Condo of the Week: $475,000 for a suite in a newsworthy building in Liberty Village

Condo of the Week: $475,000 for a suite in a newsworthy building in Liberty Village


Address: 85 East Liberty Street, Unit 415
Neighbourhood: Niagara
Agent: Jamie Alves, Sutton Group Elite Realty Inc., Brokerage
Price: $474,900

The Place: A two-bedroom apartment on the fourth floor of a two-year-old building at the centre of Liberty Village. The unit faces north, giving it a view of a little park, rather than the Gardiner Expressway to the south.

Bragging Rights: The buyer’s fraternity bros won’t get bored if they come to visit. The building’s amenities include a rooftop terrace, a party room, a gym, a pool, a hot tub, a sauna, a movie theatre, a bowling alley, a billiards room, table tennis and even a virtual golf game.

Big Selling Point: This is a lot of space for the price, and it’s laid out well. The bedrooms are separated, which makes sharing with a roommate or guests a lot more comfortable.

Possible Deal Breaker: This building was all over the news in November when an explosion on the sixth floor sent a door flying off its hinges and into the elevator across the hallway. The elevator was damaged, the unit was destroyed and the man renting it was badly burned. He was later charged with making methamphetamine. That stigma might scare some people away from the building. Then again, it may also be a buying opportunity. In this market, any meth-related price dip is likely to be temporary.

By the Numbers:

• $474,900
• 1,019 square feet
• $535 in monthly maintenance fees
• 8-foot ceilings
• 2 bedrooms
• 2 washrooms
• 1 parking space
• 1 storage locker
• 1 balcony