A home on top of a ravine in a tranquil forest setting with lake views may look like something from a fairytale, but the price brings you back to the reality of the Toronto housing market.

The four-bedroom home at 15 Fallingbrook Crescent in the eastern Beaches is for sale for nearly $3 million.

The turret at the front of the home and the rustic brick give it an enchanted feel, even though it's not nearly as big as a castle for sale recently in Hamilton or another sprawling place in Niagara.

At dusk, the home takes on an enchanted feel.

Nevertheless, this home has its charms.

The living room is bright with a modern-looking fireplace.

The living room is modest but comes with a fireplace.

The dining and kitchen area are open concept.

The dining and kitchen area are bright but not huge.

This is a colourful and private spot to catch up on work or some reading.

There is a cute office space lined with bookcases.

The master bedroom has space for a small seating area.

The master bedroom has space for a seating area and a beautiful window. The other two upstairs bedrooms have old-world touches.

The other bedrooms in the home are clean and bright.

Each room has views of the lake or ravine, according to the listing from Royal LePage.

The bathroom has curved walls.

The bathroom comes with a shower and curved walls.

It is not right on Lake Ontario but there are some nice views.

The true beauty of this home is the outdoor space.

The forest around the home adds to the enchanted feel of the place.

It's a corner lot on a quiet cul de sac, which offers a lot of privacy.

So if you can't afford the $9 million 12-bedroom castle of your dreams in Hamilton, perhaps this smaller version will suffice. At least you won't have to leave Toronto.