'World-class' Vancouver home listed for $13M over assessed sees price drop

A Vancouver home, valued by BC Assessment at just under $11 million, was listed for $23 million, and that’s after a significant price reduction.

6330 MacDonald Street is a substantial seven-bedroom, 10-bathroom home situated near the Kerrisdale area of Vancouver.

It sits on a huge lot of 21,516 sq. ft., and the building itself offers 9,070 sq. ft. of space.

In 2023 and 2024, the home was listed for $26.8 million, but both listings expired. It was re-listed last week after being reduced by over $3.8 million.

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The new price is from a new agent, and the Re/Max Westcoast listing describes the home as a “world-class luxury” property. The listing also mentions that the property was designed by an award-winning architect on a “half-acre lot in prestigious Kerrisdale.”

The listing calls the home a “true masterpiece” in one of Vancouver’s “most sought-after neighbourhoods.”

The home is situated in a prime location, close to numerous green spaces, parks, and other convenient spots.

The home features numerous luxurious amenities, including an outdoor pool and BBQ area, a hot tub and steam shower, a private guest suite, and custom glasswork. Staged pictures also reveal a pool table in a game and media room, and it all looks very classy and refined.

The home itself is just nine years old, but back in 2009, the property that existed on the lot before sold for a measly $2.5 million, in comparison.

Despite the high price tag, BC Assessment has never valued the home for more than $13 million. BC Assessment values the land at $5,568,000, with the building valued at $5,211,000. That’s a slight drop compared to last year.

Other features include a three-car garage and a cozy outdoor seating area.

If you were to buy this home at the current price with a 20 per cent down payment on a five-year fixed-rate mortgage, you’d be looking at monthly payments of around $100,000.

Based on some reporting we’ve done on the luxury housing market in Vancouver, it’s not necessarily surprising that this home hasn’t sold at its recently listed prices. Sotheby’s International Realty Canada says for luxury homes to sell, they need to be priced competitively, as the market favours buyers, many of whom are playing a waiting game.

Sotheby’s revealed that Vancouver is struggling the most in the luxury housing market sector among Canada’s major cities.