What can $16 million buy you in Toronto?
A two-storey, five bedroom and eight bathroom mansion with 12-foot ceilings in Forest Hill, custom built.
The property, located at 139 Dunvegan Road was re-listed for the steep price of $15,850,000 on Thursday evening after two previous listings asking for more than $16 million were either terminated or expired in 2021.
In 2003, this house sold for $2.3 million.
The listing on realtor.ca boasts that the home comes with specialty rooms that “are perfect for the most wonderful entertaining.” These include a large wine cellar, a built-in gym, a billiards room, a library and a sunroom.
Most of the bedrooms in the property also have their own separate ensuite and walk-in closets.
Marketed towards family, the statistics on the listing show that 63 per cent of households in the neighbourhood have children, with the median age of residents at 36 to 37 years old. In this listing, they emphasize that they have a separate “nanny’s room” for child care.
The average income per household in the Forest Hill South neighbourhood is $437,301.
Also included with the property are luxury outdoor ammenities that include an in-ground pool, a hot tub and BBQ area. Car enthusiasts will be happy to see that the house also has a six car garage, and can hold up to 10 vehicles with the driveway in use.
So, what do property taxes look like on a spot like this? $42,000 annually.
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