Average home prices in Toronto have slipped below $1 million in January 2026, dragged down by a slow condo market. However, with an average detached home price of $1.2 million, buying in this city is still undeniably a luxury. Regardless, a group of people enjoy the spectacular opulence of the most expensive houses in Toronto. Lavish mansions, vast yard and garden areas, and posh pieces decorate these properties located on the most exclusive addresses in Toronto.
Without a doubt, owning any one of these luxury homes means having almost bottomless pockets. If you want to find out how deep your wallet needs to be and how high the most expensive properties in Toronto can go, keep reading below.
Key Takeaways
- The most expensive house in Toronto is a French Revival mansion at 15 High Point Road, for sale in Toronto’s Bridle Path neighbourhood
- Expensive homes in Toronto often feature opulent amenities such as chef-inspired kitchens, home theatres, and extensive outdoor spaces
- Many of the city’s luxury homes can be found in Bridle Path-Sunnybrook-York Mills, Casa Loma, and Rosedale-Moore Park
- Proposed municipal land transfer tax hike on luxury properties for homes priced $3 million and above, starting April 1st, 2026, may spark an early spring influx of luxury homes for sale in Toronto
French Revival Estate in Bridle Path – 15 High Point Road
Asking Price: $49,950,000
- Size: 5,000+ square feet
- Bedrooms: 5+2
- Bathrooms: 11
- Property tax: $110,798 per year
- 15 High Point Road listing details
This nearly $50-million mansion is not only the most expensive house for sale in Toronto, but it is also one of the world’s most distinguished and celebrated residences. Designed for functionality as well as community engagement, you will no doubt enjoy hosting elegant affairs in your formal entertaining spaces and relaxing in your luxurious bathroom at the end of the day.
Among the many rooms and amenities, you’ll find an indoor pool, a panelled library, tastefully decorated bedrooms, and an elevator to take you between the two storeys.
Outside, this stunning estate is situated on two acres of meticulously landscaped grounds, which boasts an outdoor pool. In addition, you’ll be within 20 minutes of both downtown Toronto and Pearson International Airport.
Limestone Mansion in Bridle Path – 8 High Point Road
Asking Price: $32,570,000
- Size: 5,000+ square feet
- Bedrooms: 7+2
- Bathrooms: 16
- Property tax: $118,535 per year
- 8 High Point Road listing details
It should be no surprise that many of the most expensive homes in Toronto are in the revered Bridle Path neighbourhood. You’ll fall in love on your first visit to this stunning, iconic estate. The limestone facade and illuminated fountain greet you as you walk into the grand entryway, which features a double staircase. The wide-open spaces and large windows make this property feel bright and modern, while the intricate ceilings, stunning lighting, and chic wallpaper evoke a sense of grandeur.
Lastly, with amenities such as a resort-style indoor pool, fitness room, steam room, private tennis and basketball courts, home theatre, and wine cellar, you’ll never want to leave home.
Private Chateau in Forest Hill South – 221 Forest Hill Road
Asking Price: $22,995,000
- Size: 13,000 square feet
- Bedrooms: 6+1
- Bathrooms: 9
- Property tax: $67,325 per year
- 221 Forest Hill Road listing details
This stunning family home in the Forest Hill South neighbourhood brings your French chateau dream to life. With interior details such as chevron-patterned white oak floors, imported wallpaper, Portuguese tiles, and vaulted ceilings, it’s no wonder this is one of the most expensive houses in Toronto.
The dining room seats 20 of your friends and family members, who will also love spending days by the pool, on the tennis court, or taking in a movie in your home theatre. Other luxurious amenities include a couture-inspired two-level dressing room with a spiral staircase, a spa-like ensuite bathroom, a large games room, and a private gym.
Large and Private Gated Estate in Bridle Path – 45 Park Lane Circle
Asking Price: $22,800,000
- Size: 14,200 square feet
- Bedrooms: 5+1
- Bathrooms: 9
- Property tax: $77,565 per year
- 45 Park Lane Circle listing details
This recently remodelled home is located in Bridle Path, the “who’s who” neighbourhood of Canada. The large three-acre lot is nestled among trees and therefore feels secluded, even in the middle of Toronto. Spend summer days outside enjoying your private tennis court, swimming pool and jacuzzi surrounded by lush landscaping.
Inside, the home is filled with natural light through the large windows and skylights. Amenities include a home theatre, a gym, a spa complete with a steam room, a walk-in wine cellar, and a bar. In addition, glass elevators transport you between the levels of this stunning estate.
Iconic Estate in York Mills – 45 Bayview Ridge
Listing Price: $22,500,000
- Size: 15,000+ square feet
- Bedrooms: 6+2
- Bathrooms: 10
- Property tax: $90,807 per year
- 45 Bayview Ridge listing details
Own a French Chateau right here in Toronto! This sprawling dream estate over three acres boasts an unobstructed view of the Rosedale Golf Club.
Inside the 15,000 square feet of living space, you’ll find large bedrooms with ensuite baths, a chef’s kitchen with an eating area, a large dining room, in addition to a Bordeaux-inspired wine cellar, a wine-tasting and cigar room, a sauna and a gym.
Moreover, there are two pools, one indoor and one outdoor, as well as a tennis court, a nanny suite, and an oversized garage. Pour a glass of wine and enjoy the fantastic sunset views from one of the most expensive houses in Toronto – you’ll certainly feel at home!
