$2,315,000 - 73 Elma Street, Liberty Village
Detached for Sale in Liberty Village
New — Listed 4 days agoNeighbourhood: Mimico
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- MLS Number
- W13798028
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Lot Size
- 4,069 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
The house is what you buy, What happens inside it is what you'll remember. Over 4,000 sq.ft. across three finished levels gives you an incredible place for all of it. With 4+1 bedrooms and 6 bathrooms, there's room to gather and, equally important, room to disappear. The main floor is bright and open with wide plank hardwood, soaring ceilings, oversized windows, custom millwork and built in speakers. At its centre is a beautifully finished kitchen with Fulgor Milano appliances, an oversized island, full height backsplash and adjoining servery. The family room, anchored by a floor to ceiling porcelain fireplace, opens directly to the backyard. Upstairs, the primary suite features a private balcony, walk in closet and 5 piece ensuite with heated floors. A junior suite with its own heated ensuite, plus two additional bedrooms, a laundry room and another heated bathroom complete the second floor.One bedroom doubles as a safe room with a security door. Every window has security film, there's a concealed safe and a backup generator ready when the grid isn't.Downstairs, a fifth bedroom with private ensuite and dedicated theatre make staying home considerably more appealing.Out back, turf means weekends aren't spent mowing, while the hot tub gives you somewhere better to spend them.It has everything you'd expect from a home at this level, and quite a few things you wouldn't, but the best part hasn't happened yet.The house is already here. The memories are still yours to make.
Estimate your monthly payments for this property
Estimated Payment
$10,240.03/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.
73 Elma Street, 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 $926/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.
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.
Detached Home Advantages
Detached homes in Liberty Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Liberty Village.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.