$1,899,000 - 175 Lake Shore Drive, Liberty Village
Detached for Sale in Liberty Village
43 days on market- MLS Number
- W13092134
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Attention builders!! Severance Approved for this 75 x 150 foot lot to create two Lots of 37.5 x 150 Ft backing onto Rotary Peace Park and overlooking Lake Ontario!! Only Steps from the Lake and neighbourhood Beach! Building Plans ready to build two 2,723 sqft homes with open concept main floor, 4 Bedrooms on 2nd level and a massive 3rd floor fully enclosed Roof Terrace overlooking Lake Ontario! Property is backing onto the park that can be accessed via a gate directly from the backyard! The opportunities are endless with this property offering a perfect open canvas to build two dream homes or lakeside retreat. Fantastic views of park and lake. Conveniently located close to an abundance of family amenities with waterfront trails and sports facilities including Rotary Peace Park, Beach and Outdoor Pool and Colonel Samuel Beach Park. Steps to the waterfront and a small beach. Just a few minutes drive to The QEW & GO Station. Close walking distance to affluent schools, shopping, restaurants, public transportation and so much more!
Estimate your monthly payments for this property
Estimated Payment
$8,399.92/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.
Discover Liberty Village / Parkdale / South Parkdale
Liberty Village / Parkdale / South Parkdale is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Liberty Village / Parkdale / South Parkdale
- •Convenient location in Liberty Village / Parkdale / South Parkdale
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Liberty Village / Parkdale / South Parkdale offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
175 Lake Shore Drive, Liberty Village / Parkdale / South Parkdale
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Rental income estimator & ROI calculator
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
Competitive Pricing
At $760/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 43 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.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Liberty Village.
Bathroom Count Matters
With 6 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.
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 $7,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.