Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-261724) of Scully Royalty Ltd. of our report dated April 29, 2024, with respect to the consolidated financial statements of the Company, which is included in this Annual Report on Form 20-F for the year ended December 31, 2023.

/s/ Smythe LLP

Smythe LLP

Chartered Professional Accountants

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Vancouver, Canada

April 29, 2024