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Canada's Consul General's NYC Apartment Sells for $8.05M
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Canadas Consul General in New York City Sells Park Avenue Residence for $8.05 Million
The former residence of Canadas consul general in New York City, located on Park Avenue, has finally sold after being on the market for nearly two years. The property, which was initially listed for $9.5 million, was sold for $8.05 million on May 11th, according to some real estate sites. The sale comes after the Canadian government confirmed an offer in March and decided to sell the property due to the need for major renovations estimated to cost millions of dollars. The government had also purchased a new luxury condo in Toronto for $9 million, which sparked international headlines and criticism for being a wasteful splurge. The old Park Avenue apartment, which was bought in 1961 and last updated in the 1990s, had accessibility issues and lacked a clear separation between living and working areas. The new condo, located in a super-thin skyscraper, was argued to save taxpayers money in the long run.
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