This Rosedale condo is large, modern and half underground. Can a basement suite sell for $3 million?

​A unique condo in Toronto's upscale Rosedale neighbourhood is drawing attention for its unusual layout and hefty price tag. Listed at nearly $3 million, this spacious unit is partially located below ground level, challenging traditional ideas of luxury living.​

The condo features high-end finishes, including custom cabinetry, premium appliances, and elegant stone countertops. Despite its subterranean aspect, the design incorporates large windows and high ceilings to maximize natural light, creating an open and airy atmosphere.​

Rosedale is known for its historic homes and tree-lined streets, making it one of Toronto's most prestigious areas. While the neighbourhood has seen a shift towards denser housing options, such as laneway and garden suites, properties like this condo remain rare. ​

The broader Toronto housing market has experienced fluctuations, with luxury condos facing challenges due to high interest rates and changing buyer preferences. Some high-end units have seen significant price reductions, reflecting a cooling in this segment of the market. ​

Despite these trends, the Rosedale condo's unique features and prime location may appeal to buyers seeking a distinctive property. Its combination of luxury finishes and unconventional design offers a different take on upscale urban living.​

As Toronto's real estate landscape continues to evolve, properties like this one highlight the city's diverse housing options and the ongoing redefinition of luxury in the urban context.