Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Yonge-Bay Corridor
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750 Bay St, Toronto
Built
1999
Storeys
30
Suites
220
Developer
H&R Developments
Corporation
MTCC-1284
Walk Score
98
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What is your unit at The Penrose worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 19BayTTC busSteps away
- 506College St at Bay St506 Carlton streetcarSteps away
- 13Avenue RdTTC bus0.2 km
- 97YongeTTC bus0.3 km
- 1College stationLine 1 Yonge–University0.3 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.7 km
- UPUnion stationUP Express · Pearson to Union1.7 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Orde Street Public School
18 Orde St, Toronto
0.5 km · ~8 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
1.0 km · ~16 min walk
Zoned for this address
Catholic elementary
Our Lady of Lourdes Catholic Elementary School
1.1 km · ~17 min walk
Nearest, confirm zoning
Catholic elementary
St Michael Catholic Elementary School - Bldg 1
1.8 km
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
0.6 km · ~9 min walk
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.1 km · ~17 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at The Penrose actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 3 | $417,000 | 11 | $2,600/mo |
| 2 bed | 4 | $756,500 | 16 | $3,450/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at The Penrose
Do mostly owners or renters live here?
Renter-heavy building. Of 67 deals here in the last 24 months, 54 were leases and 13 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at The Penrose?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about The Penrose
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Coffee
Neo Coffee Bar
Steps away
Pizza
Pizzaiolo
Steps away
Restaurant
Pronto To Go Cafe
Steps away
Sandwiches
Subway
Steps away
Sushi
The Hand Roll Sushi Bar
Steps away
Pizza
Pizza Pizza
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- College Park
- Joseph Sheard Parkette
- Opera Place
Nearest grocery
Farm Boy
Steps away
Prices: TRREB MLS® System aggregate medians for 750 Bay St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
The Penrose is the building I show buyers who walk into a newer Bay Street tower, see the fee, and then realize they will also be paying hydro, heat and parking on top. At 750 Bay, almost everything is in one cheque, the suites are larger than today’s norm, and there is an indoor pool and a covered running track. The trade-off is a 1999 building that needs a careful look at its reserve fund. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
The Penrose is a 30-storey, 220-suite condominium at 750 Bay Street in the Bay Street Corridor, just south of College Street in downtown Toronto. It was developed and built by H&R Developments and completed in 1999. The condominium corporation is MTCC-1284, registered on 9 December 1999, and condos.ca lists Andrejs Management as property manager. Condos.ca lists the maintenance fee as covering common elements, heat, hydro, air conditioning, building insurance, parking and water. Suites run from about 497 to 1,177 sq ft.
The Penrose at a glance
One cheque covers almost everything
The single most important fact about The Penrose is its fee structure. Condos.ca lists common elements, heat, hydro, air conditioning, building insurance, parking and water as included. Hydro is the one that stands out: in nearly every tower built in the last fifteen years, hydro is on your own meter, and so are heating and cooling.
That is why the fee looks high on paper. Among current listings it works out to roughly $1.34 per square foot, against about $0.90 next door at Lumiere. Before you compare the two, add back a monthly hydro bill, a share of heating and cooling, and a parking space to the newer building. The gap shrinks a great deal.
The flip side of an all-inclusive fee is that you cannot control it. When utility rates rise, the corporation’s budget rises and so does everyone’s fee, whether or not you were careful with the thermostat. Ask for the last two or three years of budgets to see how the fee has moved.
Bigger suites from a different era
Condos.ca puts the suite range at about 497 to 1,177 sq ft, and the current listings show what that means in practice. One-bedroom plans here can reach the 700 sq ft range, which is closer to what a newer building would sell as a two-bedroom. The two-bedroom and two-plus-den plans are real family-sized suites by downtown standards.
Listing descriptions for suites here mention walk-in closets, in-suite laundry, breakfast-bar kitchens and balconies, with parking and a locker included with some suites. Finishes vary widely, because after more than 25 years some owners have renovated and some have not. Budget for the kitchen and bathrooms if you buy an original suite.
