Liberty Village One Bedrooms: What Is a Parking Spot Actually Worth?

Rachel Currey July 14, 2026

Every Liberty Village buyer eventually asks the same question: do I really need the parking spot? This time we pulled the data both ways. Every one bedroom condo that sold or leased through MLS in Liberty Village between January 1 and June 30, 2026, split into two groups: units with parking and units without. That came to 62 sales and 287 leases across the towers on East Liberty, Western Battery, Hanna, and Ordnance. The answer to the parking question is more interesting than we expected.

Sales: 40 with parking (average $555,608, $847 per sq ft, median 22 days on market) and 22 without (average $464,554, $834 per sq ft, median 20 days).

Leases: 165 with parking (average $2,669 a month, $4.11 per sq ft, median 13 days) and 122 without (average $2,279, $4.09 per sq ft, median 15 days).

The short version

At first glance the parking premium looks enormous: units with parking sold for $91,000 more and rented for $390 more a month. But hold on. The units with parking are also bigger, averaging 658 square feet against 563 for the no parking group. Most of that gap is size, not the spot. Price the two groups per square foot and they nearly converge: $847 with parking, $834 without on the sales side, and a nearly identical $4.11 versus $4.09 a month on rent.

The honest comparison is same size units. Among 600 to 699 square foot one bedrooms, the ones with parking sold for about $32,000 more and rented for about $222 more a month. Keep those two numbers in mind, because together they say something surprising about what the spot itself earns. We will get there.

What sold, and for how much

The 40 sales with parking ran from $410,000 on Western Battery Road to $825,000 for a loft on Hanna Avenue, with the average at $555,608. The 22 sales without parking ran from $390,000 to $555,000, averaging $464,554. Two different price ladders for two different buyers: the no parking group is the entry ticket into Liberty Village, and the market treats it that way.

Bar chart of Liberty Village one bedroom sales by price range, with and without parking, January to June 2026

And here is the first delta worth knowing. The cheaper no parking units were the competitive ones. They sold in 23.5 days on average against 38 for units with parking, at an average of 99.5 percent of asking against 96.7, and 6 of the 22 went over asking. In February the average no parking sale closed at 107 percent of list. Entry priced units in this neighbourhood are getting bid on while the bigger parking units sit and negotiate.

Line graph of average sold price per square foot by month for Liberty Village one bedrooms, with and without parking

With only 2 to 9 sales per group in any month, these lines bounce. February's spike was a handful of premium sales in both groups. The quarter over quarter picture is steadier: units with parking held flat at about $847 per square foot from Q1 to Q2, while the no parking group slipped from $857 to $800. When the market softens, the entry stock reprices first.

The rental machine

Liberty Village is one of the deepest rental pools in the city, and the first half proved it again: 287 one bedroom leases in six months. Units with parking averaged $2,669 a month, units without $2,279. The per square foot rents are almost identical, so once again the raw gap is mostly size. Rents firmed through the spring in both groups, and May was the strongest month, with the average parking unit fetching $2,709.

Line graph of average monthly rent by month for Liberty Village one bedrooms, with and without parking

Speed tells the same story from another angle. The median lease with parking was signed in 13 days, and 56 percent were done inside two weeks. Without parking the median was 15 days and 49 percent inside two weeks. Tenants in this pocket pay full ask and move fast, and they move a little faster when there is a spot downstairs.

Bar chart of average days on market for sales and leases, with and without parking Bar chart of monthly lease counts for units with and without parking

The busiest addresses will be familiar to anyone who has walked East Liberty on a Saturday: 19 Western Battery Road led with 41 transactions, then 150 East Liberty, 125 Western Battery, and the cluster at 51, 65, 75, and 85 East Liberty, with 30 Ordnance rounding things out.

More on buying smart in and around Liberty Village.

So what is the spot worth?

Measure	With parking	Without parking	The delta
Sales / leases	40 / 165	22 / 122
Average sold price	$555,608	$464,554	+$91,054
Average unit size	658 sq ft	563 sq ft	+95 sq ft
Average price per sq ft	$847	$834	+$14
Same size sold price (600 to 699 sq ft)	$542,622	$510,444	+$32,178
Average rent	$2,669	$2,279	+$390
Same size rent (600 to 699 sq ft)	$2,638	$2,416	+$222
Sale DOM (avg) / % of list	38 / 96.7%	23.5 / 99.5%
Average maintenance fee	$586	$438	+$148

Comparing same size units, the spot adds roughly $32,000 to the price and $222 to the monthly rent. Run that as its own little investment: $222 a month is about $2,700 a year on a $32,000 asset, a gross yield of roughly 8.3 percent. The unit around it yields about 5.8. On these numbers, the parking spot is the hardest working square footage in Liberty Village. Two honest caveats: the same size samples are small, especially on the no parking side, and part of the higher maintenance fee on parking units is the spot's share of fees, which nibbles at that yield. Directionally, though, the data is clear. If you are buying to hold and rent, buy the spot.

