The Condos.ca Downtown Condo PSF Ranking* presents . . .
Five Must-See Luxury Condos in Toronto
As the real estate spring season takes off, we thought we’d showcase some of the most expensive condos in Toronto. There are many factors that contribute to a condo’s asking price — location, exposure, design finishes, building amenities, among others. But does the combination of these things always equal the price tag? Let’s find out.
First up, The Hazelton, Unit 703
$15,000,000 / 6384 sqft
Location: 118 Yorkville Avenue in Toronto’s stylish Yorkville neighbourhood. Filled with bars, galleries, and designer shops, this luxury condo really is at the centre of everything Yorkville has to offer. Bonus points for walking score.
Exposure: North-facing, corner unit with six balconies —WHAT? SIX?—and this isn’t even the biggest condo in the building. Anyway, it seems safe to say that this condo enjoys a selection of exposures, each offering a unique sunrise or sunset vista.
Interior finishes: Daring to upstage the number of balconies, this condo has nine rooms, four of which are bedrooms. Other finishes include stone floors and countertops, lavish chandeliers, five fireplaces—let’s just say this place looks like a royal palace.
Amenities: If you lived here, you’d enjoy private elevator access, luxury concierge service, a swimming pool and sauna, and a huge wine cellar. The private elevator is a sign of the unit’s exclusive character, a coveted quality in condo real estate that can really bump up a unit’s value.
PSF Verdict: $2,350/sqft — There is a definite “prestige-factor” coming into play with this condo. Potential buyers will most likely love the idea of owning something that is truly one-of-a-kind.
$13,900,000 / 3914 sqft
Location: 50 Yorkville Avenue is also in the chic Yorkville neighbourhood, but it’s on the east side of Bay Street, closer to Yonge. While it’s technically a teeny-tiny bit farther away from all the hot bars and designer shops, it is closer to Bloor-Yonge Subway Station and the many shops and services of the Hudson Bay Centre. All in all, it’s less central for Yorkville but more connected to the city at large.
Exposure: The north-west balcony can be accessed from the kitchen, bedroom, and sunroom. As the sub-penthouse in a 34-storey building, this condo enjoys striking, unobstructed views of the city and great sunset vistas all year-round. Not bad, not bad.
Interior finishes: Big points for the badass soaker tub beside a bright, floor-to-ceiling window. Also, this condo has 12-foot ceilings, a library with two-sided fireplace, plus his and her ensuite baths with customized closets. Feels like a Yorkville pied-a-terre for some A-list couple.
Amenities: Here’s the kicker. The Four Seasons Private Residences receive access to the hotel’s 5-star guest services, including room service and cleaning. It’s the ultimate condo living experience. On top of that, the building provides luxury concierge service, a business centre, a gym and spa with a swimming pool, whirlpool, sauna, and more.
PSF Verdict: $3,551/sqft — Luxury hotel amenities instantly increase the convenience factor of a condo, making a unit like this SUPER valuable for working professionals that travel often on business.
Next up, 36 Hazelton, Unit 4A
$5,995,000 / 2654 sqft
Location: Can you guess? Yorkville! 36 Hazelton Avenue. Tucked away from the main bustle of Yorkville, this seven-storey building has an attractive, intimate vibe on a quiet, tree-lined street. Still close to all the excitement of Yorkville, including the convenience of nearby Yorkville Village mall, 36 Hazelton is an unquestionably coveted address.
Exposure: The east-facing walkout terrace would be a lovely place to enjoy a morning coffee while the sun slowly rises. Since Hazelton Avenue runs north-south, the east exposure looks out over the street with unobstructed views of the neighbourhood.
Interior finishes: In keeping with the intimate character of the building, this condo is designed with a large gas fireplace at its centre, but large windows and 10-foot ceilings create a sense of openness. There are stone countertops in the kitchen and bathrooms, and the two bedrooms enjoy heated floors.
Amenities: The building amenities are minimal but well-suited. Residents enjoy 24-hour concierge service, valet parking, a gym and billiards room, plus a car wash and a dog wash facility. Once more, 36 Hazelton is catering to the style of condo living that is both luxurious and comfortably domestic.
PSF Verdict: $2,259/sqft — Location is a major player in the price of this condo. Hazelton Avenue is a secluded haven within the day-and-night bustle of Yorkville. The unit’s interior finishes and design are also driving the price, with special features such as the heated floors.
In 4th place, U Condominium, Unit 5201
$3,299,000 / 2929 sqft
Location: Wow! A new neighbourhood. 1080 Bay Street gets some mega points because of how many key destinations are within easy walking distance. Residents can pop over to the University of Toronto, The Royal Ontario Museum, the Discovery District, Bloor Street designer shopping, Yonge Street, and Toronto’s Financial District.
Exposure: Who wouldn’t love two balconies on the south-west and south-east corners, plus floor-to-ceiling windows for a sense of living among the clouds. At sunrise and sunset, the whole southern horizon and most of downtown Toronto can be seen from this home. That’s tough to compare.
Interior design: With white walls, maple engineered floors, and 10-foot ceilings, the minimal design leaves this condo open to the imagination of the owner. The open-concept, upgraded kitchen with solid granite countertop, Miele appliances, and four-seat breakfast bar is both a chef’s heaven and a great place for entertaining guests, while a deep soaker tub with a view tops off the lavish bathroom.
Amenities: U Condominium is a new building, registered in 2016, and it’s catering to a luxurious, urban lifestyle. Residents benefit from a gym, games room, sauna, sunroom lounge, and concierge service.
PSF Verdict: $1,126/sqft — This condo is stacking up the points with its incredible south-facing exposure and the upgraded interior designs. It’s a 4 bed | 5 bath unit, and every room is bright, elegant, and open to new layouts and stylings.
And lastly, Residences of the Ritz-Carlton, Unit 4802
$2,995,000 / 2536 sqft
Location: 183 Wellington Street in the King West neighbourhood, east of Spadina. For those that don’t know this area, it’s the hotspot for red-carpet entertainment in Toronto. The TIFF Bell Lightbox, Princess of Wales Theatre, and the CBC studios are among the many leading entertainment venues found here.
Exposure: The north-east facing floor-to-ceiling windows will fill this condo with sunlight throughout most of the day. As a 52-storey building, although there is no balcony, the views from the kitchen and living room windows are unobstructed.
Interior design: With wood flooring and stone countertops, this condo has the established feeling of a cozy house. Each room is spacious, bright, and clearly defined as a separate, functional space, which is a rare find in high-rise condo towers.
Amenities: Residences of the Ritz-Carlton is another one of these luxury hotels that also offer private condo residences. Living here, you get access to all the luxury hotel services, including the full concierge, business centre, hotel dining, full-service spa, and an indoor swimming pool. Pretty sweet stuff.
PSF Verdict: $1,181/sqft — This last condo seems reasonably priced for what it offers in each category. The popular location and the luxury hotel amenities are both heavy-hitting price points, plus the condo’s design is a unique find for high-rise towers. For a place like this, $1,000+/sqft should be expected.