Condo of the Week: $11,499,000 for a Hazelton Avenue suite with a wine cellar and cloakroom

Condo of the Week: $11,499,000 for a Hazelton Avenue suite with a wine cellar and cloakroom

It also comes with extensive wood finishes, a state-of-the-art sound system and four terraces with stunning views

Neighbourhood: Yorkville
Agent: Jordan Grosman
Price: $11,499,000
Square footage: 3,955 (interior) and 977 (terraces)
Bedrooms: 2
Bathrooms: 3
Parking spots: 5
Maintenance fees: $9,534

The place

Condos valued at more than $10 million are rare, even in Toronto, but this luxury suite is no regular condo. The previous owners bought the place unfurnished in 2016 for $6.4 million and spent another $4 million turning it into an entertainer’s dream.

A luxury condo in Yorkville costs $2,000 per square foot at a minimum, says realtor Jordan Grosman. As for parking, an individual spot in the neighbourhood sells for anywhere between $100,000 and $125,000. This home has not one but five parking spots, which can accommodate party guests or, you know, a five-car household. It also comes with 24/7 concierge services, such as unit maintenance and package delivery.

The tour

Wooden finishes throughout the suite are hand stained to make every panel match. “Most condos use engineered hardwood,” Grosman says. “This is real hardwood and probably ups the worth of the suite by $100 per square foot.”

It’s impossible to miss is the cloakroom, which fits roughly 150 jackets.

On top of being rich in wood, the kitchen comes with quartzite countertops and backsplashes, which add around $20,000 to the house. The faucet—like pretty much all the fittings, including the door hinges and knobs—is solid brass.

To camouflage a supporting post, the owners wrapped it in onyx and built a 300-bottle jewel box of a wine cellar around it. The entire piece is worth approximately $100,000.

The open-concept ensuite bathroom includes a $12,000 steam shower.

The dining and living rooms come equipped with glamorous light fixtures and a state-of-the-art sound system. Together, those features are valued at roughly $200,000.

Four terraces open out from the family room, dining room, kitchen and main bedroom, respectively. As a general rule, Grosman says outdoor real estate is worth about half as much as indoor square footage, and the terraces in this condo add at least a million dollars to its overall value.

The unit overlooks Hazelton Avenue and is surrounded by heritage buildings, which means the views are protected—a rarity in such a fast-growing city.