This dazzling Toronto home just reduced its price by $1.5 million

If you're in the market for mansion living but you're working with a house budget, this breathtaking Toronto property, whose price was just reduced by $1.5 million, might just be the place for you.

...Assuming that "house" budget is $5 million, that is.

Located on a serene street steps from Bayview Avenue and York Mills Road, 37 Rollscourt Drive is the stuff Toronto property dreams are made of, boasting luxe-yet-tasteful finishes at every corner.

With a prime location just minutes from Highway 401 and local schools, though, that serenity doesn't come at the expense of true city living.

The grand entrance.

Soaring over the centrepiece of the main floor — an elegant cascading staircase that leads to the bedrooms and amenities on the second storey — you'll spy a refined domed skylight that gives the whole space a regal feel.

The living room.

The sleek 333-sq.-ft. living space provides a comfortable and stylish spot for social gatherings or unwinding after a long day and, with lofty ceilings and large windows, it manages to escape the trap of feeling stuffy or confined, which so many formal living spaces fall into.

The dining room.

Cross the grand entrance and you'll land in a similarly light-drenched dining room. 

The open-concept floor plan allows a seamless flow throughout the entire level, while enormous windows, a stylish contemporary light fixture and warm hardwood floors give the dining space a feel that's entirely its own.

The kitchen.

The enormous kitchen is a must-see for any home chef.

A whopping 375-sq.-ft. footprint is masterfully filled with an oversized island, custom cabinetry and top-of-the-line appliances, such as two Wolf wall ovens, a SubZero refrigerator and freezer, and a Miele dishwasher.

The family room.

Just beyond the kitchen, you'll find an additional dining area and adjoining family room for more casual and cozy get-togethers.

The regal fireplace bestows the room with a homey feel, while floor-to-ceiling windows gazing onto the backyard assert a more contemporary sensibility.

The primary bedroom.

With so much living space spread across the house, it would be a crime to put all your eggs in one basket when it comes to how you spend your time. On the other hand, though, I wouldn't blame you if the primary bedroom had you seriously considering never leaving the room again.

Featuring its own sitting room and spacious his-and-hers closets, it's the type of spot where sweet dreams would be a guarantee every night.

The primary ensuite.

The crowning jewel of the primary bedroom is its grand seven-piece ensuite bathroom, which, featuring checkerboard tile floors, a sumptuous bathtub and gold fixtures, feels utterly fit for royalty.

Another bedroom.

On top of the primary bedroom and ensuite, the home boasts an additional four bedrooms and seven bathrooms, so lack of personal space won't even cross your mind.

An extra bedroom, outfitted as a pilates studio.

If you don't need all of those bedrooms for, you know, sleeping in, they also pose the perfect opportunity to be transformed into anything else you may desire, whether it be an at-home pilates studio, recreational room or home office.

The lower level.

Similarly, the lower level offers ample living space to be used however you see fit, with a walkout, sprawling recreation room, nanny or guest quarters and a mudroom for extra storage.

The backyard.

The backyard is a fairytale to boot, brimming with meticulously landscaped gardens and lush trees.

A stone terrace and saltwater pool beyond provide the ultimate refuge during summer months — no cottage needed. Although with the aforementioned $1.5 million price reduction, you could probably buy a whole cottage, too.

Additionally, the property features a three-car garage, an electric vehicle charger, a barbecue gas line, an updated irrigation system and a backup generator. In other words, it's more than just a pretty face.

37 Rollscourt Drive,

37 Rollscourt Dr. is currently listed at $4,998,000 by Sarvy Barghgir of Prestige World Realty Inc.