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Luxury Real Estate

The Most Expensive Condos In Toronto for 2018

By Luxury Real Estate

How Many Luxury Condos Sold In Toronto For 2018?

From sprawling terraces, private wine cellars and even a penthouse with its own “backyard in the sky”… the luxury condo market in Toronto saw 28 suites sell for more than $3,500,000!

Leading this years list of most expensive condos in Toronto was an $8,000,000 penthouse that sold at the Shangri-La. In second place was $7,900,000 sale at The St. Regis Residences (formerly known as the Trump Hotel) followed by a $5,750,000 sale at the Residents of the Ritz Carlton.

The average price for a luxury condo in Toronto was just over $4,500,000.

How Much Was The Most Expensive Condo in Toronto for 2018

Shangri-La Penthouse

The most expensive condo sale in Toronto took place at the Shangri-La Residences in downtown Toronto. The three bedroom, two level penthouse featured 3415 sq.ft. of interior space and a private sky-high backyard measuring in at 1565 sq.ft. The penthouse was the last of four to sell at the Shangri-La and set the record for most expensive condo in Toronto at $8,000,000.

We toured the unit before it sold and absolutely loved the everything it offered – from its white oak chevron flooring to the gas fireplace wrapped in Calacatta marble… Check out more photos below!

Which Luxury Buildings in Toronto Had The Most Sales

In 2017, the bulk of sales occurred at The Four Seasons Residences, but in 2018 there was a five-way tie spread out over several buildings. 88 Davenport (The Florian), 183 Wellington (The Ritz Residence), 1 St. Thomas, 200 Russel Hill and back again for another year The Four Seasons Residences each recorded three sales over $3,500,000!

Which Luxury Buildings Had The Highest Maintenance Fees

A penthouse at the Hazelton Lanes Private Residences recorded the highest maintenance fees at a monthly rate of $6211.82/month. The same unit also made the list for the largest terrace, measuring in at 3507 sq.ft!  

Which Million Dollar Condo Had The Most Amount Of Parking Spaces?

The penthouse at Theatre Park offered the most amount of parking spots with 4. The penthouse took up the entire 47th floor and featured a 360-degree 2,100 Sq.Ft. wrap-around terrace.

How Long Did it Take for Luxury Condos to Sell in Toronto?

On average it took about 40 days for these condos to sell. The longest took 185 days, and the shortest was sold in just one day!

Where Are The Majority of Luxury Condos Located in Toronto?

The majority of condos that sold for more than $3,500,000 were located in the downtown core and the majority of them in the Yorkville neighbourhood. The Residences of the Ritz Carlton and the St. Regis Hotel were two other two popular buildings located on both the east and west sides of the core!

7 Leander Court – Gordon Ridgelys Modern Masterpiece

By Luxury Real Estate

In recent years, Toronto has seen a boom in modern home design.  These modular structures stand out from many in the city with their unique appearance that usually features flat roofs, dark brick facades and expansive windows… but there is one modern home that truly stands out from all others, and that is Gordon Ridgelys final modern masterpiece – 7 Leander Court.

Gordon was born in Oshawa, Ontario on July 1938, and studied architecture at the University of Toronto. He graduated in 1965 with a passion for contemporary and modernist design. But at that time, there wasn’t much demand for such style and design – so he shifted his talents to creating Georgian styled homes.  Over the years, that helped amass an impressive clientele list with the likes of Galen Weston and even Conrad Black… but his passion remained with modern design. 

7 Leander Court was one of the final projects Mr. Ridgely worked on before his passing in 2013.  The home marked a return to his passion for modern design and features much of exacting detail Gordon was known for… and now, for the first time ever, the home is being made available for purchase!

The home, located in the O’Conner and Woodbine part of town, measures in at over 3,600 sq.ft. (interior). It was designed to respects the principles of feng shui and is situated along the Taylor Creek Ravine on a private cul-de-sac.  It features 4 bedrooms, including an incredible 3rd-floor retreat for the master.  Expansive windows line that rear of the house and open up to the backyard where you’ll find a mini oasis in the city!

My colleague Rebecca Keyzer, who is representing the sellers for the sale of the home, shared some of the highlights from within:

This home was intentionally built to be low-tech due to the health concerns associated with technology. The house wiring was designed by an anti-electromagnetic consultant. Everywhere where your head will rest, the wires are coated in a stainless steel, industrial grade sheath to protect your body from any negative effects of electromagnetic radiation and bypass all sleeping areas.

The Details on 7 Leander Court

Address: 7 Leander Crt
Neighbourhood: O’Connor-Parkview Toronto
Price: $2,987,500
Bedrooms: 4
Bathrooms: 5
Parking Spaces: 3
Photos: BirdHouseMediaca


Most Expensive Condos of 2017

The Most Expensive Condo Buildings in Toronto for 2017

By Luxury Real Estate

30 Toronto Condos Sold For More Than $3.5 Million in 2017

It was a roller coster of a year for real estate prices in Toronto in 2017! In the housing market, things started out strong throughout the first quarter with a lot of the momentum pouring over from the little supply we saw in 2016 – but prices for homes quickly leveled off starting in April and continued throughout the remainder of the year. The condo market in general remained a “hot ticket item” and saw great growth throughout 2017… that too was true in the luxury condo market.

