most expensive parking toronto

Toronto parking spot priced at an astonishing $175K might be a new record

Living in Toronto is expensive enough, but parking costs are also on another level in the city.

Parking spots in new condo buildings have hit stratospheric heights in recent years, and it is no longer uncommon to find these designated slots of painted asphalt sold for prices that exceed the $100,000 mark.

One fancy Yorkville condo tower could hold the very specific distinction of being home to the single-most expensive parking spot ever put up for sale in Toronto, priced at a completely ridiculous $175,000.

The listing for space 305 at 18 Yorkville Avenue has sat awaiting a buyer since mid-2022, and it’s not too hard to fathom why at a price like that.

A further caveat is the fact that the buyer must already own property in the condo tower to qualify for this (and I'm using this word generously) deal.

Assuming you have a condo in the building and the cash for this pricey space, you will still have to fork over $55.41 monthly for maintenance fees.

At the start of 2022, the three most expensive parking spots in Toronto were all similarly located in condominium towers.

One year ago, the most expensive spot out there was a $125,000 spot at 197 Yonge, and almost a year later, it's still on the market at a more affordable $120K.

The two runners-up for the top three last year, at 89 McGill Street and 49 East Liberty Street, were both listed at $100K, and, remarkably, appear to have both sold.

It all seems absurd how just ten years ago, you could find a downtown condo priced in the mid-$200,000s. A decade later, residents of million-dollar-plus condos are expected to fork over another $175K just for a place to park.

Lead photo by

Jack Landau

Latest Videos

Latest Videos

Join the conversation Load comments

Latest in Real Estate

Here's how much it really costs to own home in Toronto

Toronto landlord slammed for renting out room full of bunk beds for $2,000 per month

Ontario mall will be completely demolished and replaced by futuristic towers

You can buy an entire 18-unit Toronto apartment building for $7M right now

This $15M ultra-modern Toronto home was designed to maximize views of the lake

Toronto apartment sold at significant loss shows just how turbulent market is

City of Toronto aims to expropriate block of storefronts for transit project

Ontario landlord slammed for renting out dingy shack with no door for $1,350 a month