In December 2022 Forbes reported the full floor penthouse at The One, 1 Bloor Street West, as the most expensive listing in Toronto. Peter Torkan was a listing broker on the 8,757 square foot, six bedroom, eight bathroom residence on the 80th floor, asking C$35 million. The New York Post called it Toronto's priciest listing.
The address has a longer history with Peter. In November 2007, in his second year in real estate, he walked into the One Bloor condo launch and did the opposite of what every other agent there was doing. Through an unconventional approach to the developer he secured thirty units and sold thirty three. That first year produced a lesson that has never stopped paying: access is not granted, access is constructed.
A penthouse at that level is sold on a comparable set of one. The price is built from replacement cost, the scarcity of full floor plates in the city, and what a handful of global buyers will pay to own the highest residence in Canada.
