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3 mansions and 1 condo for the price of a Vancouver tear down

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DH Vancouver Staff Dec 17, 2013 10:08 am

With $18.8-million, would you rather live in a tear down located in one of the Vancouver’s most expensive postal codes or own 3 mansions located elsewhere in the province.

This is the latest shocking comparison by local real estate blog Pricey Pads which brings home the point that if you don’t mind not living in a prestigious Vancouver neighbourhood, you could get a much bigger bang for your buck with properties located elsewhere in the region.

$18.8-million – 1288 The Crescent, Vancouver

This 0.94 acre Shaughnessy property consists of a 2,150 square foot, 1929-built residence with 2 bedrooms and 2 bathrooms. According to Pricey Pads, the $18.8-million residence is considered a tear down and will require another $10-million after purchase for anyone to build their dream home.

However, if you took your money elsewhere in the region, you could buy multiple readily-built dream homes and still have a lot of money leftover…

1288 The Crescent, Vancouver, British Columbia, Canada, V6H 1T4
©Bing! Maps

1288 The Crescent, Vancouver, British Columbia, Canada, V6H 1T4
©Bing! Maps

 

OR

 

$3.488-million – 29488 58th Avenue, Abbotsford

With $3.488-million, you can purchase a massive 20-acre property with a 44,340 square foot mansion that cost $15-million to build. The beautifully designed residence features 9 bedrooms, 8 bathrooms, a piano room, home theatre, and an underground tunnel to the pool house. It’s just a 53-minute drive away from downtown Vancouver, in ideal road conditions of course.

Leftover to spend: $15.312-million.

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

29488 58th Avenue, Abbotsford
Image: Jamie MacDougall

 

$9.8-million – 180 Sheerwater Court #19, Kelowna

This property in Kelowna defines luxury and is built within a secure, gated community on the shores of Okanagan Lake. Its slick, contemporary design is an award-winning architectural masterpiece by David Tyrell, and if you have $9.8-million to spare it’s worth every penny – even if it’s a 4-hour drive from the city.

The 2012-built, 11,444 square foot mansion spans 4-levels and boasts panoramic views of Okanagan Lake with its floor to ceiling windows. It has 4 bedrooms, 6 full bathrooms, 2 partial bathrooms, a 40′ high main foyer, 2-storey garage with car elevator, and a large infinity pool overlooking Okanagan Lake.

Leftover to spend: $5.512-million.

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

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Image: Jane Hoffman Group

 

$1.799-million – 20289 Menzies Road, Pitt Meadows

For something close to Vancouver, you could buy a Victorian estate in Pitt Meadows that is just 47 minutes away from downtown. At a price of just $1.799-million, the heritage-style home has 5 bedrooms and 5 bathrooms over 6,000+ square feet spanning on a 3-acre property that overlooks farmland.

Leftover to spend: $3.713-million.

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Image: The Pearce Team via Royal LePage

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Image: The Pearce Team via Royal LePage

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Image: The Pearce Team via Royal LePage

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Image: The Pearce Team via Royal LePage

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Image: The Pearce Team via Royal LePage

20289 Menzies Road, Pitt Meadows
Image: The Pearce Team via Royal LePage

 

What will you do with $3.173-million leftover to spend?

Having money leftover to spend isn’t a Vancouver luxury when it comes to real estate. Pricey Pads suggested purchasing the following 7 luxury vehicles including a $368,980 2014 Aston Martin Vanquish, $398,888 2012 Lamborghini Aventador LP700 ISR, and $204,395 2014 Audi R8 V12 Plus.

Alternatively, if you’re really digging for a Vancouver condo home to add on to your real estate portfolio, you could purchase one of the nicest suites at Canada House in the Olympic Village.

The 2.313 square foot unit comes with 2 bedrooms, 2 full bathrooms, 1 half bathroom, a den, and a private 2-car garage with a large storage room. Each room within the condo features forever unobstructed views of False Creek and the downtown skyline given that the property is located right at the edge of the water.

With a price tag of $2.875-million, that still leaves you $298,000 to spend.

Canada House 13
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 12
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 7
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 8
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 9
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House view
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 3
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 4
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 5
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 11
Colin Lo/Phil Chang Rennie @ Associates Realty

Canada House 10
Colin Lo/Phil Chang Rennie @ Associates Realty

 

Source: Pricey Pads

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DH Vancouver Staff
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