$1,599,000 - 58 Marine Parade Drive Unit 1203, Liberty Village
Condo for Sale in Liberty Village
39 days on marketNeighbourhood: Mimico
- MLS Number
- W13212184
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
A Rare High Level Lakefront Residence Defined By Scale, View & True Scarcity. Truly One Of A Kind, Owned By The Original Owner! This 2+1 Lakeview Condo Offers 1,549 Sf. Of Interior Living Space Plus A 201 St. Oversized Balcony, Directly Facing Lake Ontario With Unobstructed 180 Views Of The Water & Downtown Skyline! Open Concept Floor Plan, The Suite Delivers A Sense Of Openness And Volume Rarely Found In Condominium Living. One Of Only A Limited Number Of Homes In The Building To Combine Full Lakefront Exposure, Elevated Ceiling Height, And A True Large-Format Layout, This Penthouse Feel Residence Represents A Level Of Rarity That Is Increasingly Difficult To Replicate. Comparable 03 Units On This Side Of The Building Have Not Traded In The Last 5 Years! Floor-To-Ceiling Windows Wrap The Living And Dining Areas, Flooding The Home With Natural Light And Framing Spectacular Sunrises And Sunsets Over The Lake. The Open-Concept Layout Is Ideal For Both Everyday Living And Elegant Entertaining. The Home Features 2 Generous Bedrooms Plus A Large Den, Suitable As A Home Office Additional Bedroom, Or Converted Into A Dream Walk In Closet! The Primary Suite Includes A Walk-In Closet & A Spa-Inspired Ensuite With Double Vanities, Soaker Tub & Separate Shower. Step Outside To The Expansive Balcony, An Extension Of The Living Space, Overlooking The Lake, Parkland & Waterfront Trails. Residents Enjoy Resort-Style Amenities, Including 24-Hour Concierge, Indoor Pool, Hot Tub, Sauna, Fitness Centre, Party And Theatre Rooms, Guest Suites, Car Wash, And Visitor Parking. Located Directly On The Humber Bay Waterfront, Steps To Parks, Beaches, Trails, Yacht Clubs, Cafés, Dining, And Everyday Conveniences, With Easy Access To TTC, Major Highways, Both Airports, And Approximately 20 Minutes To Downtown Toronto. A Waterfront Lifestyle Offering Space, Presence, And Long-Term Value, Rarely Available, And Not Easily Replaced. Don't Miss It!
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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 1203, 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 $1142/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.
Market Position
At 39 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.
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.
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 $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.