$1,350,000 - 2585 Lake Shore Boulevard, Liberty Village
Detached for Sale in Liberty Village
100 days on market- MLS Number
- W12766978
- Property Type
- Detached
- Status
- active
- Days on Site
- 100
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Detached Corner Lot with Double Driveways!! Welcome To 2585 Lakeshore Blvd W; Where Lake VIEWS Are Truly A SHORE Thing. Step Inside This Rarely Offered Detached Two Storey Home, Perfectly Tucked Away In A Prestigious Pocket Of Old Mimico, South Of Lakeshore Blvd. Set On A Quiet Dead End Street With Lake Ontario Less Than 200 Metres Away, This Exceptional Property Sits On A Prime 60 X 125 Ft Corner Lot Surrounded By Multi Million Dollar Homes. Offering Just Under 2,300 Sq Ft Of Living Space, This Home Features Five Bedrooms, Two Kitchens With Eat In Breakfast Areas, And A Spacious Living And Dining Room Showcasing Coffered Ceilings, Original Hardwood Flooring, And A Stunning Original Wood Staircase. A Finished Basement Apartment With Separate Entrance Provides Excellent Flexibility For Extended Family Living Or Additional Rental Income. The Exterior Offers Two Separate Driveways With Parking For Up To Six Vehicles, While Public Transit Is Just Steps From Your Door. This Is A Rare And Versatile Opportunity With Broad Appeal. End Users Can Move In And Renovate At Their Own Pace While Preserving The Home's Classic Character. Home was Previously Rented For $6,400/mo. Vacant Possession For Flexible Closing. Builders Can Create A Custom Dream Home In A Highly Coveted Location. Investors May Rent As Three Separate Units, While Developers Can Explore The Potential For A Multiplex With A Garden Suite, Subject To Approvals. A True Lakeside Opportunity Without The Waterfront Price Tag.
Estimate your monthly payments for this property
Estimated Payment
$5,971.51/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.
2585 Lake Shore Boulevard, 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
Competitive Pricing
At $675/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 100 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.
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 6 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 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.
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 $5,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.