Recently Renovated in Bridle Path – 38 Park Lane Circle
Asking Price: $21,888,000
- Size: 5,000+ square feet
- Bedrooms: 8+5
- Bathrooms: 10
- Property tax: $65,731 per year
- 38 Park Lane Circle listing details
This recently renovated home is nestled on almost two-and-a-half acres, surrounded by unobstructed ravine views and stunning private gardens. You’ll find large rooms inside the main house, perfect for entertaining or hosting guests. Furthermore, the primary suite features a spa-like bathroom, a sitting area, a dressing room, and a closet.
The home includes a wood pavilion with an indoor pool, sauna, and spa. A two-bedroom coach house with a kitchenette is also attached.
Park Like Oasis in Bridle Path – 103 Old Colony Road
Asking Price: $18,000,000
- Size: 21,000 square feet
- Bedrooms: 5+1
- Bathrooms: 11
- Property tax: $80,408 per year
- 103 Colony Road listing details
If you want to live in a park-like oasis in one of the most desirable neighbourhoods in Toronto, this might be your property! Certainly designed with nature in mind, this home has floor-to-ceiling windows that let in plenty of natural light. While outside, you’ll find a tennis court, hot tub, pool, and cabana areas on your nearly one-acre property.
You’ll love the attention to detail, stunning finishes, and open feel. Furthermore, the home has been built with the latest technology, including airport-level security, an entertainment centre, a theatre with karaoke, a virtual golf simulator, and more!
Landmark Home in Rosedale – 5 Thornwood Road
Asking Price: $17,950,000
- Size: 8,900+ square feet
- Bedrooms: 6+1
- Bathrooms: 6
- Property tax: $41,347 per year
- 5 Thornwood Road listing details
Originally designed by celebrated architect Eden Smith in 1908, this Rosedale landmark home has been thoughtfully updated, blending the original charm with modern design. The chef’s kitchen is the heart of the home, offering two oversized islands, dual ovens, and dual dishwashers–excellent for hosting guests or cooking for your family. The lower level offers everything you need for storage or entertaining, including a dedicated gym area, a wine cellar, a walk-in cedar coat closet, and even a full second kitchen.
The exceptional location on a treed lot ensures privacy and access to the extensive ravine trail system, all while being just steps away from Yonge Street, shopping, and restaurants.
Elegant Home in Forest Hill South – 84 Old Forest Hill Road
Asking Price: $15,888,000
- Size: 10,500+ square feet
- Bedrooms: 5+1
- Bathrooms: 8
- Property tax: $54,015 per year
- 84 Old Forest Hill Road listing details
This luxurious Forest Hill home seamlessly blends elegance and leisure into the ultimate family home. For instance, the grand spiral staircase, dramatic floor-to-ceiling windows and private garden will no doubt impress your guests. While you and your family will enjoy an indoor pool and spa, a state-of-the-art theatre room, and a fully equipped gym.
Finally, at the end of the day, you can retire to your large primary suite, relax in the opulent bathtub, or curl up with a book in your private sitting area.
Modern Masterpiece in York Mills – 15 Tudor Gate
Asking Price: $15,599,000
- Size: 5,000+ square feet
- Bedrooms: 5+1
- Bathrooms: 9
- Property tax: $63,456 per year
- 15 Tudor Gate listing details
This stunning mansion was designed by luxury home builder Rose Park Developments and is overlooking the Canadian Film Institute, where you might spot the Great Canadian Baking Show Tent! Enter through the unique front doors, and you’ll be greeted by a grand curved staircase and a painted ceiling dome.
Each room of this home has been thoughtfully designed to blend entertaining and everyday living. For instance, guests will be impressed by the curved bar room, while your family will love the home theatre and outdoor basketball court.
Expensive Homes in Toronto
Toronto’s most expensive houses are, without a doubt, jaw-dropping. Unquestionably, everything from the corners of the rooms to the driveway is carefully thought out to show the splendour and wealth of these exclusive properties.
For a few lucky ones, these properties are “home,” but for us, we can just call them “the most expensive properties in Toronto.”
Market for Luxury Homes in Toronto
While the general market in Toronto is subdued thanks to global economic uncertainty, the ultra-luxury real estate market, homes over $10 million, experienced year-over-year growth in 2025. However, the luxury market in 2026 looks more balanced so far, with inventory returning to pre-pandemic levels. Moreover, Toronto has proposed a municipal land transfer tax hike on luxury properties priced at $3 million or more, starting April 1st, 2026. This may spark an early spring market for luxury homes in Toronto.
Expensive Houses in Toronto FAQ
What is the most expensive area in Toronto?
The Bridle Path neighbourhood boasts some of the most expensive properties in Toronto and Canada. Thanks to the lush parks and large lot sizes, this area is known for large mansions, exclusive amenities, and privacy.
Where is the Billionaires Row in Toronto?
The Bridle Path in the north-east part of Toronto is often called Billionaires Row, thanks to its expensive and luxurious homes. This neighbourhood has been home to notable residents such as Celine Dion, Drake, and Gordon Lightfoot.
What is the most expensive house in Toronto?
Presently, the most expensive house for sale in Toronto is 15 High Point Road in the Bridle Path neighbourhood, priced at $49,950,000. This home boasts 5+2 bedrooms and 11 bathrooms in its over 16,584 square feet.
What is the biggest house in Toronto?
Drake’s mega mansion, dubbed The Embassy, in the Bridle Path neighbourhood, is considered to be the biggest house in Toronto, measuring over 50,000 square feet. Inside the Art Deco-style home, you’ll find a great room with 44-foot ceilings and a bespoke grand piano, and a 3,200 square foot primary suite with a bed that weighs one ton (and likely costs more than your home). Additional rooms include a world-class recording studio, an awards room, and an NBA regulation-size basketball court.
