$829,000 - 88 Park Lawn Road Unit 516, Liberty Village
Condo for Sale in Liberty Village
47 days on marketNeighbourhood: Mimico
- MLS Number
- W13156606
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- REVEL REALTY INC.
Not all condos are created equal, but this one is an exception. Spanning 971 sq ft of bright, open-concept living, this suite offers floor-to-ceiling windows that flood every corner with natural light, while soaring ceilings create an airy, elevated atmosphere throughout. Step outside to a rare 200+ sq ft wraparound balcony built for sunrise coffees, sunset cocktails, and everything in between. The sleek, functional kitchen pairs granite countertops with premium European appliances, including a brand new Bosch dishwasher, while a full scale den offers the ideal work-from-home setup without compromise. Both bedrooms are spacious and feature independent in-unit AC for personalized comfort day and night. The primary bedroom includes a walk-in closet with exceptional storage and provides a private, tucked-away feel thanks to the well thought-out split-bedroom layout. Two full bathrooms are finished to match the suite's clean and modern aesthetic, while one owned parking space and a private locker make everyday living effortless. Set in the heart of Mimico, one of Toronto's most desirable waterfront communities, 88 Park Lawn delivers the perfect balance of lifestyle and convenience. Waterfront trails, local cafés, restaurants, and green spaces are just steps away, and the building's 40,000 sq ft of amenities are widely considered the best in W06. Mimico GO gets you to Union station in just 15 minutes, with the Gardiner and QEW minutes from your door. Waterfront living, seamless commuting, and the lifestyle buyers are searching for, all in one extraordinary address.
Estimate your monthly payments for this property
Estimated Payment
$4,253.20/mo
Includes CMHC insurance ($23,129)
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 516, 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 $921/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 47 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.
Efficient Living
At 900 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.