Liberty Village Townhouse

2 Bed / 2 Bath / SOLD

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BEST Townhouse Value In The Liberty Village Area 

You can't get better value than this... approximately $750 per sf for this oversized 1,086 sf 3-level corner suite townhouse with a almost 300 sf roof-top patio!
 
You'll appreciate the fantastic light coming in from all the windows in every major room and the spacious roof-top patio, perfect for summer BBQs with family and friends.
 
The main level (2nd floor) has a great layout with lots of space for living and dining rooms with engineered hardwood floors throughout. The kitchen has a breakfast bar, ceramic tile floor, glass tile backsplash and a walk-in kitchen pantry.
 
When originally built, this unit was a full 3 bedrooms on the second level (3rd floor) but a prior owner changed the configuration to create a beautiful, spacious primary bedroom, a smaller second bedroom plus a home office space. The primary bedroom has 3 big windows on 2 walls, engineered hardwood floors and wall-to-wall mirrored sliding closet doors. This configuration could be easily changed back to its original design if desired.

The piece-de-resistance is the top third level (4th floor).
 
As you go up the stairs, just inside the rooftop patio door, is the laundry area with stacking washer/dryer and the tankless hot water heater.
 
Step outside and you'll be amazed by the spacious almost 300 sf rooftop patio with almost 360-degree views of Toronto’s skyline. It comes completely furnished... just add your own BBQ and perhaps a patio umbrella to make it your own 3-season retreat!
 
How about setting up a rooftop movie night? You've even got the CN Tower as your backdrop to the east.
 
Another amazing benefit is your private, enclosed garage off the laneway below your suite. Extra shelving has been added inside to help with your storage of bigger items, bikes, etc.
 
The location of this home is perfect... you've got easy streetcar access downtown along King Street, a short drive to the Gardiner Expressway and an easy bike ride to the Martin Goodman Trail along the Lake Ontario waterfront. Across the street there's a kid's splash pad in Massey Harris Park. Just a few minutes east of Strachan there's a super large off-leash dog park and tennis courts in Stanley Park.
 
The closest grocery is the Metro Liberty Village supermarket, easily accessible via the pedestrian bridge running south from Douro across the railway tracks. There are numerous parks, bike paths, roller and ice skating under the Bentway and other exciting community spaces nearby.
 
By fall, there's a new 89,000 sf Altea Active gym and 'social wellness club' opening at the corner of Strachan and Ordinance, just a few steps away. It will have a 75-bike cycling studio (Canada's largest), a 25-metre lap pool, a 2,500-square-foot hot yoga studio, and more than 185 classes a week... perfect for a new owner who want to keep fit close to home.

Improvements Made Since The Seller’s Purchase

  • New painting throughout both levels June 2021
  • New carpet on the upper stairs
  • Kitchen cupboards were refaced with glass inserts on the uppers
  • New pantry shelving and lighting
  • Second floor bathroom was gutted and a floating live-wood edge counter installed with a white sink
  • Added linen closet in hallway (removed one of two closets in master)
  • Retiled the main shower on the third level in white subway tile
  • Updated the main bathroom vanity to light wood with a white sink
  • The spare bedroom was split into a bedroom and den/office - could easily be converted back to a larger single bedroom
  • Installed new ceiling electrical light fixtures in both bedrooms, added 2 in the den and an extra 4 outlets in the den
  • Replaced the subfloor and tile floor on the top level where the rooftop patio is accessed
  • New exterior rooftop door (new roof railings and Duradek roof covering to be replaced in about 3 years time as per the Reserve Fund Study schedule)
  • Patio has an artificial grass surface with built-in seating and BBQ bar tops with built-in coolers
  • Wood storage shed on the patio is approx 2 years old
  • A second exterior electrical socket was added to the rooftop
  • A new furnace/AC with increased capacity was installed in 2020 - cost of $6000 approx
  • Storage shelves were added to the garage while still allowing an SUV to come inside
Inclusions
  • 2-year old stainless steel refrigerator
  • Built-in microwave with exterior vent
  • Washer and dryer were replaced in 2015
  • Stainless steel electric stove and dishwasher
  • All existing window coverings and light fixtures, 8 smart light fixtures
  • Rooftop patio U-shaped lounger w cushions, 2 bar tops and shed and turf
  • All wall shelving
Condo Townhouse Operating Costs
 
2021 Realty Taxes = $3,238.37
 
Enerplan tankless water heater rental = $74.81/month
 
Monthly Maintenance Fee = $810.61
 
The monthly maintenance fee INCLUDES ALL UTILITIES… a probable “extra” value of about $250+ monthly making them comparable to other Liberty Village townhouses where utilities are NOT included.
 
How It Started And How It Was Remedied...

An Example Of How a Concerned Community Took Control And Successfully ReBuilt Their Homes
 
Welcome to the newly re-built MTCC1400
 
This lovely 168-unit stacked townhouse community is nestled between Liberty Village proper (one block south) and King Street (one block north).  It was one of the first corporations built in this neighbourhood, back in 2001. 
 
We are steps from the King Street streetcar, with a much-loved splash pad water feature at Massey Harris Park across the street, and access to the lakeshore/park/bike network eight minutes away. 
 
The City of Toronto has invested heavily in this neighbourhood with the installation of The Bentway below the Gardiner expressway, Garrison Park and its connecting bridge.  The newly installed Douro street bridge, complete with elevator, gives residents in this community quick access to Liberty Village main shopping in matter of minutes.
 
Other exciting upgrades to the neighbourhood also include a planned overhaul by all levels of government to Exhibition Stadium and Ontario Place. 
 
The corporation, together with new and dedicated Engineering and Property Management companies, set out in 2019 to address some significant building envelope concerns, including a failed roofing project. 
 
Five major capital projects and approximately a nine million dollar investment later, this complex has undergone major exterior upgrades including:
  • Rooftop patios
  • Second Floor Balconies
  • Lower-level Patios
  • Building exterior (brick, siding, water run-off and drainage systems)
  • Retaining walls/Planters
  • Railings
  • Upgraded landscaping/Unit & Garage numbering
The King West Village Towns are on the way to becoming the jewel in the crown of Liberty Village.
 
In order to complete these major capital upgrades, a $7.9 Million dollar construction loan was utilized.  This loan will be payable in full in April 2023 through a special assessment to unit owners.  The current expected special assessment for Unit 215 is $52,000.
 
The failed roofing project from 2016-2018 is currently undergoing litigation, with all three companies agreeing to early mediation in September 2021.  The corporation anticipates a settlement in its favour, which will be used to pay down the loan amount and ultimately reduce the special assessment to owners in April 2023.  The amount of this settlement is unknown at this time, 
 
There is Kitec plumbing both in the common elements and in this unit.  To this date there have been no reported Kitec ruptures by any owner or in the corporation common elements. 
 
Once all our projects are completed in 2022, the condo corporation will have made major capital upgrades to the building envelope with state-of-the-art products and anticipates these upgrades will last for many years to come.  
 

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Property Details

Property Type Condo Townhouse
Property Style Townhouse
Square Feet 1086 sf and almost 300 sf roof-top patio
Property Tax $3238.37
Posession Date N/A
Maintenance $810.61
Basement N/A
Major Intersection Strachan Ave & King St West
Garage Size Single car garage with storage space
Exterior N/A
Approximate Age N/A
Parking Spaces One
Lot Size / Acreage N/A

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