BUSINESS

Winnipeg's Most Expensive Home Ever Hits The Market At $11 Million

06/06/2015 11:54 EDT | Updated 06/06/2015 12:59 EDT

Listing an expensive home is one thing. Selling it is quite another.

But the owners of a gated, European-steyle art deco mansion in Winnipeg must be optimistic. At $11 million, the gorgeous home at 1063 Wellington Crescent is the most expensive listing in the city's history, CBC News reported.

The home has been listed for almost $9 million more than the previous most expensive sale in the city ($2.2 million), and its asking price beats a record-setting $7.45 million property that later had to sell for less.

Check out photos of 1063 Wellington Crescent in Winnipeg:

Winnipeg's Most Expensive Home For Sale At $11 Million (June 2015)

Nevertheless, Re/Max realtor Glen Sytnyk called it a "bargain" in an interview with The Winnipeg Sun.

"[The current owners] have more invested in the home than they're asking," he said.

The property features 23,000 square feet of living space. Built in 2006, the house has six bedrooms, four bathrooms and beautiful outdoor and indoor pools, the latter with a skylight. There's also games and hobby rooms, a wine cellar and geothermal heating.

It rests on a tract of land that once belonged to Israel (Izzy) Asper, the deceased founder of CanWest Global Communications Corp.

A guest cottage on the property that overlooks the Assiniboine River is a holdover from when Asper and his wife Babs lived at the address.

Monthly mortgage payments for the home would cost $56,363.09 on a 30-year term with a five-year fixed interest rate of 4.64 per cent, according to the listing on Sytnyk's website.

That is, if you needed a mortgage to buy this place.

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