$6,000,000 - 99 John Street Unit 4802, Downtown Toronto
New Construction for Sale in Downtown Toronto
58 days on market- MLS Number
- C13019082
- Property Type
- New Construction
- Status
- active
- Days on Site
- 58
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Once again, Pinnacle International celebrates penthouse living with this luxurious half-floor residence atop the iconic PJ. Perfectly situated in the heart of the city, just steps to Bay Street, world-class theatre, symphony, ballet, premier dining, sports venues, the PATH system, and some of Toronto's finest hotels. A full-length balcony spans the entire suite (311 sq. ft.), while above, a dramatic 1,424 sq. ft. columned rooftop terrace offers breathtaking panoramic views of the city skyline, Lake Ontario, and spectacular western sunsets. Complete with gas, water, and hydro, this extraordinary outdoor space is ideal for entertaining or private retreat. Inside, elegant herringbone hardwood floors flow throughout. The chef-inspired kitchen features Thermador stainless steel appliances, a generous centre island, and abundant custom cabinetry. The suite offers three spacious bedrooms, including two with private ensuites and walk-in closets. The primary retreat is a true standout, boasting a spa-like ensuite with stunning views of downtown Toronto. A rare and valuable feature, two separate dens-each with exceptional views-provide ideal spaces for a home office, library, or additional lounge areas. Designed for both grand entertaining and refined everyday living, this exceptional penthouse delivers space, style, and sophistication in equal measure. Live life exclusively and elegantly.
Estimate your monthly payments for this property
Estimated Payment
$26,540.02/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
99 John Street Unit 4802, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2182/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 58 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $25,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.