The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to Penthouse 16 at Governors Hill, one of Toronto's most prestigious luxury residences. Offering an extraordinary 6,375 square feet of refined living, this one-of-a-kind penthouse combines a beautifully appointed 3,755-square-foot interior with an unparalleled 2,500-square-foot private terrace overlooking a spectacular ravine with south & west exposures. Ravine views from every room. With floor-to-ceiling windows & multiple skylights, the interior is immersed in natural light. The principal spaces flow effortlessly from the expansive living room to a dramatic glass-enclosed dining room & a chef's kitchen appointed with custom millwork, 48" Sub-Zero Fridge, Miele dishwasher, a Jenn-Air cooktop, breakfast area, & a dumbwaiter to the terrace. A warm & inviting family room, complete with a fireplace & custom wet bar, offers the perfect setting for intimate gatherings. Upstairs, a remarkable flex space with a 3pc ensuite presents endless possibilities as a media lounge, executive office, fitness studio, or guest suite. The primary suite opens directly onto the main floor terrace, featuring a dressing room & a spa-inspired 8-piece ensuite with a jetted soaker tub & private sauna. All 3 bedrooms have ensuite washrooms, generous proportions, exceptional storage, & ravine views.The approximately 2,500 sqft spectacular terrace is unlike anything else in the city, a private, very quiet, outdoor oasis surrounded by mature trees & lush landscaped gardens, complete with multiple entertaining & dining areas, full irrigation, & service elevator access. Life at Governors Hill is defined by impeccable service & exceptional amenities. Residents enjoy a 24-hr gated entrance & concierge. Resort-like amenities inc. a saltwater indoor pool, squash courts, indoor pickleball court, gym, fitness facilities, guest suites, library, large party room with kitchen, elegant entertaining spaces, beautifully maintained grounds, billiard room & multiple guest parking.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$19,722/mo
Mortgage (principal + interest)$13,093
Property taxFrom listing: $17,412/yr$1,451
Condo feesFrom listing$5,178
Minimum 20% ($700,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$700,000
Ontario land transfer taxProvincial brackets, no first-time refund$73,975
Toronto land transfer taxMunicipal brackets, no first-time refund$83,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$860,250
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
