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Real Estate News

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

By Jonathan Forani
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Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience
Listed At
$6,788,000
Sold For
$5,900,000

Address: 82 Wychwood Park
Neighbourhood: Wychwood Agent: Richard Silver and Rizwan Malik, Sotheby’s International Realty Canada, Brokerage Previously sold for: $790,000, in 1984      

The property

A historic century-old mansion in the private Wychwood Park enclave.

The history

The home was built in 1915 for Sir William Gage, an entrepreneur and philanthropist. The sellers are a husband-and-wife historian team who have led award-winning conservation work on buildings throughout Toronto, including the city’s first post office. They lived here for more than 30 years.

The entry is a rotunda:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

There’s a central atrium with plenty of space for a piano:

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Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

The living room has some elaborate plaster work on its ceiling:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

And the library has a little trompe l’oeil going on:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

According to the agents, this skylight dates from the 1850s and was salvaged from a home that was expropriated to make way for Pickering Airport:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

Large dinner parties are no problem in this house:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

Here’s the kitchen:

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Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

A curved staircase leads to the upper floors:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

The master bedroom has a private balcony:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

Here’s the master ensuite:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

And here’s one of the third-floor bedrooms:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

And the third-floor bathroom:

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Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

There’s a home theatre in the basement:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

The house has a pretty okay backyard:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience

And there’s a colonnade:

Sale of the Week: The $5.9-million Wychwood Park home that proves selling a mansion takes patience
The fate

The buyers are a young couple from Toronto who plan to customize the home to their tastes, while maintaining its historic details.

The sale

The home had been listed and re-listed previously by another brokerage in 2016 before the current listing agents took over last year. There was interest from buyers who wanted to convert the enormous home into office space, a seniors’ facility or a rehab centre, but the sellers decided to wait for a taker who wanted to preserve the structure. After meeting with the buyers, the sellers accepted an offer for more than $3 million under the 2016 asking price.

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By the numbers

• $5,900,000 • $27,000 in taxes (approximately) • 12,425 square feet (including the basement) • 10 parking spaces • 9 bathrooms • 9 bedrooms • 2 years on MLS

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