$1,149,000 - 70 Annie Craig Drive Unit 2605, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
- MLS Number
- W13639588
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Rarely offered 26th-floor suite at the prestigious Vita on the Lake, offering breathtaking unobstructed views of Lake Ontario and an exceptional waterfront lifestyle. This bright and spacious 2-bedroom, 2 full bathroom residence is flooded with natural light through expansive floor-to-ceiling windows and features a thoughtfully designed open-concept layout. The modern kitchen is appointed with quartz countertops, a centre island, premium appliances including a wine fridge, and ample cabinetry. Both bedrooms are generously sized, while the luxurious primary retreat boasts a spa-inspired ensuite with double sinks and a full walk in closet with organizers. Meticulously maintained and completely turnkey, this exceptional suite also includes ensuite laundry, 1 parking space, and1 locker. Enjoy world-class amenities including a 24-hour concierge, outdoor pool, fitness centre, yoga studio, sauna, party room, rooftop terrace, guest suites, BBQ area, and more. Ideally located just steps to Humber Bay Park, the waterfront trails, restaurants, cafés, TTC, Mimico GO, and minutes to the Gardiner Expressway and downtown Toronto. Luxury lakeside living at its finest.
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/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.
70 Annie Craig Drive Unit 2605, 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 $1149/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 18 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.
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 $4,788 (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.