$829,000 - 88 Park Lawn Road Unit 516, Liberty Village
Condo for Sale in Liberty Village
- MLS Number
- W13156606
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- REVEL REALTY INC.
Not all condos are created equal, but this one is an exception. Spanning 971 sq ft of bright, open-concept living, this suite offers floor-to-ceiling windows that flood every corner with natural light, while soaring ceilings create an airy, elevated atmosphere throughout. Step outside to a rare 200+ sq ft wraparound balcony built for sunrise coffees, sunset cocktails, and everything in between. The sleek, functional kitchen pairs granite countertops with premium European appliances, including a brand new Bosch dishwasher, while a full scale den offers the ideal work-from-home setup without compromise. Both bedrooms are spacious and feature independent in-unit AC for personalized comfort day and night. The primary bedroom includes a walk-in closet with exceptional storage and provides a private, tucked-away feel thanks to the well thought-out split-bedroom layout. Two full bathrooms are finished to match the suite's clean and modern aesthetic, while one owned parking space and a private locker make everyday living effortless. Set in the heart of Mimico, one of Toronto's most desirable waterfront communities, 88 Park Lawn delivers the perfect balance of lifestyle and convenience. Waterfront trails, local cafés, restaurants, and green spaces are just steps away, and the building's 40,000 sq ft of amenities are widely considered the best in W06. Mimico GO gets you to Union station in just 15 minutes, with the Gardiner and QEW minutes from your door. Waterfront living, seamless commuting, and the lifestyle buyers are searching for, all in one extraordinary address.
Estimate your monthly payments for this property
Estimated Payment
$4,253.20/mo
Includes CMHC insurance ($23,129)
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.
88 Park Lawn Road Unit 516, 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 $921/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.
Market Position
At 20 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.
Efficient Living
At 900 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.
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 $3,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.