Situated right next to Toronto's affluent Bridle Path neighbourhood, it comes as no surprise that this home located at 8 Penwood Crescent just entered the market with an astounding price tag of $7.5 million. 

The home is nestled in the peaceful Banbury-Don Mills community and is a short distance away from greenspaces like Windsfields Park and shopping centres such as CF Shops at Don Mills. 

The four-bedroom, four-bathroom property features precise landscaping in its front yard and entertainment-focused backyard, which overlooks the neighbouring ravine. 

The gourmet kitchen sits right under a massive skylight and is splashed with marble all across, from its floors to countertops. 

The home also comes with some opulent extras, including an 8-Zone audio system, a security system with cameras, and reverse osmosis water.

On the main level, you'll also find the home's light-filled sunroom, which comes with its own skylight, floor-to-ceiling windows, and serene views of the backyard. 

Up the home's curved staircase to the second level, you'll find the primary suite, which boasts an oversized dressing room and a four-piece ensuite. 

We suspect that anyone able to afford a $7.5 million home will also require plenty of storage to stash away their designer clothing, and the dressing room certainly comes prepared with all its custom cabinetry. 

On the second level, you'll also find the home office, which comes with another skylight, and a balcony that overlooks the ravine. 

The finished basement comes with plenty of storage space, a recreation room, a sitting room, a dining room, a kitchen, a gym, and a bathroom.

Although Toronto summers are often short-lived, the home puts an emphasis on outdoor living, with its covered patio space, BBQ, in-ground concrete pool, and whirlpool.

This home is currently on the market for a whopping $7,480,000.