$1,650,000 - 58 Marine Parade Drive Unit 1103, Liberty Village
Condo for Sale in Liberty Village
Popular ListingNeighbourhood: Mimico
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- MLS Number
- W13840222
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2026)
- $6,877
- Maintenance Fees
- $1,916/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Experience exceptional waterfront living at The Monarch, with breathtaking, unobstructed panoramic views of Lake Ontario and Toronto's iconic downtown skyline. This sophisticated 2-bedroom + den residence offers 1,744 sq. ft. of total living space,including 1,563 sq. ft. of interior living space and an expansive 181 sq. ft. balcony.Soaring 9-ft ceilings and floor-to-ceiling windows fill the home with natural light while showcasing spectacular lake and skyline vistas. Three walkouts to the balcony extend the living space outdoors and create the perfect setting to enjoy stunning sunrises,sparkling water views, and the ever-changing Toronto skyline.The spacious open-concept living and dining area is designed for both elegant entertaining and comfortable everyday living. The modern white kitchen features a centre island, sleek contemporary cabinetry, striking black stone countertops, and generous workspace.Beautiful hardwood flooring throughout enhances the home's timeless elegance, while the generous layout and den provide exceptional flexibility for a home office, library, or additional living space. Enjoy resort-style amenities, 24-hour concierge service, and a prestigious waterfront location just minutes from downtown Toronto, waterfront trails, parks, restaurants, shopping, and entertainment.A rare opportunity to own an extraordinary waterfront residence where panoramic views, elegant interiors, generous proportions,and an exceptional location come together to create a truly remarkable Toronto lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$7,298.51/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.
58 Marine Parade Drive Unit 1103, 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
Premium Pricing
At $1179/sqft, this property is priced above the Liberty Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 $1916/month fees should cover building insurance, common elements, and reserve contributions.
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.
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 $6,875 (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.