Here are some of the most expensive houses that sold for over $10M in Toronto in 2023
Luxury house sales in Toronto surpassing $10 million surged by 10 per cent in 2023, according to a real estate broker who says a new tax nudged sellers to the finish line.
“It’s only four homes, but it’s a lot given the price point of these transactions,” André Kutyan, a Toronto real estate broker, told CTV News.
In 2022, 36 homes in Toronto were listed for $10 million or more. In 2023, there were 40 recorded sales at that price point, Kutyan said.
He notes that eight of the sales took place in the last quarter of the year, abnormal in Toronto’s high-end housing market, which typically thrives between March and October.
- IN PHOTOS: Expensive homes sold in Toronto in 2023
“The reason is this new land transfer tax,” Kutyan said.
In September, Toronto City Council approved an increase to municipal land transfer tax rates for homes over $3 million. This increase came into effect on Jan. 1.
Toronto realtor Scott Ingram pointed out the bulk of luxury houses that sold in 2023 in the Greater Toronto Area were located in the City of Toronto, compared to a more even split between the 905 and 416 a year earlier.
Several houses that sold for over $10 million in 2023 were located on the same street – Russell Hill Road in Forest Hill – one of which was sold privately for over $17-million (as a result, it’s been excluded from the following list).
A bird's eye view of a house in Toronto that sold for $14,380,000 in 2023.
Ingram explained, however, that analyzing this small pool of the market can be unreliable.
“If we went from 1,700 to 1,600 that would be more solid information than 17 to 16. With numbers so small you can have big year to year swings,” he said.
Here are five of the most expensive Toronto houses that sold in 2023:
174 Dunvegan Rd.
Sold: $16,500,000
This “majestic” red-brick mansion fronted by a manicured lawn and mature trees has six bedrooms, each with an ensuite washroom, as well as heated marble floors in the primary suite.
There’s also a walk-in wine cellar in the basement along with two garages and a heated driveway.
An external photo of 174 Dunvegan Road (Harvey Kalles Real Estate Ltd).
299 Russell Hill Rd.
Sold: $16,242,500
This dramatic limestone facade, sold by Toronto broker Barry Cohen, was just completed in the fall. It's an “instant home,” in Kutyan’s words.
The 9,000-square-foot new-build has floor-to-ceiling windows, imported finishes, and suede-paneled entries, according to its listing.
“There’s a lot of advantages to buying a new home like this,” Kutyan said.
A dramatic limestone façade at 299 Russell Hill Road, which sold for $16,242,500 (Credit: Barry Cohen Homes).
57 Fifeshire Rd.
Sold: $11,808,000
This North York house has a grand presence with an Indiana limestone facade and crystal chandeliers draping from the ceiling.
But there are modern touches too, with complete home automation and a salt water pool perched out back.
An external view of 57 Fifeshire Road in North York.
21 Alderbrook Dr.
Sold: $14,380,000
This cubic custom-built mansion backs onto a ravine shared with the Bridle Path.
It has a grand and sleek presence with waterfall stairs, soaring ceilings, and giant floor-to ceiling windows.
Beyond aesthetics, it also flaunts resort-like amenities, including a hydrotherapy hot tub, yoga studio, steam room, infinity pool and soundproof theatre.
332 Russell Hill Rd.
Sold: $13,995,000
This house has a timeless elegant exterior, with a dramatic limestone facade, while its interior presents modern touches.
Soaring ceilings, handcrafted kitchen cabinetry and a sleek wine display grace the mansion, designed by Danieli Development, and sold by Barry Cohen.
Soaring ceilings and handcrafted cabinetry designed by Danieli Development at 332 Russell Hill Road (Credit: Barry Cohen Homes).
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6978490.1721989018!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
Canadian Olympic Committee CEO says soccer coach Bev Priestman likely aware of spying
Canadian Olympic Committee chief executive officer David Shoemaker says the head coach of the national women's soccer team was likely aware drones were used to spy on another team's practices in France.
Arson attacks paralyze French high-speed rail network hours before start of Olympics
France's high-speed rail network was hit Friday with widespread and "criminal" acts of vandalism including arson attacks, paralyzing travel to Paris from across the rest of France and Europe only hours before the grand opening ceremony of the Olympics.
DEVELOPING Recent rain, cooler weather limiting spread of wildfires in Jasper National Park
Cool and wet weather is making a difference in Jasper National Park.
Canada to bring home fewest Olympic medals since 2012, according to forecaster
Fewer Canadians are expected to reach the Paris podium than in the previous two Olympic Summer Games, a global data analytics company predicts.
Harris pushes Netanyahu to ease suffering in Gaza: 'I will not be silent'
U.S. Vice President Kamala Harris pressured Israeli Prime Minister Benjamin Netanyahu on Thursday to help reach a Gaza ceasefire deal that would ease the suffering of Palestinian civilians, striking a tougher tone than President Joe Biden.
Stay inside, filter indoor air amid wildfire smoke, respirologist says
A Calgary respirologist is advising people to regularly check the outdoor air quality and stay inside as smoke from the Jasper wildfires blows into other parts of Alberta and possibly beyond.
Mary-Ellen Turpel-Lafond likely has Indigenous DNA: report
The Law Society of British Columbia says a DNA test shows a former judge and Order of Canada recipient accused of falsely claiming to be Cree "most likely" has Indigenous heritage.
Yukon woman narrowly escapes bear attack, credits hair clip
A woman in Yukon believes her hair clip helped save her during a bear attack.
OPINION Prince Harry: Press intrusion and the family rift explored in new doc
Prince Harry, the Duke of Sussex, has once again found himself at the centre of media attention following his recent interview as part of 'Tabloids on Trial,' an ITV documentary on phone hacking and tabloid intrusion.