Retro Toronto house expected to go for $48M and mega-mansion could be next
When a Toronto house hits the market with a $48 million price tag, you expect Drake-level extravagance.
A mansion with an indoor basketball court. A two-storey closet bigger than most condos. Maybe a garage full of supercars.
Instead, 14 Park Lane Circle is surprisingly understated for a property asking nearly $50 million.
The marble atrium.
The sprawling 20th-century bungalow features vaulted ceilings, floor-to-ceiling windows, multiple walkouts, and a dramatic marble atrium foyer.
A bedroom with a walkout.
There are six bedrooms, eight bathrooms, and resort-style grounds complete with a pool, waterfall, stone terraces, and winding garden paths.
The basement with a double-sided fireplace.
Nice? Absolutely.Forty-eight-million-dollars nice? Not even remotely.
The foyer.
But the listing itself more or less admits that the house isn't really the point.
The yard.
Because what buyers are actually paying for is the land.
The covered-up pool.
And there is a lot of it.
An aerial view of the property.
The property sits on more than six acres of ravine land in the Bridle Path, one of Canada's most exclusive neighbourhoods and home to some of the country's wealthiest residents.
A second kitchen.
The listing describes it as a rare "build-your-own" opportunity among legacy estates, emphasizing the scale, privacy, and potential of the site. Translation: Somebody is expected to buy this place and build something even bigger.
A bedroom.
The property's recent history makes the asking price even more fascinating.
The main kitchen.
Back in 2020, the site sold for $11,821,000. At the time, it was marketed as a prestigious four-acre ravine lot where buyers could build their dream estate among the neighbourhood's sprawling mansions.
A bathroom.
The only catch was that the existing owner would remain as a tenant for a year before handing over vacant possession.
A bedroom.
Fast forward six years, and the property is back on the market for more than four times the price.
A view of the backyard.
It also appears to have gained another two acres somewhere along the way. Where did those extra two acres come from? Your guess is as good as ours.
A home office with a fireplace.
To be fair, six acres in the Bridle Path is the sort of thing that almost never comes up for sale.
The primary bedroom walk-in closet.
In a city where developers routinely battle over parcels barely large enough for a semi-detached house, owning enough land to require a map has become a luxury in itself.
And that's really what this listing is selling.
The foyer.
Not the marble atrium.
The main kitchen.
Not the vaulted ceilings. Not even the pool.
The primary ensuite.
It's selling the opportunity to build whatever your imagination — and seemingly unlimited bank account — can dream up.
The living room.
For most Torontonians, spending $48 million on a property that may ultimately be demolished sounds completely absurd.
An aerial view of the property.
But then again, if you're shopping for six-acre estates in the Bridle Path, you're probably not losing much sleep over the price tag.
