MLS® listing
51 Lady Bank Road 602: common element condo for sale
$688,000
From the listing brokerage
A truly exceptional penthouse in a boutique building offering a rare combination of privacy, light, space and unobstructed views. With only two suites on the penthouse floor, the building provides an uncommon level of privacy and exclusivity. The penthouse features extensive north and west-facing views with beautiful sunsets, as well as north-facing views overlooking the surrounding neighbourhood. With no other condominium buildings directly overlooking the property, the views are remarkably open and private. The expansive balcony provides an exceptional outdoor living space, with BBQs permitted and a natural gas hookup, as well as the opportunity to create a private oasis with plants and greenery. Inside, the 10-foot ceilings and windows along almost every exterior wall create an exceptionally bright, calm and airy living environment. The thoughtful split-bedroom layout places each bedroom in its own wing, providing privacy and separation from the main living areas. An entertainer's dream, the open-concept living space features a gas stove, seamless flow to the balcony through patio doors, and a dedicated TV wall, creating the perfect setting for hosting intimate dinners or larger gatherings. This is a rare type of condominium that is increasingly difficult to find. The boutique scale, generous outdoor space, ceiling height, natural light, privacy and unobstructed views combine to create a truly one-of-a-kind penthouse that feels fresh, peaceful and private.
Facts on the listing
| Square feet | 900-999 |
|---|---|
| Approximate age | 11-15 |
| Style | 1 Storey/Apt |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $879 |
| Property tax | $3,860 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | North West |
| Fee includes | Heat Included, Hydro Included, Water Included, Common Elements Included, Building Insurance Included, Parking Included |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Stacked |
| Interior features | Carpet Free, Primary Bedroom - Main Floor |
| Features | Clear View, Lake Access |
| View | Clear, Panoramic, Skyline |
| Floor | 6 |
Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® W13857006.
About this common element condo
51 Lady Bank Road 602 is a 2 bedroom common element condo in TRREB's Stonegate-Queensway community in Toronto, listed for sale at $688,000. The listing shows 2 bathrooms and 900-999 square feet. The style is given as 1 storey/apt. The unit faces north west. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is The Queensway & Islington Ave. The age is listed as 11-15 years.
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.
What it costs to buy 51 Lady Bank Road 602
At the asking price of $688,000, 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 | $688,000 |
|---|---|
| Ontario land transfer tax | $10,235 |
| Toronto municipal land transfer tax | $10,235 |
| Both taxes | $20,470 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $43,800 |
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 | $879 a month |
|---|---|
| Property tax (2026) | $3,860 a year, about $322 a month |
| Fee and tax together | about $1,201 a month |
The listing says the maintenance fee includes heat, hydro, water, common elements, building insurance 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.
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 51 Lady Bank Road 602
How much is land transfer tax on 51 Lady Bank Road 602?
At the asking price of $688,000 the Ontario tax is $10,235 and the Toronto tax is $10,235, $20,470 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 51 Lady Bank Road 602?
$43,800 at the asking price of $688,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 51 Lady Bank Road 602?
The listing shows $879 a month, including heat, hydro, water, common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 51 Lady Bank Road 602?
The listing shows $3,860 a year for 2026, about $322 a month.
How do I book a showing for 51 Lady Bank Road 602?
Use the form on this page or call us. Quote MLS® W13857006. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 51 Lady Bank Road 602 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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