$1,099,000 - 88 Park Lawn Road Unit LPH2906, Liberty Village
Condo for Sale in Liberty Village
New — Listed 4 days agoNeighbourhood: Mimico
- MLS Number
- W13517824
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
This stunning Lower Penthouse offers a large, functional 1330 sq ft layout plus a 120 sq ft balcony, with 2 bedrooms, 2 bathrooms, and a spacious den large enough to function as a third bedroom or home office. The open-concept living and dining area is bright and inviting, with southeast lake views, beautiful morning sunrises, and the calming energy of waterfront living. The chef-inspired kitchen features built-in stainless steel appliances and flows seamlessly into the main living space. The primary bedroom offers a 5-piece ensuite, while the second 4-piece bathroom is ideal for guests. This exceptional suite also includes a private full TWO-CAR GARAGE with remote door opener and EV-ready car charging rough-in. Located within the luxurious South Beach Condos, inspired by the glamour of South Beach Miami, the residence continues to impress from the moment you arrive. A striking outdoor waterfall centerpiece sets the tone, followed by a lavish Carrera marble lobby with soaring ceilings and stunning Murano chandeliers imported from Italy. Residents enjoy resort-style amenities including state-of-the-art fitness facilities, indoor and outdoor pools, hot tubs, saunas, steam rooms, party room, library lounge with pool tables, 18-seat theatre, business center, basketball and squash courts, guest suites, ample visitor parking, and 24/7 concierge and security. Live in the heart of Humber Bay Shores, steps from waterfront trails, the marina, cafes, restaurants, grocery stores, Mimico Cruising Club, seasonal farmer's market, TTC, and major highways. Start your mornings by the lake, enjoy dinner at a local restaurant, or take an evening stroll along the waterfront. This is Humber Bay Shores living at its finest. Don't miss this rare opportunity to own a spacious Lower Penthouse with lake views, exceptional amenities, and a private two-car garage in one of the waterfront's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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.
88 Park Lawn Road Unit LPH2906, 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 $916/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Liberty Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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.
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 $4,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.