The green and white Tudor mansion on Groat Ravine was built back in 1912 and was recently sold to a man who plans to keep it up!

EDMONTON — A 1912 Tudor mansion in Groat Estates with no heritage home protection has been sold to a man likely to keep it up, the selling real estate agent said Sunday.

“I’m just pleased it’s going to a good home,” Brian Vane said.

“The individual that purchased the property, he did his due diligence. He’s prepared to take the property back up to its original glory.”

The stately green-and-white, 7,000-square-foot mansion at Villa Avenue and 127 Street sits on the edge of Groat Ravine. The Villa is filled with Victorian-style antiques and still has drawing room walls covered in silk grasscloth with the original chandelier and fireplace mantel piece.

Despite its history — rare for “young” Alberta — the house sat on the market with no takers for two years.

The man bought it for $1.45 million, Vane said. He also paid between $50,000 and $150,000 for the antique furnishing, he said. The deal closed Friday night. To beat another offer from a young couple, the eventual buyer waived financing and an environmental assessment, Vane said.

The buyer could not be reached for comment on Sunday.

He has a family, Vane said, and they plan to live in the house, which requires at least half a million dollars in upgrades for the kitchen, the roof and its electrical system.

While living there, the man may turn the home into a bed and breakfast, pending discussions with the city. The house is even equipped with period intercoms, dumbwaiters and burglar alarms in the window frames. This is a pleasing possibility, as the home could have gone to someone wanting to demolish it, Vane said.

“You can’t create history and leave a legacy for younger people without leaving these properties,” Vane said.

“There’s not enough of that around Edmonton.”

Read more at http://www.edmontonjournal.com/business/real-estate/Historic+Edmonton+mansion+sold+family+could+used/11277456/story.html

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