Ritchies Auctioneers says in a statement the "trusted" owner had told them Cherry previously owned the home in Mississauga, Ont.
Cherry took to Twitter Tuesday to say he never lived there, calling the auction house "liars" and saying it was "pretty low" to use his name to sell a home.
The television personality called it "ridiculous" for anyone to think he would live in a 975-square-metre (10,500-square-foot) home.
Ritchies issued a retraction and removed any mention of Cherry from the listing for the mansion — up for bid Aug. 17.
The home is described as having five plus three bedrooms, 12 bathrooms, a tennis court and a pool on a hectare (2.5-acre) lot overlooking the Credit River ravine.