After being listed for almost three months, a listing for a Vancouver penthouse suite linked to royalty has expired.
According to Zealty, the main penthouse suite at 1011 West Cordova St. was listed for sale in January, but the listing status was cancelled in April.
Daily Hive Urbanized pulled up the title for the penthouse when we first reported on the listing in January, 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.
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The condo was listed for $21,000,000 in January and was on the market for 72 days.
The lavish penthouse features 6,480 sq. ft. of space and stunning views of Vancouver, and it’s easy to see why Sotheby’s International Realty Canada calls the penthouse the crown jewel of downtown.
Sotheby’s International Realty Canada
The penthouse features incredibly high ceilings and many windows that allow natural light to flow throughout the unit. It has three bedrooms, four bathrooms, and a spacious living area.
Sotheby’s International Realty Canada
Four properties, part of the Fairmont Collection at 1011 West Cordova St., are linked to the prince. So far, this is the only property for which the listing has been reported cancelled.
The total value of all four properties combined is over $40 million.
Sotheby’s International Realty Canada
While $21 million may have seemed like a lot of money, if sold, it would’ve technically been a loss for the prince’s investment firm. The asking price was way above the current assessed value, which BC Assessment has listed at $16,240,000. The condo was purchased for $23,000,000 in 2013.
Sotheby’s International Realty Canada
“The dramatic rooftop deck and private walk-out terraces add an additional 2,582 square feet of luxury living at downtown Vancouver’s most prestigious address,” Sotheby’s International Realty Canada says of the suite.
It remains to be seen when and for how much the penthouse will be re-listed at.