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Real Estate

Sale of the Week: The $2.7-million King West penthouse that’s fit for a socialite

Sale of the Week: The $2.7-million King West penthouse that's fit for a socialite
Listed At
$2,650,000
Sold For
$2,652,500

Address: 8 Charlotte Street, Penthouse 2 Neighbourhood: King West Agent: Rizwan Malik, Sotheby’s International Realty Canada, Brokerage      

The property

A penthouse that has been transformed into the ultimate bachelor pad.

Tbe entranceway looks it was designed by Tim Burton:

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The unit has a large, open living area:

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There are three bedrooms. Here’s one of them:

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And another:

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The history

The seller has lived in the unit for three years, and he has made lots of customizations.

The fireplace, surrounded with marble and stainless steel, is modelled after a similar one in the building’s lobby:

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The master bedroom now looks directly into the smoky glass shower:

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And the super-modern kitchen makes full use of the 12-foot ceilings:

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Now, the seller is transitioning to a house, for more space and privacy.

The fate

The buyer is a Toronto socialite who plans to increase the penthouse’s luxury factor even further: on the 1,800-square-foot terrace, he’s putting in a private pool.

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The sale

There were six showings and two offers, both of which were over asking. The winning offer works out to a bit more than $1,300 per square foot, which, according to the selling agent, is a record price for both the building and the neighbourhood.

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By the numbers

• $2,652,500 • $13,477.39 in taxes (2016) • 2,032 square feet • 1,800-square-foot terrace • $1,301.37 in montly maintenance fees • 3 bedrooms • 3 bathrooms • 2 parking spaces

The Hunt

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