$1,598,800 - 58 Marine Parade Drive Unit 512, Liberty Village
Condo for Sale in Liberty Village
New — Listed yesterdayNeighbourhood: Mimico
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- MLS Number
- W14113080
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Taxes (2025)
- $8,076
- Maintenance Fees
- $1,737/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON PROPERTY GROUP REALTY INC.
Rarely does a residence redefine lakeside living, this exceptional 2+1 bedroom suite does exactly that! The pièce de résistance is a spectacular 2,400 square foot private outdoor terrace, an extraordinary expanse of open air living that is virtually unheard of in condominium ownership! From this remarkable vantage point, take in unobstructed panoramic views of Lake Ontario stretching to the horizon, with the downtown skyline shimmering in the distance; sunrise coffees, golden hour cocktails and evenings beneath the stars all become part of your daily ritual. This is outdoor living on a scale normally reserved for a detached estate! There is room to dine under the open sky, lounge in the sun, gather with friends and family, or simply retreat to your own private garden in the clouds. Few properties anywhere offer this much usable outdoor space, and fewer still pair it with views this breathtaking.Inside, the spacious and thoughtfully designed interior offers generous principal rooms, walls of windows, abundant natural light and a seamless flow between indoor comfort and outdoor grandeur. The open concept living and dining areas are perfectly suited to both relaxed everyday living and elegant entertaining on a grand scale, while the kitchen anchors the home for casual mornings and celebrations alike. Two full bedrooms plus a versatile den provide flexibility for guests, a dedicated home office or a quiet reading retreat, and the primary suite offers a serene escape at the end of the day. Set within one of the most prestigious buildings on Lakeshore West, this is waterfront living at its finest! Steps to the lake, scenic waterfront trails, lush parks, marinas, cafes, dining and transit, with an easy commute to downtown. Two parking spots and a locker add a level of everyday convenience rarely found in one offering. This is truly one of a kind, a private resort in the sky where luxury meets lifestyle. A rare offering that simply must be seen to be believed!
Estimate your monthly payments for this property
Estimated Payment
$7,072.03/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 512, 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 $1332/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Liberty Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $1737/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 $6,662 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.