Prestigious offering on a coveted Banbury court, set on a 14,003 sq. ft. pie-shaped ravine lot directly across from the Bridle Path estates. The lot widens to 142 ft. at the rear and allows for a full ground-floor walkout. Included in the sale are fully approved permits: Building Permit, TRCA Permit, HVAC Permit and Demolition Permit, along with architectural plans for an 8,400 sq. ft. modern residence (5,762 sq. ft. above grade plus full ground floor). A Federal elevator has been ordered and the deposit paid. The approved design features 9 and 10 ceilings, a 2,638 sq. ft. main floor with a two-storey family room, formal dining room, state-of-the-art kitchen and breakfast room with terrace walkout, music room and mudroom, all overlooking the ravine. The second level includes a master suite with balcony, two walk-in closets with skylights, a five-piece ensuite, three additional bedrooms with ensuite bathrooms, a library and laundry room. The lower level includes walkouts to the ravine, a recreation room with bar and media area, playroom, large office with separate entrance, exercise room with sauna and spa, a fifth bedroom with ensuite, powder room, utility and cold rooms. An existing sprawling 1960s bungalow in mint, livable condition currently occupies the site. The location is steps to Edwards Gardens, Toronto Botanical Garden, Rosedale Golf Club, Banbury Community Centre, tennis courts, Sunnybrook Health Sciences Centre, York University Glendon Campus and the Shops at Don Mills, with quick access to the Don Valley Parkway and Highway 401.All permits in place. Full package of documentation available upon request. The description is of the home to be built by the buyer. Please note that room measurements describe the existing bungalow in mint condition