11 penthouses in and around Toronto currently listed under $700,000 (PHOTOS)
![11 penthouses in and around Toronto currently listed under $700,000 (PHOTOS)](https://dpdajlq3ew794.cloudfront.net/20210122085954/condo-.png?format=auto&width=1920)
It looks like now might be the time to invest in a penthouse, as prices have dropped substantially in the GTA during the COVID-19 pandemic.
According to Strata, prices have dropped by almost $50,000, making the average penthouse price under $700,000.
It’s important to note that the price of a condo unit is still higher than the overall price in 2019. Currently, the average price-per-square-foot is $795.99, which is an overall increase of 5.33% in the past 12 months.
Strata notes that the reason for the price drop is that overall inventory has increased, but many homebuyers became nervous entering the market during a pandemic. This meant more options for a small pool of buyers, which made penthouse units “particularly vulnerable.”
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But it’s left penthouses at a lower price than normal with listings under $700,000 for sale in and around Toronto. Here are 11 of the listings compiled by Strata.
1. 85 Queens Warf Road – $498,000
![](https://images.dailyhive.com/20210122084856/Screen-Shot-2021-01-22-at-11.48.06-AM.png)
Strata
- Studio
- 1 Bathroom
- 438 sq ft
2. 50 Bruyeres Mews – $499,900
![](https://images.dailyhive.com/20210122085058/Screen-Shot-2021-01-22-at-11.50.23-AM.png)
Strata
- Studio
- 1 Bathroom
- 339 sq ft
3. 2 Eva Road – $510,000
![](https://images.dailyhive.com/20210122082710/Screen-Shot-2021-01-22-at-11.26.17-AM.png)
Strata
- 1 Bedroom + 1 Den
- 1 Bathroom
- 600 – 699 sq ft
4. 627 The West Mall – 564,900
![](https://images.dailyhive.com/20210122082913/Screen-Shot-2021-01-22-at-11.28.52-AM.png)
Strata
- 3 Bedroom
- 2 Bathroom
- 1,365 sq ft
5. 55 Harrison Garden Boulevard – $565,000
![](https://images.dailyhive.com/20210122083145/Screen-Shot-2021-01-22-at-11.30.21-AM.png)
Strata
- 1 Bedroom
- 1 Bathroom
- 700 – 799 sq ft
6. 250 Manitoba Street – $579,000 (sold conditionally)
![](https://images.dailyhive.com/20210122084442/Screen-Shot-2021-01-22-at-11.43.16-AM.png)
Strata
- 1 Bedroom
- 2 Bathroom
- 755 sq ft
7. 2152 Lawrence Avenue East – $597,000
![](https://images.dailyhive.com/20210122085233/Screen-Shot-2021-01-22-at-11.52.20-AM.png)
Strata
- 2 Bedroom
- 2 Bathroom
- 800 – 899 sq ft
8. 297 College Street – $629,900
![](https://images.dailyhive.com/20210122082248/Screen-Shot-2021-01-22-at-11.22.29-AM.png)
Strata
- 1 Bedroom
- 1 Bathroom
- 478 sq ft
9. 18 William Cars0n Crescent -$630,000
![](https://images.dailyhive.com/20210122084648/Screen-Shot-2021-01-22-at-11.46.29-AM.png)
Strata
- 1 Bedroom + 1 Den
- 1 Bathroom
- 750 sq ft
10. 120 Harrison Garden Boulevard – $658,800
![](https://images.dailyhive.com/20210122085526/Screen-Shot-2021-01-22-at-11.54.16-AM.png)
Strata
- 2 Bedroom
- 2 Bathroom
- 732 sq ft
11. 225 Sherway Gardens Road – $699,000
![](https://images.dailyhive.com/20210122082455/Screen-Shot-2021-01-22-at-11.24.38-AM.png)
Strata
- 2 Bedroom
- 2 Bathroom
- 900 sq ft