MLS® listing
2 Lynwood Avenue PH1: condo apartment for sale
$5,100,000
From the listing brokerage
There are very few penthouses in the city that offer this level of scale and architectural presence while still feeling like a private residence. This is one of them. Spanning nearly 5,000 square feet across two levels, this one of a kind residence crowns an intimate 16 suite boutique building in the heart of South Hill, conceived around this exceptional penthouse. With a layout more akin to a detached home, it offers a level of privacy rarely found in Toronto. A sculptural white staircase in Venetian plaster anchors the refined, modern interior, while matte herringbone floors add warmth throughout. The scale is striking, with a great room featuring 25 foot ceilings and an open flame fireplace, ideal for both entertaining and everyday living. Expansive windows fill the space with natural light, and the dining area and chef's kitchen connect seamlessly. A family room and main floor primary suite offer comfort and privacy. Upstairs, a library with fireplace and wet bar creates a destination space, alongside an additional bedroom suite and a separate office that could convert to a third bedroom. Renderings have also been prepared to illustrate the potential to convert a portion of the interior space into a private New York style terrace, offering a compelling vision of how outdoor living could be seamlessly integrated into the home, an increasingly rare luxury in this setting. With four car parking, concierge, and amenities including a pool and sauna, every detail is considered. Set near Yorkville, St. Clair West, and Forest Hill, the location offers exceptional convenience. But what truly sets this residence apart is its rarity, a unique opportunity to acquire nearly 5,000 square feet in a boutique setting, at a price per square foot that is difficult to replicate in today's market. Opportunities of this calibre are few and far between.
Facts on the listing
| Square feet | 4500-4749 |
|---|---|
| Style | 2-Storey |
| Basement | None |
| Parking spaces | 4 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $10,412 |
| Property tax | $17,872 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Building Insurance Included, Water Included, Common Elements Included, Parking Included |
| Building amenities | Concierge, Gym, Indoor Pool, Party Room/Meeting Room, Visitor Parking, Sauna |
| Balcony | Enclosed |
| Laundry | In-Suite Laundry |
| Parking | Underground |
| Interior features | Atrium, Bar Fridge, Primary Bedroom - Main Floor, Central Vacuum |
| Features | Park, Public Transit, Ravine, School |
| Floor | 7 |
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS® C13784748.
About this condo apartment
2 Lynwood Avenue PH1 is a 3 bedroom condo apartment in TRREB's Casa Loma community in Toronto, listed for sale at $5,100,000. The listing shows 3 bathrooms and 4500-4749 square feet. The style is given as 2-storey. The unit faces south. It comes with 4 parking spaces, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Avenue Road and St. Clair Ave W.
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: concierge, gym, indoor pool, party room/meeting room, visitor parking and sauna.
What it costs to buy 2 Lynwood Avenue PH1
At the asking price of $5,100,000, 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 | $5,100,000 |
|---|---|
| Ontario land transfer tax | $113,975 |
| Toronto municipal land transfer tax | $166,475 |
| Both taxes | $280,450 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $1,020,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. 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 | $10,412 a month |
|---|---|
| Property tax (2025) | $17,872 a year, about $1,489 a month |
| Fee and tax together | about $11,902 a month |
The listing says the maintenance fee includes building insurance, water, common elements and parking. 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 $5,100,000, which is $4,550,000 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 4 parking spaces 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 2 Lynwood Avenue PH1
How much is land transfer tax on 2 Lynwood Avenue PH1?
At the asking price of $5,100,000 the Ontario tax is $113,975 and the Toronto tax is $166,475, $280,450 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 2 Lynwood Avenue PH1?
$1,020,000 at the asking price of $5,100,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 2 Lynwood Avenue PH1?
The listing shows $10,412 a month, including building insurance, water, common elements and parking. Check the current fee in the status certificate.
How much is the property tax on 2 Lynwood Avenue PH1?
The listing shows $17,872 a year for 2025, about $1,489 a month.
Is 2 Lynwood Avenue PH1 priced above or below the median?
It is listed at $5,100,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $4,550,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 2 Lynwood Avenue PH1?
Use the form on this page or call us. Quote MLS® C13784748. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 2 Lynwood Avenue PH1 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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