It’s no secret that Toronto’s real estate prices are way too high for many prospective homebuyers, but a one-bedroom Liberty Village condo just hit the market with a price that’s slightly more affordable.
The unit, located at 170 Sudbury Street, just south of Queen Street West, is listed for $389,000, making it a great opportunity for anyone looking to break into the Toronto real estate market at a lower price.
The unit itself is on the cozier side but has a kitchen and living area, separate bedroom, full bathroom, and two sizeable closets.
It also has concrete ceilings and exposed ductwork — perfect for anyone seeking an apartment with a revamped loft feel.
The kitchen comes with stainless steel appliances, including a dishwasher. It also has space for a dining table and has a door leading out to the unit’s balcony.
Emma Pace, a Zoocasa agent in Toronto, says that the condo has likely been listed with such an attractive price tag in an attempt to reel in multiple buyers.
“As demand for condos slowly picks back up, the seller has likely listed this property to attract several buyers,” Pace said.
“It wouldn’t be surprising if this particular property results in multiple offers. This property would be ideal for a first-time buyer looking to gain a foothold into the Toronto real estate market or an investor.”
Inside the bedroom are huge floor-to-ceiling windows and one of the apartment’s two closets. Depending on how you set it up, you could definitely fit a queen-sized bed in there.
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The bathroom, while tight, has a bathtub that’s perfect for relaxing in, and there’s even more storage space under the sink.
The Liberty Village condo definitely has some large upsides that could make it a good investment for resale, Pace says, like it’s separate bedroom, balcony that offers even more space outdoors, and the fact that the neighbourhood could go up in value overall.
“The neighbourhood itself is fairly well developed but still contains opportunity for future growth,” Pace said.
But she also noted that there are some drawbacks to the unit that any potential buyer will have to think about, like the limited living room space.
If you’ve been wanting to purchase a condo downtown and don’t mind forgoing a sofa to lounge on, then this might just be the unit for you.