Friday, August 12 2022

Penthouses – at least as most of us know them – are for people with Drake’s money.

Especially, considering that the average condo price in Toronto is over $800,000.

And yet, there are “penthouses” for less than a million dollars in Toronto.

The waterfall island in the kitchen can accommodate three people.

Do they occupy the entire floor of a building like Beyoncé’s? No.

39 Annie Craig Drive Toronto

The open concept living room.

But if we follow the pedantic definition of a penthouse — a unit on the top floor of a building — there are actually quite a few on the market for less than $750,000.

39 Annie Craig Drive Toronto

Work from home with a view.

One of them being this corner unit on the 17th floor of the 17-story Cove at Waterways Condo in Etobicoke…although, if it’s actually on the “top floor” that’s debatable because there’s probably party and meeting rooms, the rooftop patio and other amenities above. But, you know, the semantics.

39 Annie Craig Drive Toronto


Listing for just $599,000, this one-bedroom, one-den condo boasts 10-foot ceilings and tons of natural light from floor-to-ceiling windows.

39 Annie Craig Drive Toronto

Floor to ceiling windows make the small condo bright and airy.

The unit has 546 square feet of open concept living space with an open concept kitchen, living room and dining area.

39 Annie Craig Drive Toronto

The small kitchen with stainless steel appliances.

The kitchen has custom quartz countertops with a cascading island.

39 Annie Craig Drive Toronto

The feature wall with a gas fireplace.

While the living room features a custom feature wall and a cozy fireplace.

39 Annie Craig Drive Toronto

The balcony.

And of course, the condo has a view thanks to the wraparound balcony.

39 Annie Craig Drive Toronto

The view from the living room and the kitchen.

So, even with a crazy real estate market, you can live a life of luxury without breaking the bank, especially when maintenance costs cover just about everything!


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