Close X
Tuesday, December 3, 2024
ADVT 
National

Toronto Tech Tycoon's N.B. Mansion Remains Unsold: 'There's A Buyer Out There'

Darpan News Desk The Canadian Press, 30 Nov, 2016 11:54 AM
    UTOPIA, N.B. — A multimillionaire Toronto technology entrepreneur has been so far unable to sell his one-of-a-kind, 10-bedroom Atlantic Canada vacation mansion, complete with private beaches, a custom go-kart track and a baseball field.
     
    Lorne Abony's mammoth Utopia, N.B., mansion has been on the market for nearly two years, and comes with a hefty price tag: $9.65 million.
     
    "You have to see it to believe it," said Fredericton-based realtor Scott MacTavish, who has been working to sell the luxurious property. "It's out of this world, as you would expect for a $9.6 million asking price. When you get there, it's like you're in another world."
     
    According to the listing, there are three homes on the property totalling about 27,000 square feet — the main house and two guest houses — and more than 100 acres of "unspoiled natural beauty" on Lake Utopia.
     
    It was built by Abony about four years ago in Charlotte County to have a getaway close to his wife's family, said MacTavish.
     
    Abony, 47, is a well-known technology and media entrepreneur from Toronto. He is the former CEO of Mood Media, which includes the onetime Muzak elevator-music business, and in 2004 became the youngest CEO of a listed company on the Toronto Stock Exchange.
     
    He eventually sold FUN Technologies for $484 million. He's currently the CEO of FastForward Innovations, Ltd.
     
    Abony, who was once featured on the CBS reality show Undercover Boss, also recently unloaded another mansion — this one in Florida. According to the Palm Beach Daily News, Abony sold the eight-bedroom 1950s-era Regency-style house for $9.64 million early last year.
     
    The publication reports that Abony and his wife divorced in 2014, and he took sole possession of the Palm Beach house as part of the settlement.
     
    His New Brunswick property is carved into a lush forest that surrounds picturesque Lake Utopia, located roughly 70 kilometres east of Saint John near the Bay of Fundy.
     
    Among its many lavish features are a baseball field, volleyball court, driving range, private beaches, playground, private dock and multiple tennis courts.
     
     
    MacTavish said Abony — an avid tennis player and owner of the California-based professional tennis team the Orange County Breakers — may keep a couple of tennis courts for personal use.
     
    "It's just a very magnificent property," he said. "We're hoping for that person who likes seclusion and privacy and wants a place to get away."
     
    It may be New Brunswick's most expensive real estate listing ever, and is currently one of the most expensive in the Maritimes. An ultra-modern, seven-storey, 11,000-square-foot home is currently up for sale on Halifax's Northwest Arm for $10 million.
     
    Potential buyers of the Utopia estate, of which there have been a couple, must be qualified to purchase the home. MacTavish conceded that selling a home worth more than many people would make in their entire lives is not an easy task, and can take upwards of six years.
     
    "It's not something that's expected to sell like a typical residential home and Mr. Abony realizes that," said MacTavish. "But we're confident there's a buyer out there in the world."
     
    He said he's now looking south of the border for potential buyers.
     
    "With the election results, we're hoping it will bring someone up who wants to get away and just relax and enjoy the beautiful Canadian countryside," said MacTavish. 
     
    But as for the reason Abony is selling the four-year-old home — MacTavish said that's confidential information.

    MORE National ARTICLES

    Former New Brunswick Youth Advocate, Politician, Picked As B.C.'s New Child Rep

    Former New Brunswick Youth Advocate, Politician, Picked As B.C.'s New Child Rep
    Bernard Richard, 65, was recommended Tuesday to take over the job by an all-party government committee searching to replace Mary Ellen Turpel-Lafond who held the position for a decade.

    Former New Brunswick Youth Advocate, Politician, Picked As B.C.'s New Child Rep

    Judge Asked To Stop Probe Into Suspended Police Chief Over Social-Media Conduct

    Judge Asked To Stop Probe Into Suspended Police Chief Over Social-Media Conduct
    VANCOUVER — A British Columbia Supreme Court judge is being asked to stop an external investigation into inappropriate online messages that Victoria's suspended police chief sent to the wife of one of his officers.

    Judge Asked To Stop Probe Into Suspended Police Chief Over Social-Media Conduct

    Delta Police Take To The Streets During The Holiday Season

    The Delta Police continue to make road safety a priority and are taking to the streets conducting counter attack roadblocks over the next several weeks as we come into the Holiday Season.

    Delta Police Take To The Streets During The Holiday Season

    Celebrating Multiculturalism Week In British Columbia

    Celebrating Multiculturalism Week In British Columbia
      The most ethnically diverse province in Canada, B.C. welcomes nearly 40,000 new immigrants every year. The cultural diversity this creates plays a vital role in the development of a strong and vibrant social and economic future for the province. 

    Celebrating Multiculturalism Week In British Columbia

    Appeal Denied For Man Who Tortured, Maimed, Starved And Assaulted Roommate

    Appeal Denied For Man Who Tortured, Maimed, Starved And Assaulted Roommate
    CALGARY — Alberta's top court has upheld the conviction of a man who tortured and starved his roommate and business partner before dropping him off near death at a hospital.

    Appeal Denied For Man Who Tortured, Maimed, Starved And Assaulted Roommate

    'It's A Betrayal:' Former Calgary Police Officer Charged With Kidnapping

    'It's A Betrayal:' Former Calgary Police Officer Charged With Kidnapping
    CALGARY — A former police officer is facing 11 criminal code charges that include kidnapping and obstruction of justice.

    'It's A Betrayal:' Former Calgary Police Officer Charged With Kidnapping