$998,000 - 80 Palace Pier Court Unit PH502, Liberty Village
Condo for Sale in Liberty Village
105 days on marketNeighbourhood: Mimico
- MLS Number
- W12916802
- Property Type
- Condo
- Status
- active
- Days on Site
- 105
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- INTERNATIONAL REALTY FIRM, INC.
WATERFRONT LIVING at Nevis Villa Condos, in the heart of Humber Bay Shores. Be part of a boutique 5-storey, luxurious 29-suite building, with lake and skyline vistas. BUILDING FEATURES 24-hour concierge, sauna, fitness centre, lounge, billiard room, car wash station and a sun-filled rooftop terrace-garden complete with fireplace and BBQ area for entertaining. END SUITE, BEING ONE OF FIVE EXCLUSIVE SUITES LOCATED AT THE TOP FLOOR, this unit was ORIGINALLY PLANNED BY THE BUILDER AS A THREE-BEDROOM (see attached builder plan). After combining the Primary Bedroom into a larger suite, the current floor plan (see attached) offers two-bedrooms, two-baths, within a spacious 1,360 sq. ft. layout of bright, sun-filled rooms, a gas fireplace and a balcony providing lake and city skyline views. OPEN CONCEPT kitchen with bar island overlooking the dining and living rooms. CUSTOM BUILT CABINETRY surrounding gas fireplace with mantle. HUGE PRIMARY BEDROOM with luxurious 6-piece ensuite, walk-in closet plus secondary closet. SECOND BEDROOM with 3-piece ensuite. Hardwood throughout, in-suite washer/dryer, stainless steel appliances, gas stove top, and granite countertops. Balcony with BBQ gas line. Two tandem parking spots with lockers. This elegant building offers a high-end living experience to enjoy the best of lakefront living. Step outside for a stroll, jog or cycle on the Martin Goodman Trail. Enjoy waterfront parks, restaurants, cafes, shops, and the Yacht Club. At the foot of the Humber Bay Arch Bridge, Sheldon Lookout and Humber Bay Shore Park.
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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.
80 Palace Pier Court Unit PH502, 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 $832/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 105 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.
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 $4,158 (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.