MLS® listing
51 East Liberty Street 1601: common element condo for sale
$489,000
From the listing brokerage
Rarely offered 1 bedroom with 2 bathrooms in the heart of Liberty Village! This bright 16th floor suite offers 570 sq ft of interior living space, plus an additional 84 sq ft private balcony with sunny south-west views and beautiful sunsets. Smart layout with 9 ft ceilings, a 3 piece ensuite bath and a convenient 2 piece powder room for guests. Modern kitchen with European cabinetry, granite countertops, mosaic backsplash and stainless steel appliances. Locker included. Well managed Liberty Central building with 24 hr concierge, pool, fitness centre, yoga room, steam room, party room with kitchen and lounge, guest suite, outdoor BBQ terrace and more. Steps to the 24 hr Metro, cafes, restaurants, TTC, the waterfront trails, BMO Field and Exhibition Place, with quick access to the Gardiner and downtown core. Ideal for professionals, first time buyers and investors! Photos are from a previous listing and may not reflect current furnishings.
Facts on the listing
| Square feet | 500-599 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 4 |
| Maintenance fee | $385 |
| Property tax | $2,647 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Water Included, Common Elements Included, Building Insurance Included |
| Balcony | Open |
| Laundry | Ensuite |
| Interior features | None |
| Floor | 16 |
Listing courtesy of HOMELIFE FRONTIER REALTY INC.. MLS® C13849112.
About this common element condo
51 East Liberty Street 1601 is a 1 bedroom common element condo in TRREB's Niagara community in Toronto, listed for sale at $489,000. The listing shows 2 bathrooms and 500-599 square feet. The style is given as apartment. The unit faces south west. It comes with an underground garage and a locker (owned) according to the listing. The nearest main intersection given is King/Strachan/Lakeshore.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 51 East Liberty Street 1601
At the asking price of $489,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $489,000 |
|---|---|
| Ontario land transfer tax | $6,255 |
| Toronto municipal land transfer tax | $6,255 |
| Both taxes | $12,510 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $24,450 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $385 a month |
|---|---|
| Property tax (2026) | $2,647 a year, about $221 a month |
| Fee and tax together | about $605 a month |
The listing says the maintenance fee includes water, common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 51 East Liberty Street 1601
How much is land transfer tax on 51 East Liberty Street 1601?
At the asking price of $489,000 the Ontario tax is $6,255 and the Toronto tax is $6,255, $12,510 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 51 East Liberty Street 1601?
$24,450 at the asking price of $489,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 51 East Liberty Street 1601?
The listing shows $385 a month, including water, common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 51 East Liberty Street 1601?
The listing shows $2,647 a year for 2026, about $221 a month.
How do I book a showing for 51 East Liberty Street 1601?
Use the form on this page or call us. Quote MLS® C13849112. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 51 East Liberty Street 1601 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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