$1,250,000 - 297 College Street Unit PH5, Downtown Toronto
Condo for Sale in Downtown Toronto
31 days on marketNeighbourhood: Kensington-Chinatown
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- MLS Number
- C13749486
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,000
- Maintenance Fees
- $500/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RARE REAL ESTATE
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.
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kensington-Chinatown
Kensington-Chinatown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kensington-Chinatown
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kensington-Chinatown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
297 College Street Unit PH5, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2083/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $500/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Kensington-Chinatown
I know Kensington-Chinatown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.