Canadian Estate on Sale for $79 Million
July 15, 2013 - Quebec
A 65,000-acre property near Montebello, Quebec, has gone on the market asking $79 million.
Called Kenauk, the Canadian property is about a 50-minute drive from Montreal and Ottawa.
It has 13 log cabin homes ranging in size from 2,000 to 4,000 square feet, 70 private lakes and a private marina that serves the property's largest lake, Lac Papineau. That lake has 28 miles of waterfront and five islands.
A roughly 9-mile river runs through the property, which is a protected wilderness reserve. No outside guests can enter the property for hunting or fishing; the owner retains the right to conduct both activities.
The Kenauk property is zoned for both commercial and residential purposes. It is owned by Omers, a Canadian pension fund.
Oxford Properties Group, the real-estate arm of Omers, bought Kenauk seven years ago in a deal to acquire the Fairmont resort portfolio. The deal also included the Fairmont Le Château Montebello, a hotel 2 miles away.
Herbert Ratsch of Sotheby's International Realty Canada shares the listing with Robert MacDougall of Jones Lang LaSalle.
blog, most expensive, Estate of the Day, most expensive properties