Government of Canada Sells Posh 'Strathmore' Irish Property

In these tough economic times it appears nothing is off the radar screen when it comes to luxury and excess. Even the Government of Canada is looking for ways to trim expenses and scale back on operations, even if that means parting with a luxury ambassador property that was purchased in 1957 for the bargain price of $57,000 with a present-day value estimated over $17 million!

Despite major vocal opposition from former ambassadors and politicians, the Canadian government had been trying to unload the Strathmore estate for over a year. Now comes word that a deal has been made with a local Irish real estate developer named Michael Roden who will pay $4.8 million in cash and will also throw-in a luxurious home in downtown Dublin to serve as the new home for the Canadian ambassador to Ireland.

Canada's new ambassadorial residence is called 'Glanmire' and is located at 22 Oakley Road, Ranelagh, Dublin 6.

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