$280,000 - 3 Marine Parade Drive Unit 1607, Liberty Village
Condo for Sale in Liberty Village
45 days on market- MLS Number
- W13078362
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- Royal Lepage Real Estate Associates, Larose Team
A truly unique offering at Hearthstone by the Bay RETIREMENT condo! This beautifully finished suite showcases hardwood floors and a thoughtfully designed layout for comfort and privacy. Featuring a spacious one-bedroom with lounge/den, full bath, and in-suite laundry, this suite offers exceptional flexibility-customize by adding your own kitchen, or embrace a simplified, maintenance-free lifestyle with dining just steps away within the building.Hearthstone by the Bay is a vibrant waterfront retirement community offering a full-service lifestyle while allowing you to maintain ownership of your suite. The mandatory monthly service package includes: 4 hours of housekeeping, meal credit ($298.40), 24-hour nurse access, fitness classes, daily activities, shuttle service, and more (see Schedule C for full details). Personal care services are also available, up to 24/7 as needed.Extras:Mandatory Club Fee: $1,990.85 + HST/month (1 occupant)Additional Occupant: $274.34 + HST/monthAmenities: Movie Theatre, Hair Salon, Pub, Billiards Area, Outdoor Terrace & More!
Estimate your monthly payments for this property
Estimated Payment
$1,436.55/mo
Includes CMHC insurance ($7,812)
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.
3 Marine Parade Drive Unit 1607, 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 $467/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 45 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.
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 600 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.