Why should you buy a condo ? Because Mulroneys are buying one

Mulroneys downsize: They’re selling their family home for new downtown condo

Royal Lepage HeritageThe double-height foyer lets plenty of light in to the house with its oversize window.

Former prime minister Brian Mulroney and his wife, Mila, have listed their posh Westmount home for $7.9-million because, like so many other Canadian empty nesters, they appear to be downsizing.

The septuagenarian, who was prime minister from 1984 to 1993, and his wife are said to be purchasing a condo at a new high-end project in downtown Montreal.

Royal Lepage HeritageThe dining room accommodates a very large table for entertaining large parties.

The five-plus-two-bedroom home with seven bathrooms, once owned by members of Montreal’s powerful Bronfman family, has a nanny’s room, library, exercise room and outdoor pool. Looks like all four of the Mulroney children would have had a lot of space to run around in.

GoogleThe traditional-style home is beautifully landscaped and maintained.

A “spectacular” entrance hall has a two-storey foyer window that is the centrepiece of the exterior architecture. The 15×21-foot dining room has floor-to-ceiling windows overlooking the back yard.

The formal living room, measuring about 21x 25 feet, has two sets of French doors leading to the patio and a woodburning fireplace.

“This home is for a buyer who seeks an elegant home and privacy,” reads the listing by Montreal society broker Marie-Yvonne Paint. “An elegant layout and spacious rooms sets it in a class of its own.”

Royal Lepage HeritageMost of the rooms have large windows on two or more walls, while woodburning fireplaces add to the cosy ambience.

The master bedroom takes up most of the second floor, with separate ensuite bathrooms, his-and-hers walk-ins and a study with a fireplace and a French door leading to a private balcony.

A spokesperson for the former Tory leader couldn’t be reached for comment.

The house, built in 1950, was purchased in 1993 by Mr. Mulroney’s wife under her maiden name, Mila Pivnicki, land registry documents show.

Royal Lepage HeritageThe formal living room is spacious enough to have several seating areas.

While the deed of sale lists a purchase price of $1, multiple media outlets have reported that the Mulroneys spent $1,675,000 on the home, along with an additional $700,000 on renovations. It appears that new owners will have to invest at least that on updating the decor. The Mulroneys are not including the draperies, chandeliers or sconces with the sale.

The gourmet kitchen has a centre island, two Sub-Zero fridges, a Thermador 6-burner gas range with double oven, plus an extra oven, two dishwashers and a walk-in pantry. It adjoins the breakfast room, pictured below. See the full listing here.

Royal Lepage HeritageThe breakfast room measures a generous 16.8×12.9 feet, with lovely dark wood floors.

Today, Mr. Mulroney, who will turn 75 next March, is a senior partner at the Montreal offices of the law firm Norton Rose Fulbright, and sits on the board of Quebecor Inc.

— with files from Postmedia News

Royal Lepage HeritageThe heated cement pool was positioned to catch as much sunshine as possible on this heavily treed private lot.

Source: http://life.nationalpost.com/

BRIAN and MILA MULRONEY LIST THEIR WESTMOUNT HOME

The house belongs to former Prime Minister of Canada Brian Mulroney, and his wife, Mila Mulroney.

According to the Globe and Mail, the Mulroneys bought this house in 1993 for $1,675,000. But according to Huffington Post that posted the house 3 days ago, the couple bought the house for $1,000,000 and put in $700,000 in renovations.

It is currently evaluated at $4,100,000 (probably not too far off).

And not only did the Mulroneys do renovations over the last 20 years, a lot of attention and care was put into this house because this house is….

As in……this house is DONE.

Top to bottom.

As in…..it is REALLLLY decorated.

There are lots of fancy fabrics, and curtains, and lamps, and books, and lot of art like this sweater…

Kind of weird for a gym, no?

This is a 5+2 bedroom and a 5 bathroom house.

It has a pool, a playroom, a gym, a walk-in commercial fridge, and apparently a safe in the basement.

But what does this mean?

‘Fireplaces and chimneys are sold without legal warranty with respect to their compliance with applicable regulations and insurance company requirement.’

That doesn’t sound good.

This house is listed at $7,950,000.

Which could explain the 25 Av. Forden price drop! Especially considering that this house has more than 3 bathrooms!

But will either sell that high?

Since none of those curtains or chandeliers or sconces are included, and they alone probably cost about $1,000,000…

I would say most likely not.

It will probably won’t sell as low as the evaluated price, but I would say that it will sell closer to the evaluated price than the current asking price.

And in case you are wondering why the agent included a listing shot of the front of the house with all the gardener’s tools above, there was no shot of the front of the house so that photo came from Google Street View.