The exterior is brick, which is part of why the building has aged better than many glass towers of its era. It is not a design statement, but it is a solid, conventional tower.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The pool, the track and the H&R package
The amenity list is the other reason buyers end up here. Listing descriptions describe an indoor pool, hot tub, sauna, a fitness centre and a covered running track, along with 24-hour concierge and security. A running track is very rare in a downtown condominium, and in winter it is a genuine daily-life feature.
H&R Developments built several downtown towers in the late 1990s, including The Metropole at 7 King Street East, and they share a pattern: bigger suites, generous fee inclusions, and a full recreation floor. If you like this building, it is worth comparing with its siblings.
A pool and running track are not cheap to keep. They are part of why the fee is what it is, and they will need capital work as the building ages.
Living at Bay and College
The Penrose sits on a block that is effectively the front door to the city’s hospital and university district. The University Avenue hospitals, the University of Toronto, Toronto Metropolitan University and the College Park shops are all within an ordinary walk. That makes the building popular with medical residents, graduate students and staff who want to walk to work.
Bay Street here is busy but not nightlife-busy. The real noise is traffic and the occasional ambulance heading for hospital row, so ask which way a suite faces and visit at the hours you would actually be home.
The Penrose shares its block with Lumiere at 770 Bay, a newer Menkes tower. The architect for Lumiere describes it as the last piece of a site planned for three residential buildings, so the Penrose has been part of this cluster from the start. Transit, schools and Walk Score details are in the data panel on this page.
What The Penrose costs
Condos.ca puts the building average at about $751 per square foot. That is well below Lumiere next door at roughly $924, and the difference is mostly about age: a 1999 suite with original finishes is a different product from a 2011 one.
Four suites were for sale when I checked, asking from about $448,800 up to about $849,000. Monthly fees on those listings ran from roughly $986 to $1,424, which sounds steep until you remember hydro, heat, cooling and parking are inside that number.
The right way to compare is total monthly cost: fee, plus hydro, plus parking, plus your share of heating and cooling. On that basis The Penrose often lands much closer to newer towers than its headline fee suggests, with more space per dollar.
Supply here is steady rather than deep. With four suites for sale and three for lease in a 220-suite building, there is usually something to compare, but the right plan on the right floor may take a few weeks to appear. A one-bedroom of 700 sq ft or more appeals to end users and investors alike, so expect competition when one is priced right. If you want comparables for a specific suite, I can pull them through my building sold report.
Building specifications
| Building name | The Penrose |
| Address | 750 Bay St, Toronto M5G 1N6 |
| Developer | H&R Developments |
| Storeys | 30 |
| Total suites | 220 |
| Condo corporation | MTCC-1284 |
| Registered | 9 December 1999 |
| Property management | Andrejs Management (per condos.ca) |
| Suite sizes | Approximately 497 to 1,177 sq ft |
| Maintenance fees | Roughly $1.34 per sq ft across current listings |
| Fees include | Common elements, heat, hydro, air conditioning, building insurance, parking and water |
| Exterior | Brick |
Amenities at The Penrose
This is a full recreation package of the kind newer towers often skip: a pool, hot tub, sauna and an indoor running track, with a concierge at the door. If you would use the pool and track, they replace a gym membership; if you would not, you are still paying for them in the fee.
Jatin’s honest take on The Penrose
Who this building suits
Buyers who want space and predictable monthly costs, especially people who work at the hospitals or universities nearby. It also suits swimmers and runners, and parents buying for a student who do not want to manage separate utility accounts.
What I’d want you to check
This is a 1999 building, so read the reserve fund study for the pool, the mechanical systems, windows and balcony doors, elevators and the garage. Ask how the all-inclusive fee has moved over the last few years and whether utility costs are pushing it up. Confirm whether the suite you want has its own parking and locker, and check the status certificate for any planned work.
