$1,599,000 - 58 Marine Parade Drive Unit 1203, Liberty Village
Condo for Sale in Liberty Village
- MLS Number
- W13212184
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
A Rare High Level Lakefront Residence Defined By Scale, View & True Scarcity. Truly One Of A Kind, Owned By The Original Owner! This 2+1 Lakeview Condo Offers 1,549 Sf. Of Interior Living Space Plus A 201 St. Oversized Balcony, Directly Facing Lake Ontario With Unobstructed 180 Views Of The Water & Downtown Skyline! Open Concept Floor Plan, The Suite Delivers A Sense Of Openness And Volume Rarely Found In Condominium Living. One Of Only A Limited Number Of Homes In The Building To Combine Full Lakefront Exposure, Elevated Ceiling Height, And A True Large-Format Layout, This Penthouse Feel Residence Represents A Level Of Rarity That Is Increasingly Difficult To Replicate. Comparable 03 Units On This Side Of The Building Have Not Traded In The Last 5 Years! Floor-To-Ceiling Windows Wrap The Living And Dining Areas, Flooding The Home With Natural Light And Framing Spectacular Sunrises And Sunsets Over The Lake. The Open-Concept Layout Is Ideal For Both Everyday Living And Elegant Entertaining. The Home Features 2 Generous Bedrooms Plus A Large Den, Suitable As A Home Office Additional Bedroom, Or Converted Into A Dream Walk In Closet! The Primary Suite Includes A Walk-In Closet & A Spa-Inspired Ensuite With Double Vanities, Soaker Tub & Separate Shower. Step Outside To The Expansive Balcony, An Extension Of The Living Space, Overlooking The Lake, Parkland & Waterfront Trails. Residents Enjoy Resort-Style Amenities, Including 24-Hour Concierge, Indoor Pool, Hot Tub, Sauna, Fitness Centre, Party And Theatre Rooms, Guest Suites, Car Wash, And Visitor Parking. Located Directly On The Humber Bay Waterfront, Steps To Parks, Beaches, Trails, Yacht Clubs, Cafés, Dining, And Everyday Conveniences, With Easy Access To TTC, Major Highways, Both Airports, And Approximately 20 Minutes To Downtown Toronto. A Waterfront Lifestyle Offering Space, Presence, And Long-Term Value, Rarely Available, And Not Easily Replaced. Don't Miss It!
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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.
58 Marine Parade Drive Unit 1203, 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 $1142/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 19 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.
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 $6,663 (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.