251 Manitoba Street Unit 504, Toronto W06

Price: $499,999

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: W12923876

Live steps from the lake at 251 Manitoba St in the heart of vibrant Mimico! This bright and modern 1-bedroom condo features a functional open-concept layout, sleek kitchen with stainless steel appliances, and a spacious bedroom with a large closet. Enjoy your private 55 sq ft balcony plus the rare convenience of underground parking and a locker. Offered fully furnished and turnkey perfect for first-time buyers or investors looking for a rental-ready opportunity (furniture optional). Enjoy premium amenities including a 24-hour concierge, outdoor pool, gym, sauna, BBQ area, and party room. Walk to the waterfront, parks, trails, transit, restaurants, and shops, with quick access to the Gardiner and minutes to downtown Toronto.

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$499,999 - 251 Manitoba Street Unit 504, Liberty Village

Condo for Sale in Liberty Village

84 days on market
1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
W12923876
Property Type
Condo
Status
active
Days on Site
84
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX PROFESSIONALS INC.
Description

Live steps from the lake at 251 Manitoba St in the heart of vibrant Mimico! This bright and modern 1-bedroom condo features a functional open-concept layout, sleek kitchen with stainless steel appliances, and a spacious bedroom with a large closet. Enjoy your private 55 sq ft balcony plus the rare convenience of underground parking and a locker. Offered fully furnished and turnkey perfect for first-time buyers or investors looking for a rental-ready opportunity (furniture optional). Enjoy premium amenities including a 24-hour concierge, outdoor pool, gym, sauna, BBQ area, and party room. Walk to the waterfront, parks, trails, transit, restaurants, and shops, with quick access to the Gardiner and minutes to downtown Toronto.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,565.25/mo

Includes CMHC insurance ($13,950)

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5%10%50%

5-yr fixed avg.

Principal: $449,999Interest: $305,627
Mortgage Amount$463,949
Total Interest$305,627
Est. Property Tax$354/mo
Total Cost$769,576

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

251 Manitoba Street Unit 504, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$927

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

Negotiation Opportunity

At 84 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 0 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    251 Manitoba Street Unit 504 | $499,999 | Battaglia Team