Monday, 17 November 2014

Conrad Black lists a building lot for $7.2 million

Bridle Path area in Toronto is exclusive and opulent 
By Mark Schadenberg
Sometimes real estate terms are over-used such as unique, one-of-a-kind, opulent, spectacular or perhaps even the 'best-of-the-best' property.
What happens, therefore, when the best building lot in Toronto does become available? No matter the asking price, the value could be apparent as market value truly is defined as what someone is willing to pay for a parcel of land.
Currently, famed Canadian businessman Conrad Blank has listed a lot in his neighbourhood and it adjoins his private residence.
Black always seems to be in the limelight, including a current media book tour to promote his latest called: “Rise to Greatness: The History of Canada from the Vikings to the Present.” His history prose takes the reader back to the days of Samuel deChamplain and up to present time.


Globe And Mail photo
Black, who was born in Montreal and is now 71, was convicted of fraud in the U.S. back in 2007 and served more than three years in prison.
Besides his other ventures, Black has worked on severing off 2.8 acres from his Bridle Path property in Toronto. He will certainly retain the remaining 6.5 acres (approximately) and his Georgian-style mansion there.
Still known also as Baron Black of Crossharbour thanks to his position in Britain's House Of Lords (non-affiliated member), the Conrad Black 'building lot' property on Park Lane Circle is listed for a mere $7.2 million.
If you wander through www.realtor.ca in the GTA, you will quickly see several stunning (I think it's a correct description) homes, including three links I've included below in this Bridle Path enclave (another word I don't like). Recently, according to the Toronto Star story also attached here, one Bridle Path (Just south of the 401, and east off Bayview Avenue, but west of the 404 – or Don Valley Parkway) home sold recently for over $14 million.
A listing at 46 Park Lane Circle has an asking price of $16.9 million. I read the listing and the amenities are staggering, for this French chateau style 2-storey including 10 bathrooms, an 8-car garage, and found on a 4-acre lot with a ravine setting.
Everything is relative when analyzing GTA real estate and its buyers and sellers.
You must remember, at one time about 20 years ago, Black had controlling interest (Hollinger International) in over 400 publications.

LINKS:


REALTOR.CA

Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

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