Award-winning Toronto home finally sells after two years at $4 million loss
Back in 2024, a lavish mansion that looked more like a five-star hotel than a family home hit the Toronto market with a $14.5 million price tag.
More than two years and six listing attempts later, it has finally found a buyer — but not at the price its sellers were hoping for.
The home at 106 Glenayr Rd. has officially sold for $10.5 million, nearly $4 million below its original asking price.
The foyer.
The property first hit the market in April 2024 for $14.5 million, a price it maintained through four separate listings over the following year.
An ensuite bathroom.
We even wrote about the home in November 2024 after it had spent more than eight months without finding a buyer.
The family room.
By its fifth and sixth listing, the asking price had finally been reduced to $12.8 million, but even that wasn't enough to attract a buyer right away.
The open-concept family room and kitchen.
When the sale finally closed this month, it fetched $10.5 million — $2.3 million below its final asking price, or roughly 18 per cent under list, and $4 million less than where it started.
The primary bedroom.
The discount is quite surprising considering the home's pedigree.
The living room.
Designed by acclaimed designer Omid Taba of OE Design, the residence won the 2025 Best Luxury Residential Interior Design Ontario award and helped earn the firm a spot in the Luxury Lifestyle Awards Top 100 Interior Designers of the World.
Another sitting room.
Set on what the listing calls Forest Hill's coveted "Billionaire's Row," the home was marketed as a fully turnkey luxury experience, comparing it to moving into a Four Seasons Presidential Suite.
The view from the front entrance.
And it's not hard to see why.
A wet bar in the basement.
The stone-clad residence offers approximately 8,750 square feet of living space spread across three levels, all connected by a private elevator.
The primary bedroom with a mirrored accent wall.
Inside, the interiors are unapologetically dramatic.
The primary ensuite.
An emerald colour palette is paired with warm brass accents, white oak flooring and striking marble surfaces throughout the home, while trimless detailing and textured finishes give every room a polished, magazine-worthy feel.
The kitchen.
The main floor is anchored by an enormous kitchen complete with two waterfall islands, integrated high-end appliances and a generous walk-in pantry.
The dining room.
Elsewhere, the home features six ensuite bedrooms, multiple family lounges, a grand office, nine skylights and walls of glass that flood the interiors with natural light.
The home theatre.
Downstairs, the lower level is more luxury resort than basement.
The backyard.
Amenities include a private club lounge, home theatre, gym, illuminated marble cocktail bar, temperature-controlled wine cellar and a walkout to the backyard complete with a heated Betz swimming pool and built-in barbecue.
A sitting room.
The home also comes equipped with Control4 home automation, radiant heated floors, zoned heating and cooling, smart lighting and security systems, as well as a heated snow-melt driveway leading to a three-car garage.
A home office.
While a $10.5 million sale price is still firmly in Toronto's ultra-luxury territory, the transaction is another reminder that even award-winning homes in the city's most prestigious neighbourhoods aren't immune to today's slower market.
The backyard.
In 2021 or early 2022, a home like this might have sparked a bidding war among Toronto's wealthiest buyers. In 2026, even a trophy property with international design accolades had to wait more than two years — and shave nearly $4 million off its original asking price — before finally finding its buyer.
