Inside some of Toronto’s largest penthouses and luxury condos for sale right now
Toronto’s luxury condo market has always been a spectacle — from investors chasing quick returns, to buyers looking for rare spaces that feel more like private estates in the sky.
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Toronto’s luxury condo market has always been a spectacle — from investors chasing quick returns, to buyers looking for rare spaces that feel more like private estates in the sky.
Last month, the Canada Mortgage and Housing Corporation (CMHC) reported that condo sales are dwindling, inventories are rising, and many investors are feeling the financial strain of falling condo values. The agency noted this downturn differs from previous market corrections due to stricter lending rules, high interest rates, and an ongoing housing shortage. (THE CANADIAN PRESS/Pawel Dwulit)
Meanwhile, the Building Industry and Land Development Association (BILD) says new home sales in the Greater Toronto Area remain at “rock bottom levels.” Just 118 new condo units were sold in August — a 59 per cent drop from last year and nearly 90 per cent below the 10-year average. (Pawel Dwulit/THE CANADIAN PRESS)
However, for a handful of ultra-luxury listings, agents insist that demand remains steady — driven by exclusivity, craftsmanship, and scarcity. Here’s a look inside some of the largest penthouses and luxury condominiums currently for sale in Toronto.
200 Cumberland Street — $17,800,000: In Yorkville, a 4,000-square-foot suite designed by Tomas Pearce redefines elite city living according to listing agent Claudine Montano. She says it “brings together a rare convergence of features that set it apart, even in the high end.” (Photo provided by Claudine Montano).
The residence includes three bedrooms, four bathrooms, six enclosed garage spaces (one with an EV charger), and three private lockers — “a level of vehicular capacity you almost never see in downtown Toronto,” Montano said. (Photo provided by Claudine Montano)
Every detail is intentional: Murano and Baccarat lighting, Costa marble, Sapele wood flooring, and custom cabinetry by Mar-Tec. “This is an elite luxury residence designed for a very discerning, high-net-worth buyer whose constraints are taste, prestige, and wellness,” she said. (Photo provided by Claudine Montano).
Montano notes that while the broader market has cooled, “very high-end, trophy assets tend to be less sensitive. They exist in a narrower buyer pool that’s often insulated from rate shocks — 98 per cent of these buyers are cash buyers.” (Photo provided by Claudine Montano).
Still, she says, the challenge lies in “convincing global luxury buyers to shift. They’ll compare against properties in London or New York, not just local ones.” (Photo provided by Claudine Montano).
1 Strathgowan Avenue (Penthouse 2) — $7,495,000: At nearly 3,400 square feet, this midtown penthouse offers what agent Brenna Whyte calls “a condo that still feels like a home in the neighbourhood you love.” (Photos provided by Brenna Whyte).
The unit includes a separate side suite — complete with its own kitchen — connected to the main residence, offering flexibility for multi-generational living or guests. “It’s a niche market,” Whyte said. “There are only so many buyers looking for a unit that’s over 3,000 square feet in a boutique building.” (Photo provided by Brenna Whyte).
While Toronto’s broader condo market cools, Whyte said, “demand for exceptional products hasn’t softened as much. People looking for something spectacular are always looking.” (Photo provided by Brenna Whyte).
2701–300 Bloor Street East — $4,995,000: Overlooking the Rosedale Ravine, this 3,000-square-foot penthouse delivers “majestic, uninterrupted views” along the Bloor–Yorkville corridor. (Photo provided by Vivian Souroujon).
“The ‘wow’ factor comes the moment you open the door and are greeted by sweeping vistas of the Rosedale Ravine,” said Vivian Souroujon. “Fall is particularly stunning, with a canopy of trees displaying brilliant shades of yellow and orange — a view that truly takes your breath away.” (Photo provided by Vivian Souroujon).
Souroujon said the penthouse “feels like a house in the sky,” with a split layout perfect for entertaining while maintaining privacy. She added, “While it may take time to find the right buyer at this price point, opportunities like this are rare — a perfect combination of space, style, and unmatched views.” (Photo provided by Vivian Souroujon).
905/906 – 211 Queens Quay West — $4,495,000: Perched directly along Lake Ontario, this combined suite 3,600-square-foot offers “a feel as though you were on a luxury yacht,” according to listing agent Barbara Best.
(Photo provided by Barbara Best.)
“Although this is (technically) not a penthouse, it is two suites combined,” Best said. “Living here feels like you’re on vacation every day.” (Photo provided by Barbara Best).
Every window has a water view, including a terrace overlooking the CN Tower and planes taking off from Billy Bishop Airport. “Demand for unique spaces will always be present,” Best added. “It’s a game of patience, waiting for just the right buyer.” (Photo provided by Barbara Best).
201 – 500 Wellington Street West — $3,300,000: In the heart of King West, this 3,400-square-foot residence combines scale with exclusivity.
“This home offers a level of scale that’s rarely seen downtown,” said Jess Hammell. “It feels more like a freehold home than a condo.” (Photo provided by Jess Hammell).
With direct elevator access and only one other residence on the floor, the space caters to “professionals or downsizers who value privacy and peace and quiet.” (Photo provided by Jess Hammell).
While overall condo sales are down, Hammell said “demand for exceptional, one-of-a-kind spaces has remained steady. Properties that offer both size and character still attract attention because they’re so limited in supply.” (Photo provided by Jess Hammel).
175 Cumberland Street #1810 — $2,595,000: “It’s like living in a hotel,” said Janie Jesin, describing the luxury amenities of this Yorkville suite, which overlooks Rosedale and features a dining room large enough to seat 25. (Photo provided by Janie Jesin).
“The buildings they’re putting up now are nowhere near this quality,” Jesin said. “It’s not smoke and mirrors — it is what it is.” (Photo provided by Janie Jesin).
With flexible layout options and soundproof windows that block out the bustle of Bloor Street, Jesin said the property offers “authentic luxury in one of the city’s most desirable pockets.” (Photo provided by Janie Jesin).
1900 – 20 Bloorview Place — $2,338,000: This 3,000-square-foot suite near the East Don Valley Ravine offers what agents describe as serenity and scale rarely found in Toronto’s east end. (Photo provided by Broker from Forest Hill Real Estate).
“It’s rare to find such a large space with four bedrooms and three parking spots,” said Jennifer Kay Chan. “There are unobstructed panoramic views from each room, evoking feelings of serenity and connectedness with nature.” (Photo provided by Broker from Forest Hill Real Estate).
Chan said the home appeals to families seeking space for remote work and entertaining. Despite slower sales across the market, she sees strong value: “At $779 per square foot, with three parking spots, this unit provides tremendous value.” (Photo provided by Broker from Forest Hill Real Estate).
