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A luxury home fashioned after the Palace of Versailles and on 2.4 acres in the upscale Bridle Path area of Toronto, will be sold at auction on April 16 through New York City-based firm Concierge Auctions. The property is currently listed for $13.98 million and will be sold during a live auction in co-operation with Barry Cohen, broker of the Barry Cohen Group at Re/Max Realtron.
The home at 40 Park Lane Circle, also known as the Bridle Path Estate, has 27,000 square feet of living space and is ready for finishing touches, says Concierge Auctions in a news release.
“This is a rare opportunity to own one of most outstanding properties in the Greater Toronto Area for your own bid price,” Cohen says. “Luxury auctions are making an impact as the best and most effective alternative to the traditional sales process. This has clearly caught on in the States. We expect a wonderful turnout on auction day for what can only be described as a one-of-a-kind home.”
Recently redesigned by architect Jacques Dinel of Dinel Design, with influences by Louis XIV and the Palladian styles of Europe, Bridle Path Estate makes a stunning first impression, the company says. Its exterior features custom-designed cartouches, friezes, emblems, two-storey fluted pilasters with projecting Corinthian capitals, ornate brackets and laurel leaf corbels. Elaborate rosette coffers adorn the front portico ceiling and 30-foot-tall Corinthian columns support the canopy.
The home has eight bedrooms, 14 bathrooms and a grand ballroom. Its master bedroom features double doors flanked by two Ionian columns, a fireplace, an elegant plaster ceiling and french doors to a private balcony, while the master bathroom includes heated onyx floors, roughed-in steam showers and a sunken Ultra whirlpool tub with a marble surround. The additional bedrooms, lower guest suite, nanny quarters and separate above-grade in-law suite (including living room, kitchen and provisions for a five-piece bathroom), all boast luxurious amenities including walk-in closets, fireplaces and ornate architectural adornments.
There is an office suite with a two-sided fireplace and separate board room – ideal for business meetings – in addition to a billiards room, a theatre and an indoor swimming pool. Outdoor amenities include an Olympic-size swimming pool and a tennis court.
Laura Brady, president of Concierge Auctions, says; “Toronto is a strong market, and, ranked by the Census as one of the most affluent neighbourhoods in Canada, the Bridle Path community is a crown jewel. We look forward to finding a new owner to make it ‘home’.”
The auction will be held live on April 16. The property will be open 1 to 4 pm daily and by appointment. Brokers are protected and encouraged to participate, the company says.
© 2015 REM Real Estate Magazine