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With the Toronto real estate market recording an impressive 18.4% year-over-year increase in the number of home sales in June, the average home price is also on the rise. It is now at $639,184, a 12.3% year-over-year increase.
The condo segment experienced a similar growth. The average price for a condo in Toronto is now $418,599, up from $390,569 in June 2014, which represents a 7% increase. But to take things up a notch, we thought it would be interesting to see what condos you can buy for $1 million in Toronto. Below are 3 condos around the 1-million-dollar mark which are currently listed for sale.
180 University Avenue - $978,500
This 818-sqft condo is located at 180 University Avenue at Adelaide Street, in the Living Shangri-La building, and is listed for sale for $978,500. The development was completed in 2012, and has 200 hotel suites and 252 residential suites. The 5-star Shangri-La hotel occupies the first 17 floors of the building. Floors 18 to 49 host residences, while floors 50 to 66 feature private estates.
Some of the amenities of the building include 24-hour concierge and security, high-speed elevators, a stunning health club, and a heated indoor pool. Located on the west side of University Avenue in the Bay Street Corridor, the Living Shangri-La sits in the center of the financial and entertainment districts.
32 Davenport Road - $999,900
This condo on 32 Davenport Road is located in the Yorkville Condominiums, at the corner of Davenport Road and the tree-lined McMurrich Street. The development has a total of 238 units, and was completed in 2015. Some of its amenities include a rooftop terrace, concierge service, a pool, a wine cellar, a yoga and pilates studio, an exercise room, and a lounge area.
The Yorkville Condominiums, developed by Lifetime Developments and designed by Wallman Architects, was projected to become one of Toronto’s architectural icons.
330 Spadina Road - $989,000
This condo is listed for sale for $989,000, and is located on 330 Spadina Road, in the Churchill Park Condominiums development. Built by Tower Hill Development Corporation and designed by the world-renowned Quadrangle Architects, Churchill Park Condominiums is 14 floors high and has 45 units. Located in Casa Loma, some of the amenities of the building include concierge and valet services, an exercise room, a steam room, a massage room, a party room, a lounge, and a meeting room.
These 3 condos, all around the one-million-dollar mark, offer high standards of living in desirable locations. No matter what your budget is, if you are looking for a home for sale in Toronto, make sure you assess your true needs, determine your budget, find a good lender, and a good real estate agent.
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