$2 million is a lot to spend on a condo in Toronto, but before you conjure up palatial penthouses loaded with amenities, you'll want to do a bit of a reality check. In today's fierce real estate market, you can't guarantee baller status by laying down a couple million. A nice condo you will get, but don't expect the moon.

Here's what a $2 million condo looks like in Toronto.

$2,269,000 on the waterfront
You'll feel like you're floating above the harbour at this new Queens Quay condo, but despite the gorgeous views, it's average-sized for the price point at 1,920 square feet. That said, it features two parking spots, major upgrades (can you say Miele appliances?), and ample outdoor space. Yeah, ok, this one makes the baller cut. Maintenance fees are $1,678.36 a month.

$1,879,000 near St. Clair and Spadina
This three-storey townhouse will be very attractive to families looking to live south of Eglinton but who still need ample interior space. Along with being located on one of Toronto's nicest streets in Russell Hill Rd., there are nice touches like a whole floor for the master bedroom, a private elevator, and two underground parking spots. Maintenance fees are $1,354.70 a month.

$2,099,000 in the Trump Tower
$2.1 million buys you two bedrooms and 1,861 square feet in the Trump Tower. In other words, not so much. The kitchen is downright tiny and the design borders on sterile. You're paying for address here, though you'd expect a suite that was a bit more opulent at this size and price. Maintenance fees are $1,911.80 a month.

$2,250,000 at Bayview and Lawrence
Located above Glendon College near the Bridle Path, Chedington Place is one of Toronto's most exclusive condos. This ravine-facing unit is almost 3,000 square feet with only two bedrooms, so it feels completely spacious. The design will suit an older buyer, but there's no denying it's as elegant as condos in this city come. Maintenance fees are $2,666.10 a month.

$2,395,000 in Yorkville
This old school condo is huge. At 3,600 square feet with a dining room that seats 25 (not to mention five bathrooms), it's perfect for someone who wants to entertain a whole bunch of people in an ornate space. Kidding aside, the bones are good, and it'd be easy to update this place. Maintenance fees come in at $3,160.61 a month.

Would you fork out for any of these condos if you had the cash? Let us know in the comments.