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Fly Condos — 5 Hanna Ave, Toronto, ON Liberty Village Condos

Quick Answer

Fly Condos at 5 Hanna Ave is a 315-unit, 16-storey condo completed in 2013 on Hanna Avenue — the heart of Liberty Village's heritage loft strip. One-bedroom condos rent from $2,360/month. The building has among the lowest maintenance fees for its size at $0.63/sqft/month, and its Hanna Ave location gives residents the feel of loft-row character in a modern condo building.

Key Takeaways

  • ✓On Hanna Ave's heritage loft strip — surrounded by the character of Liberty Village's most iconic streetscape
  • ✓Among the lowest maintenance fees in the neighbourhood at $0.63/sqft
  • ✓Consistent investment performance with high rental demand on Hanna Ave
  • ✓16-storey height provides good city views without the noise of taller King/Dufferin towers
  • ✓Balzac's Coffee and GoodLife Fitness are a short walk down Hanna Ave

Quick Facts

Year Built

2013

Total Units

315

Floors

16

Type

Condo

1BR Avg Rent

$2,360/mo

2BR Avg Rent

$3,200/mo

Walk Score

89/100

Transit Score

94/100

Developer: Urbancorp

Maintenance Fee: ~$0.63/sqft/month

Amenities

GymRooftop TerraceParty RoomConciergeBike StorageParking AvailableStorage LockersPet Friendly
Condo

Condo Corporation

Fly Condos is governed by a registered Ontario condo corporation under the Condominium Act, 1998. Unit owners are members of the condo corporation and pay monthly maintenance fees to cover building insurance, common area maintenance, reserve fund contributions, and shared utilities.

Current maintenance fees run approximately $0.63/sqft/month. For a typical 600 sqft one-bedroom unit, this represents approximately $378/month. Buyers should always request a current status certificate to verify maintenance fee amounts, reserve fund balance, any pending special assessments, and any existing by-laws that restrict use (rental restrictions, pet policies, smoking policies).

The condo corporation at Fly Condos is responsible for building HVAC, elevator maintenance, roof, windows, common corridors, and parking structure. Individual unit owners are responsible for their own interior finishes, appliances, and in-suite plumbing and electrical. For major building decisions, owners attend the Annual General Meeting (AGM) to vote on budgets, board elections, and special resolutions.

Nearest Local Businesses

Services and amenities within walking distance of Fly Condos.

Balzac's Coffee Roasters

coffee-shops

4.3 ★ (687 reviews)

View →

GoodLife Fitness Liberty Village

gyms

3.8 ★ (456 reviews)

View →

Sweet Flour Bake Shop

bakeries

4.5 ★ (234 reviews)

View →

Liberty Village Physiotherapy & Rehab

physiotherapy

4.3 ★ (176 reviews)

View →

Transit

TTC

504 King streetcar at Dufferin (4 min walk)

Walk Score: 89 · Transit Score: 94 · Bike Score: 82

Liberty Village parking guide →

Pro Tips

  1. 1. Hanna Ave is one of Liberty Village's quietest streets relative to its central position — a genuinely peaceful residential corridor in an urban setting.
  2. 2. The low maintenance fees have allowed Fly's reserve fund to grow steadily; verify reserve fund balance in the most recent status certificate.
  3. 3. Units on the upper east side of the building overlook Toy Factory Lofts' rooftop terrace — not ideal for privacy but entertaining for social observation.
  4. 4. The building's concierge can facilitate moves and large deliveries more efficiently than buildings without concierge staff — useful when moving in.

Pros & Cons

Pros

  • ✓Lowest maintenance fees of its tier at $0.63/sqft/month
  • ✓Hanna Ave location with heritage streetscape character
  • ✓Strong rental investment performance
  • ✓Pet-friendly building on a quiet, walkable street
  • ✓Concierge service for a modern mid-size building

Cons

  • ✗Relatively standard amenity package for a 2013 build
  • ✗No pool or yoga studio compared to some competitors
  • ✗Urbancorp buildings have had mixed condo corporation performance in Toronto

Fly Condos — Frequently Asked Questions

What is the average rent at Fly Condos on Hanna Ave?▼
One-bedroom condos at Fly Condos (5 Hanna Ave) average $2,360/month, and two-bedroom units average $3,200/month. The Hanna Avenue location on Liberty Village's heritage strip commands a slight premium over comparable buildings on East Liberty Street.
What are the maintenance fees at Fly Condos?▼
Fly Condos maintenance fees are approximately $0.63/sqft/month — among the lowest in Liberty Village for a 2013 condo building with concierge, gym, rooftop terrace, and party room. This makes Fly Condos a particularly cost-effective ownership proposition.
Is Fly Condos on Hanna Ave pet-friendly?▼
Yes, Fly Condos at 5 Hanna Ave is pet-friendly. Hanna Avenue is one of the neighbourhood's most pedestrian-friendly streets, and the immediate proximity to Liberty Village's pedestrian corridor makes it excellent for dog owners.
What year was Fly Condos built?▼
Fly Condos was completed in 2013 by Urbancorp. The building sits on the Hanna Avenue heritage strip between Liberty Lofts (2002) and Toy Factory Lofts (2004), giving it a modern condo profile in one of Liberty Village's most character-rich streetscapes.
Does Fly Condos have a concierge?▼
Yes, Fly Condos has concierge service. For a 315-unit building at 5 Hanna Ave, the concierge is particularly useful for managing deliveries, visitor access, and amenity bookings on the busy Hanna Avenue corridor.
How does Fly Condos compare to Toy Factory Lofts next door?▼
Fly Condos (5 Hanna Ave, 2013, condo) is a modern soft-loft-style condo tower, while Toy Factory Lofts (43 Hanna Ave, 2004, hard loft) is an authentic factory conversion. Fly typically has lower maintenance fees and more predictable building systems; Toy Factory offers authentic heritage character. Both are on the same Hanna Ave strip.

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