A breathtaking, multiple-award-winning mansion in Vancouver’s Southlands that hit the headlines in 2016 is back on the market. And if you needed any evidence of how much lower expectations are among high-end sellers in 2018, this is surely it – the home’s new list price is more than $15 million below its original ask.
The 10,595-square-foot house with sprawling woodland property was listed two years ago, following award-winning renovations, at a whopping $38 million. With no evidence of a sale at that time, the home was this week put back on the market for $24,975,000. That’s $15,025,000 lower than the original sticker price, a drop of more than 34 per cent.
The Tudor-style mansion was built in 1929 for the president of BC Electric, and extensively renovated in 2015 to high acclaim. It has six bedrooms, eight bathrooms, a mix of traditional and modern decor, indoor-outdoor living space, a contemporary infinity pool and terrace with amazing views, and 4.25 acres of land, including its own woodland park with lake and putting green.
In early 2016 it remained the region’s highest-priced listing for some time, but today the listing is only the seventh priciest in the Lower Mainland, and the fourth most-expensive in Vancouver proper.
The property was valued by BC Assessments in July 2017 at $18,317,000, and annual property taxes in 2016 were $27,843.
Check out the photos of this amazing house and grounds, below.