The home of Barry and Honey Sherman will be demolished after Toronto's North York Community Council approved a request from the family. The couple was murdered more than a year ago.

The billionaire philanthropist couple was found dead in the basement of their home on Dec. 15, 2017. No suspect has been named or arrested in the case.

Earlier this month, the family asked for permission from the city to tear down the two-storey home at 50 Old Colony Rd. At the time, neighbours and the area councillor told CTV Toronto, they supported the family’s decision.

In the letter, dated Feb. 11, a representative for the family said the house has been vacant for more than a year and is a source of “bad memories” and “stigma” for the family.

In the demolition application, the family’s agent said it “pains” the family to have the house still standing. “No one will purchase the home as it presently stands,” the letter stated.

Neighbour Heather Gilbert said that the house is a sad reminder that she lost her friends.

“I never look out my windows on that side of the house because of that,” she says. “And when I drive on the street, I don't really look at the house,” she added.

Family representative Eric Kirshenblatt said the house harboured bad memories for them.

“It was very emotional but I think they're relieved,” he said.

The family plans on tearing the building down, filling in the pool and eventually putting the lot up for sale.

SHERMANS' MURDERS UNSOLVED

Apotex founder and former CEO Barry and his wife Honey were discovered in a semi-seated position with belts looped around their necks from a railing beside the indoor pool over two years ago. The autopsy on the Shermans determined that they both died of “ligature neck compression.”

On Jan. 26, over a month after the Shermans’ deaths, police officially classified their deaths as a targeted double murder. Early media reports quoting unnamed police sources who said it was initially investigated as a murder-suicide.

This past October, the Sherman family offered a $10-million reward to anyone with information which led to the arrest and prosecution of a suspect. They also hired a private investigation team to look into case.