Toronto Mansion of former Newspaper Magnet Conrad Black Set For Auction

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Category: Real Estate

Published on Saturday, 27 February 2016 12:52

Written by Janet Walker

A grand and coveted historic Canadian mansion, privately located in Toronto's premier Bridle Path enclave, just 15 minutes outside of downtown Toronto, will be offered for sale at auction after 65 years of family lineage.

Former newspaper publisher and author Lord Conrad Black, a Canadian-born British citizen who once controlled the world's third-largest English-language newspaper company, will offer his primary residence through Concierge Auctions onMarch 8th.

An impressive 23,000-square-foot-plus of living space set on over 6.6 acres, built in six phases and extensively renovated over the years, 26 Park Lane Circle has never before been available for sale. In this much-admired and regal estate, Black has entertained many prominent guests including British royals, world statesmen and many well-known entertainers and cultural figures. With an estimated value of $21.8 million, the property will sell in cooperation with Barry Cohen of Re/Max Realtron Realty Inc. Brokerage.

Lord Black, whose newspaper group included the London Telegraph, Chicago Sun-Times, Jerusalem Post, and most of the large daily newspapers in Canada and Australia, said: "It is a big house for two people. We will be abroad a good deal, and moving to a more manageable home will be a convenience to us now as our careers have evolved. Auction is the best way to achieve this end, as it sets the timeline on what will be, in physical terms, a large relocation."

Crafted and constructed by famous international Architect Thierry W. Despont — who has been commissioned by other notable clients including Bill Gates, GianniAgnelli and Stavros Niarchos — 26 Park Lane Circle is a magnificent Georgian residence that has everything from an indoor pool and spa to a chapel consecrated by two Cardinals. Taking the term 'grand entrance' to a whole new level, the residence is located down a winding, romantic driveway set back from the road, nestled amongst the trees without another building in site.

Upon arrival, guests are greeted within the three-story foyer, complete with a grand staircase, impeccably detailed molding and an ornate chandelier. Offering endless options for entertaining, the estate is comprised of uniquely configured reception and living spaces where Black and his family have hosted Richard Nixon, Margaret Thatcher, Henry Kissinger, The Duke of Edinburgh, Sir Elton John, and many other prominent figures.

The house has an elegant formal dining room, dual sitting and dressing rooms, a two-story/two-room library, state-of-the-art chef's kitchen, a media room, billiard room, wine cellar and multiple working fireplaces throughout. Including the guest apartment and coach house, the entire property includes a total of nine bedrooms, 11 full bathrooms and four half bathrooms. There will be an unpublished reserve.

"Our firm has sold fine homes around the world, but this is one of the most extraordinary properties we've had the pleasure to represent," said Mike Russo, vice president of Concierge Auctions. "From the design aesthetic to the family history to its bevy of distinguished guests, 26 Park Lane Circle is a remarkable estate in one of Canada's most sought after neighborhoods. The chance to own here is rare and should be seriously considered by luxury buyers globally."

"26 Park Lane Circle is one of the largest residential parcels of land within the Greater Toronto area, nestled within arguably the best and most affluent neighborhood in Canada," said Cohen, who has also worked with Concierge on three successful sales in the neighborhood including 24 Park Lane Circle, also sold by Black on a reserve format last year. "Never offered for sale, this is truly a once-in-a-lifetime opportunity to owned a distinguished estate that is nothing short of incomparable."

Just a 15-minute drive from the center of downtown Toronto, 26 Park Lane Circle lies within the Bridle Path area – one of the most desirable residential neighborhoods in all of Canada, often referred to as "Millionaires' Row." Toronto is the metropolis of Canada and its commercial, financial, industrial and cultural center. Capital of its largest province, Ontario, it has one of the most diverse populations in the world, with more than 100 languages spoken. The metropolitan population in the Greater Toronto area is seven million people.

Concierge Auctions will conduct previews of 26 Park Lane Circle by appointment only. Brokers protected. See Auction Terms and Conditions for full details. For more information, call 212.257.5018.

About Concierge Auctions
Headquartered in New York City with additional offices in London and Austin, TX, Concierge Auctions is the dominant marketplace for buying and selling the world's finest properties. Since its founding in 2008, Concierge's business has spanned 32 US states and 11 countries, resulting in over $950 million in sales and many record-setting transactions. Concierge received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and has been named one of America's fastest-growing companies by Inc. Magazine for the past two years.