Toronto's tumultuous 2022 housing market correction has officially carried into the new year, and one of the city's most iconic luxury homes is no exception, having to re-list at a slightly lower price after no buyers bit.
Located at 45 Bayview Ridge, the Palace-of-Versailles-inspired mansion first hit the market in March of 2022 with an asking price of $24.5M. After nearly a year without a sale, though, the price has been reduced. Albeit by just $620K, to $23.8M.
Designed by famed Canadian architect Gordon Ridgley, the French-style chateau sits on over three acres in the city's Bayview Ridge neighbourhood. Offering over 15,000 sq. ft. of living space, the home features six bedrooms, plus a two-bedroom nanny suite, and 10 bathrooms.
The palatial property also boasts seven fireplaces, a 4,000-bottle Bordeaux-inspired wine cellar, a ventilated cigar room, and a 12-person sauna. Opulent details, including herringbone hardwood floors, ornate ceilings, and crown mouldings, abound.
A solarium-enclosed pool can be found indoors, while a backyard infinity pool gazes over Rosedale Golf Club. The grounds also include a tennis court and a reflecting pond.
- Address: 45 Bayview Ridge
- Bedrooms: 6+2
- Bathrooms: 10
- Price: $23,880,000
- Listed by:The Brind Group, Sothebys International Realty Canada
The main level offers a stately library with a turreted office space, a light-filled great room, and a formal dining room. A sitting area off the kitchen leads to a castle-like breakfast area. Upstairs, the primary suite features a private balcony, walk-in closet, and a spa-like ensuite.
A number of renovations have been completed since the home last sold in 2009 for $12.8M, including the addition of the tennis court and indoor pool.
When the mansion was put on the market last year, listing agent Adam Brind of Sotheby’s International Realty Canada told Storeys that it may change hands "in the first week, or it could take a full year to sell."