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Liberty Village Suite Sees Price Drop Before Selling For $815K

[Photo via Brad J. Lamb]

Originally listed for $899,000, Toronto Life featured this same listing in the summer, a penthouse suite at 55 East Liberty St. before the owners reduced the price to $849,000. It's a two bedroom unit in Liberty Village's rapidly growing neighbourhood. The condo eventually sold under asking for $815,000. The 1,500 square foot unit includes three bathrooms, three lockers, parking spot and indoor pool. The outdoor balcony could be the best feature with its spacious terrace and seating area. The monthly maintenance fees are $737.

The Liberty Village area has grown from an industrial dead zone to a plethora of new developments and retail stores like Casalife and Balzac's Coffee. The area was once a manufacturing site and the location for Toronto's Central Prison and the Andrew Mercer Reformatory for Women. One could argue that the area is now "overdeveloped" and the condo building has a bland design. The Toronto Star once wrote the "problem with this twin-towered complex lies in the painful anonymity of its architecture. It could be anywhere." Whether you love or hate the area, it's always fun to see the photos.

· Condo of the Week [Toronto Life]
· 55 East Liberty Street [Brad J. Lamb]
· What Liberty Village looked like before the condos [BlogTO]