$519,900 - 58 Marine Parade Drive Unit 330, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
- MLS Number
- W13464978
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Experience the best of Toronto's waterfront lifestyle at 58 Marine Parade Drive. This beautifully refreshed 1-bedroom, 1-bathroom residence offers an exceptional combination of indoor comfort and outdoor living, highlighted by a rare 224 sq. ft. private terrace that dramatically expands your living space beyond the walls of the home. Inside, you'll find 603 sq. ft. of bright, functional living space feat a large bedrm with a w closet, soaring ceilings, brand-new flring, fresh paint throughout, and an open-concept design that feels both spacious and inviting. Lrg windows flood the unit with natural light, creating a warm and welcoming atmosphere from the moment you step inside. The terrace is truly the starof the show. Whether you're hosting friends for dinner, enjoying a quiet morning coffee, creating your own urban garden, or simply soaking up the fresh lakefront air, this outdoor oasis offers endless possibilities and a lifestyle rarely available in condominium living.Situated in one of Humber Bay Shores' most desirable waterfront communities, you'll enjoy being just steps from Lake Ontario, Trail, parks, marinas, and endless walking and cycling paths. The neighbourhood is known for its vibrant mix of cafés, restaurants, and local conveniences all within walking distance. Residents enjoy access to an impressive suite of amenities, including a 24-hour concierge, indoor pool, hot tub, saunas, fitness centre, theatre room, sports lounge, business centre, library, party room, guest suites, visitor parking, and car wash bay. With easy access to downtown Toronto, TTC, GO Transit, and the Gardiner Expressway, this location offers the perfect balance of urban accessibility and waterfront serenity. Whether you're purchasing your first home, seeking a stylish city retreat, or looking to downsize without compromise, this move-in-ready residence presents an opportunity to enjoy one of Toronto's most sought-after lakefront lifestyles.
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
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 330, 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 $867/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.
Market Position
At 15 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.
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 $2,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.