Toronto is filled with expensive condos now. People also have the money to buy them. The luxury real-estate market is expected to grow more in the coming years. The real estate sales of more than $1 million have increased significantly over the past few years, and the trend will continue. Factors such as limited inventory, strong domestic and international demand, and lower interest rates has contributed to the luxury real estate market in Toronto. We are here to help you navigate this complex market. Here are the most expensive condos for sale in Toronto.
1. West Penthouse, Four Seasons Hotel and Private Residences
It is the most expensive condo ever sold in Toronto. It had more than 9,000 square feet of living space, and its price was $28 million. It is atop the 55-storey West Residence building. You will love the panoramic views from here. There is a floor-to-ceiling glass galleria. There is a separate staff residence which provides private living spaces for the household staff of the owner. The owner and all the residents can use all the facilities of the hotel including housekeeping and room services. The service charge will be $7,000 a month.
2. Faux-English manor in Hoggs Hollow
The selling price of this condo was $15.3 million. It has 8,000 square feet of living space. There are five bedrooms and six bathrooms. The exterior is constructed using brick and limestone. Most of the interior has mahogany wood paneling. There are a home theater and gym in the basement.
3. 88 Davenport Road West, Penthouse 3, Annex
This condo is up for sale for $15.8 million. It occupies the top of The Florian. It has the mother of pearl inlays, marble flooring, Venetian plaster and all the luxuries you can think. It is the most expensive condo for sale in the luxury real estate market in Toronto today.
4. 50 Yorkville Ave., Suite 2401, Annex
The asking price for this condo is $13.5 million. Its terrace is more than 2,000 square foot. It is at the Four Seasons Hotel and Residences. The 3, 843 square foot unit has ensuite baths for, spacious library, luxurious kitchen, and other outstanding features.
You cannot imagine how much the demand is for Toronto luxury real estate today. People from abroad are buying most of the luxury condos in Toronto. The buyers of these condos want a special place to live, so they are not concerned about the price. The real estate market of Toronto has attracted customers from around the world. A survey shows that 60% of the investors buy condos in Toronto to rent them out. The demand for these expensive condos will not diminish. People are ready to pay the high price for the luxury and comfort. So, we can expect more expensive condos for sale in Toronto in future. Check out with your realtor for the current listings.
Phone: (647) 360-7020
URL of Map