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Mississauga mansion sells for $6.2M

An 18,000-square-foot mansion in Mississauga that was originally listed for $11 million has been sold for just over half price.

The four-storey Saxony Manor was auctioned off by Ritchies on Sunday.

The winning bidder scored the 23-room property for $6.2 million.

French chateau-inspired, residence with 10 parking spaces sits on a premium lot at 2290 Saxony Ct. adjacent to a ravine and the Credit Valley Golf and Country Club.

It boasts mahogany doors from Honduras, Crema Marfil marble tiles from Spain, coffered ceilings and a floor-to-ceiling, hand-carved marble fireplace mantle.

Both Ritchies and listing agent Sam McDadi said the home was owned by the builder, Ambassador Fine Custom Homes Inc., to showcase what the company can offer. Khan said Ambassador has since built three similar homes in the $5-10 million range and is completing a fourth one.

The home was originally put up for sale three years ago but there were no takers so the owner decided to put it up for auction.

The identity of the winning bidder has not been revealed.

Click the video below for a tour of the home