B.C.’s five most expensive neighbourhoods
Most valuable homes in province are in Kitsilano, Point Grey and Shaughnessy
A search through the B.C. Assessment Authority’s list of the most valuable homes in B.C. is dominated, naturally, by the City of Vancouver.
$73.12 MILLION
At the top of the pile is Chip Wilson’s Kitsilano manse. The $73.12 million grey concrete structure was built across four waterfront lots in 2008 and is listed at 15,694 square feet (curiously, the most spacious of the three floors is in the basement). The address is 3085 Point Grey Road if you want to take a stroll along the mostly car-free stretch in front of the home and have a looky loo.
Breaking it down by Vancouver neighbourhood, that puts Kitsilano at the top.
$65.47 MILLION
At No. 2 is Point Grey, where a home at 4707 Belmont Avenue was valued at $65.47 million, as of July 1, 2018, which is the valuation date the assessment authority uses.
For my money, this is better value than Chip’s place. Completed in 2007, it’s on a massive 1.719-acre lot with the same ocean views and has 28,794 square feet of living space, with most of that on the top floor, not in the basement.
$35.16 MILLION
Vancouver’s third priciest neighbourhood is Shaughnessy, which has as its most valuable residence a $35.16 million, 17,000-square-foot home completed in 1998 that boasts an indoor pool, underground parking and a 2,000-square-foot maid’s residence. The address is 3489 Osler Street.
$32.34 MILLION
The fourth most valuable neighbourhood, according to the assessment authority list, is Coal Harbour, which has as its most valuable residence a condo — a really, really expensive condo. This place is listed as Unit 3101-277 Thurlow Street and is valued at $32.34 million. It’s on the top floor and comprises 8,000 square feet. It has six bathrooms and three bedrooms. This property was sold to 0996109 B.C. Ltd. in May 2014 for $16,600,000. A cash sale. According to title records, the key company director is Wang An Ban.
$22.19 MILLION
The fifth most valuable neighbourhood is Southlands, in southwest Vancouver. The property of greatest value there is at 2106 Marine Drive and is worth — according to the authority — $22.19 million. Most of the value is in the land, as the 10,000 square foot home sits on a 4.2 acre site. The home was built in 1929. It’s owned by 2106 Marine Holdings Ltd., a company whose main director is Tsai Pei-Ching of Taiwan. dcarrigg@postmedia.com twitter.com/davidcarrigg