Ltd is a 52-storey high-rise residential tower developed by Graywood Developments Ltd and completed in 2011. The building contains 158 units and represents the mid-rise residential development wave that transformed this part of downtown Toronto in the 2010s. As a high-rise, it offers the density and amenity infrastructure typical of major downtown residential properties, with services and common areas designed to support a large resident population. The building's age and scale make it a well-established presence in the King West and Niagara corridor, with systems and finishes that have been maintained over more than a decade of operation.

Ltd is situated at the intersection of Niagara and Toronto streets in downtown Toronto's M5V postal code. This location offers immediate proximity to St. Andrew subway station, providing quick transit access across the city. The area is one of Toronto's most walkable neighbourhoods, with King West just steps away offering restaurants, bars, galleries, and retail shops. The neighbourhood is densely populated and attracts young professionals, students, and anyone seeking downtown urban living without a car. Transit connections are excellent, and the building sits within walking distance of the St. Lawrence Market, the Distillery District, and the Harbourfront, making it appealing for those who prioritize access to cultural and entertainment venues.

Units in Ltd typically range around 600 square feet on average, with bedroom counts averaging 1.5, suggesting a mix of one-bedroom and two-bedroom layouts. This sizing is common for downtown high-rise residential stock and appeals to couples, small families, and professionals seeking efficient, centrally located homes. Prospective renters should ask about maintenance fees, utilities included in rent, pet policies, and parking availability, as these vary significantly in downtown towers. The current rental market shows units leasing for approximately $2,648 per month, though this varies by unit size, finishes, and floor level. When evaluating a unit, consider natural light from your building's aspect, proximity to elevators, and noise levels from street traffic, as downtown high-rises can be subject to urban noise and congestion. Review the building's financial health through condo documents if purchasing, and understand what amenities are included in maintenance fees.