A $13.8 million mansion in Toronto's High Park Swansea Community has hit the market with direct access to the Humber River and an indoor hockey rink in its basement .

The $13.8 million price tag: a reflection of luxury and exclusivity

The property spans approximately 10,000 feet and has parking for 8 vehicles, making it an ideal residence for a large family or a group of individuls seeking luxury and convenience.

The property taxes alone will cost the next buyer up to $38,413.19 per year, a significant expense that will need to be factored into the purchase decision.

An echo of Sydney's 2024 institutional buy-up

The Toronto mansion's design and amenities,including the indoor hockey rink and expansive open spaces,echo the luxury and exclusivity of high-end institutional buy-ups in cities like Sydney.

The house was built with expansive open spces in mind, featuring west-facing windows that flood the home with natural light and offer views of the Humber River.

Who is the ideal buyer for 23 Riverside Drive?

According to Motria Dzulynsky, the listed sales agent for the property, the ideal buyer for 23 Riverside Drive is a family with children.

The upper floor features five bedrooms, all with their own bathrooms and impressive cathedral ceilings ,making it an ideal residence for a family with multiple children.

What auditors flaggged in the May filing?

The listing notes that the property offers extraordinary natural beauty while still being just minutes from the city, but it remains to be seen whether the buyer will be able to balance the demands of luxury and exclusivity with the need for natural light and outdoor access.

The Senate's three-vote margin

The property's unique feature of direct river access and unobstructed views will likely be a major selling point for potential buyers, but it remains to be seen whether the buyer will be able to balance the demands of luxury and exclusivity with the need for natural light and outdoor access.