After more than 14 months on the market, Edmonton’s historic Magrath Mansion has been sold.
Contacted Wednesday, Cheryl Watt, an associate with Re/Max Excellence, confirmed the property has new owners but wouldn’t say the selling price or name the buyer. The Ada Boulevard home was listed for sale at $5.2 million in May 2020.
The mansion has been a centrepiece of the Highlands community since it was built in the early 1910s. Designed by architect Ernest W. Morehouse and built by William J. Magrath, it was declared a provincial historic resource in 1975.
The three-storey home covers five municipal city lots and overlooks the North Saskatchewan river. It has six bedrooms and five bathrooms. The 2020 ad listed other amenities including a three-car detached garage with a lift, five gas-insert fireplaces, a fully finished basement, and three full kitchens with gas stoves.
It was previously owned by Nellie and Sid Braaksma who bought it in 2000 for $675,000, although it was listed for $2 million. The owners previously told the Edmonton Journal they hoped to restore the home to its former glory.
Initially built with a ballroom, billiards chamber, and indoor swimming pool, the home was designed for entertaining and often hosted Edmonton’s elite when it was first constructed. The property boom that gave Magrath riches eventually went bust, and his wife surrendered the home to the city for back taxes by 1931.
It sat vacant until 1937 but then became a rooming house. The Ukrainian Catholic diocese bought the house around 1950. The dining room was converted into a chapel and indoor pool was used for file storage over the years.
The Highlands Historical Foundation said last year the home and garage cost about $76,000 in 1913, which would be worth about $2 million today with inflation.
– With files from Jeff Labine