Gadsby Lake Estate that includes Gadsby Lake Residence and Pelican Lodge (pictured) in Lacombe County is on the market for more than $15M. Photo via

$15 million central Alberta mansion still on market

One of the most expensive Lacombe County residences is still on the market.

The 21,921-square-foot mansion, called Gadsby Lake Estate, looks out on Gadsby Lake in central Alberta, north of Red Deer and south of Ponoka. The property sits on close to 300 acres of land.

The mansion consists of a private residence and the nearby Pelican Lodge, with a price of $15.4 million. It boasts an indoor swimming pool, gym, garden, tennis court and a nine-hole golf course.

Mark D. Evernden, a real estate adviser with Engel & Volkers, said the property has been on the market with the company for about a year, and was on the market before that, with previous realtors.

Evernden said properties with such a high listing price take a lot of time to sell.

“Not a lot of people are hanging out with $15 million in their pocket,” said Evenrden, with a chuckle.

It took Evernden about three and a half years the last time he sold a property with a similar value, south of Calgary.

Although the property hasn’t been sold, it’s getting attention from Western Canada, as well as overseas. People who would be interested in such a mansion would be entrepreneurs and businesspeople, Calgary-based Evernden said.

The residence and the lodge are on the market together as well as separately.

The residence features 140 picturesque lakefront acres, seven bedrooms, eight half bathrooms, five full bathrooms, and a total surface area of 10,957 square feet.

The property offers more than 16,300 square feet of living quarters. The spectacular view of Gadsby Lake can be enjoyed from most rooms, including the grand living space offering seven fireplaces, a library, several sitting rooms, formal dining and living rooms, wine room, party room, games room, film room and atrium with an indoor swimming pool.

The lodge features the golf course, five pristine ponds and more than three kilometres of paved pathways and mature trees.

The lodge is a showplace for grand-scale entertaining, the website states. It has nine bedrooms and 11 bathrooms. The manor remains partially undeveloped, the mansion website states.

The family that owns the property lives in Germany.

Back in the 1970s, the family was looking for a location by a lake, surrounded by pristine, unspoiled nature.

The residence was built in 1981, and the lodge in 2002.

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Gadsby Lake Estate that includes Gadsby Lake Residence and Pelican Lodge (pictured) in Lacombe County is on the market for more than $15M. Photo via

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