$3,600/mo - 48 Albani Street Unit Upper, Liberty Village
Detached for Rent in Liberty Village
31 days on marketNeighbourhood: Mimico
- MLS Number
- W13233250
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- Royal LePage Our Neighbourhood Realty
Welcome to 48 Albani Street, a spacious and well-maintained upper-level home in the heart of Mimico, one of South Etobicoke's most desirable waterfront communities. Available June 15th, this 3-bedroom, 1.5-bathroom residence offers approximately 1,400 sq. ft. of bright and functional living space, ideal for families, couples, or professionals seeking comfort and convenience.The home features a generous open-concept living and dining area with large windows that fill the space with natural light. The modern kitchen offers ample cabinetry and counter space, while three well-sized bedrooms provide flexibility for family living, guest accommodations, or a home office. Additional highlights include in-unit laundry, contemporary finishes throughout, and the option to lease the property furnished or unfurnished to suit your needs.Residents enjoy shared access to a beautifully maintained backyard with green space, outdoor seating, and a BBQ area, creating the perfect setting for outdoor relaxation and entertaining. Please note this lease is for the upper unit only; the basement is not included.Ideally located just minutes from the waterfront, parks, walking and cycling trails, Humber Bay Shores, Mimico Waterfront Park, Prince of Wales Park, and Lakeshore Yacht Club. A wide selection of shopping, dining, and everyday amenities are nearby, including Sherway Gardens, Costco, Walmart, Metro, Longo's, Shoppers Drug Mart, LCBO, IKEA, restaurants, cafés, and local bakeries.Commuters will appreciate convenient access to Lake Shore Boulevard W, Park Lawn Road, Islington Avenue, the Gardiner Expressway, QEW, Highway 427, TTC transit, GO Transit, downtown Toronto, and Toronto Pearson International Airport.A rare opportunity to lease a spacious, move-in-ready home in a highly sought-after lakeside neighbourhood. Tenant responsible for water, hydro, and gas.
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.
48 Albani Street Unit Upper, Liberty Village / Parkdale / South Parkdale
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $3,600/mo, this is in line with typical 3-bedroom rents in Liberty Village (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 31 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.