Liberty Market Lofts Condo Guide: Life at 5 Hanna Ave

Liberty Villiage Rachel Currey August 5, 2026

Liberty Market Lofts at 5 Hanna Ave is the building we point to when someone says they want the loft look in Liberty Village without buying a century-old conversion. It went up in 2013, it holds 295 units across 8 storeys, and it gives you exposed concrete, big windows, and some two-storey layouts in a building young enough that the mechanicals are not a mystery. Here is our full guide, current as of August 2026.

Thinking about a move to Liberty Village? Search current listings here and see what is on the market this week.

The building basics

Liberty Market Lofts was developed by Lifetime Developments and finished in 2013, with architecture by Rudy Wallman and interiors by Union 31. It sits at the east end of the neighbourhood on Hanna Ave, steps from the Liberty Market Building and its food hall energy. At 8 storeys it is one of the shorter buildings in Liberty Village, which changes the feel of daily life. Fewer neighbours per elevator. A lobby where the concierge learns your name.

What the units are like

Suites run from about 325 to 1,610 square feet, which is a wide band for one building. The mix includes standard one-level suites plus a set of two-storey units that live more like small townhouses stacked inside a condo. The design language is soft loft: exposed concrete ceilings and feature walls, oversized windows, open kitchens. A quick honest note here. This is a 2013 build styled like a loft, not a converted warehouse. If you want hundred-year-old timber beams, this is not that building. What you get instead is loft character with modern insulation, modern plumbing, and a reserve fund that is not fighting a century of deferred maintenance.

Maintenance fees and what they cover

Recent listings at 5 Hanna Ave have shown monthly fees roughly in the $455 to $540 range depending on the unit, and the fees include heat, air conditioning, water, building insurance, and common elements. In investor language, fees are your fixed operating cost, the number that comes off the top before any unit ever earns you a dollar. In plain language, it is the bill you pay whether you are home or not, so a building that keeps it reasonable while including utilities is doing you a favour. Amenities listed for the building include a 24/7 concierge, on-site property management, a gym, yoga room, a half-court basket ball court, party room with billiards table, business centre with private offices and wifi, a laundry room, and a pet wash station, which matters in a neighbourhood with this many dogs.

Liberty Market Lofts at a glance	Details
Property management phone number	Crossbridge Condominium Services, on-site office 647-351-0283
Concierge / front desk phone number	647-351-8633
Address	5 Hanna Ave, Liberty Village, Toronto, Ontario, M6K 0B3
Completed	2013, Built by Lifetime Developments
Scale	8 storeys, 295 units
Suite sizes	Approx. 325 to 1,610 sq ft, including two-storey layouts
Maintenance fees	Approx. $455 to $540/month in recent listings; include heat, A/C, water, building insurance
Style	Soft loft: exposed concrete, oversized windows, open plans

Shopping the loft market? These three go deeper:

Location and daily life

Hanna Ave puts you at the quieter east edge of Liberty Village, close to the Liberty Market Building for coffee, lunch, and errands. King West is a short walk north for the streetcar, and Exhibition GO is close enough that commuters use it daily. You are also near the dog park, which is either a feature or the whole reason you moved here, depending on who is holding the leash.

The market right now

We will be straight with you about timing. TRREB's June 2026 numbers showed GTA sales up 9.4 per cent year over year while the average price eased 3.9 per cent to $1,058,658, and the condo segment has been the softest part of that story. For buyers, that is leverage. More choice, more room to negotiate, and a rare window where a distinctive building like this one can be bought without a bidding war. The counterpoint: soft lofts in boutique buildings are a scarce product in Liberty Village, and scarce product tends to hold value better than the generic glass tower a block away. Supply of this specific thing does not grow. If condo demand firms up in the second half of 2026 the way TRREB expects, the negotiating room shrinks first in the buildings people actually want.

Who it suits

Liberty Market Lofts fits buyers who want character and a manageable building scale, end users more than pure investors right now given where rents sit. If your plan is a long hold in a unit you love, the math works differently than a spreadsheet flip, because you are consuming the housing while the market does its thing. We have sold in this building before and it shows well. Units with the two-storey layouts are the ones worth watching for.