$575,000 - 58 Marine Parade Drive Unit 707, Liberty Village
Condo for Sale in Liberty Village
96 days on market- MLS Number
- W12948962
- Property Type
- Condo
- Status
- active
- Days on Site
- 96
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Experience elevated waterfront living in this sun-drenched one-bedroom, one-bathroom corner residence, where thoughtful design, privacy, and lifestyle come together seamlessly. Bathed in natural light from morning through golden hour, this condo features two private balconies with three separate walkouts from the kitchen, living room, and primary bedroom-creating a rare indoor-outdoor flow and offering multiple spaces to relax, entertain, or unwind while enjoying tranquil lake, courtyard, and fountain views. The layout is both functional and sophisticated, enhanced by high ceilings and a clear separation between all rooms. The spacious kitchen opens effortlessly to one of the balconies, while the oversized bathroom offers a spa-like retreat rarely found in one-bedroom suites. As a quiet corner unit with its own private section of the floor, this home provides exceptional peace and privacy with minimal neighbouring noise. Residents enjoy premium building amenities including 24-hour concierge, 2 Spacious Guest Suites, a large visitor parking lot, indoor pool & hot tub, saunas, gym, library, party room, business centre, movie theatre, sports lounge, and a car wash bay. . Whether you're a first-time buyer seeking a turnkey home, a downsizer looking for comfort without compromise, or an investor searching for a highly desirable, rentable location-this suite delivers on every level. Perfectly positioned across from Lake Ontario and the Martin Goodman Trail, the lifestyle offering is unmatched. Step outside to miles of waterfront paths, lush green spaces ideal for summer picnics, and an energetic neighbourhood filled with ground-level cafés, patios, and dining-many just steps from your door. Enjoy local favourites such as Blondies Pizza, Oakberry, Café Boho, Eden Trattoria, and La Vecchia. With two grocery stores within a 10-minute walk, effortless transit options to downtown, and quick access to the Gardiner, this is lakeside living with urban convenience at its finest.
Estimate your monthly payments for this property
Estimated Payment
$2,950.05/mo
Includes CMHC insurance ($16,043)
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.
Discover Liberty Village / Parkdale / South Parkdale
Liberty Village / Parkdale / South Parkdale is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Liberty Village / Parkdale / South Parkdale
- •Convenient location in Liberty Village / Parkdale / South Parkdale
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Liberty Village / Parkdale / South Parkdale offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
58 Marine Parade Drive Unit 707, 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 $958/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 96 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.
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 $2,396 (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.