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: $4,990 a month for a penthouse in the thick of Toronto’s evolving waterfront

Condo of the Week: 47 Lower River Street, Penthouse 39

Address: 47 Lower River Street, Penthouse 39
Neighbourhood: Moss Park
Agent: Ricky Chadha, Royal LePage Estate Realty, Brokeage
Price: $4,990/month

The Place: A two-storey, three-bedroom penthouse for lease in Moss Park.

Bragging Rights: The building was completed just last year, so the glass backsplash, quartz countertops and stainless-steel appliances are all at their shiniest. Make note: this unit has never been lived in, so there aren’t any previous tenants to blame when you mark-up the hardwood.

Big Selling Point: With plans to develop the Lower Don lands well underway, and the Pan Am Games athletes’ village under construction, this neighborhood is set to see an influx of new housing, parks and community spaces in the not-too-distant future.

Possible Deal Breaker: The unit comes unfurnished, so out-of-towners looking for a rental will have to factor in the cost of moving their old stuff, or purchasing new essentials.

By the Numbers:

• $4,990/month
• 1,721 square feet
• 7 Juliet balconies
• 3 bathrooms
• 3 bedrooms
• 2 parking spots
• 2 storeys
• 1 balcony
• 1 locker