{"id":950713,"date":"2026-10-29T14:10:09","date_gmt":"2026-10-29T14:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/950713\/"},"modified":"2026-10-29T14:10:09","modified_gmt":"2026-10-29T14:10:09","slug":"toronto-penthouse-seller-makes-six-figure-price-cut-to-find-a-buyer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/950713\/","title":{"rendered":"Toronto penthouse seller makes six-figure price cut to find a buyer"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

This 1,290-square-foot penthouse south of St. Lawrence Market has two bedrooms and three bathrooms spread across two-storeys.Corcoran Horizon Realty<\/p>\n

1 Market St., Ph 1., Toronto <\/p>\n

Asking price: $1,599,900 (June, 2026)<\/p>\n

Previous asking prices: $1,699,900 (May 26); $1,775,000 (May 7); $1,849,900 (April, 2026) <\/p>\n

Selling price: $1.5-million (August, 2026)<\/p>\n

Taxes: $6,691 (2026)<\/p>\n

Days on the market: 58<\/p>\n

Property days on market: 110 <\/p>\n

Listing and buyer\u2019s agent: Elias Ben Khelifa, Corcoran Horizon Realty <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The 600-square-foot terrace is equipped with a built-in barbecue.Corcoran Horizon Realty<\/p>\n

The action<\/p>\n

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. <\/p>\n

\u201cIt was really hard to use comparable sales in the building or the area to determine what its value was,\u201d said Mr. Khelifa. <\/p>\n

\u201cIt\u2019s higher than the average price per square foot downtown, but it\u2019s reflective of the fact this is a premium unit and location, basically right by St. Lawrence Market.\u201d<\/p>\n

But three cuts to the asking price \u2013 and a stretch of sunny weather that underscored the perks of having a 600-square-foot terrace with a built-in barbecue \u2013 were needed before the two-bedroom suite received a $1.5-million purchase offer in August. <\/p>\n

\u201cIt took a little bit longer to sell than usual with market conditions,\u201d said Mr. Khelifa. <\/p>\n

\u201cThe 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.\u201d<\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The penthouse has 10-foot ceilings and windows that span from floor to ceiling.Corcoran Horizon Realty<\/p>\n

What they got <\/p>\n

The 13-year-old penthouse has 10-foot ceilings, full-height windows and sliding doors to the terrace from the kitchen and living room.<\/p>\n

The bedrooms are on the second floor. <\/p>\n

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. <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The two bedrooms are situated on the second floor.Corcoran Horizon Realty<\/p>\n

The agent\u2019s take <\/p>\n

\u201cThe owner modified the floor plan with the builder, adding skylights and a third bathroom,\u201d Mr. Khelifa said. <\/p>\n

\u201cAnother major modification was relocating the stairs, which was originally a spiral staircase.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: This 1,290-square-foot penthouse south of St. Lawrence Market has two bedrooms and three…\n","protected":false},"author":2,"featured_media":950714,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,49594,143460,1398,968,3302,143459],"class_list":["post-950713","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-done-deal","tag-donedeal","tag-nodelphi","tag-real-estate","tag-toronto","tag-toronto-home-sales"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/950713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=950713"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/950713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/950714"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=950713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=950713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=950713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}