$625,000 - 58 Marine Parade Drive Unit 323, Liberty Village
Condo for Sale in Liberty Village
94 days on marketNeighbourhood: Mimico
- MLS Number
- W12957266
- Property Type
- Condo
- Status
- active
- Days on Site
- 94
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Beautifully renovated, sun-filled corner 1-bedroom plus den/office in one of Toronto's most sought-after waterfront residences. This spacious suite offers a rare wraparound balcony and floor-to-ceiling windows, filling the home with natural light and showcasing bright, open views throughout the day.Thoughtfully updated from top to bottom, the open-concept new renovated kitchen with stainless steel appliances, white cabinets with corian stone counters, dining, and living areas create a refined yet comfortable space-perfect for entertaining or unwinding in style. Features include a sleek, modern, work from home den set up that is convenient for working professionals or hobby enthusiast. A generous bedroom with ample closet space, and convenient in-suite laundry with spa-inspired bathroom. This unit includes one parking space and a large storage locker.Ideal for young professionals or those looking to right-size without compromise, this home offers a perfect blend of style, comfort, and low-maintenance living. Residents enjoy premium amenities, including an indoor pool, fully equipped fitness centre, party room, and guest suites. Just steps to the lake, with kilometres of scenic walking and biking trails, plus a curated mix of cafés, restaurants, and everyday essentials-offering a lifestyle that's equal parts vibrant and relaxed. Enjoy effortless access to all major highways like QEW, HWY 401, 407, so much more, Going to downtown Toronto is a breeze by using the Street Cars or TTC, and both Billy Bishop (YTZ) and Pearson (YYZ) airports are just 10-20 minutes away. This is a must see if you are serious about moving in the west end downtown without the hassle and bussle of the City as you have access to all waterfront luxury at a fraction of a cost on a Multi Million Dollar Community that offers all convenience of a small boutique home away from home kinda vibe. Come and have a look and fell in love with this unit, a place where you can rest at peace with nature.
Estimate your monthly payments for this property
Estimated Payment
$3,206.57/mo
Includes CMHC insurance ($17,438)
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 323, 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 $1042/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.
Negotiation Opportunity
At 94 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.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,604 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.