Mining executive Robert McEwen is selling his Rosedale mansion for $27.5 million

Mining executive Robert McEwen is selling his Rosedale mansion for $27.5 million

10 Highland Avenue. Image from Google Street View

It should come as no surprise that the owner of one of Rosedale’s largest and most expensive mansions is a guy who literally mines gold. Robert McEwen is the chairman of McEwen Mining, a Toronto-based company with mineral rights in a few places in North and South America. In 2015, the company reported $53.1 million in earnings. (Previously, McEwen was CEO of Goldcorp.)

Robert McEwen Robert McEwen.
 Image from Robert McEwen/Facebook

McEwen’s property at 10 Highland Avenue, which he bought with his wife Cheryl in 2003, went on the market late last week, with a list price of $27.5 million. The home, built by a previous owner in 1995, has 17,000 square feet of living space, including a two-storey entrance hall and a living room with a dramatic domed skylight. There are six bedrooms, and, according to the listing, the gardens take up almost an acre of land. The listing agent, Jimmy Molloy, wouldn’t comment because his clients hadn’t authorized him to speak with Toronto Life.

There are few comparable properties in Toronto, so it’s difficult to know whether the asking price is realistic. Robert Herjavec’s former Bridle Path home, a mansion even larger than this one, went on the market last month for a mere $18.8 million. Conrad Black’s Bridle Path mansion, also larger than the McEwen residence, reportedly sold for $16.5 million. But this property has something neither of those other places has: a location right in the middle of Rosedale, on a quiet cul-de-sac sandwiched between a park and a ravine. Even so, the McEwens will likely have to wait years for the right buyer—because most of us don’t own gold mines.