The value question
At around $751 per square foot, you get more suite for your money than at most towers on Bay Street, with utilities and parking bundled in. You give up modern finishes and accept an older building’s capital needs. For an owner-occupier who will stay several years and renovate to taste, I think it is one of the more sensible buys on this stretch of Bay, provided the reserve fund is healthy.
Free building report: The Penrose
Send me your email and I’ll put together a current report on The Penrose — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The Penrose — frequently asked questions
Who built The Penrose?
H&R Developments developed and built it, completing it in 1999.
How many storeys and suites does The Penrose have?
Condos.ca lists 30 storeys and 220 suites.
What do the maintenance fees include at The Penrose?
Condos.ca lists common elements, heat, hydro, air conditioning, building insurance, parking and water. Hydro being included is unusual for a downtown tower.
Why are fees at The Penrose higher per square foot than newer buildings?
Because they include hydro, heat, cooling and parking, which owners in most newer towers pay separately. Compare total monthly cost, not the fee alone.
Does The Penrose have a pool?
Yes. Listing descriptions describe an indoor pool, hot tub and sauna.
Is there a running track at The Penrose?
Listings describe a covered running track, which is rare in a downtown condominium.
How big are the suites at The Penrose?
Roughly 497 to 1,177 sq ft, with some one-bedroom plans reaching the 700 sq ft range.
What is the condo corporation number for The Penrose?
It is MTCC-1284, registered on 9 December 1999.
Who manages The Penrose?
Condos.ca lists Andrejs Management.
How does The Penrose compare with Lumiere next door?
Lumiere is a newer 2011 Menkes tower at a higher price per square foot with a lower fee, but hydro and parking are not listed in its fee. The Penrose is older, with larger suites and an all-inclusive fee.
How much do condos at The Penrose sell for?
Over the last 12 months the median resale at The Penrose was $728,000, across 7 sales. The typical unit sold in 45 days at about 96% of the asking price. That works out to roughly $757 per square foot.
How much is rent at The Penrose?
The median lease at The Penrose over the last 12 months was $3,100/mo, from 27 leases. Units typically leased in 7 days.
What does each unit type cost at The Penrose?
Over the last 24 months: One-bedrooms sold for a median $417,000 and rented for $2,600/mo; Two-bedrooms sold for a median $756,500 and rented for $3,450/mo. Each median uses three or more deals.
Are prices at The Penrose up or down since 2022?
Down about 24%. The median sold price per square foot was $1,001 in 2022 and $757 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does The Penrose offer an investor?
At a median price of $728,000 and a median rent of $3,100 a month, the gross yield is about 5.1%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at The Penrose?
Mostly renters. Of the deals here in the last 24 months, 81% were leases and 19% were sales.
Can you Airbnb a unit at The Penrose?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has The Penrose had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is The Penrose zoned for?
For TDSB public schools, the address is zoned for Orde Street Public School (Elementary, JK–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to The Penrose?
The nearest subway is College station (Line 1 Yonge–University), 0.3 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.7 km; UP Express runs from Union station, 1.7 km; the 506 Carlton streetcar stops 0.1 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of The Penrose?
Walk Score 98, Transit Score 100 and Bike Score 90. Most daily errands can be done on foot.
What restaurants and shops are near The Penrose?
Within about a 10-minute walk: Neo Coffee Bar (Coffee), Pizzaiolo (Pizza), Pronto To Go Cafe (Restaurant), Subway (Sandwiches), The Hand Roll Sushi Bar (Sushi). The closest grocery store is Farm Boy, 0.1 km away.
Which parks are near The Penrose?
College Park, Joseph Sheard Parkette, Opera Place are the closest green spaces.
What is my unit at The Penrose worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at The Penrose lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at St. Lawrence, the Financial District and Downtown Yonge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including St. Lawrence, the Financial District and Downtown Yonge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at The Penrose, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More St. Lawrence, the Financial District and Downtown Yonge building guides: One King West Hotel & Residence · 1 Thousand Bay Condos · 1001 Bay · 101 McGill Street Townhouses · 1132 Bay Street Condos · 1166 Bay Street Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.