MLS® listing
297 College Street PH5: condo apartment for sale
$1,250,000
From the listing brokerage
Welcome to PH5 at 297 College Street - a truly exceptional, one-of-a-kind penthouse where sophisticated design meets breathtaking city views in the heart of Kensington-Chinatown. This fully customized 1 Bedroom + Den residence has been meticulously crafted for those who appreciate exceptional architecture, materials, and detail. From the moment you enter, the level of craftsmanship is unmistakable. Wide-plank white oak chevron flooring flows throughout, complemented by striking white oak hardwood ceilings and statement Buster + Punch lighting. The kitchen is a showpiece, featuring a dramatic Italian brown-vein marble backsplash and a custom marble bar that creates an incredible setting for entertaining. A matching marble fireplace adds warmth and character to the living space.The bedroom is beautifully integrated with custom white oak millwork, including a king-size bed and built-in desk, maximizing both style and functionality. The spa-inspired bathroom is finished floor-to-ceiling in luxurious blonde marble with refined Gingers hardware.But the true pièce de résistance is the view. Perched high above College Street, this penthouse offers an incredible urban panorama - an ever-changing backdrop of Toronto's skyline, rooftops and cityscape. Enjoy the view from the comfort of your living room or step outside onto the private balcony and take in the energy of downtown from above. Whether you're enjoying your morning coffee, entertaining friends or watching the city come alive at night, the outlook is spectacular.Located at College & Spadina, you're surrounded by the best of Kensington Market, Chinatown, Little Italy and the University of Toronto, with restaurants, cafés, shops, transit and culture right outside your door. Parking and locker included, plus concierge/security, gym and party room.A rare penthouse offering that combines extraordinary design, an unforgettable view and one of Toronto's most vibrant locations.
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $500 |
| Property tax | $4,000 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, CAC Included, Building Insurance Included, Common Elements Included, Water Included |
| Building amenities | Party Room/Meeting Room, Gym, Guest Suites, Rooftop Deck/Garden, Concierge |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Other |
| Features | Clear View, Hospital, Library, Park, Public Transit, School |
| Floor | 15 |
Listing courtesy of RARE REAL ESTATE. MLS® C13749486.
About this condo apartment
297 College Street PH5 is a 2 bedroom condo apartment in TRREB's Kensington-Chinatown community in Toronto, listed for sale at $1,250,000. The listing shows 1 bathroom and 600-699 square feet. The style is given as apartment. The unit faces south. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is College & Spadina.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: party room/meeting room, gym, guest suites, rooftop deck/garden and concierge.
What it costs to buy 297 College Street PH5
At the asking price of $1,250,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,250,000 |
|---|---|
| Ontario land transfer tax | $21,475 |
| Toronto municipal land transfer tax | $21,475 |
| Both taxes | $42,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $100,000 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $500 a month |
|---|---|
| Property tax (2026) | $4,000 a year, about $333 a month |
| Fee and tax together | about $833 a month |
The listing says the maintenance fee includes heat, cac, building insurance, common elements and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $1,250,000, which is $700,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 297 College Street PH5
How much is land transfer tax on 297 College Street PH5?
At the asking price of $1,250,000 the Ontario tax is $21,475 and the Toronto tax is $21,475, $42,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 297 College Street PH5?
$100,000 at the asking price of $1,250,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 297 College Street PH5?
The listing shows $500 a month, including heat, cac, building insurance, common elements and water. Check the current fee in the status certificate.
How much is the property tax on 297 College Street PH5?
The listing shows $4,000 a year for 2026, about $333 a month.
Is 297 College Street PH5 priced above or below the median?
It is listed at $1,250,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $700,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 297 College Street PH5?
Use the form on this page or call us. Quote MLS® C13749486. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 297 College Street PH5 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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