Historic Ontario farm with gothic farmhouse is on sale for $10 million

Back in the 1800s, The Smith family moved from Scotland to Caledon, Ontario and started buying up swathes of land. 

The family were prominent in the community and served as founding members of the local Presbyterian Church, so obviously, they had some money to throw around. 

In 1855, Andrew Smith bought 14650 Heart Lake Rd., which was a 100-acre property at the time. 

The pond on the property. 

Then, in 1864, he sold the property to his eldest son, Alexander. 

The log house. 

Alexander and his wife were living in the log house on the property, but soon built the farmhouse. 

A view of the Alexander Smith farmhouse. 

The Alexander Smith farmhouse is what you would call a typical ‘Ontario Gothic’ farmhouse.

Buff brick quoins and voussoirs. 

It has the L-shaped floor plan, polychromatic brick patterning, and buff brick quoins and voussoirs.

Solar Panels on the roof provide a monthly rebate.

The house also has polychromatic end chimneys, a projecting bay window and lancet and paired gable windows.

The wraparound porch with decorative bargeboards. 

You’ll also notice that the wraparound porch has decorative bargeboards, and attached to the northwest corner of the house is a brick summer kitchen and a brick carriage house with the original farm bell on its roof.

A sun room. 

The property remained in the Smith family for over a century, which undoubtedly played a role in the 2003 heritage designation. 

The medium pitched cross gable roof is typical of the Victorian gothic style. 

Since the Smith family occupied the residence, 14650 Heart Lake Rd. has been renovated while still keeping all its historical charm, and has now been put up for sale. 

An entrance with stained glass windows. 

Initially, the property was listed for $11,990,000, but after more than 100 days on the market, the listing price has dropped to $9,990,000.

A path to one of the barns. 

Now, almost $10 million might seem like an outrageous price for essentially a one-and-a-half storey six-bedroom, four-bathroom house in Caledon, Ontario, where homes rarely sell for more than $2 million. 

An aerial view of the fields and barns. 

However, the property isn’t just the renovated Victorian gothic farmhouse. 

The cottage. 

14650 Heart Lake Rd. boasts five barns, a cottage, and a log house near pond on about 50 acres of land. 

An old barn. 

Further, the barns and the land have some pretty significant income potential. 

The barns can be turned into event spaces. 

As the listing notes, the barns have the potential to be used as an event space, conference centre or wellness centre. 

The chairs for events in one of the barns. 

In fact, one of the barns already comes with chairs and tables for events. 

An old telephone box. 

The other barns are a virtual treasure trove filled with antiques, old cars, and farming equipment. 

Fields you could plant lavendar in. 

The land itself can either be used as a traditional animal farm or as something more specialized, like a lavender farm, which can yield between $13,000 and $34,000 of profit per acre, depending on what the lavender is used for. 

An aerial shot of the 50 acre property. 

So, if you think about it, $10 million might be kind of a bargain for this charming abode, especially if you plan on becoming a lavender farmer.