56 Annie Craig Drive Unit 1508, Toronto W06

Price: $520,000

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: W13113700

Welcome to LAGO Condominium - a bright and thoughtfully laid-out 1-bedroom, 1-bathroom condo in the heart of Humber Bay Shores. This suite offers an efficient open-concept design with a comfortable open concept living and dining area, a practical kitchen layout, and a well-sized bedroom that provides privacy without wasted space. Large windows bring in natural light, creating a warm and inviting feel throughout the unit. The bathroom is conveniently positioned, and the overall floor plan makes everyday living simple and functional. Residents enjoy access to excellent building amenities, including 24/7 concierge service, gym fitness center, indoor pool, sauna, party room, guest suites, visitor parking, and outdoor terrace/BBQ areas. Steps from the waterfront, trails, parks, shops, groceries, cafés, restaurants, transit, and major routes, this condo offers a great mix of comfort, convenience, and lakeside living in one of Etobicoke's most desirable waterfront communities. A Perfect Option For Professionals, First-Time Home Buyers, Or Investors Seeking A Move-In-Ready Condo in a prime location.

56 Annie Craig Drive Unit 1508 - Condo photo 1 of 15 in Liberty Village / Parkdale / South Parkdale, Ontario
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56 Annie Craig Drive Unit 1508 - Condo photo 6 of 15 in Liberty Village / Parkdale / South Parkdale, Ontario
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56 Annie Craig Drive Unit 1508 - Condo photo 8 of 15 in Liberty Village / Parkdale / South Parkdale, Ontario
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56 Annie Craig Drive Unit 1508 - Condo photo 12 of 15 in Liberty Village / Parkdale / South Parkdale, Ontario
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$520,000 - 56 Annie Craig Drive Unit 1508, Liberty Village

Condo for Sale in Liberty Village

38 days on market
1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
W13113700
Property Type
Condo
Status
active
Days on Site
38
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
None
Exposure
North West
Balcony
Open
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Description

Welcome to LAGO Condominium - a bright and thoughtfully laid-out 1-bedroom, 1-bathroom condo in the heart of Humber Bay Shores. This suite offers an efficient open-concept design with a comfortable open concept living and dining area, a practical kitchen layout, and a well-sized bedroom that provides privacy without wasted space. Large windows bring in natural light, creating a warm and inviting feel throughout the unit. The bathroom is conveniently positioned, and the overall floor plan makes everyday living simple and functional. Residents enjoy access to excellent building amenities, including 24/7 concierge service, gym fitness center, indoor pool, sauna, party room, guest suites, visitor parking, and outdoor terrace/BBQ areas. Steps from the waterfront, trails, parks, shops, groceries, cafés, restaurants, transit, and major routes, this condo offers a great mix of comfort, convenience, and lakeside living in one of Etobicoke's most desirable waterfront communities. A Perfect Option For Professionals, First-Time Home Buyers, Or Investors Seeking A Move-In-Ready Condo in a prime location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,667.87/mo

Includes CMHC insurance ($14,508)

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5-yr fixed avg.

Principal: $468,000Interest: $317,853
Mortgage Amount$482,508
Total Interest$317,853
Est. Property Tax$368/mo
Total Cost$800,361

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

56 Annie Craig Drive Unit 1508, 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)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$368
Insurance (est.)-$108
Net Cash Flow+$909

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

Market Position

At 38 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 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.

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 $2,167 (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.

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    56 Annie Craig Drive Unit 1508 | $520,000 | Battaglia Team