'Opulent' Vancouver Rogers Tower penthouse price slashed by millions
A Vancouver penthouse located at the Rogers Tower (formerly Shaw Tower) just got a significant price drop, marking the ninth one in just four years.
PH4210 is located at 1077 W. Cordova St., and the penthouse was just listed for $15,880,000.
That marks a very significant price drop compared to the last listing, which went up in August 2025, with an asking price of $18,880,000. That August listing was terminated earlier this week, before the new listing was posted.
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Listings for the penthouse date back to April 2022, when it was initially listed for $23,888,800. So in four years, the asking price has been reduced by over $8 million, which is reflective of how things have been going in the ultra-luxury housing market in Vancouver.
The latest BC Assessment figure for the property is also quite a bit below the current asking price, valued at $12,975,000, with most of that ($10,489,000) attributed to the land value.
The listing calls the penthouse property the “epitome of luxury,” and the suite spans the entire 42nd floor. The unit offers 6,041 sq. ft. of “opulent” interior living, with an additional 2,100 sq. ft. of exterior living space, including panoramic views of beautiful Vancouver.
Virani Real Estate
According to the listing for the property, it features three bedrooms and five bathrooms, a home theatre, home automation, and a primary suite with a “dream closet.”
The listing also calls it the “most stunning waterfront home in Vancouver.”
Virani Real Estate
Thanks to the building it’s located in, the future owner of the Vancouver penthouse would also have access to four parking stalls, a private storage room and resort-style amenities, with a 24-hour concierge, a high-end gym, a boardroom and a theatre.
Virani Real Estate
A great example of the opulence that the property offers is the outdoor hot tub with those panoramic Vancouver views.
Virani Real Estate
Last year, we reported on some of the struggles in the ultra-luxury sector of the Vancouver housing market. Sotheby’s International Realty told Daily Hive Urbanized that the luxury market was seeing some major stagnation.
Sotheby’s said that Vancouver’s luxury market experienced the most significant decline of any major metropolitan market in Canada during the first half of 2025.
The ultra-luxury sector includes properties valued at $10 million or more. According to Zealty, over the last 90 days, only five ultra-luxury properties were sold in Vancouver. Daily Hive Urbanized recently reported on some of the most expensive properties to be sold so far in 2026.