Former newspaper baron Conrad Black has put his family residence in Toronto up for auction. Located at 26 Park Lane Circle, the prestigious Bridle Path neighbourhood is sometimes called Millionaire’s Row and is home to some of the most expensive real estate in Canada.
The property, that includes a caretaker suite and a converted coach house, originally built by Black’s father, George Montegu Black, a former president of Canadian Breweries, and has been in the family for 65 years. The auction will have a reserve price, though Concierge Auctions said they would not disclose it.
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According to National Post, the 23, 000-square-foot mansion, on a 6.6-acre lot, will hit the auction block on March 8, and carries an estimated value of $21.8 million.
The nine-bedroom property has as well as 11 bathrooms and four powder rooms and features a two-storey library, an indoor swimming pool with skylight, a carved granite Jacuzzi and a copper-domed chapel consecrated by two cardinals.
The Black’s house was built in six stages and has undergone extensive renovations by New York architect Thierry Despont, who has also designed and built homes for Calvin Klein, Bill Gates and the late Greek shipping tycoon Stavros Niarchos.
“It is a big house for two people, ” Black said in a statement released by Concierge Auctions, the New York City auction house that will handle the sale for him and his wife, journalist Barbara Amiel.
Black has entertained many high-profile guests at there, including Margaret Thatcher, Richard Nixon, Elton John and Prince Philip, the Duke of Edinburgh.
Toronto real estate agent Barry Cohen is handling the sale in partnership with Concierge Auctions.
