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Kenauk – Largest Privately Held Property in Canada on Sale for $79 Million

Looking for wisely investing? Prepare $79 million and the largest privately held property in Canada and one of the few paradises on earth will be your. Kenauk, a 100 square mile, 65,000-acre property near Montebello, Quebec has been listed on sale for $79,183,315 by Sotheby’s International Realty.

Where to begin? This protected wilderness reserve located near the Ottawa River west of Lac Papineau, Quebec lays claim to over 70 private lakes each of them surrounded by forests and a nine-mile river.

Kenauk - Largest Privately Held Property in Canada
Kenauk – Largest Privately Held Property in Canada

A private and secure gated community has 13 well equipped chalets ranging from 200 to 4,000 square feet. There is also a private exclusive marina on a large lake with 28 miles of waterfront and five islands. The setting is perfect for fishing, hunting and other outdoor activities.

The Kenauk property is zoned for both commercial and residential purposes, and is now owned by Omers, a Canadian pension fund. But, it has a rich history as the land itself. The property was held by the Catholic Church before it was transferred to a notable politician, Joseph Papineau, who in turn sold it to his oldest son in 1817, who transformed it into an elite club. A resort was then built onto the adjacent property in 1930.

In 1999, the Canadian Pacific Hotels purchased the land and merged it with the Fairmont Hotels. Finally, in 2006, the hotelier sold the estate to the Ontario Municipal Employees Retirement System private pension fund.

The rest you know – it can now be your!

Kenauk - Largest Privately Held Property in Canada
A 65,000-acre property near Montebello, Quebec, has gone on the market asking $79 million

 

Kenauk - Largest Privately Held Property in Canada
Kenauk represents a unique investment opportunity to acquire one of the largest and most pristine, privately held parcels of land in Canada and North America
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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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