Drake may have overspent on his luxurious Toronto and California properties.

Drake is famous for “Nice for What” and “Hotline Bling.” He also owns several stunning homes. Drake has owned multiple Toronto and Beverly Hills mansions over his music career, according to The Richest.

Drake isn’t the only affluent celebrity to spend milliоns on real estate, but he owned a home in Toronto, Ontario, showing his love for the city. Drake even appeared on Degrassi: The Next Generation as a child. Even wealthy celebs sometimes overspend on mansions. Check if Drake lost money on his magnificent houses.

Did Drake Overpay for His Homes?

Drake bought his first Yolo Estate house in 2012, according to Rethinkingthefuture.com. It’s huge at 12,500 square feet.

Drake spent milliоns on his Yolo Estate but made a lot, making it a successful business decision. The 2022 house sale earned Drake $12 million, according to The Sun. He did well since he bought the mansion for $7.7 million.

However, the rapper bought another California mansion. According to Fortune.com, Drake bought a Beverly Hills mansion in 2022. He added to his California real estate portfolio, but he didn’t plan to keep it long.

Drake may have overspent on his Beverly Hills home. There is no evidence that he sold this residence, and it’s uncertain if he will recoup his investment. House Beautiful said that the rapper offered his California property for $88 million in spring 2023. House Beautiful said Drake spent $75 million on the house. He loses a lot of money if he takes a long time to sell.

Whether Drake overspent on his Toronto home is more complicated. Drake bought a Park Lane Circle mansion for $6.7 million to demolish and rebuild, CNN said. The $100 million house measures 50,000 square feet, according to The Sun.

The Toronto real estate market has been strong for years, with houses selling for $1 million or $2 million. Toronto doesn’t have many $100 million residences. Drake may have trouble selling this home for that much (or at all).

Drake may stay in Toronto because he loves his hometown. Drake was interviewed by W magazine about Toronto in 2015, according CBC.ca. According to his comments, he has bought property in California but always desires a homebase in Toronto. Drake may stay this Toronto property because he worked and spent so much on it.