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The Best Penthouse in Toronto: Ritz-Carlton

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Welcome to your online guide to “The Best Penthouse Suites in Toronto“. In this installment I will be profiling the penthouse suite at The Residences At The Ritz-Carlton.

Author’s note: This blog post was originally published in 2008. Hence, some of this information may be out of date. For the most up-to-date information regarding the best penthouse suites in Toronto, please contact me.

Take one quick look through the Ritz-Carlton’s marketing materials, either on the developer’s website, or in their print materials, and you quickly realize what type of clientele they are trying to attract. Only the best of the best, the most successful, the private jet and private yacht kind of buyer.

Ritz-Carlton to many is synonymous with 5-star hotel luxury living. The brand has been around for over 80 years, so they certainly have the history to back up their reputation. Interesting that they are billing every suite in the building as a ‘penthouse suite’-they are committed to upholding their ultra luxury brand

The true penthouse at the Ritz-Carlton has been sold, reportedly to an international buyer. At the time it was marketed as Toronto’s largest penthouse at just under 11,000 square feet. This has recently been eclipsed by the penthouse at College Park: Aura.  Selling price was not released, but initially it was reported to be priced at $11 million.

Developer: Graywood Developments and Cadillac Fairview
Penthouse: 11000 square feet, 52nd floor. Has been sold.
Sub-Penthouse:
Available on the 51st floor. Half the floor, $9.065M for 6005 sq ft. (about $1509 per square foot) Also available are sub-sub-penthouses for $1.5M – $3.8M (1513 sq ft – 3475 sq ft. $990 – $1093 per square foot)
Key Features: 5-star hotel amenities. 2 parking spaces included with sub-penthouses. Miele and sub-zero appliances. 12′ ceilings in the sub-penthouse suites. Connected to the PATH network supposedly is planned which would also mean direct subway access.
Notes: Internationally recognized luxury brand.
Occupancy: 2009
Smallest suite is 1400 sq ft.- Mostly end-users, very few ‘investors/flippers’.
Potential Negatives: 79 cents per square foot maintenance fees. No enclosed parking garages available. Location (Wellington and Simcoe) is close to financial district and theatre district, but similar to Shangri-La, it is located in an area that is very quiet after 6pm.

For more information on the Residences of the Ritz-Carlton, please contact me.

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