Over the course of the pandemic, we’ve seen Toronto real estate fluctuations like crazy. Although rent prices seemed to have plummeted, there have been some seriously expensive sales when it comes to properties in the city. Well, Strata.ca just released new info breaking all that down. They’ve catalogued the three most expensive condos sold in Toronto during COVID-19.
So first, let us give you a little background on the parameters of these measurements. To determine the most expensive condos, the team at Strata broke it down based on price per square foot. This way, they were able to more accurately find the actual market value of each condo sale in the city.
So who were the top three? We’re gonna tell you.
The third most expensive condo sold in Toronto during COVID-19 was PH2 at 170 Avenue Road. This snazzy property is equipped with a show-stopping open-concept kitchen, and a massive 1,400 square foot terrace overlooking beautiful views of the city. It’s total sale price was $7,000,000 which worked out to $2,297 per square foot.
In second place was unit 4001 at 50 Yorkville Avenue. This gorgeous condo sits on the 40th floor of the building, with floor-to-ceiling windows that provide 360-degree views of the city and loads of natural light. Oh, and a killer patio and private elevator access to match. This condo was sold for a whopping $7,365,000 or $2,563 per square foot.
Drumroll, please… The most expensive condo sold in Toronto during the pandemic was PH12 at 1 Roxborough Street East. This luxurious unit has 12-foot ceilings, panoramic views of the city, and 3 private terraces within its 4,000 square feet of living space. The grand total on this sale was $11,600,000 which worked out to $2,900 per square foot.
There you have it, folks! The gorgeous condos were some of the biggest buys the city saw this year. Given how gorgeous they are, we can’t say we’re surprised by the insane price tags.
You can read the full findings at Strata.ca.