Condomonium: $1.4 million for an expansive penthouse in the Tip Top Lofts

THE PLACE: A two-level penthouse in the Tip Top Lofts. Easily one of Toronto’s most recognizable condos, the U-shaped, Art Deco–style structure has stood by the lake since 1929. When adding six extra storeys in 2006, the developer kept the original rooftop sign but adjusted it to its jaunty new angle.

BRAGGING RIGHTS: Aspiring sommeliers and devoted tipplers will appreciate the wine room off the kitchen, which can hold over 150 bottles. The space was originally meant to be a powder room—there’s still a rough-in for it—but, really, a nook full of wine seems like a way better choice.

BIG SELLING POINT: Frequent flyers can slip out of bed a few minutes before check-in, since the Island airport is five minutes away.

POSSIBLE DEAL BREAKER: The green space and soothing lake views may not make up for the traffic on Lake Shore, or the cut-off feeling that comes with living south of the Gardiner.

BY THE NUMBERS:
• $1,399,000
• Over 1,950 square feet
• $1,225.74 monthly maintenance fees
• 255-square-foot terrace
• 83 years of history
• 12-foot ceilings
• 2 floors
• 2 bedrooms
• 2 bathrooms
• 1 wine room