2045 Lake Shore Boulevard Unit 3305, Toronto W06

Price: $2,188,000

3 bedrooms, 3 bathrooms

3,000 - 3,499 sqft

Property Type: Condo

MLS#: W12774100

Palace Pier. Can see right across the Lake and incredible view of downtown Toronto Skyline!. Over 3000 square feet with 2 Parking spots and a locker. Renovated!. Valet Parking and Great Amenities. Two Squash Courts, Gym, Games Room, Table Tennis, Spa and Restaurant. Some of the pictures were taken one year ago. **EXTRAS** All appliances and window coverings. Fireplace in Living Room and Ensuite Laundry.

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$2,188,000 - 2045 Lake Shore Boulevard Unit 3305, Liberty Village

Condo for Sale in Liberty Village

108 days on market
3Beds
3Baths
3,000 - 3,499Sq Ft
Condo
Property Details
MLS Number
W12774100
Property Type
Condo
Status
active
Days on Site
108
Bedrooms
3
Bathrooms
3
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
Owned
Exposure
South East
Balcony
None
Listing Brokerage
ROYAL LEPAGE TERREQUITY REALTY
Description

Palace Pier. Can see right across the Lake and incredible view of downtown Toronto Skyline!. Over 3000 square feet with 2 Parking spots and a locker. Renovated!. Valet Parking and Great Amenities. Two Squash Courts, Gym, Games Room, Table Tennis, Spa and Restaurant. Some of the pictures were taken one year ago. **EXTRAS** All appliances and window coverings. Fireplace in Living Room and Ensuite Laundry.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$9,678.26/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,750,400Interest: $1,153,079
Mortgage Amount$1,750,400
Total Interest$1,153,079
Est. Property Tax$1,550/mo
Total Cost$2,903,479

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.

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Neighbourhood Guide: Liberty Village / Parkdale / South Parkdale

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

2045 Lake Shore Boulevard Unit 3305, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,360/mo
Range: $3,706 - $5,014
Cap Rate (ROI)
0.2%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,360
Maintenance Fees-$1,950
Property Tax (est.)-$1,550
Insurance (est.)-$456
Net Cash Flow+$404

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $729/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.

Negotiation Opportunity

At 108 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.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

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.

Bathroom Count Matters

With 3 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.

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    2045 Lake Shore Boulevard Unit 3305 | $2,188,000 | Battaglia Team