Making a purchase on any type of home in Toronto is becoming a luxury more and more everyday, wtih homes averaging at around $1.08 million dollars. However, there is a large amount of people who enjoy Toronto's most expensive homes and want to live in luxury.
Toronto is known to have the most expensive real estate in all of Canada.
What is considered a luxury home?
Top luxury properties come with top quality real estate. Luxury homes come with custom built features using top tier premium material and a luxury design as well.
Luxurious homes usually contain some type of history and are usuaully built by a famous architect or positioned in a high end neighborhood.
What are the benefits of living in a luxury home?
Luxury homes come with many perks and advantages that can make it worth it for people that can afford it. Most luxury properties will be different based on the area, but here are the typical features people expect when buying a luxury home:
- Sustainable living area
- Open living spaces
- Premium equipment and building supplies
- Personalized and attractive interior and architectural designs
- Amazing lighting
- Bathrooms and master bedrooms have high end amenities (spa, sauna and/or steam room)
- Modern/new technology of device and control systems for electronics
- High end security systems
- Open/spacious backyard
- Walled off/Fenced off property
- Privacy
- Luxurious appliances and amenities
What is the average household income in Toronto?
On average, the household income is $78,378 in Toronto. Living in more of the 'healthier' areas requires much more income.
How can I find luxury homes for sale in Toronto?
Finding a luxurious property in Toronto may be harder than you think. You should filter your search to make sure everything you want is there for how much you are spending. Some filters you can use are prices, square footage, bedrooms, bathrooms and other amenities you desire in your dream home.
Looking for price drops in the market is another tool you should use when looking to buy a home.
What are the most expensive neighborhoods in Toronto?
York Mills
York Mills is also known as millionaire mile because it contains 5 of the wealthiest neighborhoods. The average house price is $3.4 million. This is a very high price but you're paying for the area, the economy and attractiveness of the property.
York Mills also comes with features like Don Valley golf course, St. John Anglican Church, Windfields park and the York Mills Shopping Centre
Forest Hill
Forest Hill is becoming a very popular neighborhood. This area consists of some of the most beautiful homes you can find in Toronto, but is most importantly home to the UCC which is one of the best privately run schools in the country.
Forest Hill is also home to very high income celebrities, doctors, entrepreneurs and lawyers. Most houses were built back in the 30's and 40's.
Bridle Path
The Bridle Path also known as billionaire road is definitely a popular neighborhood in Toronto. This wealthy neighbourhood is packed with spectacular looking parks and very attractive multi-millionaire mansions located near the Don River Valley. Hip hop artist Drake also lives in this neighborhood, with a custom made home worth over $100 million dollars. Prince also bought a house in this area back in 2001 with a little over 12,200 square feet of living space and 2 acres of land.
Bridle Path also includes top tier public and private schools on Bayview Avenue. It also includes a variety of luxurious shopping centers the beautiful Edwards Gardens.
What are the most expensive listed homes currently in Toronto?
2275 Doulton Dr is in the GTA located in Mississauga. The Price of this property is around $37.5 million dollars becoming the 2nd most expensive home for sale in Canada. This property comes with 6 beds, 14 bathrooms and 26,000 square feet of living space.
88 Forest Heights BLVD is located in York Mills closer to the St. Andrew Windfields area. The price of this property is $29.8 million dollars with 7 Bedrooms, 11 Bathrooms and a square footage of 28,900.
11 High Point Road is located in Bridle Path. The price of this property is $27 million dollars, containing 13 bedrooms, 14 bathrooms and a large space of 104,360 square feet.
16 Stratheden Road is located in York Mills near Lawrence Park. The price of the property is $25 million dollars and includes 6 luxurious bedrooms, 10 bathrooms and a squ of 20,250.
45 Bayview Ridge is located in York Mills near St. Andrews. The price of the property is $24.5 million dollars with 8 Bedrooms, 10 bathrooms and a total square footage of 156,711.
