Cypress at Pinnacle Etobicoke is a 25-storey Pinnacle International building addressed at 5475 Dundas Street West and 50 Thomas Riley Road, registered as TSCC-2969 on 9 March 2023 and managed by Del Property Management. The maintenance fee rate is $0.66 per square foot, comfortably below the local average.
Three sources give three different completion years for this building, and two give different unit counts. That is unusual even by the standards of this neighbourhood, and it is the reason this page reads more cautiously than most of mine.
Cypress at a glance
| Field | Detail | Source |
|---|---|---|
| Address | 5475 Dundas Street West & 50 Thomas Riley Road | condos.ca, strata.ca |
| Storeys | 25 — three sources agree | condos.ca, strata.ca, TalkCondo |
| Suites | 295 or 288 — sources disagree | condos.ca / strata.ca |
| Completed | 2020, 2022 or 2023 — three sources, three answers | see below |
| Developer | Pinnacle International | condos.ca |
| Property management | Del Property Management | condos.ca |
| Condominium corporation | TSCC-2969, registered 9 March 2023 | condos.ca |
| Maintenance fee rate | $0.66 per sq ft (neighbourhood average $0.78) | strata.ca, read 23 Aug 2026 |
| Neighbourhood | Islington – City Centre West | both |
condos.ca says the building was built in 2023. strata.ca says 2020. A pre-construction marketing site says occupancy began in 2022. The corporation registered on 9 March 2023, which is consistent with the latest of the three and inconsistent with the earliest.
Registration and completion are different events — a building can be occupied for a year or more before its corporation registers — so none of this is necessarily contradictory in reality. But strata.ca’s 2020 cannot be reconciled with a March 2023 registration under any normal timeline. If the year matters to you, get it from the declaration rather than from me or from a database.
The transit claim I am not going to repeat
condos.ca describes this building as “steps from the Kipling subway station.” strata.ca gives the nearest transit as the Dundas Street at Shaver Avenue surface stop, and offers no subway walking time at all.
I am not publishing “steps from Kipling” as a fact, for a specific reason. Subway proximity is one of the highest-value claims you can make about an Etobicoke condominium — it is worth real money at resale — and no source I read gives a measured walking time. A phrase like “steps from” with no distance attached is marketing language, not a measurement. My licence is on this page.
What I can say honestly: this building sits in the Kipling station catchment, in a neighbourhood where the two Kip District buildings a short distance away are independently documented as a one-minute walk to the station. Cypress is close to that cluster. Whether it is a one-minute walk or an eight-minute walk is something you should establish on foot, from the specific entrance, before you pay a premium for it. That takes ten minutes and it is the single highest-value thing you can do at a showing here.
Location, and what is actually nearby
The building sits between Kipling Avenue and Highway 427. condos.ca lists a Farm Boy about a six-minute walk away, along with the usual Dundas Street chains.
The 427 proximity cuts both ways and I would rather name both sides. It is why this address works so well for anyone commuting to Mississauga, the airport corridor or anywhere west — you are on the highway in minutes. It is also a highway. No source I read characterises noise or air quality at this building one way or the other, so I am not going to claim there is a problem. But visit the suite with the window open, at rush hour, before you decide it is fine.
The fee rate is the strongest number here
$0.66 per square foot against a $0.78 neighbourhood average, per strata.ca on 23 August 2026. For a building of this age with a concierge, that is a good outcome for owners.
The caution that always goes with a low fee in a young building: the first-year budget is set by the developer before the building has ever operated, and it tends to be optimistic on utilities, insurance and staffing. A corporation registered in 2023 has had very little time to correct that. Ask for the current budget alongside the first-year one, and read the reserve fund study. A low fee that is about to be corrected upward is not a bargain.
When I checked this building on 23 August 2026, the two large public condo databases — condos.ca and strata.ca — disagreed about what the monthly fee covers. That pattern held on most South Etobicoke buildings I checked, which tells me at least one of them is populating the field from individual MLS listings rather than from the corporation’s budget. Under my licence I’m not willing to publish a fee inclusion list I can’t stand behind. The only reliable source is the status certificate, which the corporation must provide within 10 days of a written request and a fee capped at $100 including HST under Ontario’s Condominium Act. Ask for it before you waive conditions, and have your lawyer read it.
For this building, one source lists common elements, building insurance and water as included, and does not mention heat, hydro or air conditioning. A silent omission is not a confirmed exclusion — it may simply be an unpopulated field. The other source does not render the block at all. Treat the whole question as open until the status certificate answers it.
Amenities: two different lists, and why I will not merge them
The registered building’s published amenity list is short: concierge, gym, party room. The pre-construction marketing material promises considerably more — a fitness room, a yoga room, a party room with kitchenette, an outdoor terrace with barbecue area, a children’s play area, 24-hour concierge and a fob-controlled security system.
Those are two different kinds of document. One describes what was sold; the other describes what a database recorded after the building opened. They should not be combined into a single confident list, and any agent who hands you the marketing list as though it describes the finished building is doing you a disservice. Ask the property manager which amenities actually exist and are open.
When I checked the two large public condo databases on 23 August 2026, they disagreed about this building’s average price per square foot by a wide margin — and that pattern held across every building I checked in this pocket of Etobicoke. The gaps ran from 18% to 27%. Two databases cannot both be right about the same building on the same day, and I have no way to tell you which one is closer. What that tells you is simple: aggregator price-per-square-foot figures are not a valuation. They are built from small samples, sometimes mixed with rental data, and they move sharply on one unusual sale. If you want to know what a specific suite is worth, ask me for the actual sold comparables and I will show you the individual transactions.
