$499,000 - 88 Park Lawn Road Unit 1502, Liberty Village
Condo for Sale in Liberty Village
33 days on marketNeighbourhood: Mimico
- MLS Number
- W13591952
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Welcome to South Beach Condos, ideally situated in the highly sought-after Humber Bay Shores. This fabulous 1-bedroom, 1-bath suite offers 508 sq. ft. of thoughtfully designed living space plus a 60 sq. ft. balcony with breathtaking, unobstructed west views over the conservation lands. Enjoy a rare lifetime view and mesmerizing sunsets as the sky lights up directly from your private balcony each evening. Freshly painted and maintained in fantastic condition, this warm and inviting suite features a highly functional layout, abundant natural light, pot lights, a center island and sleek stainless steel, high-end European appliances. South Beach makes an unforgettable first impression with its private entrance, striking waterfall feature, elegant Carrara marble finishes and magnificent Murano chandeliers imported from Italy, creating one of Toronto's most lavish condominium lobbies. Residents enjoy exceptional five-star amenities, including a state-of-the-art fitness center, basketball and squash courts, indoor and outdoor pools, a newly renovated party room, a lounge with pool tables, an 18-seat theatre, two guest suites and ample visitor parking. 24/7 Concierge & Security services for your peace of mind. Perfectly situated in the heart of Humber Bay Shores, one of Toronto's most sought-after waterfront communities, you are steps to Metro, Sobeys, Shoppers Drug Mart, LCBO, cafés, restaurants, TTC, major highways, the seasonal farmer's market, waterfront trails and Mimico Cruising Club Marina. Take an evening stroll along the lake after dinner and enjoy everything this vibrant neighbourhood has to offer. Includes one parking space and one locker. A wonderful place to call home in a truly fabulous community.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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.
88 Park Lawn Road Unit 1502, 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 $998/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 33 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.
Efficient Living
At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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.