Bargain hunters take note, auctioneers expect a massive, custom-built Mississauga, Ont. mansion could sell for half-price when it goes on the block at the end of the month.

Ritchies Auctioneers will be taking bids on January 26, starting at around $4 million, on what Ritchies Auctioneers director Hon. Col. Kashif Khan said is the most valuable estate in Mississauga.

Khan expects the house to sell in the $6 million range, and while that's a fair chunk of change, it's still about half the mansion's original $11 million asking price.

According to Khan, the auction house was brought in to sell the property in order to reach buyers outside of Canada.

“The marketing required is different than selling a $500,000 home on MLS, so we’re reaching out to international buyers in Asia, South America and Europe through the auction process,” Khan told CTV News Channel. 

And according to Khan, the sale is a “once in a blue moon” opportunity. "A lucky consumer is going to get a great deal on a house, worth double than its list price," Khan said in a statement.

For that kind of money, the buyer will get an 18,000 sq. ft, 23-room property next to a ravine and country club. Potential buyers from British Columbia, Alberta, Saskatchewan, Hong Kong and Russia have already shown interest in the property, Khan said.

Besides the requisite "high-end" kitchen and master suite with a room-sized closet and white marble ensuite, the house also features a wine cellar, home theatre and its very own elevator to ease travel between its four floors -- “everything you would expect in a home for $11 million,” Khan said.

And if moving house isn't in the cards, Ritchies will also be accepting bids on an estimated $4 million selection of the property's contents. And we're not talking old IKEA furniture. Instead, Ritchies says the content includes an 18-carat yellow diamond appraised for at least $1 million, a 21-carat sapphire valued at over $500,000 and a Hermes Birkin crocodile handbag said to be worth more than $80,000.

"The selection available for purchase will be offered at a fraction of the cost at other vendors," Khan said.

If you're considering an offer, or merely want to satisfy your curiousity, click to see a virtual tour of the residence located at 2290 Saxony Court, near Mississauga Road north of the Queen Elizabeth Way.