Edgemere Estate, Canada's Most Expensive House

A reader tipped us to this house a while back and now a Toronto Star article gives us a few more details on Canada's most expensive house. Edgemere Estate in Oakville is selling for $45 million Canadian (around $40,643,055 US).  The home on Lake Ontario offers 32,000 square feet of space.  The nine bedroom house was originally built in 1907 and also has a two-story guest cottage. Details include a spa area with sauna and therapy rooms, a 20-seat home theater, a children's playroom and 17 bathrooms.

How much will it really sell for? The article points out that last year former Microsoft Canada president Frank Clegg sold his waterfront house for around $25 million (he was asking $29 million) and prices in the millions are getting common in  the area. Still at $45 million this might be sitting on the market for a while. After all, Ballymema, which we profiled last year, is still on the market as is another Oakville estate we highlighted which was originally listed at $13.9 million and now sits listed at $12 million.

[Thanks, Sean]