Chelster Hall in Oakville, Ontario (a bedroom community of Toronto) was originally listed at a whopping $65-million, which officially made it the most expensive home for sale in Canada! Unfortunately, the home was taken off the market and then brought back out by Sotheby's International at a lower price: $59,000,000.
It may no longer be breaking any price tag records, but it's gaining a different sort of notoriety as a "hard sell", given it's seat at top of Canada's luxury real estate market. “It generally takes a couple years to sell. It’s a combination of patience and ultra-targeted marketing,” assures Paul Maranger, of Sotheby’s International Realty Canada, in this recent article by the Globe and Mail: "This Oakville Property May Be The Hardest House To Sell In Canada".
After over a decade of residing in this magnificent home, ex-CEO of Interbrew, Hugo Powell and his wife Tracy, are ready to begin a new chapter in their lives. The $65-million asking price is purportedly justified, as the homeowners carefully considered construction costs, land value, and the commitment to quality both inside and out.
Not only is the home stunning, the view is also spectacular! Located at 1150 Lakeshore Road E, the property sits along the shores of Lake Ontario.
The home is also about a half-hour drive, in the best of circumstances, from downtown Toronto.
The home fully embraces history as a concept. Not only is the home said to be inspired by the beautiful Jacobean architecture of Blickling Hall in Norfolk, but this impressive estate incorporates a two-storey library as well, which holds over 3,000 books. I feel the love and respect for history truly emanates through the halls of this home.
Chelster Hall also features awe-inspiring amenities such as an indoor and outdoor pool, bowling alley, home theatre, a 12-car underground parking garage, and a massive wine cellar, large enough to hold 7,000 bottles.
Even though Chelster Hall was built to operate as a home, the Powell’s see amazing potential in their property. They believe that it could be transformed into a commercial space, such as other landmarks throughout Ontario.The possibilities of what could become of this luxury waterfront property are truly endless.
According to the Globe, "the two most expensive houses to trade hands in Ontario in the past two years went for less than half of Chelster Hall's asking price. In 2016, 15950 Weston Rd. (a 14-room house on 40 hectares of forest in King Township north of Toronto), sold for $21.9-million, $3-million below the $24.9-million asking price. In June of this year, mining executive Robert McEwen had to settle for $19.8-million for his Rosedale mansion on 10 Highland Ave. after initially listing for $27.5-million."
All Photos courtesy of: Chelster Hall
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Researched and Written by Hailey Hill, Interior Design student at Sheridan College.