After 427 days on the market in turbulent economic conditions, the waterfront property at 3019 Point Grey Road in Vancouver’s Kitsilano neighbourhood has been sold for the second highest price ever recorded on Metro Vancouver’s Multiple Listing Service (MLS).
According to data independently retrieved from MLS, the sale was made on December 18, 2020 for $27 million.
The property was first listed in October 2019 with the asking price of $35.88 million, and in 2020 it was lowered to $29.999 million.
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In an email to Daily Hive Urbanized, realtor Daniel Tan with Angell & Hasman Associates says the buyers are local, and the sale price is also the highest for the past three-year period. For the all-time MLS records, the property’s sale price is behind the $31 million price for 4833 Belmont Avenue and tied with the $27 million price for 3455 Marpole Avenue.
With 6,857 sq. ft. of floor area over three levels on a lot size of about 12,300 sq. ft., the home features six bedrooms and five bathrooms, and spectacular floor-to-ceiling windows, walk-out view-side terraces, and manicured private gardens.
The property was first constructed in 1912, but has seen significant renovations and modernizations in more recent years. It also comes with a private guest suite situated on the upper level.
As can be expected for this waterfront location, the property has panoramic views of Burrard Inlet, the downtown skyline, and the North Shore mountains.
This home received much attention in late 2019, after it was first reported by British tabloid The Sun that Prince Harry and Meghan were interested in buying the property for their new financially independent life away from royal duties. However, they left British Columbia in March 2020, and ultimately bought a home in Santa Barbara, California in August 2020 for $18.6 million (USD$14.65 million).
BC Assessment’s latest assessed value for 3019 Point Grey Road pegs the property at $21.922 million as of July 2020, with $20.278 million from land and $1.644 million from the structure. It was previously assessed for as much as $28.457 million in the 2018 roll.
Over 20 years ago in 2000, this same house, prior to its renovations, was on the market for $5.99 million, and after 108 days it was sold for $5.3 million.
Just to the west, one lot away, is Chip Wilson’s mansion, which has the highest assessed value in BC, worth $66.8 million, with $39.5 million from the land and $27.3 million from the structure. The Lululemon founder’s 2008-built home sits on a 31,000 sq. ft. lot that was previously three separate lots.