Mansion shopping? Lotto winner has $1.2M Deer Lake home on the market

The odds aren't great that you'll ever win the top prize in Lotto 6/49 about 1 in 14 million but if you want to livea lottery-winner lifestyle, there's aDeer Lake, N.L., mansion on the market that fits the bill.

Its $1,195,000 price tag, however, may require some creative financing to get you through its wrought iron gates.

The luxury waterfronthome is just one of the ways Jim MacIsaacspent his $10-million Lotto 6/49 win,a change of fate that sprang from a simple ticket bought in the Gander Mall whenthe former salesmanwas on his way home to Corner Brook 14 years ago.

"April 10, 2002. I don't think I'll ever forget that day," said MacIsaac, inperhaps a slightunderstatement of the situation.

The memory may be strong, but MacIsaac wants to leave a little bit ofthat day in the past. Well,more than a little bit of it about 3,700 square feet.

MacIsaacwas 55 when he won the lottery in 2002. But as henow lives alone,he wants to downsize.

Offers haven't exactly been flooding in: The home has been on the market for about four years.

'It kind of got out of hand'

The Nicholsville Road mansion is filled to the brim with designer buzzwords: bird's eye maple, built-in cabinets, a master bedroom balcony. The ceiling in the home theatre twinkles with fibre-op lights, mimickingconstellations.

Tired of watching loons paddle by on the lake from the enclosed hottub? Just turn on the wall-mounted TV instead and soak.

Not exactly what MacIsaac envisioned as a small summer home,and a crash pad near the airport in between bouts of international travel.

"It kind ofgot out of hand," he admittedof the planning process he and his wife at the timebegan just weeks after his big win.

"It was supposed to be initially just a normal, run-of-the-mill three bedroom house.But we started adding to it, and adding to it, and putting in some of the most modern things that were available at the time, in terms of electronics and security systems and whatever."

A long,winding stone driveway leading to a bubbling koi pond is hardly run-of-the-mill, but most of the home's fancy detailingdoesn't seem to matter much toMacIsaac.

"Ican't think of one specific thing that stands out, except for the location. It's a gorgeous spot right here on the beach."

One man, four bedrooms

All the beautiful scenery of the shores of Deer Lake doesn'tmask the fact that the luxury living has become a bit too outsized for one man.

"There's areas of the house Idon't even go into anymore. Idon't have any reason to go there," said MacIsaac, adding that of the house's four bedrooms and four bathrooms, he only really uses one of each.

Perhapswinning the lottery has imparteda bit more financial patience onto MacIsaac than your average homeowner, as he says he's "not in a panic"about the long wait.

"That type of house in the Deer Lake area, or anywhere Iguess in western Newfoundland, is not going to sellovernight. It's going to take some time," he said, adding he has turned down a few lowball offers.

The million-dollar market

MacIsaac brought on realtor Perry Butt last year to boost the selling process.

Although Butt said there have been a few bites, he admits he has a big challenge ahead of him, with the most expensive home he's ever handled.

"Just trying to find the right clientele that would appreciate it and afford to pay for it," said Butt.

And thepool of people who can afford a million-dollarhome in the province is a small one.

"Last year, to this date, there was only 12 houses in that price rangesold in Newfoundland.And of course they were all soldin St. John's," said Butt.

And there is no shortage of mansions to currentlypick from: according to realtor.ca,there are 24 other homes for sale in the province listed for$1 million or more. Twenty-threeof them areon the Avalon Peninsula.

Maybe a mainlander?

While the home's price might raise an eyebrow along the west coast, perhaps one sales strategy could be to attract a buyer used to a far more expensive market.

Last Septemberin Toronto, a dilapidated, "unlivable" home in a trendy neighbourhood sold for $1 million. This January inVancouver, an 86-year-oldfixer-upperwent on the market for$2.4 million. It sold.

• High house prices making home ownership an unaffordable dream in Toronto and Vancouver

With the housing markets in both those big cities remaining whitehot, surely there's someone who wants to escape the ratrace and get the most out of their millions?

Butt would be more than welcome to show them around Deer Lake.

"Coming from Ontario, they would certainly see the value in this piece of property. In the Toronto area, it would probably be $4 or $5 million. So here, it would be a bargain for those people."

Only time will tell whetherMacIsaac'sluck hasrun out in his bid to sell his mansion.

"It may never sell. Maybe my children or grandchildren will be living there Idon't know. You don't know what tomorrow's going to bring," said MacIsaac.

Sage words from the bigwinner, who still plays the lottery along with a group of his friends.

"Ithink the most we've ever won is about $20, but they keep hoping. And they keep getting me to buy the tickets because they think I'm the lucky one."