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Growing demand and high absorption rates for condominium apartment inventory, and several condominium projects under way in downtown Toronto have left many to wonder how high the price-per-square-foot will go. The MLS® Home Price Index reports a rise in apartment prices in the Greater Toronto Area of 0.86% month-over-month, and 4.66% year-over-year.
With listings passing the $1,000 per-square-foot mark, the price of a reasonably-sized condo in Old Toronto may likely be in the millions.
Living downtown doesn’t have to equal compromise on space. Here are a few spacious condos for sale under $1 million right in the heart of downtown:
8 Charlotte Street
8 Charlotte Street, photo courtesy of charliecondos.com
Luxury condos in the lively Entertainment District with unobstructed skyline views, the Charlie Condos are simply spectacular. A reasonably sized 1,023 square-foot unit costs $718,000. Fabulous amenities such as aerobic and yoga studio, steam room, garden, outdoor pool are part of the package. Charlie’s architecture of contemporary clear glass along aluminum frame on a heritage brick foundation is a classic and contemporary mix designed by Diamond + Schmitt Architects and built by Great Gulf Homes.
151 Robert Street, photo courtesy of Point2 Homes
This heritage residence converted into condos maintains the feel and elegance of a family home in a convenient downtown location - the Annex. One of the condos was recently listed for sale for just under $1 Million ($988,000). It is a generous 1,810 square-foot home, on two levels – a rare find in downtown – with an additional 300 square-foot rooftop deck.
120 Harbour Street, photo courtesy of tridel.com
Ten York condos at 120 Harbour Street are still under construction. Builders Tridel and Build Toronto promise this will be one of the most prominent locations in downtown Toronto overlooking Lake Ontario. A 1,169 sq ft condo starts at $885,000, with access to an array of amenities such as fitness centre, theatre room, spa, spin and yoga studios, pool and sauna rooms. Ten York is a 735-feet, triangular-shaped, glass architectural marvel by Wallman Architects.
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