'Distinctively Vancouver' condo sold for way less than it did in 2013
A Vancouver condo that, according to a recent listing, gives Manhattan or London on the inside, just sold for way less than it did in 2013.
The building that the condo is located in is notable for several reasons, including its association with royalty.
After the sub-penthouse was listed in January of this year for $10,000,000, unit 4601 at 1011 Cordova St. sold for $9,500,000 within the last week.
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Sotheby’s International Realty Canada
According to the listing from Sotheby’s International Realty Canada, the massive view is “distinctively Vancouver, while the lavish interior design reads London or Manhattan.”
Located at the Fairmont Pacific Rim Residences, the condo features three bedrooms and four bathrooms and offers 4,016 sq. ft. of indoor living space. In addition to the relatively spacious interior, the home offers over 1,800 sq. ft. of private outdoor living space.
Sotheby’s International Realty Canada
“A complete suite of Integrated Miele and Subzero appliances, and Boffi cabinetry enhances the gourmet kitchen,” the listing notes.
The home sold for just under the most recent assessed value of $10,007,000. In 2013, it was listed for $21,000,000 and sold for $15,000,000, which REW says is close to the current median list price for similar homes for sale in the vicinity ($15,800,000).
Sotheby’s International Realty Canada
The listing boasts about the grand foyer and open living plan.
Sotheby’s International Realty Canada
The outdoor seating areas offer unrivalled views of Vancouver.
Sotheby’s International Realty Canada
“Must have lighting and blind automation, plus A/C, elevate the comfort of a Fairmont-branded luxury living experience,” the listing adds.
As we mentioned, this building has been linked to royalty in the past. Earlier this year, the main penthouse suite was sold.
Daily Hive Urbanized pulled up the title for the Vancouver penthouse condo, and the owner was listed as Leemar Investments FZE, a venture capital firm based in Dubai, which, according to international law firm Mayer | Brown, is managed by the director general of the Office of H. H. The Crown Prince of Dubai.
That penthouse was listed for $21,000,000, but the listing was cancelled a couple of weeks ago.