Townhouses are growing in popularity across Canada, especially in hot markets where the price of singly-family homes continues to rise. According to the Canadian Real Estate Association, sales of this housing type are up 17.4 per cent year over year in June.
Within the Toronto real estate market, townhouses also present a relative bargain; they were priced at an average of $704,449 last month, reveals the Toronto Real Estate Board, compared to an average of $1,386,524 for detached houses.
However, this low-rise option is becoming highly sought among affluent home buyers as well. A report from Sotheby’s International Realty Canada states sales of multi-unit housing priced above $1 million are up a whopping 98 per cent year this year. Sales of Toronto townhouse units priced over $4 million rose 150 per cent.
Stated Sotheby’s CEO Brian Henderson, “Multi-unit residential, whether it’s condos or townhomes, is becoming a choice for move-up buyers or right-sizers because they’re looking to focus on something where it’s a bit more affordable, and wanting to have a good address and still have enough space for their stuff and lifestyle.”
But how do luxury townhouses stack up against their detached counterparts? To find out, Zoocasa round up seven of the most luxurious Toronto townhouse listings, all of which require a few million to spare – and it should come as no surprise that over-the-top amenities and high-end design features set the standard.
Check out the most luxurious townhouses in Toronto in the galleries below:
Tha 1 St. Thomas Street
Listed at: $5,998,000
3 bed, 5 bath, 3,500 – 5,000 sq. ft.
TH105-32 Davenport Road
Listed at: $1,498,000
3 bed, 3 bath, 1,200 – 1,399 sq. ft.
#3-850 Richmond Street W
Listed at: $1,398,000
3 bed, 2 bath, 1,600 – 1,799 sq. ft.
Why we love it: Besides being located in the vibrant West Queen West neighbourhood (and just a hop, skip and a jump from Trinity Bellwoods park!) this Toronto townhouse oozes elegance. The unit features soaring 20 ft ceilings, a Custom Cecconi Simone Kitchen with marble island and elegant marble washrooms, upgraded hardwood, and underground parking.
TH 123-29 Queens Quay E
3+1 bed, 4 bath, 2,750 – 2,999 sq. ft.
1082 Bay Street
Listed at: $2,499,000
2 bed, 3 bath, 2,500 – 2,749 sq. ft.
#10-20 Hargrave Lane
Listed at: $1,338,888
3+1 bed, 3 bath, 1,600 – 1,799. sq. ft.
1040 Avenue Road
Listed at: $1,998,000
3 + 1 bed, 3 bath, 1,890 – 1,999 sq. ft.