Property Details
Address: 45 Carlton Street Unit 1009 Toronto M5B 2H9
Type: 2 Bed Plus Den and Solarium
Description: Why Larger Condos Like 45 Carlton Are Making a Comeback
The Toronto condo market has gone through a reset. Prices have corrected, inventory has increased, and buyers have more leverage than they’ve had in years.
But here’s what most people are missing: not all condos are created equal—and not all segments are moving the same way.
Large, functional units like the one at 45 Carlton Street are quietly becoming some of the most valuable assets in the market.
Let’s break down why.
1. The Shift Away from Micro Units
Over the past decade, developers optimized for price per square foot. That meant smaller units, tighter layouts, and more investor-focused products.
Now we’re seeing the consequences.
End users—families, professionals, and downsizers—are looking for space again. And the supply simply isn’t there.
A 1,300 sq. ft. unit in downtown Toronto is no longer standard. It’s rare.
2. Location Still Drives Everything
45 Carlton sits in one of the most connected pockets of the city.
You’re steps to Yonge & College subway access. You’re surrounded by retail, grocery, and lifestyle amenities. And you’re across from one of Toronto’s most iconic landmarks.
In real estate, location compounds value over time.
And in a market where buyers are more selective, properties in walkable, transit-oriented locations outperform.
3. Layout > Price Per Square Foot
One of the biggest mistakes buyers make is focusing only on price per square foot.
But what actually drives value is usability.
This unit offers:
• 2 bedrooms + den
• A solarium for flexible space
• Defined living areas
That matters for both resale and rental demand.
A well-designed 1,300 sq. ft. unit will outperform a poorly designed 900 sq. ft. unit—even if the price per square foot looks higher.
4. Amenities Still Matter
This building delivers full-service amenities:
• Indoor pool
• Gym
• Concierge
• Rooftop terrace
In a competitive market, amenities support both lifestyle and value retention.
5. The Long-Term Play
Here’s the bigger picture.
New condo construction is slowing dramatically. That means fewer completions in the coming years.
At the same time, demand for livable, larger units is increasing.
That creates a simple equation:
Less supply + stronger end-user demand = long-term upward pressure on value.
Final Thought
This isn’t just about one listing.
It’s about understanding where the market is heading.
The best opportunities today are not always the newest buildings—they’re the ones that offer what the future buyer will value most.
Space. Location. Functionality.
And that’s exactly what this property delivers.
Brought to you by:
Alex J. Wilson
#2 Individual RE/MAX Agent for Closed Sales in Canada 2024 and 2025
#1 Individual RE/MAX Agent for Closed Sales in Canada 2022
Member of RE/MAX Circle of Legends
Broker Owner
RE/MAX Wealth Builders Real Estate
Email: alex@remaxwealth.com
Book a call with Alex - click here to list your property or to buy your next one.
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