$849,000 - 85 East Liberty Street Unit 701, Downtown Toronto
Condo for Sale in Downtown Toronto
47 days on market- MLS Number
- C13063188
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Suite 701 at 85 East Liberty Street presents an exceptional opportunity to own in the sought-after Liberty Lakeview Towers, ideally situated in the heart of vibrant Liberty Village. This expansive 2-bedroom plus separate den, 2-bath residence offers a thoughtfully designed, family-friendly layout that balances comfort, functionality, and modern style. The chef-inspired kitchen anchors the home, featuring sleek granite countertops, stainless steel appliances, ample cabinetry, and a generous breakfast bar-perfect for both everyday living and entertaining. The open-concept living and dining areas are filled with natural light and provide seamless access to a private balcony, ideal for relaxing, BBQing, or hosting guests. The versatile den offers flexibility as a refined home office or potential third bedroom, adapting effortlessly to your lifestyle needs. Two well-appointed 4-piece bathrooms add a touch of everyday luxury, while the inclusion of parking and a locker enhances convenience and practicality. Residents of Liberty Lakeview Towers enjoy access to an impressive array of amenities, including a fully equipped fitness centre, indoor pool, party room, guest suites, 24-hour concierge, and visitor parking. Located in one of Toronto's most dynamic neighbourhoods, Liberty Village offers an unmatched urban lifestyle with trendy cafes, restaurants, fitness studios, parks, and boutique shops just steps from your door. With easy access to transit, the waterfront, and downtown core, this location combines connectivity with community charm. Experience stylish, sun-filled living in one of the city's most desirable communities. Includes a storage locker and a parking spot close to the elevator.
Estimate your monthly payments for this property
Estimated Payment
$4,355.81/mo
Includes CMHC insurance ($23,687)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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 701, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $849/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.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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.
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.
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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,538 (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.