Toronto mansion drops asking price nearly $11M after sitting on market over three years

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.Since then, the property has popped on and off the market multiple times, 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 — at least until now.Because the home is currently asking $18,000,000, a nearly $11-million haircut that says a lot about where Toronto's ultra-luxury market is sitting these days.The foyer with exposed stone walls. And this isn't your typical Bridle Path-adjacent mega-mansion trying to blend into a sea of stone façades.The dining room. "I'm blown away by this house because it's so unique," realtor Barry Cohen says in a video.The primary bedroom. The six-bedroom, eleven-bathroom residence was conceived as a collaborative artistic vision between a...


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