$2,575/mo - 2 Royal York Road Unit 502, Liberty Village
Condo for Rent in Liberty Village
141 days on market- MLS Number
- W12724356
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
NEW PRICE! SPACIOUS 2-BEDROOM, NEARLY 900 SQ. FT. RIGHT ON THE LAKE! Looking for a something special? Eager to escape the gritty city? Always wanted to live on the lake with fresh air and nature? This might be the answer. Welcome to charming Lakeshore Village and 2 Royal York Apartments - paradise directly on the waters edge, just 15 minutes from downtown Toronto! This is a classic, purpose-built, residential building, nestled on the shores of Lake Ontario, feels like cottage-life in the city! Affordable, spacious condo-alternative! Generous size, approx. 980 SF. 2 Bedroom, 1 Bath, plus balcony with STUNNING SHORELINE AND CITY SKYLINE VIEWS!!! South/East exposure, be amazed by gorgeous sunrise and sunset vistas. Enjoy dazzling night views of downtown Toronto and shimmering moonlight on the water. So close to the shoreline, you can hear the waves! Carpet-free, Parquet Floors throughout. Flexible Floor Plan. Ample space for a home office. Note, this is rent-controlled, professionally managed building with a lively social vibe and friendly neighbours. Long lease is possible. Stay as long as you want - 2 years, 3 years or more Residents enjoy their own doggy-park, private beachfront BBQ area, exclusive waterfront picnic grounds for Air Show parties, birthday celebrations, moon-gazing and snapping blazing sunrises on the horizon. Explore acres of parks, secret little beaches, miles of trails and a nearby swan sanctuary! Abundant retail therapy is close by. Stroll to local boutiques, stores, bakeries, pubs, fast foods and fine dining. T.T.C. at door, near Go Train, easy highway access. Ideal rental for a work-at-home, outdoorsy single or romantic, nature-loving couple. Start a new chapter. Life is sweeter by the lake. See Video Tour.
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.
2 Royal York Road Unit 502, Liberty Village / Parkdale / South Parkdale
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,575/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Liberty Village. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 141 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.