Toronto Forest Hill home sells for $15.8 million believed to be a new record selling price for a residential property in Toronto.
Situated on Dunvegan Rd, this home boasts eight bedrooms, 13 washrooms and an indoor six-car garage. It was the former home of George Eaton, founder of the Eaton’s department store chain.
With the new proposed unpopular Toronto City land transfer tax, the new buyers would have had to pay an extra $312,000 after Jan1/08
This sale shows the current strength in the Toronto Real Estate market and we will continue to watch for new records in the Toronto home and condo market.
Current Million dollar Toronto Homes and Condos can be found here on my Toronto Real Estate website.
Updated: December 12, 2012
Updated: July 2014!