The Penrose Residences – 750 Bay St, Toronto

The Penrose Residences is a downtown Toronto classic — a well-managed, full-service condominium that delivers comfort, convenience, and lasting value in the heart of the Bay Street Corridor. Completed in 1999 by H&R Developments, this 30-storey tower contains 220 suites and stands proudly at the corner of Bay and Gerrard Streets, directly across from the College Park complex. Its central location places residents within walking distance of the University of Toronto, the Financial District, and Toronto’s world-class hospital network, making it an enduring favourite for professionals and academics alike.

Quick Facts

Address: 750 Bay St, Toronto (C01 – Bay Street Corridor)
Year Built: 1999
Storeys / Units: 30 / 220
Developer: H&R Developments
Neighbourhood: Bay Street Corridor

Building Profile – The Penrose Residences

• 30-storey residence by H&R Developments featuring spacious, efficient suite designs
• Open-concept interiors with bright exposures and private balconies in most units
• Known for its strong building management, low turnover, and reliable long-term value
• A comprehensive amenity offering that encourages a balanced, downtown lifestyle

Location & Lifestyle – The Penrose Residences

• Steps to Toronto Metropolitan University, the University of Toronto, and major hospitals along University Avenue
• Minutes to Queen’s Park, College subway station, and the Eaton Centre
• Surrounded by shops, grocery stores, and dining options in every direction
• Combines a professional, connected address with the comfort of a residential retreat

Why Buyers Love The Penrose Residences

Buyers are drawn to The Penrose for its unbeatable location, strong fundamentals, and complete amenity package. Its combination of spacious layouts, proven management, and excellent walkability makes it a consistent top performer among Bay Street condominiums.

Amenities – The Penrose Residences

Concierge • Gym • Indoor Pool • Party Room • Running Track • Sauna • Whirlpool

Hidden Gems – The Penrose Residences

• Indoor running track and large lap pool, both rarely found in newer downtown towers
• Oversized one- and two-bedroom layouts offering excellent livability
• Well-established ownership community and proactive building management
• Exceptionally convenient for medical professionals, university staff, and investors seeking steady rental demand

Insider Take – The Penrose Residences

The Penrose delivers a timeless combination of livability, reliability, and centrality. Every element — from its smart layouts to its walk-everywhere location — speaks to long-term value. The building’s solid construction and balanced amenity mix make it a smart choice for end-users who appreciate comfort and investors looking for enduring appeal. It’s a genuine downtown mainstay that continues to outperform in both lifestyle and investment terms.

Why the Neighbourhood is Great – Bay Street Corridor

• Steps to universities, hospitals, and Toronto’s business core
• Surrounded by restaurants, cafés, and cultural destinations
• Minutes to public transit and downtown shopping
• A vibrant yet refined neighbourhood defined by accessibility and energy

Your Expert Partner for 750 Bay St

As a trusted Bay Street real estate specialist, Trevor Fontaine & Associates offers unparalleled insight into The Penrose Residences and the surrounding downtown market. We understand the suite layouts, amenity structure, and ownership profile that make 750 Bay St a proven choice for both homeowners and investors. Our experience across Toronto’s core ensures you receive expert advice on value, positioning, and timing.

Whether you are buying or selling, leverage our expertise and personalized approach:
• Search & Save: Use this page to browse all current listings at 750 Bay St and save your search for instant “new-to-market” alerts.
• Book a Showing: Contact us directly to arrange a private tour of available suites.
• Sell with an Expert: If you’re considering selling, request a confidential valuation. We know how to highlight The Penrose’s strengths to maximize market interest.

Connect with our Sotheby’s International Realty Canada team today to begin your next move.