$649,900 - 58 Marine Parade Drive Unit 606, Liberty Village
Condo for Sale in Liberty Village
Popular Listing- MLS Number
- W13243638
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to one of the area's most sought-after waterfront residences-an exceptional low-rise, non-smoking building known for its peaceful atmosphere, premium amenities, and stunning lobby with direct access to the waterfront and scenic walking trails. This spacious 1+Den suite offers an impressive 797 sq. ft. of living space-significantly larger than many comparable units in the area, plus two separate balconies! The balcony off the primary bedroom show cases expansive lake views, while both offer the beautiful western sun, and the tranquil sound of the fountain below. Designed with both comfort * functionality in mind, the open-concept layout features a well-appointed kitchen with a rare built-in pantry, matching stainless steel appliances, wraparound granite countertops, a breakfast bar, and conveniently tucked-away laundry. The main living area is enhanced by soaring 9-foot ceilings and a versatile den, ideal for a home office, guest room, or additional living space. The generous primary suite easily accommodates a king-size bed and includes a semi walk-in closet complete with built-in shelving. Included with the unit are one underground parking space and one storage locker, along with access to an entire level of visitor parking. Residents enjoy an outstanding selection of resort-style amenities, including an indoor pool, whirlpool, his-and-hers saunas, fitness center, billiards room, theatre room, library, business center, meeting room, massage room, guest suites, and a spacious party room with kitchen and outdoor patio. An under ground car wash adds even more convenience. As an added bonus, residents have direct access to the building's on-site restaurant and can even enjoy complimentary delivery service. **Investor Opportunity** The current owners are willing to lease the unit back for a minimum of two years, providing an attractive turnkey investment opportunity.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 606, 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 $928/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.
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 700 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 $2,708 (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.