Frank Techar, BMO’s chief operating officer, has just listed his house for $11,700,000.
Or, in other words, less than 2 years’ work for Techar, thanks to his $6M+ annual salary.
The home, located in Toronto’s prestigious south Rosedale neighbourhood (20 Elm Street), was first purchased by Techar and his wife back in 2006 for what now seems like a steal – a measly $7.5M.
While the 12,000 sq. ft. of prime Rosedale real estate will run you nearly $50K a year in taxes (just 3 days of work for Techar), it also comes with its own stone turret, elevator, 45-ft lap pool, separate entrance for staff, and name. Yes, name. The “Mary Davies House” is a 1898 Heritage Property that’s been “beautifully restored and renovated by architect William Mockler & Associates and builder Den Bosch & Finchley to the highest quality standards,” according to the listing.
So if you’ve got an extra $12M lying around and you won’t settle for just any nightmare on Elm St. to call home (sorry, we had to), you could do a lot worse than the former home of a BMO COO.
Check out all the envy inducing photos below: