$1,295,000 - 56 Annie Craig Drive Unit 4802, Liberty Village
Condo for Sale in Liberty Village
141 days on market- MLS Number
- W12584492
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- SPECTRUM REALTY SERVICES INC.
Experience exceptional waterfront living in this stunning 1,400 sq. ft. corner suite on the47th floor at Lago. This rare offering features a wrap-around balcony with unobstructed Lake Ontario and CN Tower views through floor-to-ceiling windows that fill the home with natural light. Inside, you'll find an impeccably designed 2+1 bedroom, 2-bathroom layout with a highly efficient floorplan and multiple walkouts to the terrace-ideal for those who love seamless indoor-outdoor living. The generous den, complete with a window and door, is a perfect third bedroom option or private office. The open-concept living area is centered around a stylish modern kitchen featuring premium built-in appliances, sleek cabinetry, and a large island, making it a chef's delight and an entertainer's dream. The primary bedroom offers a peaceful retreat with its own balcony access, a spacious closet, and a beautifully appointed ensuite. Residents enjoy access to world-class amenities, including an indoor pool, hot tub, sauna, fully equipped gym, theatre room, party room, BBQ terrace, guest suites, dog wash station, 24-hr concierge, and visitor parking. Located steps from scenic parks, lakeside trails, transit, dining, and just minutes to the Gardiner and Mimico GO Station, this suite offers the lifestyle you've been dreaming of.
Estimate your monthly payments for this property
Estimated Payment
$5,728.22/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 4802, 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
Fair Market Value
At $925/sqft, this property is priced in line with current Liberty Village market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
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 $5,396 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.