Toronto mansion with unbelievable indoor pool drops asking price by $2 million

It's no secret that Toronto's real estate market has been in a bit of a slump.

Homes are selling at a loss, properties are sitting for months (sometimes years), and asking prices are getting shaved down in hopes of finally luring a buyer. And yes, even the notoriously untouchable Bridle Path is feeling it.

One mansion recently popped up under power of sale, and the estate at 38 Park Lane Circle is now back on the market — for the third time.

The circular driveway at the front of the mansion. 

We first covered this property in 2023, and since then, it's been doing the classic luxury-listing shuffle: on the market, off the market, back on again. Now it's returned with a new asking price of $21,888,000, down from $23,888,000.

The kitchen. 

That's a $2-million price cut, which sounds dramatic until you remember this is Bridle Path math, where eight-figure numbers get tossed around like loose change.

The indoor pool. 

Because here's the thing: that "drop" is only about eight per cent.

There are 23 parking spaces. 

In normal-people real estate, that would be a big deal. In ultra-luxury land, it's more like knocking a few bucks off a bottle of wine and calling it a special. A gesture. A polite little nudge.

The living room. 

At this level, the real story often isn't the price — it's the time.

The family room. 

While homes in the Bridle Path already tend to linger longer than your average Toronto listing, this one's multi-year on-and-off market run is a reminder that even trophy estates aren't immune to buyer hesitation.

A sunken lounge area overlooking the garden. 

Then again, this isn't your standard Bridle Path McMansion.

Views over the estate. 

The home at 38 Park Lane Circle sits on a rare 2.42-acre corner lot, wrapped in unobstructed ravine views.

The grounds. 

The grounds feature a huge southwest-facing tableland, manicured gardens, and the kind of secluded oasis vibe that makes it feel more like a private countryside retreat than midtown Toronto.

The dramatic staircase. 

Inside, subtlety is absolutely not on the menu.

The foyer. 

You're greeted by a cathedral marble foyer, because nothing says "cozy family home" like stone that looks like it belongs in a European civic building.

The dining room. 

The principal rooms are expansive and open, designed for entertaining on an epic scale.

The primary ensuite. 

The house includes 13 bedrooms and 10 bathrooms, with bedrooms outfitted with their own ensuites, and a primary suite that functions as its own private universe.

The primary bedroom. 

The enormous primary bedroom comes with a sitting area, dressing room, and sits in a separate wing connected to one of the home's biggest flexes: the indoor pool complex.

The pool. 

The pool lives under a soaring natural wood pavilion and comes complete with spa vibes, a kitchenette, and a sauna.

The living room. 

There's also a two-bedroom coach house for guests or staff, plus a whopping 23 parking spaces.

So no, it's not shocking this mega-estate is taking its time finding a buyer.

An aerial view of the property. 

But if your budget happens to hover around the $20-million mark and you've been waiting for a slightly more "approachable" way into Toronto's most over-the-top enclave, congratulations — your marble-foyer era may have just become eight per cent more attainable.