A West Vancouver home that recently sold, posting a significant loss, has sparked an online discussion, with some celebrating the drop in value.
The home, located at 790 Fairmile Rd. in the British Properties, was reported sold on Sept. 9, 2025. It sold for $4,500,000, well under the asking price of $5,490,000.
Looking into the home’s sale history listed on Zealty, it’s revealed that in 2017, the house sold for $7 million. The $4.5 million sale price is also well below the most recent assessed value of the home, which was $6,091,000. It sold for a bit higher than the 2013 sale price of $4 million.
X user Mortimer, a prominent social media real estate watcher, suggested that the $2.5 million loss would’ve been higher if expenses were factored in.
KABOOM!!! š£š£š£š£š£š£
Bought 2017: $7,000,000
Just sold: $4,500,000
$2.5 million loss (+ expenses)
790 Fairmile Road, West Vancouver, BC
Price discovery on full display… pic.twitter.com/oO1RT5D73l
ā Mortimer (@mortimer_1) September 10, 2025
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Royal Pacific Realty Corp.
The West Vancouver rancher-style home features five bedrooms and five bathrooms. It was listed on Aug. 11 and only stayed on the market for 17 days, well below the average time a detached home spends on the market (47 days).
Royal Pacific Realty Corp.
Although the home is quite old (60 years), the pictures suggest that it has been well-maintained, although the carpets are definitely a relic of the past.
Royal Pacific Realty Corp.
It features 5,419 sq. ft. of living space on a 32,300 sq. ft. lot.
Royal Pacific Realty Corp
The listing states that the home offers “stunning water and city views” from its expansive property.
“The house is completely livable, offering a private southern backyard with an outdoor swimming pool and a walk-out basement,” it says, adding that there are a plethora of options for the new owner, including renovating, holding or building.
In response to Mortimer’s post on X, one user suggested that a similar home would be worth way less than $2 million in Texas.
Steve Saretsky, a self-proclaimed “real estate aficionado,” realtor, and investor, suggested this has been a trend in West Van.
Some good buys in west van today
ā Steve Saretsky (@SteveSaretsky) September 10, 2025
Others agreed, suggesting you can find surprising deals on nice properties in West Vancouver, with sometimes better offerings than you can find in places like Coquitlam or East Vancouver.
Another X user was shocked by the sale.
Holy shit.
That’s 8.851m in today’s money (if you trust the BoC).
So it’s a 4.35m dollar loss before expenses, taxes and fees.
ā The Rocky Ranges (@RockyRanges) September 10, 2025
Another West Vancouver home that recently went off the market also sold for way less than initial expectations.