Vancouver prices still reasonable for Prestigious Homes when compared to Sidney, Tokyo, Hong Kong, London, New York


Thursday, June 19th, 2008

Sun

When is a home a bargain at more than ten million dollars? When that home’s seven thousand square feet are set on a private half acre on a hillside overlooking Eagle Harbour. Its two-hundred feet of waterfront include one of the few private docks in West Vancouver.

Inside and out, the home has every feature needed for luxurious living, executed with attention to detail and with the best of quality. The stone and wood exterior and the unique roofline with its turreted balconies lend a touch of old-world grandeur.

The three-level home has every amenity for gracious entertaining. The bar and billiard room has a fan to remove cigar smoke, wine coolers and a refrigerator with an ice maker. Off the Bar and Billiard room is a private balcony with a hot tub with views of the harbour. The living room welcomes guests with a gas-fueled fireplace–there are four fireplaces in the home. At sixteen by twenty-two feet, the dining room is perfect for dinner parties.

Outdoor patios and balconies provide views of lovely Eagle Harbour and of the luxuriant gardens. The gardens are designed for year-round enjoyment. Although the home is only seven years old, the gardens were planted with mature rhododendron, roses, wisteria, cedar and arbutus accented with colorful perennials. An extensive lighting system allows guests and family to enjoy evenings outdoors.

The kitchen is a chef’s delight with its professional-grade Dacor stove and oven, subzero refrigerator with pull-out drawers and tumbled marble work surfaces on countertops and island. It includes space to dine en famille while overlooking the bay. The butler’s pantry has its own sink and a second dishwasher.

The master bedroom suite is the “jewel within the lotus.” Opening from the bedroom are a private sitting area with a fireplace, an exercise room, a walk-in closet, a bath fit for royalty with a pedestal tub and jetted shower. Just off the Bedroom is another private patio to soak up the sunsets from the comfort of the master suite.

Two other bedrooms, a family room and a media room keep the family together. The three-car garage and six additional parking spaces will accommodate family and friends.

A virtual walk-through of this elegant home is online at westvancouverwaterfront.com. It is presented by Jordan Hurdal of Prudential Sussex Realty; he can be reached by phone at 604.786.6131 or via email at [email protected].

Situated in Vancouver’s downtown on the northeast side of Stanley Park, Coal Harbour is 23 acres of award winning community design. Stretching from Canada Place along the Burrard Inlet shore. The stunning design of Coal Harbour with it’s focus on waterfront living and its close proximity to Vancouver’s downtown core has contributed to Coal Harbour being one of the premier neighbourhoods in Vancouver.

With spectacular amenities close by the area offers great views of the Coal Harbour Marina, the North Shore mountains, Stanley Park, Lions Gate Bridge, Canada Place and the ports beyond. A beautifully landscaped walkway connects Coal Harbour to the Stanley Park seawall giving residents easy access to the parks’ running and bike trails.

Evelyn Froese of Royal LePage Westside is currently listing 1901 323 JERVIS Street for $7.5 million. This world-class residence in Vancouver’s premiere waterfront building is featured on page E4 and online at www.coalharbourspecialist.com

Vancouver continues to be a wise real estate investment, according to Greg Carros, Vice President Brokerage at Sotheby’s International Realty Canada.

“The natural boundaries of the mountains and sea provide limited availability of property if one wishes to be part of the city vitality. Lifestyle, personal security, schooling and climate play an important role in the increasing international demand for Vancouver properties. The vibrant western economy also plays an important role to property demand in the Vancouver area. Vancouver’s prices continue to be reasonable when compared to other world class cities such as Sidney, Tokyo, Hong Kong, London and New York.”

The following properties available through Sotheby’s International Realty Canada offer increasingly rare opportunities … Pricing would be two to three times that of other world class cities.

Madeline Milne at Sotheby’s compared basic features, size and location of some current listings on the sothebysrealty.com site with some of Sotheby’s Vancouver listings. She found:

A two-bedroom, two bathroom townhome at 1568 West 8th on Vancouver’s West side (listed by Jamie MacDougall) for $1,399,000.

A comparable town home in Manhattan is priced between $3-6 million dollars.

Currently listed with Sotheby’s International Realty Canada a rarely available waterfront property at 2612 Bellevue, West Vancouver – $10,500,000 (Listed by Grant Connell)

This large (13,400 square feet waterfront lot) is within walking distance to parks, restaurants and shops in one of the highest per capita neighbourhoods of Canada.

A similar positioned lot in Palm Beach, Florida is listed for $17 million

Recently sold at 2640 West 50th Avenue – $4,100,000 (listed by Greg Carros) is a 6150 sq.ft. four bedroom 4 bathroom home on a generous 139 by 144 foot lot, 15 minutes from city centre, 10 minutes from Vancouver international airport.

A comparable property in Santa Barbara California is currently listed at $11,500,000.

ESCALA’S PREMIER RESIDENCE

This residence on Jervis in Coal Harbour comprises the entire front of the building with panoramic northwest views to Stanley Park, the Marina and West Vancouver as well as northeast views to Coal Harbour and North Shore Mountains. This special home boasts more than 3,500 square feet of irreplacable luxury living. Some of the many features include a fabulous open floor plan with new contemporary kitchen, exceptional master bedroom and new master ensuite, media room, limestone flooring, built in flat screen TVs, 4 parking, 24-hour concierge, the finest health club and indoor lap pool.

Within easy walking distance to Robson Street, Denman and the Westend, Coal Harbour offers some of the best in fine dining, shopping and local attractions to its residents.

© The Vancouver Sun 2008



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