A luxury estate formerly owned by a principal in the Edmonton Oilers hockey franchise has been listed for sale with an asking price of $7 million, according to listings that appeared this weekend.
The property, situated on a tri-lot parcel, overlooks the Whitemud River Valley and is in close proximity to the Derrick Golf and Winter Club. The residence, named after one of the former owner’s horse stables, is a four-story villa currently insured for $16 million.
Prospective buyers should anticipate significant ongoing costs beyond the purchase price. Monthly utility expenses are estimated at approximately $3,000, while annual property taxes, based on the latest city and provincial budgets, are around $77,000.
The listing, as reported by the Edmonton Journal and Yahoo News Canada, does not identify the former Oilers co-owner by name, but details the substantial financial commitment required to maintain the estate.
