As detached homes become increasingly scarce in the Greater Toronto Area, reactively it has become more common for people to invest in condominiums. Real estate listings in Toronto illustrate this notion, as you have a better chance buying into modern vertical living via high-rise developments, rather than you are to find single-family detached houses to buy in traditional neighbourhoods.
Additionally, finding a luxury property in Canada’s most populous metropolitan area does not disappoint with ample supply. Toronto is home to some of the world’s best luxury real estate.
To get you started on finding a new home in Toronto, here are five luxury condo residences that meet premier luxury standards:
1. The Four Seasons Residences
If you fancy the idea of a luxury lifestyle that consists of residing in a hotel, then the Four Seasons Residences at 60 Yorkville Avenue in Toronto, Ontario is an excellent choice to fit that desire. Operated by Four Seasons Hotels Limited, as a resident you can attain high-end hospitality on a 24/7 basis, matching the experience that travelling guests enjoy in the establishment’s hotel portion of the building. With its central and family-friendly location, exquisite resort-style amenities, and gorgeous city views, this community of condo residences establishes itself as being a pinnacle luxury location.
2. Renaissance Plaza
Regarded as one of the most exclusive residences in Toronto, Renaissance Plaza at 175 Cumberland Street in the neighbourhood of Yorksville, offers classic charm with first-rate amenities. The spacious units inside take on amazing views of downtown with wonderful interior designs. Here, you’re located just a few steps away from the poshest stores, high-end galleries, museums, and luxury hotels. This area is great for always being in the centre of Toronto’s downtown activity, happening on street level.
3. Shangri-La Toronto
Another world-class high-end option in the heart of the city’s downtown district is the Shangri-La Toronto, located on University Avenue and Adelaide Street, in an area just west of the Financial District. This high-rise stands out as a prominent landmark in Downtown Toronto for being one of the tallest buildings in the city. It’s also a hotbed for A-list celebrities during the Toronto International Film Festival since it is located in the same building as the Shangri-La Hotel. Fear not about your privacy though, as the residences are located on top of the hotel and access to it is restricted to residents and staff only. This residence also has some of the best amenities in the city and easy access to the most sought-after restaurants, salons, and spas in Toronto.
4. The Hazelton
Interested in condominiums that do not reside in a high-rise? The Hazelton at 118 Yorkville Ave in Toronto’s Yorksville neighbourhood might be a better fit for you then. The residential section of this hotel consists of only 16 units, amongst 9 floors, so it definitely won’t feel crowded. Like the other luxury condos listed above, this residence also shares the building with hotel guests, where residents can also use the hotel amenities that make for enjoying a luxury lifestyle at home.
5. The Bond Condos
Sleek and modern are two of the best words to describe the 40-storey Bond Condos at 290 Adelaide Street West. This development might be exactly what a lot of people have in mind when the topic of condo-living in Downtown Toronto is mentioned. From its central location, right at the heart of the Entertainment District, to the building’s ultra-modern architecture, it’s easy to see that this luxury property is one of the most premier options in the area.
That’s just a quick pick of five condos you can invest in to live a luxurious lifestyle in Toronto. Location is everything when looking for a new home, and Toronto certainly lives up to being one of most sought-after places to buy a new home, amongst real estate markets across Canada, along with the area also being a global destination for international buyers and travellers.