$4M · 2 bed Condo Apartment · Kingsway South, Toronto

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About this home

This rare full-floor penthouse at The Riverstone offers 2,959 sq. ft. of living space with sweeping views of both the city skyline and Humber River. Direct elevator access opens to a bright, functional layout featuring engineered hardwood throughout and custom-built cabinetry. The kitchen includes premium appliances such as a Wolf cooktop and oven, Falmec hood, and custom millwork. The living room features a marble-faced fireplace with quartz hearth, perfect for relaxed evenings or entertaining…

Property details

MLS#

W12395569

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

2750-2999

Style

Apartment

Type

Condo Apartment

Year built

—

Fireplace features: Living Room

Building name: The Riverstone
Condo corp #: 623
Balcony: Terrace
Locker: Exclusive
Fees include: Water Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Bloor St. W and Old Mill Road
Basement: None
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free
Parking features: —

Level	Room	Dimensions
Main	Bedroom	7.49m × 8.11m
Main	Bathroom	3.53m × 4.18m
Main	Bathroom	1.34m × 1.98m
Main	Living Room	7.5m × 4.69m
Main	Kitchen	5.82m × 4.63m
Main	Dining Room	5.24m × 3.96m
Main	Family Room	6.79m × 3.74m
Main	Bedroom 2	5.69m × 3.81m
Main	Bathroom	2.22m × 2.47m
Main	Den	7.49m × 4.69m

Level

Room

Dimensions

Main

Bedroom

7.49m × 8.11m

Main

Bathroom

3.53m × 4.18m

Main

Bathroom

1.34m × 1.98m

Main

Living Room

7.5m × 4.69m

Main

Kitchen

5.82m × 4.63m

Main

Dining Room

5.24m × 3.96m

Main

Family Room

6.79m × 3.74m

Main

Bedroom 2

5.69m × 3.81m

Main

Bathroom

2.22m × 2.47m

Main

Den

7.49m × 4.69m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $3,998,000✓ $16,175 tax✓ Electric✓ 2750-2999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$30,558/mo

incl. closing costs (yr 1)

Annual total

$366,694

year 1

Mortgage only

$15,167/mo

principal + interest

Beyond mortgage

$7,730/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$799,600

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,348/mo

Utilities

Hydro / electricity$111/mo

≈ $0.13/ft² × ~2,875 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$39,980/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$226/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$86,425

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $182,006/yr

Property taxes28% $102,600/yr

Utilities1% $2,888/yr

Insurance & security0% $1,600/yr

Maintenance11% $39,980/yr

Condo fees9% $32,520/yr

Closing costs1% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$182,006	$15,167/mo
Government & taxes
Property tax	$16,175	$1,348/mo
Land transfer tax(closing)	$86,425	$7,202/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,328	$111/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$39,980	$3,332/mo
Condo fees
Condo / HOA fees	$32,520	$2,710/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$366,694	$30,558/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs