Liberty Village Property Management
West of Old Toronto is the historical neighbourhood of Liberty Village, once a highly industrialized area. The area has undergone immense gentrification and development since the start of the 21st century, with factories moving to other more well-known parts in the greater Toronto area.
The vibrant community, with a plethora of contemporary condos, townhouses, and commercial zones attracts young working individuals from across the city. Residents vary across the board, from professional businessmen, entertainers, and some small families,
Bordering Liberty Village is King West Village, a well-known area for hip individuals who are looking to reside close to the inner city. Some conceivable amenities such as the Allan A. Lamport Stadium, and the King West Village, Bill Johnston Park are only of the few main attractions of the area.
For the most part, its location is what makes it such a popular neighbourhood for Torontonians. With access via the Gardiner Expressway, Strachan Avenue, Kingstreet, and Dufferin Street, there are ample access points for motorists and public transportation hubs.
Information on Liberty Village neighbourhood
From a few industrial factories during the birth of Toronto and Liberty Village to the Toronto Central Prison which permanently shut its doors in 1915, the revitalization of the neighbourhood made headlines closer to the 1950s and end of the 20th century.
For many, this area has become a become of hope and freedom, as the area was named after Liberty Street, a literal street to freedom for those men leaving the Toronto Central Prison.
With its proximity to the railway and the rapid expansion of the city, the neighbourhood was perfectly positioned to house residents from all walks of life. A mixture of glass, brick, and steel now decorate the streets, as vibrant residents have taken up residence in the old and historic factories and buildings.
But more than rich history comes a lively culture. Some enjoy the local craft beer breweries and indulge in local cuisine. The Joe Rockhead Indoor Rock Climbing is the main destination for both residents and tourists who would like to push their adrenaline.
Due to its location, and sprawling urban development in the mid-1900s, green spaces have become limited, which has been considered as one of the main downturns for many young families. But altogether, there is a strong sense of community among residents and shop owners.
Truly feeling like a village, but home to its thriving economy, millennials and Gen Zs are rapidly taking over the streets of the neighbourhood. Looking to call Liberty Village your new home might be a tricky task, as commercial and residential real estate are currently in high demand, even amid the pandemic.
Most recreational facilities and entertainment areas are well-located within walking distance of residential homes. Liberty Village has an average walk score of 81, seemingly higher compared to other neighbourhoods so closely located to the inner city.
Some residents find it easier to walk around their neighbourhood than make use of a motor vehicle, as above-ground parking has become a problem for some. Thus, ensuring parks, and shops are closely located to homes is what draws in so much daily foot traffic across Liberty Village.
There is almost no need to have a motor vehicle when living here, as the area is home to a plethora of public transportation options. Bus lines 29, 63, 80, and 929 runs across the center of Liberty Village. Streetcar 504 is one of the main connections between the neighbourhood and King West Village.
On the other hand, some people find the train line LW and Subway 1 to be more suitable, as it can help them get around the inner city and the outskirts of the greater Toronto area. Easy access to the Gardiner Expressway and Lake Shore Boulevard West allows motorists to quickly commute in and out of Liberty Village, with short commute times to Old Toronto and South Core.
Locals have shared that Liberty Village is more of a biking neighbourhood than anything else. Currently, the average bike score is 93, making it one of the most bikeable parts of Toronto. Errands can easily be completed via a bicycle and frequent visits to local parks such as Dufferin-King Park and Marilyn Bell Park close to the shore.
School District Ratings
Schools within Liberty Village have on average scored high in rankings in recent years. Currently, school ratings are 7.0. With the school test scores being equal to the national average.
Although schools are somewhat limited, parents can enjoy a choice between Parkdale Collegiate Institute, Parkdale Junior and Senior Public School, Amici School of Music & Music Together, City View Alternative Senior School, The Grove Community School, and the IELTS Academy of Toronto.
Average Rent and Sale Prices
Popular parts of Old Toronto have seen massive demand for apartments and homes in recent years. The average monthly rent for a one-bedroom apartment is around CAD 2,100, while a three-bedroom will average closer to CAD 4,650 per month. This is substantially higher than what you might find in neighboring areas.
There is a scattering of apartments and lofts available for purchase ranging from CAD 799,99 to CAD 980,000 for more high-end dwellings. Apartments in the neighbourhood on average are priced better when looking to purchase, as opposed to renting month-to-month.
Investing in Liberty Village
Those who are not locals of the area might find investment opportunities to be quite lucrative. Liberty Village is popular due to its location, vibrant streets, and rent is almost 5% lower compared to Old Toronto.
Investors have found it to be easier to invest in commercial and residential spaces in Liberty Village due to its high popularity.
Buttonwood Property Management
Whether you’re an individual, family, or perhaps an investor, there is an opportunity available for you in Liberty Village with the assistance of Buttonwood Property Management. From apartments to retail outlets, our team of experts will be able to find the perfect location for you.
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