Edgemere, Canada's Most Expensive Estate Now Luxury Condos

Back in 2006 we covered the Edgemere Estate which was, at $45 million, the most expensive residential property ever to be listed for sale in Canada. Now the Edgemere property on Lake Ontario along the Oakville gold coast has a new life as a condo project. The Edgemere Private Residences will be 30 ultra-luxurious condominiums in 10 different buildings. Units will be one-level and range from 2,000 to upwards of 5,400 square feet.

Edgemere is a storied property dating back from the Arts and Crafts Architectural Movement and featuring many historical remnants that date back to the turn of the century. These include a stone wall that defines the northern border of the property, the estate's original boathouse and lighthouse, and a carriage house and stable. As the estate is transformed over the next few years, little touches will ensure that the original feeling of the property lives on. The elegant arches from the original greenhouse will be incorporated into a new greenhouse and the keeper's lodge will become a three-bedroom guest cottage.

Each home will offer direct access to either a large private lakeside garden or landscaped terrace and entryways are private with manicured gardens and stone walls. Inside homes have large principal rooms, multiple fireplaces, custom-designed kitchens, a library, wine cellar and spa style master bathroom. Ten inch thick steel reinforced concrete floors with acoustical separation between adjacent residences and ten foot ceilings offer a sense of privacy and spaciousness. The heated private underground garage has two parking spaces and is connected to the residence with a private stairway and personal elevator. Groundbreaking is scheduled for Fall 2010. Residences range in price from $2,595,000 to over $6,000,000.