A three bedroom corner condo near Bay and Bloor costs more than many detached homes in Toronto. So what do you get it you're willing to plop down over $2 million for a high rise unit? 

In the case of this unit at U Condos, that price tags brings with it lots of space, high ceilings, a well appointed kitchen, two parking spots, and a huge wrap-around balcony with panoramic views of the city. 

It's often hard to imagine a moderately sized family happily occupying a downtown condo, but a place like this is an obvious exception. While the third bedroom is currently set up as an office/guest room hybrid with a Murphy bed, it's easily big enough to be a standalone bedroom.

One noteworthy feature of this condo is that a giant master bedroom is sacrificed in favour of spreading the space out across the all three bedrooms. This distribution of space could make a lot of sense for some people, even if it diminishes the luxury factor a bit. 

Specs

Address: #4601 - 1080 Bay St.
Price: $2,088,000 
Bedrooms: 3
Bathrooms: 2
Parking: 2
Walk Score: 99
Transit Score: 100
Maintenance Fees: $1,010.28
Listing agent: Roseanne Ruth Agasse
Listing ID: C3973305

Good For

A family who insists on living downtown. Alternately, anyone who expects to host overnight guests on a regular basis might benefit from this set up. 

Move On If

You'd rather buy a detached home on a residential street. For this price, you can even snag one that's right beside the subway. 

Thanks to Bosley Real Estate Ltd., Brokerage for sponsoring our house of the week. All editorial written and selected by blogTO.