$1,600,000 - 56 Annie Craig Drive Unit 4502, Liberty Village
Condo for Sale in Liberty Village
- MLS Number
- W13202662
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Nestled along the shores of Lake Ontario, the Humber Bay Shores waterfront community is one of Toronto's most coveted neighbourhoods, celebrated for its breathtaking views of the downtown skyline, the historic Waterfront Trail, acclaimed dining, and close proximity to the Humber Marina.Welcome to this exquisitely upgraded 2+1 bedroom corner suite in the prestigious Lago residence, offering nearly 1,500 square feet of refined living space with panoramic lake views from every room. Wake each morning to stunning sunrises over the glistening water from the serene east-facing primary retreat. Both generously sized bedrooms feature beautifully appointed four-piece ensuites, creating an atmosphere of comfort and sophistication.Designed for both everyday living and elegant entertaining, the open-concept kitchen with elongated centre island inspires culinary creativity against a spectacular waterfront backdrop, while the living and dining areas are bathed in natural light through floor to ceiling windows with upgraded window coverings. A spacious enclosed den with both a window and door provides the ideal setting for a private office, guest space, or quiet retreat. Unit includes one underground parking and three lockers, perfect for down sizers or those who need ample storage. Residents of Lago enjoy an exceptional collection of hotel-like amenities, including an indoor pool, hot tub, sauna, fitness centre, party room, guest suites, theatre and stylish lounge.Perfectly situated with convenient access to downtown Toronto and the QEW, Humber Bay Shores continues to evolve as one of the city's most dynamic waterfront communities, with long-term plans tentatively including a future GO station to further enhance connectivity and growth.
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Estimated Payment
$7,077.34/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.
56 Annie Craig Drive Unit 4502, 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
Premium Pricing
At $1143/sqft, this property is priced above the Liberty Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 21 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.
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.
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 $6,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.