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Edmonton’s largest show home looks to attract new generation of buyers

WATCH ABOVE: A multi-million dollar show home in Edmonton is getting a lot of attention. As Aaron Streck reports, the builder is hoping to attract a new generation of buyers.

Edmonton – An Edmonton home builder is hoping to quite literally open the doors to a new generation of high priced home buyers with the most lavish show home Edmonton has ever seen.

The house isn’t like any other on the market. It’s the largest show home in Edmonton’s history.

It also comes with one of the highest price tags the Edmonton market has ever seen, all this despite a deep economic downturn across the country.

“I never had the economy in mind when I wanted to build the biggest showhome in Edmonton. I just wanted to create something that Edmonton has never seen,” Sunny Sahni, Platinum Signature Homes, said.

The almost 13,000 square foot luxury home comes with everything you can imagine, at a price tag of $6.2 million.

The move in ready home features six bedrooms all with walk in closets, nine bathrooms, a roof top patio, yoga studio, theatre room, two bars, HD golf simulator and entrance water feature.

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Named after a mountain range in India, Araylia is the largest home Sunny Sahni has ever built. Construction of the behemoth structure started in the summer of 2014 and took over a year and a half to complete.

The Realtors Association of Edmonton says more and more multi-million dollar homes are being built in Edmonton.

“If market values were the same today as they were 10 years ago, that house could easily have seen seven, eight, possibly $10 million, who knows it could have [got] multiple offers. That was the order of the day at the peak of the market back in 2007,” Steve Sedgwick, Realtors Association of Edmonton and Realtor, said.

According to MLS, in the last 10 years the nearly 750 single family detached homes on the market ranging between $1 million and $2 million took an average of 72 days to sell. The 45 $2 million to $3 million houses for sale took about 90 days. The properties in the $3 million to $4 million range took 130 days and homes priced at $4 million and higher sold in just over four months.

The market is there for those who want to spend even during a downturn in the economy and the low Canadian dollar.

“I’ve just been making a wish list for this home. I was marking down all the things I really wanted to purchase; with the Canadian dollar it wasn’t easy, that was very challenging. I was not only paying the exchange but shipping and the duties, so everything was costing me at least double or maybe even more than double,” Seema Sahni, Sunny’s wife and Flaunt Interiors, said.

Despite taking a big risk with Araylia, the Sahni’s have already found huge reward in completing this luxury home, so much so that they plan on going bigger with their next project.

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There has been interest but there haven’t been any offers in the short time the home has been on the market.

One Edmonton builder has opened the doors to Edmonton's largest show home with the hope of attracting a new generation of buyers - even in the midst of an economic downturn.
One Edmonton builder has opened the doors to Edmonton's largest show home with the hope of attracting a new generation of buyers - even in the midst of an economic downturn. Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News
Aaron Streck, Global News