$649,000 - 3 Marine Parade Drive Unit 401, Liberty Village
Condo for Sale in Liberty Village
141 days on market- MLS Number
- W12389431
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP ELITE REALTY INC.
Downsize Without Compromise at Hearthstone by the Bay! Welcome to Suite 401; a thoughtfully designed 2 bed + den & solarium, 2 bath suite, tailored for independent, retirement living. Spanning 1029 sq. ft., this bright and inviting split-bedroom layout, is ideal for both privacy and comfort. Floor-to-ceiling windows showcase south/east exposure that includes partial lake views, while a private balcony, solarium, and office nook provide flexible spaces to relax, work, or entertain. Freshly painted throughout; open concept living and dining areas are filled with natural light, creating a warm and welcoming atmosphere. The primary suite includes its own ensuite bath, while the 2nd bedroom and 2nd full bath can accommodate guests with ease. Unlike typical retirement residences Hearthstone by the Bay is a true condominium community: you own your suite while enjoying the comfort of services tailored to your lifestyle. Here, retirement living is designed to meet you where you are, and grow with you. From an active, independent lifestyle filled with social gatherings, resort-style amenities and waterfront walks in the vibrant community of Humber Bay Shores, to having supportive services available whenever you need them; you can settle in with confidence for today, and tomorrow. Monthly service package ($1923.53 + HST/monthly) includes conveniences like dining & housekeeping credits, wellness and fitness programs, social activities, and a 24-hour on-site nurse for peace of mind. Optional personal care services can be added as desired, allowing you to maintain freedom and confidence while your loved ones know you're comfortable and well supported. Book your tour today and you will not be disappointed!
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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 401, 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 $649/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 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.
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.
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 $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.