Luxury Vancouver home listed for $29M marks ninth listing in four years
A massive Vancouver home, which had been on the market for several years without a buyer, was recently re-listed for $ 28.88 million, marking its ninth listing in a relatively short amount of time.
We reported on this property last fall when the home was listed for the seventh time. This recent listing marks the ninth time the property has been listed in just four years.
Every listing has also been for the same price, except for 2021, where it was listed for $1 million more ($29,880,000). The previous listing was dated Nov. 1, 2024, and it expired on May 1, 2025. The new listing went up on May 27.
Sutton Group-West Coast Realty
1188 West 55th Ave. is a massive home that offers over 15,000 sq. ft. of space. It features eight bedrooms and 12 bathrooms and sits on a gargantuan lot of over 45,000 sq ft.
Sutton Group-West Coast Realty
That’s essentially equivalent to 75 average-sized (600 sq. ft.) Vancouver apartments.
Admit it, your apartment would fit in this kitchen. (Sutton Group-West Coast Realty)
It boasts numerous luxurious touches, including a full-size tennis court and a putting green. There are not one but two media rooms, a pool, a spa, a large gym, a wine cellar and a nanny’s quarters.
(Sutton Group-West Coast Realty)
The listing describes the Vancouver home, which it refers to as an urban oasis, as “grand yet totally private.”
Outside, the home features a Japanese Zen garden and a Koi pond, accompanied by a custom-made pavilion.
Sutton Group-West Coast Realty
BC Assessment values the home at $20,403,000, which is significantly less than the current listed price. It values the land at $11,773,000 with the buildings at $8,630,000.
We’ve written stories about Vancouver’s luxury housing market, which is seeing the biggest challenges of any major Canadian city. A report from Sotheby’s International Realty Canada revealed that the Vancouver luxury housing market is experiencing a slowdown. Unless expensive homes like this are listed at competitive prices, the odds of finding a buyer aren’t likely.
Over the last 90 days, only one home was sold for over $10 million in Metro Vancouver. If we widen our timeframe to the last six months, only five homes sold for over $10 million.
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