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Price Change$4,198,000

501 - 50 Old Mill Road

Kingsway South, Toronto

$3,998,000

Condo Apartment |
2 | 3 | 2 | 1
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. The primary suite offers heated stone floors in the ensuite, custom closets, and tranquil views. White oak shaker doors, panels, and baseboards add a consistent, high-end finish throughout. Includes two parking spaces and a locker. Don't miss this opportunity to own a one of a kind penthouse in a highly sought-after building and neighbourhood.

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size2750-2999 sq. ft.
Maintenance Fees$2,710
LockerExclusive
BalconyTerrace
ExposureSouth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$16,175
mls© NumberW12395569
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Water Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$20,464
Property tax
$1,348
Heat allowance
$150
Condo fees, half counted
$1,355
Housing costs
$23,317 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $799,600
25-yr amortization

Income needed

$717,000

gross annual household income

Payment at 4%
$16,824 / mo
Cash down
$799,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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