Only 2 Of Canada's 10 Most Expensive Penthouses Are In Toronto

When it comes to luxury real estate, Vancouver is still at the top of the list. Toronto, on the other hand, is a little further down than you'd expect.

According to a new report from Point2 Homes, Toronto is the most affordable penthouse market in Canada. The real estate blog compiled a ranking of the 10 most expensive penthouses for sale in Canada and lo and behold, the last two are located in Toronto.

READ: Inside 3 Of Toronto’s Most Expensive Luxury Homes For Sale Right Now

Toronto and Montreal were the only cities outside of B.C. to make the list. Montreal also had two luxury penthouses on the list, however, they ranked much higher than the Toronto properties with listing prices of $15.435M and $13.435M each.

READ: Montreal Set To Dethrone Toronto And Vancouver As Luxury Real Estate King Of Canada

The rest of the ranking included five listings in Vancouver and one in Victoria.

Shockingly, Toronto's two properties (5401-16 Harbour St. and SPH1-261 Queens Quay E.) are nearly double the size (and almost $5M cheaper) than the two Vancouver penthouses that secured the fifth and sixth spots. Although we imagine the insane ocean views on those properties probably played a huge role in their pricing.

Check out the full top 10 ranking below.

10. 5401-16 Harbour St., Toronto

Price: $7,250,000Bedrooms: 3Bathrooms: 5Square footage: 4,616

1458752296 Photo via regents.com

9. SPH1 - 261 Queens Quay E. Aqualuna Terrace Collection, Toronto

Price: $8,800,000Bedrooms: 3Bathrooms: 6Square footage: 4,622

$Sph1 \u2013 aqualuna terrace collection toronto on m5a 1b6 2 e1553268512377$ Rendering via penthousequeen.com

8. 1201-21 Dallas Rd., Victoria

Price: $8,900,000Bedrooms: 2Bathrooms: 4Square footage: 4,810

1201 21 dallas rd victoria british columbia 2 e1553268164936 Photo by lesleefarrell.com via Point2Homes.

7. PH2501-1021 Harwood St., Vancouver

Price: $9,800,000Bedrooms: 3Bathrooms: 4Square footage: 4,623

262358459 190311 071552 Photo via peterraab.ca.

6. PH1-1480 Howe St., Vancouver

Price: $10,888,900Bedrooms: 2Bathrooms: 3Square footage: 4,700

4046e129b64171bdb2b3bf577b1d0198476ea6be3cb1c4682807566dae885a8c Rendering via virani.ca.

5. 2001-1835 Morton Ave., Ocean Towers, Vancouver

Price: $12,995,000Bedrooms: 2Bathrooms: 2.5Square footage: 4,700

Most expensive penthouses Photo by clivestevepaul.com via Point2Homes.

4. PH1802-1430 Rue de la Montagne, Ville Marie, Montreal

Price: $13,435,000Bedrooms: 3Bathrooms: 3.5Square footage: 5,812

Screen shot 2019 03 27 at 4 Renderings via the Four Seasons.

3. PH1801-1430 Rue de la Montagne, Ville Marie, Montreal

Price: $15,435,000Bedrooms: 4Bathrooms: 5.5Square footage: 6,910

Screen shot 2019 03 27 at 4 Renderings via the Four Seasons.

2. 3101-717 Jervis St., Vancouver

Price: $16,500,000Bedrooms: 5Bathrooms: 8Square footage: 8,750

232655 0 full Photo via dreamhomesmagazine.com

1. 4702-1011 Cordova St., Coal Harbour, Vancouver

Price: $29,998,000Bedrooms: 4Bathrooms: 4.5Square footage: 6,652

Artgallerypic 1240 8272 1200x802 1 Photo via malcolmhasman.com.

Community

Only 2 Of Canada's 10 Most Expensive Penthouses Are In Toronto

READ: Inside 3 Of Toronto’s Most Expensive Luxury Homes For Sale Right Now

READ: Montreal Set To Dethrone Toronto And Vancouver As Luxury Real Estate King Of Canada

10. 5401-16 Harbour St., Toronto

Price: $7,250,000Bedrooms: 3Bathrooms: 5Square footage: 4,616

Price: $8,800,000Bedrooms: 3Bathrooms: 6Square footage: 4,622

8. 1201-21 Dallas Rd., Victoria

Price: $8,900,000Bedrooms: 2Bathrooms: 4Square footage: 4,810

Price: $9,800,000Bedrooms: 3Bathrooms: 4Square footage: 4,623

6. PH1-1480 Howe St., Vancouver

Price: $10,888,900Bedrooms: 2Bathrooms: 3Square footage: 4,700

Price: $12,995,000Bedrooms: 2Bathrooms: 2.5Square footage: 4,700

Price: $13,435,000Bedrooms: 3Bathrooms: 3.5Square footage: 5,812

Price: $15,435,000Bedrooms: 4Bathrooms: 5.5Square footage: 6,910

Price: $16,500,000Bedrooms: 5Bathrooms: 8Square footage: 8,750

Price: $29,998,000Bedrooms: 4Bathrooms: 4.5Square footage: 6,652

Trending

You may also like

​The redevelopment of Tsawwassen Town Centre Mall being proposed by Century Group would consist of four towers up to 24 storeys.

Plans have been submitted for the 43-storey residential building that will complete the four-tower Parkside Square lands master-planned community in North York.

The new plan aims to make housing more affordable by axing the Land Transfer Tax for first-time homebuyers, scrapping development charges on new homes under 3,000 sq. ft, and improving the renting industry.

The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.

​The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

Wednesday’s decision — the last of the year — brings the policy rate down to 3.25%.

Ontario's Landlord and Tenant Board has tripled its adjudicators and cemented a digital-first approach, but it continues to face a massive backlog, igniting calls for change.

Though rents remain well above historic levels, they are on the decline, with November posting a 1.6% drop in prices compared to last year.

The updated plans include an additional 24 storeys and 527 rental apartments, all within walking distance of the Eglinton Subway and planned Eglinton Crosstown LRT stop.

The key policies introduced this year — ranging from new zoning laws to federal housing initiatives — show promise in addressing Toronto's housing crisis and improving its transit options.

​The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.

For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.

If one home simply won't cut it, why not try four, spread across a 39-acre estate nestled along the edge of the Niagara Escarpment?

There’s a lot of pessimism surrounding housing in Canada, but Goldstein speaks on the topic with an undertone of hopefulness and positivity. “The fact that we are having these conversations, I think, is so exciting,” she says.

The mixed-use development would deliver 620 residential units within walking distance of the Main Street Subway Station and Danforth GO.

It's time to say "Hello" to Ally Ballam, Advisor, Engel & Völkers Vancouver, who focusses on Vancouver, North Vancouver, Tri-Cities, and the Fraser Valley.

2024 © STOREYS Publishing Inc. | All Rights Reserved

The redevelopment of Tsawwassen Town Centre Mall being proposed by Century Group would consist of four towers up to 24 storeys.

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.