This rare full-floor penthouse at The Riverstone offers 2,959 sq. ft. of living space with sweeping views of both the city skyline and Humber River. Direct elevator access opens to a bright, functional layout featuring engineered hardwood throughout and custom-built cabinetry. The kitchen includes premium appliances such as a Wolf cooktop and oven, Falmec hood, and custom millwork. The living room features a marble-faced fireplace with quartz hearth, perfect for relaxed evenings or entertaining. The primary suite offers heated stone floors in the ensuite, custom closets, and tranquil views. White oak shaker doors, panels, and baseboards add a consistent, high-end finish throughout. Includes two parking spaces and a locker. Don't miss this opportunity to own a one of a kind penthouse in a highly sought-after building and neighbourhood.
2 bedrooms, 2 bathrooms, about 2,750 sq ft, works out to roughly $1,345 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 50 Old Mill Rd #501
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
2750-2999 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
50 Old Mill Rd #501 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13799464$3,698,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 50 Old Mill Rd #501 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$18,167
/mo
based on the purchase price of $3,698,000
$739,600 cash
$2,958,400 financed
$2,491,749 total interest
Principal54%$2,958,400
Interest46%$2,491,749
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 2–3 bed homes for sale in Toronto around $3.7M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,971Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
50 Old Mill Rd #501 is listed at $3,698,000 (MLS® W13799464). Summitly updates the price as soon as the MLS® record changes.
Is $3,698,000 a good price for 50 Old Mill Rd #501?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 50 Old Mill Rd #501 changed?
No — 50 Old Mill Rd #501 is still listed at its original asking price of $3,698,000.
How many bedrooms and bathrooms does 50 Old Mill Rd #501 have?
50 Old Mill Rd #501 has 2 bedrooms and 2 bathrooms, with about 2,750–2,999 square feet of living space. It is a condo in Toronto.
Is 50 Old Mill Rd #501 close to transit?
The nearest rapid-transit station is Old Mill Station (Line 2), about 190 m (about a 2-minute walk) in a straight line. Jane Station is about 910 m (about a 11-minute walk), and Royal York Station is about 1.4 km (about a 17-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 50 Old Mill Rd #501?
About $18,167 a month — principal and interest on $3,698,000 with 20% down ($739,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 50 Old Mill Rd #501 compare with other homes in Toronto?
Its asking price of $3,698,000 is about 338% above the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 50 Old Mill Rd #501 been sold before?
Summitly has no earlier MLS® sale or lease of 50 Old Mill Rd #501 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 50 Old Mill Rd #501?
50 Old Mill Rd #501 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 50 Old Mill Rd #501 been on the market?
52 days — 50 Old Mill Rd #501 was listed on September 17, 2026.
What is the price per square foot of 50 Old Mill Rd #501?
About $1,233 to $1,345 per square foot: the asking price of $3,698,000 over the 2,750–2,999 sq ft the listing gives as its size range.
Does 50 Old Mill Rd #501 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
