A Vancouver home that was initially listed for sale last April has seen nearly $9 million shaved off its asking price since then.
The Point Grey property is located at 2781-2789 Point Grey Rd. (the home sits on two legal lots), and it was first listed in April 2025 for $36 million.
That April listing was terminated in September 2025.
According to data from Zealty, in September 2025, the home was re-listed for $33 million before that listing was terminated on Jan. 28, 2026. It was re-listed the same day for the current asking price of $27.5 million.
BC Assessment most recently valued the property at $23,421,000, much closer to the current asking price than the initial asking price. BC Assessment only values the buildings at $10,000, and the land at $23,411,000.
As the listing points out, the home is “positioned on the coveted Millionaires’ Row.” The split-level home features ten bedrooms, four bathrooms and 5,798 sq. ft. of living space on nearly 20,000 sq. ft. of land. Zealty says the property is around $4,743 per sq. ft.
Westside Tom Gradecak Realty
The listing positions the property as an opportunity to “reimagine a home in one of Vancouver’s most sought-after neighbourhoods.”
It adds that the home offers a “blank canvas for renovation enthusiasts seeking to create their dream sanctuary.”
It also says that the property (including whatever stood before the current home that was built in 1968) has been with the same owners for 82 years.
Westside Tom Gradecak Realty
The property is in pretty good shape considering it’s almost 60 years old.
Westside Tom Gradecak Realty
One of the biggest selling points is the proximity to the water and essentially having your own backyard beach, including what the listing calls “breathtaking views” of ocean and mountain vistas.
Westside Tom Gradecak Realty
If sold at the current price with a 20 per cent down payment of $5.5 million, the buyer would be looking at mortgage payments of around $108,000 per month.
How much further would the price need to come down for you to consider it reasonable? Let us know in the comments.