$682,000 - 85 East Liberty Street Unit 1321, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Niagara
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- MLS Number
- C13799444
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,207
- Maintenance Fees
- $734/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Unobstructed west views, beautiful sunsets and 777 sqft. of living space in the heart of Liberty Village. Suite 1321 features 2 bedrooms, 2 full bathrooms, an open concept kitchen with a breakfast bar overlooking the living room. One parking space and one locker included. The main living area fills with afternoon sun, followed by golden hour sunsets each evening. Three walk-outs lead to the spacious balcony. The unit features rare year-round heating and cooling. The amenities are unlike almost anything else in the neighbourhood: 2-lane bowling alley, golf simulator, games room, movie theatre, indoor pool, a fully equipped gym, 24-hour concierge, guest suites, and a rooftop deck with skyline views and BBQs...plus much more! Step outside to cafés, groceries and enjoy Liberty Village's incredible selection of patios and restaurants all while being a short walk to Trinity Bellwoods, The Bentway and waterfront trails. With a bus stop directly in front of the building, nearby streetcar service, Exhibition GO Station, and the future Ontario Line, the neighbourhood is positioned for even greater city access in the years ahead. Please note that photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$3,499.01/mo
Includes CMHC insurance ($19,028)
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 Niagara
Niagara 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 Niagara
- •Convenient location in Downtown Toronto / Waterfront
- •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
Niagara 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.
85 East Liberty Street Unit 1321, Downtown Toronto / Waterfront
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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 $974/sqft, this property is priced in line with current Downtown Toronto 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. The $734/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Niagara
I know Niagara well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,842 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.