In 1998, two pieces of land were combined to make a grand lot of 156,700 square feet for a prestigious French-style Chateau home in Toronto’s Bridle Path. Originally sold for its lot value of $2 million. Today,The property, which sits on a 1,399-acre of land, has almost double the lot size when compared with other homes in the neighbourhood.
He adds that ‘table land’ does not include many hills and is relatively flat on surface, which makes structures more easily buildable. Also, with the large property space, the southwest facing backyard has a “spectacular view” of the Rosedale Golf course. Who would buy this place? Sussman says the average buyer for a property as grand as this includes CEOs of multibillion dollar companies as well as celebrities, like athletes or entertainers.
“We’re really seeing a dramatic increase in the ultra luxury market in Toronto... from both domestic buyers and foreign buyers.” he said. “With money in their pocket that want to live in a truly spectacular home.”
Unbelievable