71 days on Market

50 Old Mill Rd #501, Toronto, Ontario M8X 1G7

In the same building:
-
Condo
2
3
~2750-2999 sqft
$•••,•••
$3,998,000
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Condo
2
3
~2750-2999 sqft

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Highlights

Property Estimate

Days on market71 days

Estimated valueNot available

Price/Sqft$1,393/sqft

Monthly cost

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CMA Subject Property

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+2

Properties sold*

$2.3M

Median sold price*

*Based on last 30 days

Description

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.


Property Details

StyleApartment
View-
Age of property31-50
SqFt~2750-2999 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberW12395569
Community NameKingsway South
Data SourceTRREB
Listing byROYAL LEPAGE REAL ESTATE SERVICES LTD.

Features

Heating: Heat Pump
Cooling: Central Air
Fireplace

Main Floor

Bathroom

4.18 x 3.53

4 Pc Ensuite / Heated Floor / Quartz Counter

Living

4.69 x 7.5

Marble Fireplace / W/O To Terrace / B/I Shelves

Bathroom

2.47 x 2.22

3 Pc Bath / Quartz Counter / Tile Floor

Br

8.11 x 7.49

4 Pc Ensuite / B/I Closet / W/O To Terrace


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 2

Garage type Underground

Other parking spaces 0

Total parking spaces 2


5Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 11, 2025
ListedActive
$3,998,000
71 days on market
history photo preview50
Listing by trreb®

Market Data - Kingsway South

Geo Zone Map ThumbnailKingsway South

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

42 days

Compared to

2024

63 days

2023

3 days

2022

0 day

New Listings

Past 30 days

11 listings

Compared to

2024

7 listings

2023

2 listings

2022

0 listing

Units sold

Past 30 days

3 units

Compared to

2024

2 units

2023

2 units

2022

0 unit

Median Sold Price

Past 30 days

$745,000

Compared to

2024

$2,275,000

2023

$1,842,000


Population and Demographics

Overview

Total population 5044
Average household income $353,590

Age (%)

0 to 19
23%
20 to 34
13%
35 to 49
18%
50 to 64
23%
65 and plus
23%

Household composition (%)

Single family
72%
Single person
25%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
84%
Others
3%
Ukrainian
3%
Italian
2%
Polish
2%
Spanish
2%
French
2%
Portuguese
1%

House tenancy (%)

Owners
77%
Renters
23%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget