Tucked away on one of Rosedale's tree-lined streets, behind some grand gates, is 21 Elm Ave.

This architectural masterpiece, named Percival Leadlay House after its initial occupant, is where old-world charm meets modern luxury.

The Percival Leadlay House was completed in 1904 by architects Burke and Horwood, a firm that accomplished some impressive works in its day.

The foyer. 

Both Edmund Burke and John Horwood were prolific Canadian architects who designed plenty of residential homes in Toronto, as well as some notable landmarks like The Bay at Queen and Yonge St., the Royal Conservatory of Music, Bathurst Street Theatre and many more. 

The dining room with a fireplace. 

In short, their work is masterful, and this home is no different.

The primary ensuite bathroom. 

From the moment you lay eyes on its captivating brick facade, you’ll be swept off your feet.

A bedroom. 

21 Elm Ave. is one of those grand old homes that has been completely renovated, yet still managed to keep loads of its charm and character. 

The living room. 

You'll see intricate crown moulding, leaded windows, beautiful hardwood floors and more throughout the house. 

The primary bedroom with a fireplace. 

As you step inside, you'll find yourself in sun-drenched rooms with tall ceilings and custom architectural details abound, not to mention there are gorgeous leafy views from every window.

The family room with a fireplace and tons of natural light. 

The main level of the house has all the principal rooms and is great for entertaining. 

The kithcne with a double island. 

There's a large dining room and living room, which flows into the open-plan kitchen and family room. 

The kitchen is right off the dining room, which makes it perfect for entertaining. 

Everything is quite classic and minimalist, especially in the kitchen with the sleek cabinetry. 

The back of the house. 

The kitchen opens up to the beautiful landscaped backyard. 

The backyard with a hot tub. 

In fact, the backyard might be the best part of the house. 

Two fireplaces can be used in the backyard. 

It's kind of an urban oasis with lots of privacy and plenty of space to eat outdoors or lounge by the firepits (yes, more than one) or soak in the hot tub. 

A bedroom. 

21 Elm Ave. has five bedrooms—three of which boast ensuite baths and lots of closet space.

The office. 

The third floor features a large study/office with a fireplace and tons of light, perfect for those work-from-home days.

One of the spare bedrooms in the basement. 

Meanwhile, the lower level offers a great room, two extra bedrooms, a kitchen, and a second laundry room.

An aerial view of the house. 

21 Elm Ave. is listed for $7,500,000, down more than $1 million from its initial listing price of $8,695,000.