Editor's note, October 6, 2026: this article was reviewed and rewritten in our accuracy check. An earlier version contained neighbourhood price levels, rent tables and market statistics we could not trace to a published source; they have been removed or replaced with figures from the sources listed at the end of the article.
Liberty Village is west of downtown Toronto, between King Street West and the rail corridor and Gardiner Expressway, roughly from Strachan Avenue to Dufferin Street. It was an industrial area for more than a century; some of the old factory buildings survive as offices, studios and lofts, and since the early 2000s the rest has been rebuilt as a dense neighbourhood of condo towers, townhouses and shops.
Homes
Almost all housing is condominium: high-rise apartments, many of them smaller one- and two-bedroom units, plus stacked and condo townhouses and a few hard lofts in converted buildings. Because many units are owned by investors and rented out, buyers will often compete with investors, and renters have a large supply to choose from. Liberty Village Park and the pedestrian streets are the neighbourhood's shared outdoor space.
Getting around
- The 504 King streetcar runs along King Street into downtown.
- Exhibition GO station, on the Lakeshore West line, is at the southwest edge, by Exhibition Place and BMO Field.
- Metrolinx's Ontario Line, under construction, is planned to end at Exhibition, with Metrolinx aiming to open the line in the early 2030s.
Costs
Toronto's 2026 total residential property tax rate (municipal, regional where applicable, and education) is 0.767311% of assessed value: about $7,673 a year on a home assessed at $1,000,000. On a $650,000 condo, Toronto's two land transfer taxes total $18,950, or $10,475 for an eligible first-time buyer. Lenders count half the monthly condo fee in your debt ratios.
Prices: TRREB publishes monthly sales and prices by municipality and by TRREB district, not by neighbourhood, and averages for small areas move a lot from month to month. For a current picture, look at recent sold prices on the streets you're considering, and ask an agent for a comparative market analysis. Across the GTA in August 2026, TRREB reported an average price of $993,410 (detached $1,288,669; condo apartment $617,593).
Frequently asked questions
What should I check before buying a condo here?
Make your offer conditional on your lawyer's review of the status certificate, which the corporation must provide within 10 days for a regulated fee of no more than $100 including HST. It shows the unit's monthly fee and any arrears, the reserve fund and its latest study, special assessments, insurance, any lawsuits, and the rules on leasing, pets and renovations. Compare fees per square foot between buildings, and ask what the parking spot and locker include.
Can I rent the unit out?
Usually, subject to the condo's declaration and rules and your mortgage terms. Units first occupied after November 15, 2018 are exempt from the rent increase guideline, but tenancies are still governed by the Residential Tenancies Act.
How is my property tax worked out?
Your bill is your property's assessed value, set by the Municipal Property Assessment Corporation (MPAC), multiplied by the total tax rate. Ontario has postponed province-wide reassessment, so 2026 property taxes are still based on assessed values as of January 1, 2016. A recent buyer's bill therefore reflects that 2016 value, not the price paid.
Is Liberty Village good for first-time buyers?
It can be: condo apartments are the GTA's lowest-priced property type (TRREB's August 2026 GTA average was $617,593), and the area is close to downtown jobs. Compare units on fees, size, layout and building condition rather than price alone, and remember investors are buying here too.
Thinking about buying here? Search current listings and recent sales on Summitly, talk to a licensed Summitly agent who works the area, or ask Zara, Summitly's AI virtual agent, for a neighbourhood briefing.
