A $1.8-million offer for a historic Pemberton Road mansion in foreclosure has been accepted in B.C. Supreme Court.
Malcolm and Alison McLeod of Victoria were the successful bidders with their $1.826-million offer for 906 Pemberton Rd. The couple beat out one other offer. Sealed envelopes with final offers were given to the court Thursday.
The amount of the other bid was not announced in court.
Last month, an offer of $1.6 million was accepted by the creditor, the Bank of Montreal. In such cases, offers can be accepted prior to court appearances. On the actual court date, competing offers can come forward. Potential purchasers can boost their accepted offer and others can try to beat them out.
Offers go into sealed envelopes and are presented in court.
The Pemberton Road property is a stately 1910 Samuel Maclure-designed house, known as the Grierson Manor. It has six bedrooms and six bathrooms and looks over a large lawn to the street. It consists of two strata titles and has townhouses behind it.
Features include leaded and stained glass windows, beamed ceilings, oak floors, ornamental crown moulding, period wall sconces and tiled fireplaces. It was owned by Dayrick Pty Ltd., which as of December 2015 owed $1.88 million on its mortgage.
Real estate agent Andy Stephenson took a novel approach to the listing by staging an auction for the property, preceded by weeks of open houses last year. Although it attracted attention, it did not result in a sale.
