Toronto's Most Expensive Home

by Deidre Woollard (RSS feed)
Jan 12th 2011 at 5:01AM

A couple of readers have directed me to the fact that Toronto's most expensive home is in the pricey Bridle Path neighborhood. This home actually hit the market last year for $29.8 million Canadian so the current price of $26.8 million represents a bit of a price cut.

A recent report in the Toronto Star says that the owners are Margaret and Lee Ka Lau. The home has more than 40,000 square feet of space. The home is on a double Bridle Path lot, encompassing four acres, one lot is the main house and the second lot is give over to a massive sports complex that includes an indoor tennis court, bowling alley and an indoor pool. The two properties are connected by a tunnel that has an indoor putting green. The home was built around seven years ago and includes a cinema and an arboretum. Elise Kalles has the listing for $26.8 million Canadian.

Gallery: 9 High Point Road

Tags: canadian real estate, toronto

Filed under: Estates

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Reader Comments (Page 1 of 1)

Riley Jan 12th 2011 11:48AM

I think Lee Ka Lau was one of the founders of ATI. ATI was based in Markham but is now owned by AMD.

Chris Jan 12th 2011 2:44PM

These "estates" are increasingly cliche. Really can you tell one from another? Theater rooms, sports pavilions, bowling alleys, they are all the same just moved around the world. Really, do the wealthy like bowling that much? Who is doing all this bowling?

JLS Jan 12th 2011 4:42PM

I completely agree with you, Chris. At 40k square feet it's more like an institution with very little unique flair here. And bowling...well that is sort of ridiculous, isn't it.

Bottom line is excessive square footage generating huge expense isn't cool anymore.

evaascc Jan 12th 2011 4:42PM

I often wondered if I became million/billion dollar wealthy what kind of house would I want. Well, I have a pic from a Home Depot ad of a home I've always adored. I've held on to that pic for years. I'd say it's the typical 4 bedroom two-story country style home with an L-shaped porch for sitting; 2-3 car garage; open floor plan; beautiful landscape ; sitting on plenty of acreage ; with green shutters and siding (yeah, it's pictured with siding). I envision selecting from an array of wood samples for the hardwood floors, and the furniture light colors to reflect the light coming in the windows, etc. A medium size dog mixed breed preferred that's nothing but a love-muffin. That's for me the simple life. At 60, I've lived alot and decided what is most important in life for me. It's the simple things in life that count the most.

JLS Jan 12th 2011 5:02PM

Your post hit home. I am exactly 60 and have had a significant amount of clarity revealed to me in the last year after retiring. I've had some pretty jarring revelations looking at some of these enormous mansions I so desired for the last few decades only to realize it's excessive and empty and not what I want anymore. Size of home doesn't connect with happiness or well being to me. Having just what I need that looks like who I am does. My desired home is one of great peace, safety and warmth. I've had enough stays in hotels in my career to last me forever. Perhaps that why I have such a dislike for this kind of square footage.

And oh yes, my dogs are the best part of my life. 3 fine little gentlmen who only want sun, fun and a treat to eat beside me. They could live in a 1000 square foot home as long as they had me beside them and be ever so happy.

Cindy Jan 12th 2011 6:10PM

Love the house but frankly I love the 5,000 sqft house I live in. I don't know why anyone would need 40,000 sqft. I wish they would donate several million to an animal rescue organization!!! I actually think they're sort of vain to think they need that much. If I earned enough to buy this house, I would still live where I do and buy a huge farm (know exactly which one, it's almost 100 acres) and I'd build a huge no-kill animal sanctuary. Well, I can dream!