80 Marine Parade Drive Unit 1601, Toronto W06

Price: $589,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W13238190

Spacious One Bedroom at Luxury Waterfront Building With Breathtaking Lake Views & Large Balcony To Enjoy, You Will Fall In Love With The Location. This Unit Is Clean And Bright With An Efficient Layout And A Very Large Balcony Overlooking ,The Lush Courtyard That Expands Your Living Space . Open Concept , Modern Kitchen, Walk To Many Dining & Entertainment Options, Park, Waterfront, Transit, Easy Access To QEW. Waterfront, Transit,Outstanding Property Features: A Roof Top Bbq, Deck, Yoga, Indoor Pool & Hot Tub, Guest Suites, Theater, Landscape Gardens.

80 Marine Parade Drive Unit 1601 - Condo photo 1 of 16 in Liberty Village / Parkdale / South Parkdale, Ontario
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$589,000 - 80 Marine Parade Drive Unit 1601, Liberty Village

Condo for Sale in Liberty Village

Popular Listing
1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W13238190
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Liberty Village / Parkdale / South Parkdale
Locker
Owned
Exposure
South East
Balcony
Enclosed
Listing Brokerage
AIMHOME REALTY INC.
Description

Spacious One Bedroom at Luxury Waterfront Building With Breathtaking Lake Views & Large Balcony To Enjoy, You Will Fall In Love With The Location. This Unit Is Clean And Bright With An Efficient Layout And A Very Large Balcony Overlooking ,The Lush Courtyard That Expands Your Living Space . Open Concept , Modern Kitchen, Walk To Many Dining & Entertainment Options, Park, Waterfront, Transit, Easy Access To QEW. Waterfront, Transit,Outstanding Property Features: A Roof Top Bbq, Deck, Yoga, Indoor Pool & Hot Tub, Guest Suites, Theater, Landscape Gardens.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,021.88/mo

Includes CMHC insurance ($16,433)

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5-yr fixed avg.

Principal: $530,100Interest: $360,029
Mortgage Amount$546,533
Total Interest$360,029
Est. Property Tax$417/mo
Total Cost$906,563

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.

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Neighbourhood Guide: Liberty Village / Parkdale / South Parkdale

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

80 Marine Parade Drive Unit 1601, Liberty Village / Parkdale / South Parkdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
1.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$417
Insurance (est.)-$123
Net Cash Flow+$870

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $982/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 600 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 $2,454 (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.

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    80 Marine Parade Drive Unit 1601 | $589,000 | Battaglia Team