Toronto Life - The Informer

Insider intel on the politics and personalities shaping the city. Sign up for Preview newsletter for weekly updates

Real Estate


Condo of the Week: $1 million for a swankily renovated downtown penthouse

Condo of the Week: 126 Simcoe Street, Penthouse 3

Address: 126 Simcoe Street, Penthouse 3
Neighbourhood: Waterfront Communities-The Island
Agent: Christian Vermast, Paul Maranger, and Fran Bennett, Sotheby’s International Realty Canada, Brokerage
Price: $995,000

The Place: A one-bedroom penthouse just off Adelaide Street, around the corner from Soho House and Momofuku.

Bragging Rights: The current owner put $225,000 into renovations. Upgrades include an indoor/outdoor sound system, maple and slate flooring, a custom suede wall and new kitchen countertops and appliances.

Big Selling Point: With two parking spots and two lockers (and a huge closet), the 1,000-square-foot space is ideal for a couple looking to move in together.

Possible Deal Breaker: The glass shower in the middle of the master bedroom is not for the meek. Plus, overfill the unenclosed stand-alone bathtub and you risk water damage on those new bedroom floors.

By the Numbers:

• $995,000
• 1,000 square feet
• $718.59 in monthly maintenance fees
• 10-foot ceilings
• 2 washrooms
• 2 balconies
• 2 parking spots
• 2 lockers
• 1 bedroom
• 1 see-through shower