$1,849,999 - 41 Algoma Street, Liberty Village
Detached for Sale in Liberty Village
Popular ListingNeighbourhood: Mimico
- MLS Number
- W13498022
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to 41 Algoma Street - Newly Constructed, Never-lived-in home situated on a thoughtfully redeveloped lot, offering modern comfort, generous space, and exceptional versatility. This expansive residence features 9-foot ceilings on the main floor, enhancing a beautifully designed layout that seamlessly blends everyday living with elegant entertaining. Enjoy a bright and inviting living room, a spacious family room, a formal dining area, and a sun-filled breakfast space. Large windows throughout flood the home with natural light, creating a warm and welcoming atmosphere. With 4 generously sized bedrooms and 5 well-appointed washrooms, this home is perfectly suited for families of all sizes. Each space is designed with comfort and functionality in mind. A beautifully finished basement featuring a self-contained secondary suite with a separate entrance and private laundry. Boasting impressive 10-foot ceilings, this bright and spacious area ideal for In-Law living or generating additional rental income. Located in a highly desirable and convenient neighborhood, the home is surrounded by top-rated schools, making it an excellent choice for families. Commuters will appreciate easy access to major highways and transit routes. Nature lovers will enjoy being just minutes from Humber Bay Park and Park Lawn Park, perfect for walking, cycling, and outdoor activities. Everyday essentials, shopping, and dining are all close at hand along the vibrant Queensway corridor, making daily living both convenient and enjoyable. This home presents a rare opportunity to own a thoughtfully designed, move-in-ready property in an outstanding location. This home also comes with an approved permit for a Garden Suite, offering future potential for additional living space, extended family accommodation, or supplemental rental income. 100A ,240 V electrical rough-in has been installed from main panel to the rear of the property, for a future Pool, Hot tub, or Heavy -Duty equipment in the shed.
Estimate your monthly payments for this property
Estimated Payment
$8,183.17/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.
41 Algoma 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 $925/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.
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 5 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.
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 $7,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.