The significant price drop expected to hit Toronto's real estate market in 2023 has already begun to have an impact on luxury homes in the region, as a massive Mississauga mansion just dropped its price by a staggering $15,000,000.

Reminiscent of the Palace of Versailles, 2275 Doulton Drive has been for sale for over three years.

When the home first hit the market in 2019, it came with a price tag of $50,000,000. As of December 8, 2022, though, the price has dropped to $35,000,000.

Billed as the "most iconic and legendary property" in Mississauga, the home offers more than 26,000 square feet of resort-like living space on a sprawling, 1.9-acre gated lot.

The breathtaking main floor, with its heated marble floors and 25-foot coffered ceilings, is ideal for entertaining.

A marble fireplace and stately arched windows can be found in the living room.

The spacious kitchen features stainless steel and integrated appliances, marble countertops, ornate cabinetry, and gold hardware. The nearly all-white space is juxtaposed by a large black island.

The breakfast area is situated in a rotunda, and walks out to a covered terrace.

There's a formal dining room as well, which features faux pillars, massive windows, and a fireplace.

The focal point of the home is the golden great room. The space features soaring 25-foot ceilings with exquisite plaster detailing and ample gold leaf.

A marble fireplace rises up to the ceiling at one end of the opulent room.

The great room leads into the hotel-inspired swimming pavilion, which in turn gazes out onto the property.

The basement contains the most enviable of amenities, including a nightclub.

The venue features mirrored walls, glittering chandeliers, and a wet bar. There are even velvet ropes, should crowd control be required, and professional venting for hooka pirates.

The home theatre has Lamborghini leather seats and a professional sound system.

With flooring made from recycled Nike soles and two sets of change rooms, the gym is akin to the most exclusive private fitness clubs.

There are six-plus-one bedrooms and 14 bathrooms throughout the home.

The primary suite features a cozy sitting area with a beautifully crafted fireplace, a large private patio, two ensuites with walk-in dressing rooms, and a beverage lounge.

The heated garage has space for over 15 cars, and there's parking for 10 more outside.

Interested buyers can check out the full listing here, or hold out for another $15,000,000 price drop.