The market figures I can stand behind
| Figure | Value (read 23 Aug 2026) | Source |
|---|---|---|
| Average days on market | 23 | strata.ca |
| Sale price vs list | −0.67% — essentially at asking | strata.ca |
| Twelve-month activity | 23 sold, 51 rented | strata.ca |
| Twelve-month value change | Not published on either source | — |
Twenty-three days and effectively asking price is a healthy liquidity picture — better than several of the buildings I have written about this month. Twenty-three sales in a year is also a workable sample, which is more than can be said for some neighbours.
Note what is missing: neither source publishes a twelve-month value change for this building. Given that most surrounding buildings show declines, the absence of a figure is not the same as an absence of movement. Ask for the sold comparables.
One thing not to confuse
A marketing page references a separate Pinnacle project at 5415 Dundas Street West with substantial street-level retail and first-level commercial office space. That is a different building. Do not attribute that retail to Cypress. Podium retail at Cypress itself is not documented on anything I read.
What I could not verify
- Suite count (295 vs 288), completion year (three answers), unit size range (three different ranges across sources).
- Architect and interior designer — named only on a pre-construction marketing site.
- Fee inclusions, pet policy, EV charging, guest suites, townhouse component, podium retail.
- Parking and locker. A marketing page states one space and one locker per suite, but those are pre-construction purchase terms and do not describe what a resale unit includes. Confirm parking on the legal description of the specific suite.
The takeaway
Cypress is a young, well-priced building on the Kipling side of Etobicoke with a genuinely low fee rate and healthy liquidity — suites moving in about three weeks at close to asking. The reasons to go slowly are the data: three completion years, two unit counts, an amenity list that does not match the sales material, and a subway proximity claim nobody has measured. None of that is a red flag about the building. All of it is a reason to walk the route to Kipling yourself and read the status certificate before you waive anything.
Thinking about this building?
Send me the unit number or the listing link. I’ll tell you what I actually know about the building, what I’d want to see in the status certificate, and whether the price makes sense against what has sold. No pitch, no obligation.
connect@jatindua.com · 437-987-1925 · Book a free consultation
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Frequently asked questions
How many units are in Cypress at Pinnacle Etobicoke?
The sources disagree: condos.ca says 295 and strata.ca says 288, with a pre-construction marketing page also showing 295. All three agree on 25 storeys. The condominium declaration settles the unit count if it matters to your analysis.
When was Cypress at Pinnacle built?
Three sources give three different years: 2020, 2022 and 2023. The corporation, TSCC-2969, registered on 9 March 2023, which cannot be reconciled with a 2020 completion. Registration and completion are separate events, so some spread is normal — but get the year from the declaration rather than a database.
Is Cypress at Pinnacle walking distance to Kipling station?
One database describes it as “steps from the Kipling subway station” but gives no measured walking time; the other lists only a surface stop at Dundas Street and Shaver Avenue. Subway proximity is worth real money at resale, so I will not publish an unmeasured claim. Walk the route from the specific entrance yourself before paying a premium for it.
What are the maintenance fees at Cypress at Pinnacle?
strata.ca showed $0.66 per square foot against a neighbourhood average of $0.78 when I read it on 23 August 2026 — a good rate. Bear in mind that in a corporation registered as recently as 2023, the fee may still reflect the developer’s first-year budget rather than the building’s real operating cost. Ask to compare the first-year and current budgets.
What amenities does Cypress at Pinnacle have?
The registered building’s published list is short — concierge, gym and party room. Pre-construction marketing promised more, including a yoga room, outdoor terrace with barbecue and a children’s play area. Those are different kinds of document and should not be merged. Ask the property manager which amenities exist and are open.
Does Cypress at Pinnacle come with parking?
A pre-construction marketing page states one parking space and one locker per suite, but those are original purchase terms and do not describe what a resale unit includes. Always confirm parking and locker ownership on the legal description of the specific suite.
Is there retail at Cypress at Pinnacle?
Not that I could verify. A marketing page references substantial retail and commercial office space at 5415 Dundas Street West, but that is a separate Pinnacle project — do not attribute it to Cypress. Podium retail at this building is undocumented on the sources I read.
Sources
- condos.ca — Cypress at Pinnacle Etobicoke, 5475 Dundas St W & 50 Thomas Riley Rd. Addresses, storeys, suite count, developer, property management, corporation number and registration date, amenity list, fee-inclusion field, price per square foot and nearby retail. Accessed 23 August 2026.
- strata.ca — 5475 Dundas St W & 50 Thomas Riley Rd, Cypress at Pinnacle. Alternative suite count and completion year, maintenance fee rate against the neighbourhood average, days on market, sale-to-list ratio, twelve-month sales and rental counts and the nearest surface transit stop. Accessed 23 August 2026.
- Condominium Act, 1998, S.O. 1998, c. 19 (Ontario). The statute governing status certificates, declarations, reserve fund studies and the prescribed maximum fee. Accessed 23 August 2026.
- Condominium Authority of Ontario. Ontario’s condominium regulator and the public registry of condominium corporations, for confirming registration details. Accessed 23 August 2026.
Related reading
- Condos near Islington and Kipling stations — the subway buyer’s guide
- Living at The Kip District, Thomas Riley Road
- One Sherway Condos: all four towers, compared
- Buying into a brand-new condo corporation: what to check
- What a status certificate tells you about an Ontario condo
About the author — Jatin Dua, Etobicoke real estate agent
I’m a licensed Realtor with RE/MAX Quantum Realty at 799 The Queensway in Etobicoke, a few minutes from every building on this page. I work with buyers, sellers and investors across Mimico, Humber Bay Shores, New Toronto, Long Branch, Alderwood and the Stonegate–Queensway corridor. I write these building guides the way I’d brief a client at my own kitchen table: what is documented, what isn’t, and where the published numbers disagree with each other.
Questions about a specific suite? connect@jatindua.com or 437-987-1925.