What $18.8 million Buys You in the Vancouver Real Estate Market

The highest priced home in Vancouver’s West Side gets you 14,277 square of some pretty nice stuff. If you have enough friends it also looks like a great place to have a party.

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Everything is big, even the Garage

  • 9 bedrooms – 6 have their own bath
  • 8 bathrooms of which 7 are full units
  • 21 rooms of all description
  • 8 car garage
  • 37,857 square feet of a park-like estate – lot is approx 100 x 400

As if it didn’t matter the agent tells us we just get a “nice” view. For 19 big ones you would think it would be spectacular. But even at this price range you can’t have everything. One thing you get for certain, is taxes. They rang in at $29,000 in 2007.

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The entrance foyer is below what I perceive is a rotunda. I presume that is Italian marble but there is no description.

Beach Party

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Yep, that’s a 50 x 15 indoor pool to work out in. The mural will inspires you to swim like a fish.

Number Crunch

As before on the lowest priced home I thought it would be fun to see what the mortgage would be like. At 10% of the list price as a down payment you are writing a certified cheque for $1,888,000. That leaves a mortgage of $16,992,000. Forgoing today’s rate drop I’m working a five year fixed term of 5.49%. That works out to $103,619 per month. In your first year your interest payment alone would be $914,257. Let’s be clear – those are net of tax dollars.

Not bad for a place with a “nice” view!

Oh by the way, if you would like to buy this place. After the credit check I be glad to show you the property. I promise to be nice.

Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email. Larry

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

condohype Says:
April 23rd, 2008 at 11:49 pm

So glad it comes with a “nice” view. Otherwise, I wouldn’t be sure about the value for money. Good post, Larry.

April 24th, 2008 at 1:19 pm

hYpe:

Relative to your reflections, I “viewed” this understatement as an antithesis to Condohype’s message. .>)

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