About Library District
Library District is a 29-storey high-rise residential tower built in 2014 by Context Developments in Toronto's Waterfront Communities. With 364 units ranging from one-bedroom homes around 650 square feet to larger layouts, the building offers options across a wide price spectrum. Currently, you'll find units listed for sale between $409,000 and $779,000, with rentals averaging $2,417 per month, making it an active market for both buyers and renters seeking downtown waterfront living.
Located in the M5V postal area near the Toronto waterfront, Library District sits within walking distance of the Distillery District, Queens Quay Terminal, and easy access to the Harbourfront. Transit connections include the Spadina streetcar and the Eaton Centre shopping district just north. This neighbourhood appeals to young professionals and families who want urban convenience with waterfront proximity and lakefront recreational access.
Frequently asked questions
What type of building is Library District?
Library District is a 29-storey high-rise condominium built in 2014 by Context Developments. The building contains 364 units in total, making it a significant residential property in the Waterfront Communities neighborhood. As a high-rise, it offers amenities typical of modern Toronto condos, including common areas, fitness facilities, and maintenance services supported by resident fees. The building was designed to fit within the evolving waterfront skyline while providing diverse unit types to accommodate different household sizes. Most units fall in the one to two-bedroom range, with average sizes around 650 square feet, though larger layouts are also available.
What's the neighbourhood like around Library District?
Library District sits in the heart of Toronto's Waterfront Communities, an area known for its lakefront access, cultural institutions, and mixed-use development. You're within walking distance of the Distillery District's shops and restaurants, the Harbourfront Centre, and Queens Quay Terminal. Public transit is strong, with the Spadina streetcar providing north-south connections and the Eaton Centre and downtown core just a short distance away. The area has evolved into a vibrant residential and commercial hub with parks, waterfront trails, and year-round events. It's particularly appealing for those who want downtown access without sacrificing proximity to green space and the water.
What should buyers and renters consider about Library District?
For renters, Library District offers flexible options in a central location where studios and one-bedroom units dominate the market, with average monthly rents around $2,417. The building's age (built in 2014) means systems and finishes are well-established, though you'll want to review the status of any recent capital improvements or planned upgrades. Buyers should be aware that maintenance fees are part of condo ownership and vary by unit size and location within the building. When evaluating a specific unit, consider your proximity to the waterfront views, balcony orientation, and proximity to transit connections like the Spadina streetcar. Check the building's pet policy and parking options, as these vary by unit and can affect your monthly costs and lifestyle. Reviewing the condo's financial statements and reserve fund study will give you a clear picture of the building's long-term stability.