A luxury penthouse is the very top of Toronto's condo market. On this page, "luxury" means a top-floor suite listed for sale at $3 million or more. These are the rarest homes in the city: penthouses sit on a building's top or designated upper floors, and only a handful of them reach this price. What you see here is a small, fast-changing collection of Toronto's most exclusive suites.
What sets a $3 million penthouse apart
At this level you are buying far more than a view. Expect full-floor or top-floor layouts, ceilings that run much higher than a standard suite, and generous private outdoor space such as wraparound terraces or rooftop gardens. Many include private or direct elevator access, several parking spots, a separate locker, and finishes chosen by the builder's design team rather than picked from a standard menu. Space, privacy, and the address are what command the premium.
Where Toronto's luxury penthouses are
The most sought-after penthouses cluster in a few prime pockets. Yorkville and Bloor-Yorkville lead for prestige, with designer towers steps from the city's best shopping. The Financial District, King West, and the Entertainment District offer sleek glass towers in the heart of downtown, while the Harbourfront and Waterfront deliver wide lake views. Midtown, along the Yonge corridor, rounds out the list with quieter, established surroundings.
What to check before you buy
Larger suites carry larger monthly maintenance fees, so review what the fee covers and ask for the building's status certificate before you commit. Confirm who maintains the terrace, the roof membrane, and any private mechanical equipment, and check how the parking and locker spaces are owned or assigned. A lawyer's review of the reserve fund and any planned special assessments is well worth the time on a purchase of this size.
Buying at the top of the market
Penthouse deals at this price often move privately and quickly, so it helps to work with an agent who knows the buildings and the people behind the listings. Budget for closing costs beyond the price, since Toronto buyers pay both provincial and municipal land transfer tax, and speak to your lender early because financing a multi-million-dollar suite can take extra steps. When you are ready, the listings below are sorted with the highest-priced suites first.