Over the weekend, perspective buyers, the media and nosy neighbours turned out for the anticipated house auction in Mississauga. The house eventually sold for $6.2 million to a "mysterious" female buyer, over the anticipated selling price of $5.5 million. The 18,000 square foot estate is "arguably one of the best homes ever built in Mississauga," claims the real estate agent but buyers didn't seem to agree. The seven-bedroom house with a crazy eight-car climate-controlled garage and a European car-lift system just couldn't sell for $11 million and later went on the auction block. The property received much media attention but not all positive—the realtor taking some heat after his listings photos were speculated to be photoshopped (the photographer denied the accusation). In any case, live auction tweets by City Hall Reporter, Daniel Dale, provided excitement and confirmation that realtor Sam McDadi looks spiffy in sock protectors.
There is something fun about people about to bid millions of dollars of something while wearing their socks. No shoes inside.
— Daniel Dale (@ddale8) January 26, 2014
I am here at the auction of an 18,000-sq-foot Mississauga house. More than 50 people here. $25,000 to register.
— Daniel Dale (@ddale8) January 26, 2014
The auction begins with some jewelry. There were some things I've never heard of, and now a diamond ring that goes for $900.
— Daniel Dale (@ddale8) January 26, 2014
Now beginning to auction the house, which they say has a $400,000 eight-car garage, $250,000 worth of heated cobblestone, and so forth.
— Daniel Dale (@ddale8) January 26, 2014
The auctioneer was not thrilled with the sale price. He suggested that the competing bidders join forces and move in together.
— Daniel Dale (@ddale8) January 26, 2014
Mississauga house sells for $6.2 million, less than it cost to build, $4.8 million under its former listing price.
— Daniel Dale (@ddale8) January 26, 2014
· Mississauga Manse That Couldn't Sell for $11M Now on Auction [Curbed Toronto]
· Realtor in Hot Water After Alleged Photoshopped Photography [Curbed Toronto]
· Château de Vaughan Has a Ferrari Room [Curbed Toronto]
· Extreme Makeover for Bridle Path Mansion [Curbed Toronto]
· Mississauga Auction Photo [Twitter/@ddale8]