A bougie West Vancouver mansion that has been listed five times since 2022 has just dipped below its potential ultra-luxury sale value.
Daily Hive Urbanized previously reported on 8483 Wiltshire St. this summer, when the mansion had a price drop from $11,950,000 to $10,788,000.
That listing was cancelled this October, and it stayed off the market until last week, when it was relisted for $9,999,890. The mansion is only four years old, and the previous property was sold in 2017 for $3,950,000.
- You might also like:
- Vancouver sky pool penthouse finally sells for millions below asking price
- Freezing temperatures in the forecast for Metro Vancouver
- Vancouver luxury housing market is seeing some serious stagnation
Royal Pacific Realty Corp | FaithWilson Christies International Real Estate
The current asking price puts it even further below the most recent assessed value, which, according to BC Assessment, is $10,374,000. Over $6 million of that total amount is attributed to the land value, which is 0.32 acres in size, or 13,934 sq. ft.
Royal Pacific Realty Corp | FaithWilson Christies International Real Estate
Located near Marpole and South Granville, the glitzy mansion features some pretty unique and luxurious selling features like an infrared sauna and marble tiling. There are a whopping nine bedrooms and 12 bathrooms in this Vancouver home, according to Zealty.
Afford this property in your dreams. (Royal Pacific Realty Corp | FaithWilson Christies International Real Estate)
It features a very spacious theatre and media room, too.
Royal Pacific Realty Corp | FaithWilson Christies International Real Estate
The basement features a wet bar and a big rec room, along with an exercise room. Meanwhile, the basement features a four-bedroom legal rental suite. Outside, there’s a landscaped garden and an outdoor swimming pool.
Royal Pacific Realty Corp | FaithWilson Christies International Real Estate
There’s also a rooftop deck with artificial grass and its very own putting green.
Royal Pacific Realty Corp | FaithWilson Christies International Real Estate
Ultra-luxury homes are generally priced or valued at $10 million or higher. The region has seen a bit of a rebound in home sales valued at that level. Earlier this year, Sotheby’s International Realty Canada had reported that the ultra-luxury market was a bit stagnant.
Over the past 90 days, 10 properties have sold for $10 million or higher, including the Vancouver sky pool penthouse on Alberni Street.