{"id":502624,"date":"2026-02-27T08:00:16","date_gmt":"2026-02-27T08:00:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/502624\/"},"modified":"2026-02-27T08:00:16","modified_gmt":"2026-02-27T08:00:16","slug":"toronto-mansion-drops-asking-price-nearly-11m-after-sitting-on-market-over-three-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/502624\/","title":{"rendered":"Toronto mansion drops asking price nearly $11M after sitting on market over three years"},"content":{"rendered":"

Tucked into one of Toronto’s most prestigious pockets, 103 Old Colony Rd. first hit the market in May 2023 with a jaw-dropping $28,800,000 price tag<\/a>.<\/p>\n

Since then, the property has popped on and off the market multiple times<\/a>, with each relaunch coming with a lower asking price. Even with the reductions, though, it has still hovered near the top of Toronto’s most expensive listings<\/a> \u2014 at least until now.<\/p>\n

Because the home is currently asking $18,000,000<\/a>, a nearly $11-million haircut that says a lot about where Toronto’s ultra-luxury market is sitting these days.\"103<\/p>\n

The foyer with exposed stone walls.\u00a0<\/p>\n

And this isn’t your typical Bridle Path-adjacent mega-mansion trying to blend into a sea of stone fa\u00e7ades.<\/p>\n

\"103<\/p>\n

The dining room.\u00a0<\/p>\n

“I’m blown away by this house because it’s so unique,”\u00a0realtor Barry Cohen says in a video.<\/p>\n

\"103<\/p>\n

The primary bedroom.\u00a0<\/p>\n

The six-bedroom, eleven-bathroom residence was conceived as a collaborative artistic vision between architectural visionary Michael McCann<\/a> and designer-builder Lisa Mandel McCann.<\/p>\n

\"103<\/p>\n

The living room.\u00a0<\/p>\n

“The architectural design of the house was inspired by the property itself, with all its natural elements,”\u00a0Lisa Mandel McCann told Living Luxe\u00a0back in 2023<\/a>.<\/p>\n

\"103<\/p>\n

Limestone walls and floor-to-ceiling windows add architectural interest to the stairwell.\u00a0<\/p>\n

The result is a sculptural, nature-inspired estate, with architecture that leans heavily into organic materials, light, and landscape.<\/p>\n

\"103<\/p>\n

The family room.\u00a0<\/p>\n

Spanning roughly 21,000 square feet on about an acre of land, the design intentionally connects the interiors to the surrounding trees and park-like setting.\u00a0<\/p>\n

\"103<\/p>\n

A home office.\u00a0<\/p>\n

Cascading natural light, warm walnut and white oak finishes, and layers of limestone, marble, and bronze all work together to create\u00a0a sense of understated drama.<\/p>\n

\"103<\/p>\n

The tennis court.\u00a0<\/p>\n

Outside, the grounds feel closer to a boutique wellness retreat than a backyard. There’s a tennis and sports court, a swimming pool, cabana, and hot tub, all framed by lush landscaping and striking architectural concrete work.<\/p>\n

\"103<\/p>\n

An art studio.\u00a0<\/p>\n

Inside, the amenities dial things up to full luxury-fantasy mode.<\/p>\n

\"103<\/p>\n

A bedroom.\u00a0<\/p>\n

“Ensuites with Versace accents? That says it all,”\u00a0says Cohen.\u00a0And honestly, that’s just the beginning.<\/p>\n

\"103<\/p>\n

The kitchen with glowing onyx counters.\u00a0<\/p>\n

The chef’s kitchen is paired with a discreet caterer’s kitchen designed for large-scale entertaining, while a commercial-grade wine room created with Halperin Enterprises hints at serious collector energy \u2014 with space for up to 1,000 bottles, according to Cohen.<\/p>\n

\"103<\/p>\n

The home theatre.\u00a0<\/p>\n

On the lower level of the house, there’s\u00a0also a spa complete with wet and dry saunas, a home theatre and entertainment hub equipped for karaoke and virtual reality, plus an indoor sports simulator.<\/p>\n

\"103<\/p>\n

The lower recreation room.\u00a0<\/p>\n

Of course, it wouldn’t be a modern mega-estate without next-level tech.<\/p>\n

\"103<\/p>\n

The gym.\u00a0<\/p>\n

The home features airport-level security, an expandable 8K-ready technology system, and a commercial-grade filtration system installed ten feet below grade \u2014 details that underscore its focus on longevity as much as luxury.<\/p>\n

\"103<\/p>\n

The wine cellar.\u00a0<\/p>\n

“This is not just a house; it’s a lifestyle,”\u00a0Cohen notes.<\/p>\n

\"103<\/p>\n

A balcony overlooking the surrounding nature.\u00a0<\/p>\n

But for all its over-the-top features, a nearly 40 per cent price drop highlights just how much the ultra-luxury market has shifted \u2014 and how tough Toronto’s real estate landscape has become overall<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Tucked into one of Toronto’s most prestigious pockets, 103 Old Colony Rd. first hit the market in May…\n","protected":false},"author":2,"featured_media":502625,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[200713,49,48,200714,69433,42368,3302],"class_list":["post-502624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-200713","tag-ca","tag-canada","tag-colony","tag-old","tag-road","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=502624"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/502625"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=502624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=502624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=502624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}