Price per sqare foot (or PPSF for short) is a measure of how much a buyer pays for a suite divided by its size. It is often used to determine “how much home” you get for your buck. It’s proven to be quite an elusive number, but nonetheless good to know when making a potential condo purchase.
A quick look at some of Sotheby Realty’s listings will show you how much PPSF can vary from one condo to another and what you can get for each price range. Take a look at the condos below. Can you guess the PPSF of these Toronto luxury homes? Answers are at the bottom:
1. 118 Yorkville Ave #703: Grand and impressive 6,300 sqft conjoined corner suite in the heart of Yorkville. Includes 9 rooms 6 balconies, private elevator access, 5 fireplaces and 4 parking spaces. A perfect blend of regal classical renaissance and modern design. <view listing>
2. 224 King St W #4701: Scavolini custom Italian imported kitchen cabinetry and custom marble & hardwood throughout this 3,270 sqft luxury home. Features 4 bedrooms, 11′ ceilings, plus a wrap around terrace. Top of the line appliances, including wolf gas cook top. <view listing>
3. 160 Frederick Street, Suite #207: A comprehensively renovated 2100 sqft condo, including the cook’s dream eat-in kitchen, 2.5 updated bathrooms & amazing Jatoba hardwood flooring. The layout is simply brilliant with a complete separation of public spaces and bedrooms. <view listing>
1. d) $2,380/sqft
2. b) $1,674/sqft
3. a) $614/sqft