Grand Canterbury mansion for sale again

Shrublands is expected to sell for nearly $40 million.

Grand Canterbury estate Shrublands has been relisted two years after it sold for a heavily discounted price.

The Canterbury site spreads 6501 square metres.

On 6501 square metres, the imposing nine bedroom Italianate mansion at 16 Balwyn Road carries a guide of $37-$39 million.

Anything around that range would reflect a major windfall for the vendor, businessman Ali Ali, who outlaid $29m in March, 2021 – a significant drop on the initial $42-$46m asking price.

Not long later, family members are speculated to have acquired an ex-nursing home next door, 14 Balwyn Rd, on 3745 sqm, for just over $8m.

Kay & Burton’s Sam Wilkinson, Jamie Mi, Gerald Delany and Ross Savas have the listing.

Shrublands

Developed in 1863, and originally a vineyard, Shrublands underwent a major renovation and extension between 2016-2019 by then owners, Michael and Anne Williams, who sold it to Mr Ali.

The dwelling now contains 12 bathrooms, two kitchens, two laundries, a home cinema, billiards room, cellar, sauna and steam room (story continues below).

Shrublands underwent a major renovation and extension prior to selling in March, 2021.

It also includes a mini-conference centre with an office and boardroom and can garage eight vehicles with two more in a carport.

The Connault, on 5071 square metres, recently hit the market.

The property also includes extensive security, a north south tennis court and pool.

The listing comes seven months since a mansion on 2237 sqm at 33 Monomeath Avenue – considered the suburb’s best street – fetched $21m following an off-market deal.

Another dwelling near there, meanwhile, an unrenovated dwelling with a tennis court on Victoria Ave – Canterbury’s second best road according to agents – collected $8.4m last October.

Late last year, The Connault in the neighbouring suburb of Balwyn hit the market with a $15.75-$16.75m guide.

CBRE’s Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto with Marshall White’s Marcus Chiminello and Sonja Sendin have that listing.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.