Have a lot of money as well as a lot of time? Then this newly-listed ‘most expensive home in all of Canada’ is perfect for you. Because not only is this home just shy of $40 million, but it’s also a tear down. Yes, I said it. Even if you buy this home tomorrow, you can’t move into it. The home is in the same state that it was when it was built in 1964, and as you can see by the pictures, it’s a bit outdated – unless you own a cotton plantation that is located inside of a gold mine built on top of the Queen of England’s bedside table (unlikely). At this price, it is also the 2nd most expensive home ever listed in Canada.
The listing of the home describes it as follows: “This amazing opportunity rarely becomes available for you to own Seaside Mansion on the Pointe. Featuring Spectacular 180 degree breathtaking views of the city, harbour, Point Grey and out along the mighty Georgia Strait to Vancouver Island. Enjoy kayaking, fishing, windsurfing, boating, water-skiing & all day ocean breezes from your doorstep. This spectacular property has the potential to be subdivided into 3 waterfront properties with brand new 8,000 square foot mansions with triple car garages, infinity pools and up to 32 foot boat garages.”
The home was originally built by a shipping magnate, perfectly positioned on the pointe so that he could sit at home and monitor the flow of his ships coming and going from Vancouver’s port. Now however, it is owned by a couple who simply can’t take care of the property and are looking to downsize. The land itself for this West Bay property is worth approximately $30 million, given it has an unruly 400ft of unadulterated beachfront. And the extra $7.9 million you pay will go towards the building of a brand new house.
So where are the potential buyers for this ‘final gem’ of BC coastline going to come from? According to McLaren the listing agent, “The new owners will likely be Chinese or Iranian, either that or somebody that just really wants to be king,”
If you’re curious about other top dollar listings in and around Vancouver, be sure to check out the $34 Million West Vancouver Residence and the $28 Million Penthouse at Fairmont Pacific Rim from our friends at Vancity Buzz.