It might be a sign of the economic times but even a luxury property like the mansion featured on CBC’s award-winning and long-running series Schitt’s Creek just sold below asking! Now don’t be mistaken, this gorgeous french chateau-inspired property still sold in excess of $15 million dollars, however, it took multiple attempts to get this substantial bid.
The luxury market in Canada has continued to be steady, despite the more recent steep decline in overall real estate activity. According to Lauren Haw, CEO and Broker of Record at Zoocasa, “the pockets and neighbourhoods that are more expensive and where homes turn much less frequently are still seeing multiple offers. Sometimes the multiples might go slightly under asking but it just shows that interest is there”. This property on Fifeshire Road in the affluent St. Andrews Park area in Toronto had fewer offers and sold more than $2.6M under asking. The ultimate price tag was a far cry from the original price point laid out in 2018 for over $21M. The time to sell took nearly 4 years – now that is seller patience! This home, however, may be as unique as its selling journey.
This opulent property featured as the Rose Family’s wealthy homestead in the CBC series premiere has amenities to spare! According to the listing brokerage, HomeLife/Vision Realty Inc., “this 24000 sq. feet residence combines old artisanship with (the) very latest of 21st century state of the art luxurious amenities, foyer, marble stairs, breathtaking balustrades and ceiling motifs will transfer the visitors to 19th century France”. In addition to the timeless decor, the home features 9 bedrooms, 16 bathrooms, 2 pools, a billiard room, fitness centre, wine cellar and room for all your friends and family to park 14 vehicles. The new owner will definitely be the host to remember in this unforgettable property!
Click here to see more photos of the “Rose Family” Mansion.
