If you are looking for a house in Toronto, be prepared to pay a nice sum for a property. Possessing the most expensive real estate in Canada, Toronto’s property market has experienced a strong rise over the last few years. While this increase in prices has slowed somewhat over recent months, there are still many properties on the market that will set you back a large fortune.
There is always something extra in luxury homes that put them in a category of their own. This is why they are so expensive. When it comes to high-end living, the Greater Toronto area definitely has a lot to offer. A buyer should be prepared to shell out millions or even billions for these premium features, be it a spacious guest quarter, a pool house or a rec room.
Tips for Choosing a Luxury Home
Buying a house, whether expensive or not, is a long term investment. You should keep in mind several considerations if you do not want to waste your money in a home you are not entirely satisfied with. Luxury houses in Toronto can cost you around $12 million to $35 million CAD. It is always best to work with a realtor who will guide you in the entire process of purchasing the home of your dreams.
Depending on the location, expensive houses may have two or more garages, an outdoor pool, a wine cellar, a home theatre room, and extra bathrooms. Others also boast of the latest features, such as smart home technology, efficient heating, and cooling system and more. Before sealing the deal, have a home inspector go over the entire house. This will let you know which parts are in need of repairs and what other issues you may face.
The 12 Most Expensive Homes in Toronto
In the whole of Canada, real estate in Toronto is one of the most expensive. The houses that cost the most money in the city are generally located in the areas between Rosedale to St. Clair subway stations. This is a prestigious part of town that all locals know about. There are also several expensive homes on the Bridle Path.
The following list takes a look at the most expensive properties in Toronto. If you’re in the market for a new home and have a massive budget, these houses are for you! If your dream home is no longer on the market, learn more about Toronto’s many great architectural firms that can design a new one for you.
1. 206-210 Sandringham Drive
Photo: Paul & Christian Associates
This property consists of a residence and an estate, with the residence alone boasting a value of $7.6 million CAD. The entire property will set you back a decent $12.4 million CAD when purchased together, making it one of the most expensive homes in Toronto, Canada. One of the highlights of the estate is the tennis court so you know you are getting value for your money. The property is situated a close distance to Earl Bales Park, which is another drawcard.
2. 6 The Bridle Path
Photo: Barry Cohen Homes
Setting buyers back $14.98 million CAD, this property has a range of perks that will appeal to people looking for a luxury home. Consisting of seven bedrooms and ten bathrooms, there is plenty of space for the entire family and all your friends. One of the most expensive properties in Toronto, this house also has an outdoor pool and entertaining areas so you and your guests will never be bored. It also features a home theatre, a rec room and a wine cellar, complete with tasting room.
3. 20 High Point Road
One of the most expensive homes in Toronto, this property will appeal to active individuals and fitness lovers. It has a tennis court and a sauna, if you want to relax after a particularly competitive game. The property is also perfect for entertaining, with a dance floor and a party and games room. Imagine having all of these features without needing to leave your own home! The house has six bedrooms and ten bathrooms, but you will need a spare $15 million lying around if you’re thinking of buying it.
4. 91 Old Colony Road
This expensive property is situated in the high-end residential area by Bayview and York Mills. Well-known architect Katherine Newman designed and built the two-storey home that features a grand entrance salon, a home theatre and indoor pool/spa area. Other refinements include a mahogany library with spiral staircase and two wine cellars. There are five bedrooms and 11 bathrooms. With over 20,335 square feet of luxury living space, the property is worth $15.8 million CAD.
5. 2229 Dunvegan Road
A house that boasts elegance and luxury, this 22,000 square-foot Georgian residence sits in the Forest Hill area, southern part. The property contains five bedrooms and ten bathrooms, with two terraces for residents to enjoy and a total of five fireplaces. There is an enormous gym inside which you can turn into a full-sized basketball court or a regal place for your car collection. The home theatre is sure to be an attractive feature and at $16 million CAD, the property is one of the most expensive in Toronto.
6. 46 Forest Hill Road
Life is all about balance and this house represents that. You will adore its home gym, great for when you exercise to keep your body healthy and fit. There is also a wine room where you relax after working off the calories or just after a hard day’s work. The house has seven bedrooms and ten bathrooms, so it will not be a problem if you have guests coming. The games room is perfect for children and children-at heart. One of the most expensive homes in Toronto, this house will set you back $16.8 million CAD.
7. 61 The Bridle Path
A sprawling bungalow with floor to ceiling windows, this old abode was formerly owned by the music icon, Prince. With 14,280 square feet of living space, it houses six bedrooms and ten bathrooms, including a spa and a beauty salon. Its Great Room and reception area can accommodate 200 guests at a time. Other lavish features include a Downsview kitchen, a cabana, a swimming pool, landscaped garden and a tennis court. This house sells for a whopping $16.9 million CAD.
8. 30 Rosedale Road
Built in the 1920s, this Georgian Revival mansion costs around $18 million CAD. The recent restoration made it into a modern home, but still maintaining some of its original charm and craftsmanship. There are a total of eight bedrooms in the 16,360 square-foot house. Other features include a wine cellar that can accommodate around 5,000 bottles and an infinity pool adjacent to a fitness room. Elegant and one of a kind, this property is one of the most beautiful in South Rosedale.
9. 10 Highland Avenue
This stunning property will impress even the fussiest of buyers. With an inground pool and guest suite complete with its own kitchen, the house screams indulgence. There will be plenty of space to host parties and gatherings. This is one of the most expensive houses in Toronto, Canada, costing around $22 million CAD. The property has six bedrooms and 11 bathrooms, perfect to house your big family. Other features include a library, a billiard room, a wine cellar and a 10-car underground garage.
10. 85 The Bridle Path
Situated on five acres of landscaped property, this Toronto home exudes Gatsby-esque vibes. The house is over 20,000 square feet and has been strongly influenced by French provincial architecture. There are nine bedrooms, a cozy terrace and a stone spiral staircase reminiscent of the Middle ages. The wine cellar can house more than 2,000 bottles of wine. In the attic, you will find a miniature ball hockey rink. One of the popular properties in Bridle Path, it is expected to go for $22.99 million CAD.
11. 71 The Bridle Path
This expensive mansion looks like something out of a fairytale. Made up of 35,000 square feet of luxury, it features a two-story grand salon and a massive twin staircase made from hand-forged wrought iron. The stunning stained glass dome at the top is picture-perfect. The property has nine rooms, a luxurious indoor pool, a wine cellar and a library. The kitchen is top of the line. It also has a whole tennis court. The cost of this extravagance – $35.9 million CAD.
12. 50 Yorkville Avenue
This house isn’t even a house – it’s a penthouse apartment, and it still tops the list for most expensive properties in Toronto. This luxurious and spacious apartment boasts a library, home theatre, and wine cellar, making it perfect for individuals seeking a low-maintenance property with all of the perks of an extravagant house. There are floor-to-ceiling panoramic windows that bath the house with natural light. Features like this do not come cheap, with the house priced at a whopping $36 million CAD.
If you’re in the market for a luxury property, Toronto will not disappoint!
At Comfy Home Corner we are dedicated in providing the best tips and product reviews to assist you with creating a better environment for your home.