This 1,290-square-foot penthouse south of St. Lawrence Market has two bedrooms and three bathrooms spread across two-storeys.Corcoran Horizon Realty
1 Market St., Ph 1., Toronto
Asking price: $1,599,900 (June, 2026)
Previous asking prices: $1,699,900 (May 26); $1,775,000 (May 7); $1,849,900 (April, 2026)
Selling price: $1.5-million (August, 2026)
Taxes: $6,691 (2026)
Days on the market: 58
Property days on market: 110
Listing and buyer’s agent: Elias Ben Khelifa, Corcoran Horizon Realty
The 600-square-foot terrace is equipped with a built-in barbecue.Corcoran Horizon Realty
The action
Last year, a two-storey penthouse with a large terrace sold for $ 2.6-million at Market Wharf, a 34-storey building south of St. Lawrence Market. Next door, this 1,290-square-foot penthouse had a smaller, two-storey footprint, but considering its custom additions, including three skylights, a third bathroom and a new staircase, agent Elias Ben Khelifa suggested a list price of $1,849,900 this spring.
“It was really hard to use comparable sales in the building or the area to determine what its value was,” said Mr. Khelifa.
“It’s higher than the average price per square foot downtown, but it’s reflective of the fact this is a premium unit and location, basically right by St. Lawrence Market.”
But three cuts to the asking price – and a stretch of sunny weather that underscored the perks of having a 600-square-foot terrace with a built-in barbecue – were needed before the two-bedroom suite received a $1.5-million purchase offer in August.
“It took a little bit longer to sell than usual with market conditions,” said Mr. Khelifa.
“The unit had a west-facing terrace with no overhang, and it was something people were really drawn to. It has amazing forever views of the city.”
The penthouse has 10-foot ceilings and windows that span from floor to ceiling.Corcoran Horizon Realty
What they got
The 13-year-old penthouse has 10-foot ceilings, full-height windows and sliding doors to the terrace from the kitchen and living room.
The bedrooms are on the second floor.
The unit has a storage locker and one parking spot. Monthly fees of $1,102 cover water, heating, concierge, and use of building recreational amenities.
The two bedrooms are situated on the second floor.Corcoran Horizon Realty
The agent’s take
“The owner modified the floor plan with the builder, adding skylights and a third bathroom,” Mr. Khelifa said.
“Another major modification was relocating the stairs, which was originally a spiral staircase.”