There are penthouses with terraces. And then there is this. PH03 at 77 Lombard delivers what the downtown market rarely produces: an approx. 800 sq ft private corner terrace with sweeping 180 southwest views over St. James Park and the Toronto skyline. Framed by two custom pergolas-one for dining, one for lounging beneath a louvred adjustable roof-this outdoor space is equipped with water and electricity, with BBQs permitted. Morning coffee over the park, evenings watching the city lights come alive: this is not a balcony, it is an extension of the home and a destination in its own right. Taken to bare concrete in 2015 and reimagined with over $250,000 in custom upgrades. The open concept main floor features 8' ceilings, porcelain tile, and a chef's kitchen centred on a Caesarstone island with integrated Miele appliances-fridge, freezer, cooktop, convection microwave, hood vent-plus a Bosch dishwasher and built-in wine fridge. A metal spiral staircase leads to a loft-inspired upper level with soaring 9'11" ceilings and floor-to ceiling windows. Both levels connect directly to private outdoor space. The primary suite offers south-facing floor-to-ceiling windows, balcony access, and a beautifully appointed ensuite. A versatile second bedroom, currently a custom dressing room, adapts easily to changing needs. Maintenance fees are all-inclusive-electricity, water, heating, A/C. Zero special assessments, strong reserve fund, and newly renovated lobby, corridors, and party room. Includes one parking space and two storage lockers. Steps to the Financial District, St. Lawrence Market, the Distillery District, Eaton Centre, Union Station, and the Island Ferry, with Scotiabank Arena, Rogers Centre, and major theatres nearby. Furnishings available separately-a rare turnkey opportunity. For those who understand the difference between outdoor space and outdoor living, this is the one.

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