B.C. Assessment has released its annual roundup of the province’s priciest properties, and a familiar name tops the list.
Lululemon Athletica founder Chip Wilson’s mansion on Point Grey Road, valued at an eye-popping $57.6-million, is the most expensive home in B.C. for the second year in a row.
Wilson’s 30,000-square-foot waterfront property gained more than $3-million in value in 2014, according to B.C. Assessment.
With the exception of an acreage in the Gulf Islands worth more than $51-million, nine of the top 10 highest-valued properties were located on the west side of Vancouver.
That includes homes ranging in value between $27-million and $50-million in Point Grey, Kitsilano, Shaughnessy and the UBC Endowment Lands.
The agency defines an assessment as “the determination of a property’s market value, property classification and applicable exemptions,” according to its website. Appraisers take into account a home’s age, size, quality, condition, view and location when valuing a property.
Taking 1.9-million B.C. homes into account, the total value of real estate on the2015 assessment roll is $1.2-trillion, a nearly six per cent increase over the prior year.
Top 5 most expensive homes in B.C. as per the B.C. Assessment Authority:
- 3085 Point Grey Rd., Vancouver – $57,595,000
- James Island, Gulf Islands – $51,621,000
- 4707 Belmont Ave., Vancouver – $50,126,000
- 4719 Belmont Ave., Vancouver – $31,456,000
- 4743 Belmont Ave., Vancouver – $28,137,000
For more information, visit B.C. Assessment’s website.
