Toronto Mansion Listed for $10 Million, But There’s a Big Catch

Toronto Mansion Listed for $10 Million, But There's a Big Catch

If you’ve ever dreamed of living like royalty in the heart of Toronto, 253 Dunvegan Rd. could be the ultimate dream home. Situated on the prestigious Billionaire’s Row in Forest Hill, this spectacular English manor-style mansion offers both grandeur and privacy. With a $9.885 million price tag, this iconic property is ready for a new owner to enjoy its historic charm and ample space. Whether you’re looking for a luxurious family home or planning your next major renovation, 253 Dunvegan Rd. is an opportunity you won’t want to miss.

A Timeless Manor on a Rare and Expansive Lot

This exquisite property is situated on a rare 70-foot frontage lot with 172 feet of depth, offering an abundance of outdoor space in one of Toronto’s most coveted neighbourhoods. The home features meticulously landscaped gardens and a grand circular driveway that gives an immediate “wow” moment upon arrival. This estate-style property is surrounded by lush greenery, giving the feel of a countryside retreat without ever leaving the city.

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Over 8,000 Square Feet of Elegant Living Space

Boasting over 8,000 square feet of living space spread across three storeys, 253 Dunvegan Rd. is filled with timeless architectural details that add character and warmth to every room. The original century-old wood trim enhances the historic feel of the home, while the spacious principal rooms offer plenty of space for grand gatherings. The home is designed for entertaining, with graciously proportioned rooms that will make every event feel like a royal affair.

Gourmet Kitchen and Private Primary Suite

While the kitchen is a bit dated, it’s still spacious, complete with a breakfast area and multiple skylights that flood the space with natural light. On the second floor, the primary suite offers ultimate luxury, featuring two dressing rooms, a cozy sitting area, and dual ensuite bathrooms—each side of the room has its own private bathroom for unparalleled privacy and convenience. Additionally, two extra bedrooms with ensuite bathrooms are located on this floor, making it perfect for a large family.

Endless Space on the Third Floor and Basement

The third floor is like a separate wing of the house, with two additional bedrooms, a four-piece bathroom, and a spacious family lounge. Downstairs in the basement, you’ll find everything you need for entertainment, including a games room, recreation room, a sauna, and a steam shower. There’s also tons of storage space and even a bedroom with its own ensuite bathroom.

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A Backyard Made for Entertaining

The backyard is classic with a lawn and patio—ideal for summer BBQs, garden parties, or enjoying a quiet afternoon in the sun. Despite being more traditional, the outdoor space offers plenty of potential for hosting events or enjoying the peace and serenity of the surrounding greenery.

Tenant in Place: An Investment Opportunity

A unique aspect of this property is that it’s currently tenanted. The tenant is paying $15,000 per month, which helps offset the high costs of the property, although it wouldn’t cover the $46,000 monthly mortgage payments. The current owner, who purchased the property only last year, is capitalizing on the 8% increase in property values in Forest Hill and has decided to sell. The tenant, who is keen to stay, offers the new owner a chance to avoid paying vacant property taxes or unoccupied house insurance while planning future renovations or even building a new home.

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Luxury and Potential in One of Toronto’s Best Neighbourhoods

With Forest Hill being one of Toronto’s most exclusive and desirable neighbourhoods, 253 Dunvegan Rd. offers unparalleled luxury and a rare opportunity to own a piece of Toronto’s real estate goldmine. Whether you’re planning to move in and enjoy the luxurious amenities or renovate this grand home to suit your personal tastes, this property promises an exceptional lifestyle.

253 Dunvegan Rd. is listed for $9,885,000

For more information about this stunning mansion, including photos and listing details, visit the official real estate page.

About Sophie Wilson 700 Articles
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.

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