In our second year of covering sales in the luxury condo market, we saw a 36% increase in the number of condos selling over $3.5 million in Toronto – reaching 30 suites sold in 2017 vs the 22 sold in 2016! 

And it wasn’t just sales numbers that were up – prices were too.

How Much Was The Most Expensive Sale?

The most expensive condo sale recorded in 2017 was $11,500,000 (or $1900/sq.ft.) nearly double the $6,000,000 record of 2016. The 6000 sq.ft. plus penthouse, located in Yorkville came complete with a private pool, hot tub, and private roof top terrace with panoramic views.

Most Expensive Condos of 2017

Which Luxury Buildings in Toronto Had The Most Sales? 

The Four Seasons Private Residences had the most amount of sales on this years list with 5 luxury condos being sold in 2017. The Residences At The Ritz Carlton and the Imperial Plaza came in second with two sales over $3.5 million in each.  In 2016, 36 The Hazelton, had two sales on the list, but none clearing $3.5 million in 2017.

Most Expensive Condos of 2017

The majority of the sales took place in the Annex/Yorkville neighbourhood, with 14 sales recorded. The C01 Waterfront came in second with 5, followed by Rosedale-Moore Park with 4 sales.

What Was The Sold Price to List Price Ratio?

The average sale, sold at 95% of its list price, meaning there was about 5% negotiating room.

Most Expensive Condos of 2017

What Were The Average Days on Market for Luxury Condos in Toronto?

On average it took about 75 days for these higher end condos to sell.  The fastest sold in 2 days and the longest was technically a hold over from 2016, sitting for 410 days!

Most Expensive Condos of 2017

How Much Was The Highest Maintenance in 2017 For these Luxury Condos?

The highest fee was $6135/month + Heat, A/C and Hydro but also included a private roof top terrace, pool, hot tub, and 4 parking spaces.! The lowest was $1,675.98 and did not include parking.

Most Expensive Condos of 2017

With Luxury Prices, Comes Luxury Taxes

The city took in their fair share of taxes from these high end condos! The average amount paid between the 30 was $22,841/year.  The highest of the lot was $64,758 and the lowest was $7,650!

Most Expensive Condos of 2017

Shangri-La Penthouse

The Shangri-La Toronto Penthouse Collection

By Architecture, Luxury Real Estate

Rise above it all at the penthouses of the Shangri-La in downtown Toronto! With the help of  Kristen Duern from Chestnut Park Real Estate Limited, Brokerage and Anthony Lavignasse from Fixed Exposure, we took a tour of these super exclusive spaces to bring you inside the Penthouses of the Shangri-La!

Shangri-La Penthouse

Shangri-La Penthouse

Imagine coming home to one of four, 2 level penthouses that can only be described as something out of a fairytale… except in this story, the glass slipper is a glass and steel staircase, complete with a Boffi Italian kitchen to cook up and left over pumpkin! 

Penthouse 6501 measures in at just under 5000 sq.ft (including terrace). I instantly fell in love with the white oak, chevron flooring and the triple sided gas fireplace, – bookmatched with Calacatta stone in the living room!

Living Room and Fireplace

Shangri-La Penthouse

Dining Room

Flanked between the Living and Kitchen area is the Dining Room.  The open concept space opens up to the 1,500 sq.ft. outdoor terrace and is the centre focal point of the main level.  My eyes were instantly hooked on the cherry blossom chandelier by Swarovski!

Shangri-La Penthouse

Kitchen and Family Room

And now for my favorite part of any home… the kitchen! This kitchen featured Boffi Italian walnut cabinetry, matching corian countertop and backsplash along with a Miele built-in coffee maker.  Miele appliances were also used for the speed oven, steam oven, wall oven and gas cooktop. The Sub-Zero fridge and freezer are seamlessly integrated to match the look and feel of the space. The open concept layout spills over and into the spacious family room.

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The terrace can be accessed from both the family and dining room.  At over 1500 sq.ft. the space features Basalt stone pavers, Gas BBQ with stone countertop and under counter fridge, a jacuzzi along with landscaping and even a irrigation system.  One element many don’t think about when this high up is the wind! Especially in downtown Toronto, being this high can present its own set of challenges. The architects and engineers solved this by including massive glass walls, spanning nearly to floors high.  The thick glass provides safety from below and gives owners use of the space, practically year round!

Shangri-La Penthouse

Upper Level

At over 1600s sq.ft. the second level can be reached by private ensuite elevator, or the gorgeous glass stair case! Upstairs is where you’ll find the three bedrooms. Each feature a variety of finishes from the white oak chevron flooring, to Calacatta heated marble and even Boffi walnut cabinetry… oh, and VIEWS!!!

Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse

Shangri-La Penthouse Shangri-La Penthouse Shangri-La Penthouse

Additional Features and Price

Each penthouse comes with a triple car garage, motorized sun shades, built in ceiling speakers, valet and limousine services! Penthouse 6501 is currently listed for $9,332,500 and has monthly maintenance fees of $2,878.22.