$839,630 - 8 Drummond Street Unit 420, Liberty Village
Condo for Sale in Liberty Village
Neighbourhood: Mimico
- MLS Number
- W13436618
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Beautifully upgraded townhouse in the highly sought-after Mimico community, offering modern finishes, smart-home features, exceptional outdoor space, and convenient transit access. The bright and inviting main floor features pot lights throughout, California shutters, fresh paint, and a custom built-in entertainment unit with fireplace, creating a warm and stylish living space. The refreshed kitchen includes a new refrigerator, new dishwasher, updated backsplash, and upgraded island façade. All three bathrooms have been fully renovated from top to bottom with contemporary finishes. The spacious primary bedroom features a brand-new sliding door providing direct access to a private balcony and plenty of natural light. A standout feature of this home is the exceptional outdoor living space. Composite decking has been installed on all three balconies, including a spectacular rooftop terrace. Perfect for entertaining, the rooftop terrace is equipped with two dedicated gas lines-one for a BBQ and one for a gas fire table. Whether you're enjoying your morning coffee, hosting guests, or relaxing at sunset, this private rooftop retreat offers a lifestyle rarely found in the city. The home is equipped with smart-home technology, including a Google Nest thermostat, Nest doorbell, and Nest smoke and carbon monoxide detectors for added convenience and peace of mind. Located just a 5-minute walk to Mimico GO Station and a 10-minute bus ride to Royal York Subway Station, commuting throughout Toronto is quick and easy. Enjoy nearby parks, waterfront trails, restaurants, shops, and all the amenities that make Mimico one of Toronto's most desirable neighbourhoods. Two parking spaces are included (Owned) Move-in ready and thoughtfully updated throughout, this townhouse combines comfort, style, outdoor living, and an unbeatable location.
Estimate your monthly payments for this property
Estimated Payment
$4,307.74/mo
Includes CMHC insurance ($23,426)
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.
8 Drummond Street Unit 420, Liberty Village / Parkdale / South Parkdale
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Rental income estimator & ROI calculator
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 $840/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 25 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.
Bathroom Count Matters
With 3 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.
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 $3,498 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.