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Real Estate, Vancouver Homes, Business, Urbanized, News

Top 10 most expensive homes in Metro Vancouver (PHOTOS)

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Kenneth Chan Jan 02, 2019 4:03 pm 295

It should be no surprise that Metro Vancouver’s most valuable residential real estate is located in the Westside area of the city of Vancouver, but here is a renewed glimpse of how the top properties are fairing in their latest valuations.

BC Assessment’s 2019 roll notes that its assessed value of single-family detached dwellings have fallen by 4% in the city and 11% in the University Endowment Lands (UEL).

Some of the properties hit hardest were in this year’s top 10 list.

Lululemon founder Chip Wilson’s Kitsilano mansion at 3085 Point Grey Road remains the most valuable property, with an assessed value of $73.12 million — down $5.716 million compared to the previous year.

In another instance, a mansion in Shaughnessy at 1388 The Crescent saw a proportionally significant $7.7 million tumble — from $42.494 million in 2018 to $34.788 in 2019.

Unsurprisingly, the devaluations were largely from the depreciated land value, not the structure.

Here is a rundown of the top 10 most expensive homes, including three homes that are adjacent to each other on Belmont Avenue in Point Grey:

1. 3085 Point Grey Road, Vancouver (Kitsilano)

  • Value: 
    • 2019 – $73.12 million (Building – $26.531 million; Land – $46.589 million)
    • 2018 – $78.836 million (Building – $26.088 million; Land – $52.749 million)
  • Built: 2008
  • Bedrooms: 7
  • Bathrooms: 9
  • Floor area: 15,694-sq-ft
  • Land size: 30,600-sq-ft
Chip Wilson home

The mansion at 3085 Point Grey Road is owned by Chip Wilson in Point Grey. (Google Maps)

2. 4707 Belmont Avenue, Vancouver (Point Grey)

  • Value: 
    • 2019 – $65.466 million (Land – $38.457 million; Buildings – $27.009 million)
    • 2018 – $71.82 million (Land – $45.526 million; Buildings – $26.294 million)
  • Built: 2007
  • Bedrooms: 10
  • Bathrooms: 17
  • Floor area: 28,794-sq-ft
  • Land size: 74,900-sq-ft
4707 Belmont Avenue Vancouver

4707 Belmont Avenue, Vancouver. (Google Maps)

3. 4719 Belmont Avenue, Vancouver (Point Grey)

  • Value: 
    • 2019 – $41.203 million (Land – $30.627 million; Buildings – $10.576 million)
    • 2018 – $46.684 million (Land – $36.256 million; Buildings – $10.428 million)
  • Built: 1997
  • Bedrooms: 6
  • Bathrooms: 10
  • Floor area: 18,114-sq-ft
4719 Belmont Avenue Vancouver

4719 Belmont Avenue, Vancouver. (Google Maps)

4. 2815 Point Grey Road, Vancouver (Kitsilano)

  • Value: 
    • 2019 – $39.961 million (Land – $38.642 million; Buildings – $1.319 million)
    • 2018 – $45.875 million (Land – $44.528 million; Buildings – $1.347 million)
  • Built: 1962
  • Bedrooms: 5
  • Bathrooms: 6
  • Floor area: 9,301-sq-ft
  • Land size: 33,400-sq-ft
2815 Point Grey Road Vancouver

2815 Point Grey Road, Vancouver. (Google Maps)

5. 4743 Belmont Avenue, Vancouver (Point Grey)

  • Value: 
    • 2019 – $37.724 million (Land – $28.77 million; Buildings – $8.954 million)
    • 2018 – $42.952 million (Land – $34.058 million; Buildings – $8.894 million)
  • Built: 1992
  • Bedrooms: 4
  • Bathrooms: 9
  • Floor area: 16,500-sq-ft
  • Land size: 56,000-sq-ft
4743 Belmont Avenue Vancouver

4743 Belmont Avenue, Vancouver. (Google Maps)

6. 4773 Belmont Avenue, Vancouver (Point Grey)

