The price of penthouse real estate in Toronto
To put things into perspective, the typical price of buying 1 bedroom condos is $679,182, whereas the price for one of Toronto’s most expensive penthouses is anywhere from $2 million to $15 million. Penthouses are more expensive than traditional housing options or regular condos since the square footage can be much more than other condos, and because, simply put, they’re luxurious!
These luxurious penthouses also often come with walk-in closets, panoramic views, a wine cellar, the option of modern marble floors or traditional walnut hardwood flooring, and those classic floor-to-ceiling windows that define an expensive condo. These fanciful penthouses are also often in the hottest neighborhoods in downtown Toronto and, as such, are some of the more expensive condos due to the location, square footage, and sheer size of the condo.
Top expensive condos in Toronto
There’s no shortage of amenities in downtown Toronto, so it makes sense that neighborhoods surrounding cultural hotspots are seeing an increase in luxury listings for expensive penthouses. When it comes to finding luxury condos with views of the city, the market puts a hefty price tag on penthouses to ensure the sale of these incredible suites is taken seriously.
Instead of doing a “10 Most Expensive” list, we’ve listed some of our favorite luxury condos in Toronto that can be a fantastic real estate investment or lovely family home for you and your loved one.
The Four Seasons
This incredible property is managed by Lifetime Developments and the corner-unit is a whopping $13.9 million. This expensive condo property is in the Yorkville district of Toronto and features a glass-enclosed party room and a 2-story spa. The 55th-floor corner unit offers views of the Yorkville area and with floor-to-ceiling glass, this penthouse makes for the perfect backdrop for an Instagram-worthy photo op. The Four Seasons is a condo-hotel hybrid that offers hotel rooms in addition to residential units. Residents can enjoy the amenities on-hand and bask in a master suite while taking in views of the Toronto skyline.
16 Harbour St.
This building features incredible architecture, and units with 3 bedrooms and 5 bathrooms. The property features modern kitchen appliances and has an asking price of $7.2 million. Each unit has floor-to-ceiling windows and a large family room in addition to a private sky pool. The 54th and 55th floors feature palatial luxury suites up to 4,750 square feet. with separate entrances and concierges. Take advantage of these units for sale to see stunning daily views of the CN Tower, the city, and Lake Ontario from the master bedroom.
346 Davenport
property is close to the Nordheimer Ravine and perfect for people looking for rest from the big city, while still remaining close enough to enjoy the perks of living in Toronto. The size of this luxury condo is enough to make you want to call it home. The top units in the condo’s asking price vary from $2.5 to $5 million. With multiple bathrooms, modern kitchen appliances, and a large living area, these luxury properties are perfect for a high-class societal ranking within Toronto.
