At $59 Million, This Oakville Mansion Is Canada’s Most Expensive Residential Property

The ‘Crown Jewel” on Lake Ontario is for sale, and with an asking price of $59 million, it’s currently Canada’s most expensive residential property – according to MLS. Chelster Hall is the massive country estate of retired beer company executive Hugo Powell. It was designed by Oakville architect William Hicks, and named after the Powells’ golden retrievers.

Hugo Powell spent many of his early years in Britain before getting into the beer business, becoming president of Labatt Brewing Co. Ltd. in Canada and later CEO of Belgium’s Interbrew SA, one of the world’s largest brewers.

The opulent estate was designed with entertaining in mind, with Hugo and his wife Tracy hosting business dinner parties, charity fundraisers and gatherings of family and friends. It sits on 10 acres of waterfront property. The house itself measures 43,850 square feet. There are 6 bedrooms, 13 bathrooms, a Tuscan wine cellar, gym, indoor and outdoor pools, pool house with kitchen, and even an 800 square foot chapel, located on the grounds.

Only a “very finite number” of potential purchasers with a net worth of more than $200 million could afford it, say the representatives of Sotheby’s International Realty Canada. With a down payment of $11.8 million, monthly carrying costs would be roughly $257,300…

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