A famed French chateau-style home in Toronto has the hit the market for C$35 million (US$27.7 million), making it the second-priciest listing in the country.
The home was built in the late 1980s for late Canadian real estate mogul Robert Campeau, who once took over Federated Department Stores, the owners of Bloomingdale’s. After decaying under years of neglect, Campeau sold the home, located on the Bridle Path, in 2002 to the current owners who oversaw a meticulous renovation, according to the broker.
“His vision was a French chateau, reminiscent of the Loire Valley of France from the 17th century. [Campeau] took it to a point to which he passed the baton to the new owners, who then authenticated the house, added character,” said listing agent Barry Cohen.
Some of the details added by the current owners include golden faucets, solid marble fireplaces and furnishings from the French Revolution era. The home was listed in 2014 for C$25 million (US$19.8) but was relisted this week at the higher price.
“The home is iconic in its delivery. It is in probably one of the most prestigious neighborhoods in Canada, which is called the Bridle Path area,” Mr. Cohen said. “Its land offering is unique because it is four acres, making it one of the largest properties in the Bridle Path area.”
The home is the second-most expensive listing on the market in Canada next to a C$37 million (US$30 million) property in British Columbia, according to listings on realtor.ca. However, it is the most expensive standalone home.
The stone 10-bedroom house has 14 baths, a 50-foot indoor pool, four acres of lush ravine grounds, a four-car garage and 40 parking spaces. It’s appeared in film and television shoots, included on an episode of the USA series “Suits.”
Mr. Cohen attributed the price to the fact that the Toronto luxury market has seen an acceleration, and that a primary focus will be the international market, in particular buyers from Asia.
“If you took it to the international market and said, ‘Hey, what do you get for $35 million in New York, in China, in Europe?’, that pales by comparison,” he said.
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