15 Old Colony Road Toronto

This five-bedroom Toronto mansion is for sale at just $1 but there's a catch

A sprawling mansion in Toronto's prestigious St. Andrews-Windfields neighbourhood seems like it could currently be the cheapest home for sale in the city.

Located at 15 Old Colony Road, the home is listed for just $1.

The sales tactic is often used to incite a bidding war - the last time the home was up for sale, in August of 2021, it was also priced as such, although no buyer materialized.

The latest listing notes that the existing home could be torn down to make way for 10 luxury townhouses, or one single, more modern home. Preliminary architectural drawings by Richard Wengle are available.

15 Old Colony Road TorontoThe current cottage-like abode is situated on a deep, private lot behind a row of trees.

15 Old Colony Road TorontoHardwood floors and crown mouldings can be found throughout the stately home.

15 Old Colony Road TorontoSituated off the grand foyer, the living room features a marble fireplace and large windows that overlook the front gardens.

15 Old Colony Road TorontoWith stunning wainscotting and built-in bookshelves, the light-filled library could function as a home office.

15 Old Colony Road TorontoThe kitchen features stainless steel appliances, marble countertops, and a centre island.

15 Old Colony Road TorontoThere's a breakfast area that walks out to the private, cottage-like backyard.

15 Old Colony Road TorontoHardwood floors and a large window are featured in the formal dining room.
15 Old Colony Road TorontoThe oversized family room features a stone fireplace and built-in bookshelves. A set of sliding doors lead to the spacious pool room.15 Old Colony Road TorontoBeneath barn-like ceilings, the indoor pool is accompanied by a sauna, change room, and wet bar with a barbeque.15 Old Colony Road TorontoThe space is encircled in glass and looks out onto the backyard.

15 Old Colony Road TorontoThere are four-plus-one bedrooms and six bathrooms throughout the home.

15 Old Colony Road TorontoThe elegant master bedroom features a six-piece marble ensuite and a walk-in closet.

15 Old Colony Road TorontoA rec room with a massive stone fireplace can be found in the basement.

15 Old Colony Road TorontoDespite the miniscule price tag accompanying the home, the average value of a four-bedroom property in the area is over $6,565,000, meaning that 15 Old Colony Road will likely sell far over asking.

15 Old Colony Road Toronto

Check out the full listing here.

Photos by

Forest Hill Real Estate


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Real Estate

Toronto apartment sold at significant loss shows just how turbulent market is

City of Toronto aims to expropriate block of storefronts for transit project

Ontario landlord slammed for renting out dingy shack with no door for $1,350 a month

Mississauga condo sold at massive loss shows just how much prices fluctuate

Massive skyscraper just approved for Toronto will be one of the city's tallest

You could live in this 19th-century Ontario schoolhouse for $3M

Here are the best places where you can still buy a house for under $1 million in the GTA

Canadian tenants share the wildest things landlords have told them