As the demand for condos in Toronto continues to increase rapidly, it's no surprise that prices are surging. Not only has the average price per square foot spiked considerably, but developers are making larger condos which are draped in luxury and demand a price tag to match. So what do you get for your money?
Let's take a look at the most expensive condo buildings in Toronto right now.
1. Four Seasons Private Residences
Four Seasons are responsible for some of Toronto’s most expensive condos, including a $36 million penthouse. Their average price per square foot is $1,296, one of the highest in the city. However, it’s certainly worth it for the lucky residents, who get to enjoy all the luxuries of a five-star hotel in their own home. With 12 ft ceilings, floor-to-ceiling windows, breathtaking city views and all the amenities of the hotel, it's no wonder this address is so desirable.
2. U Condos
When it comes to price per square foot, U Condos pips Four Seasons to the post as the most expensive building, with residences averaging $1,319 per square foot. Current listings include a 3 bed, 4 bath apartment listed at $3,750,000, or $2,435 per square foot. For this small fortune residents can enjoy a unique, yet extremely convenient and desirable location, as well as sophisticated and luxurious finishes and an impressive list of amenities including a library, billiards room, gym and steam room.
3. Mirvish and Gehry Condos
Mirvish and Gehry are the pre-construction condos to watch out for, coming to King Street West in 2021. Though currently pre-construction, it is estimated that prices will begin at $400,000 for a one bedroom unit, increasing for the larger two-three bedroom suites, with an average price per square foot of $1,100. The mixed-use building will house office space, retail units, and condo amenities as well as residential suites, for a luxurious experience of urban living. The development will consist of two striking towers, standing super-tall with one tower measuring 305 meters and the other 275 meters. This development is sure to offer incredible city views and unbelievable luxury for those lucky enough to call it home.
4. 80 & 100 Yorkville Avenue Residences
It’s no surprise that this prestigious address is one of the most expensive in Toronto, with an average price per square foot of $1,405. Not only is the location one of the most desirable in the city, but this historic building offers unrivaled elegance and luxury in every suite, as well as a long list of amenities including a pool, sauna, gym, concierge and more. The smallest suites are just 732 square feet, with all condos featuring balconies, 10-foot ceilings, 8-foot windows, a parking space and a locker. The full story penthouse is currently on the market at $12,900,000, offering the lucky buyer three bedrooms, four bathrooms, valet parking and outdoor living space with unobstructed 360-degree views of the city, with a total of over 5,000 square feet.