Million Dollar Mansions: Yellowknife’s Most Expensive Homes For Sale

Monster one: at 39A Otto Drive, nine-foot walls, a 1600-bottle wine cellar, and a 360-degree view of Great Slave

Yellowknifers curious about what a million-dollar house might look like don’t have to seek out a glossy magazine or a Vancouver neighbourhood.

For those with a fat stack of cash looking to make a statement that comes with a view and plenty of space to knock about in, there are three big-ticket homes on the market in the capital. Two are Yellowknife versions of Monster Homes, costly piles that wouldn’t be out of place in a Phoenix suburb, while one is a more discreet structure that matches its surroundings rather than overpowers them.

Anchored to the summit of an exposed granite knoll on Latham Island, 39A Otto Drive has a 360-degree view of Yellowknife Bay and Great Slave Lake. If you want to count the rivets on local Otters, this is the none-to-subtle location for you.

Mining executive Mike Magrum spared no expense when he built the 3,800 square foot home for his family 20 years ago. It has been on the market for a year at $1.5 million.

Luxury details include an antique bar and a 1600-bottle wine cellar. The master bedroom has an ensuite bath with an oversize jet tub, a marble and jade floor.

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All living areas have nine-foot ceilings and solid oak doors. The fully finished basement has its own outside entrance. The home has in-floor heating provided by boiler fuelled by oil and wood.

There is a multi-vehicle garage and the adjoining property is available separately if the new owner wishes to preserve the same level of privacy and green space.

Monster two: at 220 Grace Lake Blvd., a floor-to-ceiling stone fireplace and multi-zoned in floor heating

At the other end of the capital, in Yellowknife’s’s newest neighbourhood, 220 Grace Lake Blvd. comes with a water view and a $1.5 million sticker price.

Its 4,900 square feet are spread over three levels and set on a 38,000 square foot lot; it was completed in 2014.

A slate front entry way gives way to wide-planked rustic oak floors throughout a main living space that is heated with multi zoned in-floor heating.

A floor-to-ceiling stone fireplace warms the family room, and the games room comes with a cherry-wood billiards table and full wet bar.

The master bedroom has natural stone floors, a free-standing soaker tub, and a custom-built natural stone shower with body jets.

The double-island kitchen offers up a natural walnut butcher top, recycled copper prep sink, deep storage drawers, complete range of KitchenAid appliances and walnut cabinet doors.

The double oversized garage has in-floor heating and is equipped with heavy-duty storage racks and custom-built storage drawers with heavy duty drawer glides.

 At 2 Boffa Drive, the Old Town waterfront location has a $200,000 gourmet kitchen and architecture that matches its surroundings

The Latham Island and Grace Lake properties bookend a $1.2 million waterfront mansion tucked away at 2 Boffa Drive in the heart of Old Town.

Built 20 years ago, the 4,000-square foot home is screened by mature trees, and offers direct access to a dock on Back Bay where there is mooring for a boat, barge and float plane.

The home’s central feature is a gourmet kitchen valued at $200,000. Four bedrooms with walk-in closets, a custom fireplace and 3 1/2 baths are spread over three floors of red oak.


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