Wow!! It seems that even though the economy is in a rough state, massive mansions are still being built. This mega-mansion is located at 40 Park Lane Circle in the extremely exclusive Bridle Path neighborhood of Toronto, Ontario, Canada. The estate was inspired by the Palace of Versailles and is nearing completion. It boasts an incredible 35,000 square feet of grand living space that includes 8 bedrooms, 14 bathrooms, a grand 2,800 square foot ballroom, massive walk-in master closets, indoor and outdoor swimming pools, separate wing for guests, a home theater, a 5-car garage, tennis court, and much much more. It is listed at $23,800,000, which puts it in competition with this newly built Bridle Path mansion of the same grandeur and price.

CLICK HERE FOR THE LISTING

  • Ben

    I used to live on this street, not in one of those houses but….
    This mega Mansion sold for close to 10 million, which I had been in many times, and looked NICER than it does now, and the new owners put around 4 million into it. It does not look like Paris, it looks more like a toaster.
    Don’t forget, what are these houses really worth? An empty lot costs 2million in the bridle path. So 35000sq + 3.5 acrs…..not worth anywhere near 24 million. This house will sit on the market for a very long time, go through price reductions, finally sell for an undisclosed amount around 15-16.




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    • Nick

      I see many empty lot is asking more than 6+ million at bridle path.

      btw, this house is still unsold and the price has been dropped to around $18mil.




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  • Chance

    Nice house, a lot could be done with this place.




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  • Brandon

    I live on Park Lane Circle and I have to Disagree with Ben. I think that this home will sell quicker rather than slower. In the past 3 years there have been many homes in the Bridle Path area being but up for sale and they have been selling. Ofcourse when you are dealing with real estate that is $20,000,000 and up it isn’t likely to sell within a week like a $500,000 house would. Homes of this value usually take months, and that is no exception with the Bridle Path. Ben is right when he said many of the the homes are being sold for significantly less than what they are asking, but not generally in the Bridle Path. Homes here don’t generally lose value but gain and they don’t sell for ALOT less than what they are asking. The Bridle Path is one of the hottest markets in North America and wealthy people are waiting to get in. Every piece of land surrounding the Bridle Path is immediatley purchased so that a mansion can be built on it. The homes in the Bridle Path that have a low value are purchased and then torn down to make way for a bigger, better home. Basically what I am getting at is that the Bridle Path really isn’t effected by the economy and the homes here do keep there value and don’t sell for chump change. As for the home looking like a toaster, I think that is pure opinion. Some people may find this home stunning and to be honest I just don’t see how it looks like a toaster.




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    • Jonathan

      Whatever Brandon, Learn how to stop lying. You know good and well that you don’t live on Park Lane Circle.




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  • Nick

    Not as good as the other 2 Canadian mega mansions.




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