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Arson suspected after large fire at Toronto home listed for nearly $14M

WATCH: A $13 million new house up for sale burned to the ground Thursday in north Toronto. Video released by a neighbour show four men entering and leaving the house with gas cans. One hour later, the house went up in flames. Seán O’Shea reports. – Dec 15, 2023

Four people intentionally set fire to a Toronto home listed for sale for nearly $14 million, police say.

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Officials said the fire broke out at around 6 a.m. Thursday on 27 Dempsey Cres., near York Mills Road and Bayview Avenue.

A spokesperson for Toronto Fire said crews encountered a large three-storey home engulfed in flames and that the roof had caved in.

Homes on either side of the affected home were searched and there were no injuries, fire officials said.

According to Realtor.ca, the home is currently listed for sale on the market for $13.8 million. It has been on the market since October.

Images from the scene show a for sale sign on the front lawn of the home.

In an update Thursday evening, Toronto police said the fire is being treated as an arson.

Police said four people arrived at the home in a dark-coloured Mercedes sedan and parked in the driveway.

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One of the images of the suspects released by investigators. Handout / Toronto Police

They were all wearing dark-coloured hoodies, face coverings, gloves, dark pants and dark footwear, police said.

They got out of the car and went to the back of the home while carrying red jerry cans, police said.

They then allegedly set fire to the back of the home and ran back to the car.

Police said the car then left in an unknown direction.

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Anyone with information on the incident was asked to contact police or Crime Stoppers.

Large fire breaks out at a home on Dempsey Crescent in Toronto on Dec. 14, 2023. Enzo Arimini / Global News
Large fire breaks out at a home on Dempsey Crescent in Toronto on Dec. 14, 2023. Enzo Arimini / Global News
Large fire breaks out at a home on Dempsey Crescent in Toronto on Dec. 14, 2023. Kayla McLean / Global News
Large fire breaks out at a home on Dempsey Crescent in Toronto on Dec. 14, 2023. Global News
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