - All Within Minutes Of Walking Or A Shorty Drive. Very Good Access To Highway 427, The QEW/Gardiner Expressway, TTC Public Transit, And Minutes to Toronto's Pearson International Airport. Currently Tenanted Until December 2026.

408 Browns Line Unit 509 - Condo photo 1 of 24 in Liberty Village / Parkdale / South Parkdale, Ontario
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$580,000 - 408 Browns Line Unit 509, Liberty Village

Condo for Sale in Liberty Village

150 days on market

Neighbourhood: Alderwood

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W12927984
Property Type
Condo
Status
active
Days on Site
150
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
VANGUARD REALTY BROKERAGE CORP.
Description

Welcome To B-Line Condos And This Nicely Upgraded Suite Located Just West Of Toronto. This Spacious Open Concept Layout Offers A Large Living Area And Two Large Bedrooms, One With 3 Piece Ensuite. The Modern Kitchen Is Sleek And Well Appointed With Stainless Steel Appliances, Quartz Countertop, Large Island, And A Large Window. The Eastward Exposure Provides For An Abundance Of Natural Light That Fills The Living Area As Well As The Second Bedroom. The Entire Suite Features Light Laminate Flooring And Pot Lights Throughout The Living Area. On-Site Amenities Include A Rooftop Deck, Party Room, And A Gym. This Building Is Conveniently Located In Alderwood And Is Walking Distance To An Array Of Local Amenities Including Parks, Cafes, Retail Establishments, And Sherway Gardens Mall - All Within Minutes Of Walking Or A Shorty Drive. Very Good Access To Highway 427, The QEW/Gardiner Expressway, TTC Public Transit, And Minutes to Toronto's Pearson International Airport. Currently Tenanted Until December 2026.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,975.70/mo

Includes CMHC insurance ($16,182)

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5-yr fixed avg.

Principal: $522,000Interest: $354,528
Mortgage Amount$538,182
Total Interest$354,528
Est. Property Tax$411/mo
Total Cost$892,710

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: Alderwood

Discover Alderwood

Alderwood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Alderwood

  • Convenient location in Liberty Village / Parkdale / South Parkdale
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Alderwood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

408 Browns Line Unit 509, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$411
Insurance (est.)-$121
Net Cash Flow+$1,178

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

Competitive Pricing

At $580/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.

Negotiation Opportunity

At 150 days on site, this property has exceeded the typical selling timeline for Liberty Village. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

About Alderwood

I know Alderwood 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 $2,417 (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.

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    408 Browns Line Unit 509 | $580,000 | Battaglia Team