Shopping around for a new home in the city? You might be pleasantly surprised by your options. These penthouses for sale in Toronto and the GTA are more affordable than you think. For less than $700,000 you could be the proud owner of a stylish top-floor suite in some of the best neighbourhoods around.

According to TRREB, the average price of a condo in the city in late 2021 was $739,683. With these penthouses, you’ll be getting serious value for your dollar.

39 Annie Craig Dr

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This spacious penthouse in Etobicoke offers convenient access to the streetcar, the highway, and a vast network of trails along the waterfront. The unit itself has one bedroom, a den, 10-foot ceilings, a wraparound porch with epic views, and a cozy gas fireplace.

Price: $599,000

109 Wolseley St

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This penthouse is located in a boutique low-rise in the heart of Trinity Bellwoods. Live in style in one of Toronto’s best neighbourhoods with 9-ft ceilings, a skylight, a sun-soaked balcony, a sleek and spacious design, and stainless steel appliances. All for a very reasonable price (by Toronto’s standards).

Price: $699,000

8 Lisa St

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You’ll have access to over 10 acres of resort-style amenities at this spacious penthouse in The Ritz Towers. Located just outside of Toronto in Brampton, this unit has two bedrooms with ensuite, wraparound windows with stunning views, a wood-burning fireplace in the living room, and a den you can easily convert into a home office.

Price: $624,000