A recent study shows that the number of Canada’s high-net-worth individuals (HNWI), defined as having over US $1 million in net wealth, is expected to eclipse 1.4 million individuals by 2025.
As more people accumulate wealth, their desire for anything luxurious grows simultaneously, making prime real estate in cities like Toronto more attractive.
Like many global markets, Toronto has seen demand for prime properties reach all-time highs during the pandemic. Close to 6,100 sales of CAD 2 million or more as of September 2021, a 127% increase year-over-year, underscores the intense demand for properties in the area, particularly premium new and custom developments. Increased travel among foreign buyers, the re-emergence of the condo market, and a resilient market are just a few reasons why experts predict the Toronto market will remain strong in 2022.
To get an idea of what Canada’s HNWIs and UHNWIs are buying, here are five of the most exclusive luxury homes in Toronto.
The Lytton Park neighborhood is popular for its proximity to parks and shops, most of which are in walking distance. (Barry Cohen Homes)
28 Hillhurst Boulevard
Price: CAD 2.7 million (US $2.2 million)
Luxury homes in Lytton Park attract buyers because of their proximity to public amenities and transit routes such as:
- Avenue Road
- Eglinton Avenue
- Lawrence Avenue
- Yonge Street
Highway 401 can be accessed from Lytton Park via Yonge Street after just 10 minutes by car.
The short drive makes it convenient to go in and out of the exclusive neighborhood, whether for a weekend vacation during hotter months or a luxurious stay during ski season.
The main floor also looks spacious with a 10-foot ceiling. (Barry Cohen Homes)
The 28 Hillhurst Boulevard property spans 2,000 square feet of space with three bedrooms and three bathrooms.
Each townhouse at the three-floor condominium building comes equipped with a private four-stop elevator. The main floor also looks spacious with a 10-foot ceiling.
Plus, the primary bedroom on the upper floor features a five-piece ensuite where windows take unobstructed views of the tree-lined neighborhood.
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A private elevator takes you to the 4,240-square-foot private residence at the Hazelton Hotel, where plenty of natural light enters through floor-to-ceiling windows. (Barry Cohen Homes)
118 Yorkville Avenue
Price: CAD 9.9 million (US $7.8 million)
As one of the most exclusive residences in Toronto, a three-bedroom unit at the five-star Hazelton Hotel comes some of the most enviable perks.
A private elevator takes you to the 4,240-square-foot property, where plenty of natural light enters through floor-to-ceiling windows.
The kitchen is a chef’s dream with an oversized island and mesmerizing backsplash. (Barry Cohen Homes)
You’ll instantly notice a customized entrance door after alighting the private elevator. Inside, the Grand Foyer complements the unit’s overall European design.
Residents at The Hazelton along 118 Yorkville Avenue find it convenient to move around the city. The Yorkville address attracts luxury property buyers as it’s the most expensive dining and shopping district in Toronto.
You may even encounter film executives and movie stars at the hotel. There’s a private screening room that accommodates up to 26 people.
The gated property at 350 Cortleigh Boulevard features eight bedrooms and 10.5 bathrooms. (Barry Cohen Homes)
350 Cortleigh Boulevard
Price: CAD 13.9 million (US $10.9 million)
Here’s another sought-after luxury home at Lytton Park that’s perfect for extended or large families. The gated property at 350 Cortleigh Boulevard features eight bedrooms and 10.5 bathrooms.
The two-story house includes three garage spaces within a 215-foot-wide, ravine-like lot. Such properties have become more popular because of increased privacy while surrounded by lush greenery.
A quick tour starts at the service entrance and foyer leading to the main hall in the first level. Formal spaces include a large formal dining, a library and a grand salon. There are two kitchens, one for family and one for events.
An indoor swimming pool is among features of note at 350 Cortleigh Boulevard in the Lytton Park neighborhood of Toronto. (Barry Cohen Homes)
There’s a servery room in between the kitchen and dining room. You’ll see the grand hall and five bedrooms at the second level, including the primary suite.
A private staircase leads you to the apartment, where there are two more bedrooms and a wet bar.
You’ll find the eighth bedroom at the lower level, plus other amenities: ballroom, exercise room, indoor swimming pool, laundry room and recreation room.
Read More: 3 Unexplored Ways To Save On Your First Luxury Home Down Payment In Toronto
An internationally acclaimed music celebrity used to own this 14,280-square-foot mansion in Toronto’s exclusive Bridle Path enclave. (Barry Cohen Homes)
61 The Bridle Path
Price: CAD 16.9 million (US $13.3 million)
A 6-bedroom, 10-bathroom gated estate at 61 The Bridle Path looks like the epitome of exclusivity in Toronto. An internationally acclaimed music celebrity used to own this 14,280-square-foot luxury bungalow.
Residents will notice traces of the celebrity’s original design for the lower level where you’ll see:
- Two bedroom suites
- Exercise room
- Salon and spa
- Theater room
A lavish white kitchen is among features of this, which was once home to an acclaimed music celebrity. (Barry Cohen Homes)
The luxury home’s primary bedroom even has a seven-piece ensuite and a stylish boudoir.
Manicured gardens and landscaping surround a regulation tennis court and swimming pool within the estate.
Today, Bayview Avenue has evolved as a community with exclusive properties such as the Baytree Town Manor. (Barry Cohen Homes)
2636A Bayview Avenue
Price: CAD 2.6 million (US $2.1 million)
Bayview Avenue features a rich history that can be traced to 1796. Today, the street has evolved as a community with exclusive properties such as the Baytree Town Manor.
The 2636A property at the manor still preserved some of its heritage vibes even after more than CAD 100,000 in luxury improvements. Its amenities and features include:
- 5 bedrooms
- 4 bathrooms
- 4-stop elevator
- 2 garage spaces
The residences at Baytree Town Manor feature open kitchens that draws inspiration from Parisian styles. (Barry Cohen Homes)
The dining and living rooms showcase an open-concept layout with an unrestricted view of the front gardens. There’s also an open kitchen that draws inspiration from Parisian styles.
A home office at the third level features a conducive yet luxurious place for remote work—complete with oak hardwood floor and a gas fireplace. Expect to pay approximately CAD 8,730 annually for real estate tax after purchasing the property.
Read More: There’s A Brewing Battle For Exclusivity In Hong Kong’s Luxury Home Market
Property listings were active as of the publication date.
