$2,500/mo - 78 Fifth Street Unit 7, Liberty Village
Detached for Rent in Liberty Village
141 days on market- MLS Number
- W12568542
- Property Type
- Detached
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Welcome to 78 Fifth Street Unit 7 in the vibrant and desirable South Etobicoke community! This spacious and private 3-bedroom apartment offers exceptional comfort, convenience, and value in a family-friendly multiplex setting just steps from Lake Ontario. Nestled in a charming low- rise building, this bright and well-maintained unit features a functional layout with adequate living space. The apartment includes three well-proportioned bedrooms, ideal for families, roommates, or those working from home. The living area is open and inviting, perfect for relaxing. The kitchen comes equipped with essential appliances and ample cabinetry for all your culinary needs. Additional highlights include a 3-piece bathroom, windows providing natural light, and coin-operated laundry conveniently located on the same level. With radiant gas heating, municipal water, this home checks all the boxes for comfortable living. Ideally located just minutes from the lake, parks, bike paths, local cafes, grocery stores, and transit, including easy access to the TTC and GO Train, this property offers a great lifestyle. Don't miss your opportunity to call this beautiful apartment your next home. is only $2,500 plus hydro. Price is only $2,500 plus hydro.
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.
78 Fifth Street Unit 7, Liberty Village / Parkdale / South Parkdale
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,500/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in Liberty Village. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
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.
Detached Home Advantages
Detached homes in Liberty Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.