Canada's Most Expensive House?

[Nouvellecosse]

The interior looks like it was designed for Don and Mel.

[GeneralLeeTPHLS]

Originally Posted by whatnext

How does Toronto's property taxes on SFH compare?

There was a graph showing property tax rates across Ontario and the suburbs had higher rates than Toronto...it's not too bad in comparison to other parts of the province.

[TorontoDrew]

This house is pretty bad ass.
Source: https://www.sothebysrealty.com

Toronto
124 Park Road
https://www.google.ca/maps/place/124...!4d-79.3822383
Built in 1857
$19,800,000
12,000 sq ft

































Inside the pool house.

[esquire]

^ Nice pile! The interior is amazing.

[TorontoDrew]

I like how they have managed to keep the character of the structure with modern amenities. Their pool house is bigger then most homes in Toronto. The price asctually feels a little low, they must be doing that for a bidding war.

[niwell]

Not a huge fan of aspects of the interior, but still much better than these things usually go.

[WhipperSnapper]

1857! That's old (obviously seen many additions since)

I'd like to see the floor plans. The gallery is about the dumbest use of space I've seen.

I'm not the biggest fan of the interior design either. Can something be both bland and over the top? It's closer to my style than the last house. I can't say one is better than the other not playing favouritism. The other house has a more cohesive design plan.

[esquire]

Originally Posted by WhipperSnapper

I'd like to see the floor plans. The gallery is about the dumbest use of space I've seen.

With 12,000 square feet, there's enough room to devote some space to a nice art collection.

[suburbanite]

That's the Geary House. I remember seeing it come up before in the last couple years and looked into it. It was the home of Toronto mayor George Geary sometime in the early 1900's I believe.

Part of the reason for the weird layout is it was originally built as a single-storey house. The second floor was added before the 20th century, and I'm not very familiar with 19th century renovation practices, but I imagine that could be a challenging job for the times. Also, I'm pretty sure the art gallery is actually a tunnel between the main residence and the coach house.

I love looking at houses like this in Rosedale. The layouts are often weirder and less functional than somewhere newer like Forest Hill, but that's part of the charm. You can walk around that neighbourhood for hours and no two houses are the same.

[whatnext]

Originally Posted by TorontoDrew

This house is pretty bad ass.
Source: https://www.sothebysrealty.com

Toronto
124 Park Road
https://www.google.ca/maps/place/124...!4d-79.3822383
Built in 1857
$19,800,000
12,000 sq ft

Very nice. I see the yearly property tax is $59,492.84 vs the Shaughnessy mansion in Vancouver's yearly bill of $125,859. I guess Vancouver's includes the Speculation tax and possibly Empty Homes Tax?

[WarrenC12]

Originally Posted by whatnext

Very nice. I see the yearly property tax is $59,492.84 vs the Shaughnessy mansion in Vancouver's yearly bill of $125,859. I guess Vancouver's includes the Speculation tax and possibly Empty Homes Tax?

Gotta be the BC "school tax" one. From the government site:

The additional tax rate is:

0.2% on the residential portion assessed between $3 million and $4 million
0.4% on the residential portion assessed over $4 million

The whole mill rate is 0.5% so that's most of it right there.

[kwoldtimer]

Originally Posted by esquire

^ Nice pile! The interior is amazing.

Needs a lighter hand in the kitchen and master bath but otherwise no too shabby,

[niwell]

The Current Assessed Value of the Toronto house is a bit less than half of the asking price. It's being taxed on that (municipal property tax + provincial education property tax), which likely explains the discrepancy.

[WhipperSnapper]

That sucks for you, me and, anyone that pays $20 million for it.

[WhipperSnapper]

Originally Posted by suburbanite

That's the Geary House. I remember seeing it come up before in the last couple years and looked into it. It was the home of Toronto mayor George Geary sometime in the early 1900's I believe.

Part of the reason for the weird layout is it was originally built as a single-storey house. The second floor was added before the 20th century, and I'm not very familiar with 19th century renovation practices, but I imagine that could be a challenging job for the times. Also, I'm pretty sure the art gallery is actually a tunnel between the main residence and the coach house.

I love looking at houses like this in Rosedale. The layouts are often weirder and less functional than somewhere newer like Forest Hill, but that's part of the charm. You can walk around that neighbourhood for hours and no two houses are the same.

It looks like a tunnel so that makes sense. Still a stupid spot to showcase art. It's too narrow.

[WhipperSnapper]

Originally Posted by esquire

With 12,000 square feet, there's enough room to devote some space to a nice art collection.

Lol. This person doesn't really appreciate art. The space is not only too narrow but, the artwork is positioned on top of each other. It's a showy, money making investment.

[esquire]

Originally Posted by WhipperSnapper

the artwork is positioned on top of each other.

[Berklon]

Having a dedicated "art gallery" at home feels like a waste.

If you like the artwork enough to own it and showcase it, why not showcase it in rooms you actually live in? This way you get to see it often every day as you walk by it, sit near it, etc. Hiding it in a dedicated room limits the amount of time you get to enjoy it.

[TorontoDrew]

Hey if you are rich and have a tunnel why not hang some art?

[isaidso]

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