$1,899,999 - 87 Lake Crescent, Liberty Village
Detached for Sale in Liberty Village
64 days on marketNeighbourhood: Mimico
- MLS Number
- W13081898
- Property Type
- Detached
- Status
- active
- Days on Site
- 64
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Steps to the LAKE! This "larger than most" executive residence (3+1 bedrooms, 4 baths) has over 2800 SF of living space and was custom built with care, combining refined downtown polish with a quieter, lasting beauty. The main floor is thoughtfully arranged for both daily living and entertaining. A sunken foyer creates a graceful arrival, leading to a raised family room with gas fireplace and exposed brick; warmth and character in equal measure. The full-height kitchen is designed for those who appreciate function and form: white on white cabinetry, stainless steel appliances, a walk-in pantry, and timeless detailing. Dining and living rooms feature coffered ceilings and open seamlessly to a garden that evokes the romance of Tuscany. Upstairs, natural light defines the space. Vaulted ceilings and skylights elevate the generous proportions. The primary suite offers a walk through closet with built-ins, a double vanity, and a curbless shower details chosen for comfort and ease. Wainscoting lends a sense of heritage. Secondary bedrooms are spacious, with organized double closets. The five-piece bath recalls a boutique hotel, complete with soaker tub and stand alone shower. The lower level continues the homes scale and flexibility, with a separate entrance from the garage, walkout to the yard, high ceiling laundry, and a recreation room/ +1 bed with wet bar. This space adapts effortlessly whether for entertaining, play, or a private in-law/guest suite. Outdoors, the rear yard offers privacy and calm: a pergola, established plantings, and the sense of retreat that makes a home feel complete. A private drive and garage add convenience, while curb appeal reflects true presence. Located in lakeside Mimico steps to the waterfront, GO, TTC, cafes, and dining this is classic design, built to last.
Estimate your monthly payments for this property
Estimated Payment
$8,404.34/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.
87 Lake Crescent, 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 $950/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 64 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Liberty Village. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.