Liberty Market Lofts, 5 Hanna Ave: Two-Storey Lofts with 17-Foot Ceilings

Liberty Market Lofts is the building I show buyers who want a loft layout in Liberty Village but do not want a 100-year-old factory. Most of its roughly 300 suites are two-storey plans with 17-foot living room ceilings, built new in 2013, and it sits right beside the Liberty Market building on Hanna Avenue. The double height is the reason to buy here, and it is also the thing you need to test before you do. I’m Jatin Dua, RE/MAX Quantum Realty.

Soft lofts, designed as two-storey homes

The defining feature here is the section, not the finishes. Wallman Architects describes most suites as two-storey units, with living, dining and a work area on the lower level and bedrooms and bathrooms upstairs, looking down over a double-height living room. UrbanToronto reported living room ceilings of 17 feet during construction, and Toronto Life measured the same 17 feet in a corner suite it profiled in 2014.

That is a different product from a conventional condo where every room has a 9-foot ceiling. You get a wall of glass two floors high, a mezzanine-style bedroom level, and a plan that feels closer to a townhouse than an apartment. You also get a staircase inside the suite, which matters if you are planning to stay into your later years or have small children.

Not every suite is a two-storey plan. The size range on condos.ca runs from about 544 to 1,610 sq ft, and the smaller one-bedrooms and some corner units may be single-level. When you book a showing, ask the listing agent whether the suite is a two-level loft or a flat, because the two trade very differently.

The architect also calls these live-work suites. If you plan to run a business from home, check what the declaration and the City’s zoning actually allow before you rely on it. Live-work in a marketing sheet is not the same thing as a permitted commercial use.

Brick bands, metal balconies and a birch forecourt

Wallman designed the building as an L-shaped plan that wraps a south-facing forecourt planted with birch trees, with diagonal paths and seating. A through-lobby connects that courtyard to a laneway on the north side, so the ground floor works as a short cut as well as an entrance.

The exterior is a deliberate nod to its neighbours. Bands of red masonry pick up the brick of the older Liberty Market building at 171 East Liberty Street next door, and metal-framed balconies give it an industrial look that references the old Liberty Village factories. Because the suites are two storeys, the balconies appear on every second floor, which is why the building looks shorter than it is.

That leads to the one fact sources do not agree on: height. Condos.ca lists 8 storeys, UrbanToronto’s 2011 construction story said 12, and the architect’s project page says 13. The two-storey suites likely explain much of the gap, since one loft can count as one level or two. The registered plan is the reference if it matters to you.

An amenity floor built around the half-court

The amenity package is better than most mid-rises in Liberty Village. The architect describes a fitness centre with an indoor basketball half-court, exercise rooms and a yoga room, plus offices, meeting rooms and an art gallery space beside the lobby. Toronto Life also noted a guest suite and a dog washing and grooming room. Interior amenity spaces were designed by Kelly Cray of Chapman Design, according to UrbanToronto.

For people who work from home, the meeting rooms are the sleeper feature. Being able to book a room downstairs for a client call is more useful day to day than a pool you rarely visit.

Liberty Village, ten years on

When Toronto Life profiled a suite here in 2014, it described the immediate surroundings as mostly parking lots, with the summer farmers’ market a short walk away. Liberty Village has filled in a great deal since then, so if you last looked at this corner a decade ago, walk it again before you decide.

Daily life here is about walking: the neighbourhood is compact, King Street West is to the north, and nearby food and parks are listed in the data panel on this page. The commute is the common complaint in Liberty Village, and transit options and scores are in the panel too. If you drive, ask whether the suite comes with parking; Toronto Life’s profiled suite had one space and one locker, but that is not a building-wide guarantee.

What Liberty Market Lofts costs per square foot

Condos.ca puts the building average at about $930 per square foot. That is a meaningful premium over many Liberty Village towers of the same age, and it is the market paying for the double-height plan. Suites here feel bigger than their square footage, because the area does not count the open volume over the living room.

In October 2026 there were five suites for sale and four for rent. One-bedroom asking prices ran from about $519,000 to $679,000 across three listings, and two-bedrooms from about $945,000 to $1,079,000 across two. Fees on those listings ranged from about $430 to $880 a month, which works out to roughly $0.80 per square foot.

Fees are reported to include heat and water, with hydro on your own account. At about $0.80 a foot this is in line for a 2013 building with a full amenity floor. If you want to see what has actually sold here, my building sold report covers it in aggregate.

Building specifications

Amenities at Liberty Market Lofts

The half-court and yoga room mean you can realistically skip a gym membership, and the meeting rooms suit anyone running a business from home. There is no pool, which helps keep fees in check.

Jatin’s honest take on Liberty Market Lofts

Liberty Market Lofts — frequently asked questions

Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.