With no more than $4 million in its bank account, the owners of an Ontario antique house have finally decided to sell it.
The house at 2700 Queen St. S., formerly home to a French family, was purchased in 2008 by a former tenant of the property, who wanted it for his art collection.
But after several renovations and a remodel in 2012, the property’s owners are now selling it to a developer.
The former tenant has sold the property for about $4.5 million, according to the Toronto Real Estate Board, which owns the property.
That makes it the most expensive sale for an antique property in Canada since 2013.
“We are extremely happy that the former tenant, who has not been compensated, is willing to sell the house at this very reasonable price,” said Michael Hennigan, who was vice-president of marketing for the real estate board when the sale was announced.
The sale includes a 10-bedroom, 1,000-square-foot home on the property that was originally valued at $2.2 million.
That home is being marketed for $2,739,000.
It also includes an 8-bed, 1-bathroom home on one of the properties that was previously valued at more than a million dollars.
The auction is set for Oct. 25.