Toronto has a strong luxury condo market. The Toronto real estate market in 2016 sold a total of 22 suites for a price equal to or higher than $3.5 million. The most expensive Toronto condo sale in 2016 had more than 3,400 sq. ft. of living space, two private elevators, a Boffi kitchen, and south views overlooking downtown. Also, it was sold at a $6 million value! It was not on the market longer than 22 days.
There are many ways to calculate the most expensive condo buildings in Toronto. For the purposes of this research, price per square foot of an entire building was used as a guide. Therefore, instead of valuing individual units, specifically what we looked at was the building. These are the top 5 most expensive condo buildings in Toronto, according to 2017 numbers.
The Hazelton – 118 Yorkville Avenue
Coming in at #5 on our list is The Hazelton which has suited ranging from 2,813 sq. ft. to 8,095 sq. ft. The Hazelton has a price per square foot of $1,360 according to recent sales. The average value of a condo here has increased by 5.7 percent since last year and within its neighborhood, the building is 38.5% more expensive than the other condo developments here.
36 Hazelton – 36 Hazelton Avenue
Coming in at #4 is 36 Hazelton with suites ranging from 1,038 sq. ft. to 4,328 sq. ft. The average price per square foot here is $1,378 and it has seen steady growth since last year with a 6.5 percent rise in value.
Four Seasons Private Residences – 55 Scollard-50 Yorkville Avenue
Coming in at #3 is The Four Seasons Private Residences has suites ranging from 680 sq. ft. to 9,038 sq. ft. The Four Seasons Private Residences’ price per square foot is valued at $1,388 according to recent sales. Believe it or not, the average value of a condo here has actually decreased by 1 percent since last year. That said, it is still 41 percent more expensive than other Yorkville condos.
100 Yorkville at Bellair – 80-100 Yorkville
Coming in at #2, 100 Yorkville at Bellair is another Yorkville property with suites ranging from 723 sq. ft. to 5,705 sq. ft. The building’s average price per square was $1,431. Among the luxury condo developments, its increase in average value year over year was among the most impressive at a 16.3 percent increase. This makes Yorkville at Bellair a building 45.7 percent more expensive than other Yorkville condos.
155 Cumberland Street
The most expensive condo building in Toronto is… 155 Cumberland Street in Yorkville. That’s right. All five of the most expensive condo buildings in the city are located in Yorkville. The suites here range from 1,793 sq. ft. to a massive 10,174 sq. ft. penthouse. Its average price per square foot is a whopping $1,448 and its increase in value year over year is even more impressive at 23.1% from 2016 to 2017.
These five condo buildings are among the most expensive in Toronto, as of 2017. With so many more condo developments to be completed within the next five years, there will be strong competition on these numbers in the years to come.