550 WEBB Drive Unit# 2603
Cornerstone · L5B3Y4
$832,000
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
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 15'0'' x 13'0'' |
| Bedroom | Main level | 16'1'' x 11'2'' |
| Dining room | Main level | 9'9'' x 11'1'' |
| Sitting room | Main level | 5'10'' x 8'6'' |
| Living room | Main level | 18'4'' x 18'9'' |
| Kitchen | Main level | 13'5'' 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
Estimated monthly payment
$3,891/mo
Loan amount
$665,600
Down payment
$166,400
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
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