  • Value: 
    • 2019 – $35.88 million (Land – 24.9 million; Buildings – $10.98 million)
    • 2018 – $40.276 million (Land – $29.477 million; Buildings – $10.799 million)
  • Built: 2010
  • Bedrooms: 5
  • Bathrooms: 9
  • Floor area: 13,600-sq-ft
  • Land size: 49,200-sq-ft
4773 Belmont Avenue Vancouver

4773 Belmont Avenue, Vancouver. (Google Maps)

7. 4857 Belmont Avenue, Vancouver (Point Grey)

  • Value: 
    • 2019 – $35.621 million (Land – $32.85 million; $2.771 million)
    • 2018 – $41.73 million (Land – $38.888 million; Buildings – $2.842 million)
  • Built: 1986
  • Bedrooms: 6
  • Bathrooms: 5
  • Floor area: 15,000-sq-ft
  • Land size: 120,000-sq-ft
4857 Belmont Avenue Vancouver

4857 Belmont Avenue, Vancouver. (Google Maps)

8. 3489 Osler Street, Vancouver (Shaughnessy)

  • Value: 
    • 2019 – $35.157 million (Land – $21.277 million; Buildings – $13.88 million)
    • 2018 – $38.348 million (Land – $23.631 million; Buildings – $14.717 million)
  • Built: 1997
  • Bedrooms: 6
  • Bathrooms: 7
  • Floor area: 16,600-sq-ft
  • Land size: 49,000-sq-ft
3489 Osler Street Vancouver

3489 Osler Street, Vancouver. (Google Maps)

9. 2999 Point Grey Road, Vancouver (Kitsilano)

  • Value: 
    • 2019 – $35.012 million (Land – $28.399 million; Buildings – $6.613 million)
    • 2018 – $38.684 million (Land – $32.177 million; Buildings – $6.507 million)
  • Built: 2011
  • Bedrooms: 3
  • Bathrooms: 6
  • Floor area: 6,500-sq-ft
  • Land size: 16,000-sq-ft
2999 Point Grey Road Vancouver

2999 Point Grey Road, Vancouver. (Google Maps)

10. 1388 The Crescent, Vancouver (Shaughnessy)

  • Value: 
    • 2019 – $34.788 million (Land – $33.734 million; Buildings – $1.054 million)
    • 2018 – $42.494 million (Land – $41.41 million; Buildings – $1.084 million)
  • Built: 1912
  • Bedrooms: 8
  • Bathrooms: 9
  • Floor area: 13,400-sq-ft
  • Land size: 90,000-sq-ft
1388 The Crescent Vancouver

1388 The Crescent, Vancouver. (Google Maps)

Honourable mentions

The runner-up at 11th place was the penthouse at Three Harbour Green — unit 3101 at 277 Thurlow Street, right next to Jack Poole Plaza in Coal Harbour. Built in 2012, it is currently the most valuable condominium property, with three bedrooms, six bathrooms, and a total floor area of 8,000-sq-ft. Its value: $32.339 million.

This property now elapses a previous condominium record holder — the residential penthouse of the Fairmont Pacific Rim Hotel at 1011 West Cordova Street, which is valued at $30.197 million.

277 Thurlow Street Vancouver

Three Harbour Green Tower at 277 Thurlow Street, Vancouver. (Google Maps)

The most valuable non-Vancouver and non-UEL property is the mansion at 3330 Radcliffe Avenue in West Vancouver. This property, valued at $29.798 million, ranks 15th this year.

Only properties within the City of Vancouver, District of West Vancouver, and the UEL made it to the top 100 list, which is bottomed by a 2016-built, $18.501-million, 3400-sq-ft home at 2529 Point Grey Road, Vancouver.

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Kenneth Chan
National Features Editor at Daily Hive, the evolution of Vancity Buzz. He covers local architecture, urban issues, politics, business, retail, economic development, transportation and infrastructure, and the travel industry. Kenneth is also a Co-Founder of New Year's Eve Vancouver. Connect with him at kenneth[at]dailyhive.com

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