December 8, 2021

Luxury Condo Sales – November 2021

November 2021 was not only a strong month for luxury real estate compared to last year but one of the best months for condo sales above $2,000,000 ever. There was a total of 28 sales throughout the city’s downtown neighbourhoods (C01/02/08/09) of condominium properties over $2m, which shows an exceptional amount of demand for luxury properties as we continue to see a recovery in the luxury condo market. The downtown core (C01) lead the way with 13 sales with an average sale price of over $4m. The Rosedale/Summer neighbourhood was the highest priced neighbourhood for luxury condo sales, with an average of nearly $5m.

There were ten sales over $4m, representing an incredible 32% of the total sales so far this year over $4m. Ample square footage is the key element in these sales, with these ten sales averaging just under 3,000 square feet of living space. The demand for these luxury condos continues to be driven by a lack of larger properties coming to the market and the sale of single-family homes still rising to new records.

Here are the top five sales for November 2021:

5) 50 Yorkville Ave – Four Seasons Residences – SOLD FOR $6,250,000

Situated in the heart of Yorkville, the suites at The Four Seasons Residences continue to be in high demand due to the large and functional layouts and the five-star services and amenities of the Four Seasons Hotel below. This suite offered 2,466 square feet with unobstructed south-east views.

See more properties available for sale at The Four Seasons.

4) 33 Bay Street – Pinnacle Centre – SOLD FOR $6,500,000

Luxury Condo Sales

An incredible two-storey suite with nearly 3,200 square feet of interior space and 2,000 square feet of terraces offering panoramic views of the city.

3) 25 Scrivener Square – Thornwood II – SOLD FOR $6,975,000

Rarely do such significant suites come available at the highly sought after condos at Scrivener Sq, so it comes as no surprise that this nearly 3,500 sq.ft. condo sold in just 17 days. This convenient location provides easy access to the shops of Summerhill and the quiet treelined streets of Rosedale.

For more information on 25 Scrivener Square, click HERE.

2) 16 Harbour Square – Success Tower – SOLD FOR $7,001,000

One of the most unique condos in Toronto, this two-storey penthouse featured a private indoor pool. Imagine swimming on the 55th floor overlooking the downtown skyline and Lake Ontario?

1) 1 St Thomas St. – One St Thomas – SOLD FOR $7,800,000

One St Thomas - Luxury Toronto Condos

If you would like any information on these properties or new listings as they come available, you can reach out in the form below.

Dylan Donovan, Broker
Chestnut Park Real Estate