Flip it around for end users on a budget: if you do not own a car, skipping the spot saves you around $32,000 up front and about $148 a month in fees, and when you sell, the data says your unit will move faster and closer to asking. There is no wrong answer here, just two different strategies.

Renting vs buying: we ran the math on both groups

Same exercise we ran for Mimico and Islington City Centre, with one twist: we ran it for both groups. Take the average one bedroom with parking at $555,608 with 10 percent down, a 4 percent five year fixed rate, and a 25 year amortization. Down payment $55,561, mortgage insurance of $15,501 rolled in, a $515,549 mortgage, and a payment of $2,712 a month. Add the $586 maintenance fee and about $241 a month of property tax and owning runs $3,539 a month against average rent of $2,669.

Now the five year comparison of money nobody gets back. The renter pays $160,140 over the term. The owner's interest, fees, and taxes come to $145,595. Owning wins by about $14,545 with just 10 percent down, and by $27,773 with 20 percent down, before counting the $66,743 and $57,544 the two owners respectively knocked off their mortgages. This is the strongest own versus rent math of the three neighbourhoods we have run this month, and it is because Liberty Village rents are high relative to its prices.

The no parking group is stronger still. The average unit at $464,554 rents for $2,279, and the same math says owning beats renting by about $17,673 with 10 percent down and $28,733 with 20. We also stress tested the rate on both groups, and this is where Liberty Village stands alone: owning won every single scenario we ran, both groups, both down payments, at 3.5, 4, and even 4.5 percent. The narrowest escape was the 10 percent down buyer with parking at 4.5 percent, who still finished about $2,225 ahead of the renter.

Line graph of cumulative rent paid versus unrecoverable ownership costs over a five year term in Liberty Village

End of year	Rent paid	Owner costs, 10% down	Owner costs, 20% down	Paid down, 10%	Paid down, 20%
Year 1	$32,028	$30,155	$27,366	$12,313	$10,616
Year 2	$64,056	$59,812	$54,304	$25,123	$21,660
Year 3	$96,084	$88,952	$80,795	$38,451	$33,151
Year 4	$128,112	$117,554	$106,822	$52,317	$45,106
Year 5	$160,140	$145,595	$132,367	$66,743	$57,544

Bar chart showing how much owning saves versus renting at 3.5, 4, and 4.5 percent rates in Liberty Village

The usual honest caveats. Getting in takes real cash: $55,561 down at 10 percent on the average parking unit or $111,122 at 20, plus Toronto land transfer tax and legal fees. Rates change at renewal. Condo fees rise, and Liberty Village fees have a history of doing exactly that. Prices can fall as well as climb. And we are realtors, not financial advisors or mortgage brokers, so treat this as a starting point for a conversation, not a plan.

The numbers, month by month

Month	Sales w/ pkg	$/sq ft w/ pkg	Sales no pkg	$/sq ft no pkg	Leases w/ pkg	Rent w/ pkg	Leases no pkg	Rent no pkg
Jan 2026	6	$807	4	$849	25	$2,623	18	$2,215
Feb 2026	6	$911	4	$929	23	$2,698	27	$2,316
Mar 2026	9	$833	5	$806	34	$2,632	26	$2,267
Apr 2026	8	$819	4	$802	30	$2,644	20	$2,254
May 2026	9	$867	3	$804	30	$2,709	14	$2,325
Jun 2026	2	$872	2	$788	23	$2,724	17	$2,296

Thinking about your own unit? Whether it comes with a spot or not, we can tell you exactly what it would sell or lease for in today's market. Reach out and we will run the numbers on your exact building, no pressure and no obligation. Get in touch, explore our neighbourhood guides, or join the newsletter.

Rachel Currey
Liberty Village Real Estate Expert
Dave Dubbin & Associates, Real Estate Broker for Etobicoke and Toronto

About the data. Source: Toronto Regional Real Estate Board MLS, one bedroom condo apartments (including one plus den) in Liberty Village, Toronto, firm sales and leases closed January 1 to June 30, 2026, split into units with at least one parking space and units with none. Price per square foot is calculated on the midpoint of each listing's reported square footage range. Averages are simple averages across all transactions, and monthly sale samples are small, between 2 and 9 per group. The same size comparison uses listings reporting 600 to 699 square feet. The renting vs buying comparison assumes each group's average sold price, either 10 percent down with CMHC insurance of 3.1 percent added to the mortgage or 20 percent down with no insurance, a 4 percent fixed rate compounded semi annually over a five year term with a 25 year amortization, each group's average maintenance fee ($586 with parking, $438 without) and average property taxes ($2,893 and $2,509) from the sold listings, and rent held flat at each group's average. The rate comparison repeats the same math at 3.5 percent and 4.5 percent, holding everything else constant. It excludes utilities, insurance, closing costs, rate changes at renewal, and any change in property value, and it is general information, not financial advice. Information is deemed reliable but is not guaranteed, and past performance is not a promise of future results. Not intended to solicit properties currently under contract.