Residentiae.
For Sale · Cornerstone

550 WEBB Drive Unit# 2603

Cornerstone · L5B3Y4

$832,000

2Bedrooms
2Bathrooms
2Parking
1,280Sq Ft
1Storeys

About this residence

Set majestically high on the 26th floor of the Phoenix Condos, this rarely offered corner suite offers 1,280 sq. ft. of elegant living space with panoramic, unobstructed city and lake views. Featuring southeast facing exposure with a private balcony, this fully renovated residence combines style and functionality in a prime location just minutes from Square One, GO Transit, major highways, shopping, schools, and parks. Beautifully appointed interior upgrades include walnut-stained engineered hardwood floors, extra-deep baseboards, smooth ceilings and pot lights (2024). The modern kitchen is equipped with high-end Fisher & Paykel, Bosch, Sharp and Asko appliances, custom cabinetry, quartz counters, and a hidden stackable washer/dryer. The inviting open-concept layout separates two spacious bedrooms for maximum privacy, each offering walk-in or built-in California Closets. Two fully renovated bathrooms (2021) feature premium fixtures and spa-inspired finishes. Additional highlights include a full mirrored entry wall (2021), custom window coverings (2024), gallery-style hallway, two furnaces (with new fan coil insulation 2024), and two owned parking spaces. Residents enjoy resort-style amenities including a 24-hour concierge, indoor whirlpool, sauna, fitness centre, tennis court, squash court, party room, library, and landscaped outdoor spaces. (id:61366)

Property details

Property type
Single Family
Style
Apartment
Ownership
Condo/Strata
Bedrooms
2 (2 above)
Bathrooms
2
Storeys
1
Living area
1,280 sq ft
Parking
2 spaces
Year built
1989
Annual tax
$3,298
MLS®
40783859
Board
Cornerstone
Status
Inactive
Listed
Nov 1, 2025
Updated
Nov 29, 2025

Room dimensions

RoomLevelDimensions
3pc BathroomMain level
4pc BathroomMain level
BedroomMain level15'0'' x 13'0''
BedroomMain level16'1'' x 11'2''
Dining roomMain level9'9'' x 11'1''
Sitting roomMain level5'10'' x 8'6''
Living roomMain level18'4'' x 18'9''
KitchenMain level13'5'' x 8'3''

Features & finishes

Heating

  • Forced air
  • Natural gas

Cooling

  • Central air conditioning

Exterior

  • Concrete

Parking

  • Underground
  • Visitor Parking
  • Covered

Lot

  • Southern exposure
  • Balcony
  • No Pet Home

Sewer & Utilities

  • Municipal sewage system
  • Cable
  • Electricity
  • Natural Gas
  • Telephone

Views

  • City view

Pool

  • Pool

Financing

Mortgage calculator

Estimated monthly payment

$3,891/mo

Amortization

Loan amount

$665,600

Down payment

$166,400

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Cornerstone

About the area

Census · L5B
67,131
Population
37
Median age
$79,000
Median income
$645,000
Median home value
55%
Home ownership
32 min
Avg. commute

Age distribution

0–14
15%
15–24
11%
25–44
35%
45–64
23%
65+
16%

Tenure

55% owners45% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 550 WEBB Drive Unit# 2603?

550 WEBB Drive Unit# 2603 is listed for $832,000, in Cornerstone.

How many bedrooms and bathrooms does 550 WEBB Drive Unit# 2603 have?

It offers 2 bedrooms and 2 bathrooms.

What type of home is 550 WEBB Drive Unit# 2603?

550 WEBB Drive Unit# 2603 is a Single Family, Apartment set over 1 storey, built in 1989.

How large is 550 WEBB Drive Unit# 2603?

The home offers approximately 1,280 sq ft of living space.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,891. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $3,298 per year.

Is there parking?

Yes — 550 WEBB Drive Unit# 2603 includes 2 parking spaces.

What is the Cornerstone area like?

Cornerstone has a population of about 67,131, a median age of 37, a 55% home-ownership rate, with an average commute of about 32 minutes.

What is the average home value in Cornerstone?

The median dwelling value in this area is approximately $645,000, based on census data via Neighbourly.

What is the median household income in Cornerstone?

The median household income in this area is approximately $79,000.

Private viewings

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