Vancouver mansion with 'award-winning basement,' multiple waterfalls and $96K annual property tax for sale
A buyer able to afford a multimillion-dollar purchase and an annual property tax of about $96,000 could find themselves the new owner of a mansion for sale in Vancouver.
The home comes with everything including a name – Elements Estate – but it doesn't come cheap.
The seven-bedroom, 10-bathroom mansion is for sale for $19,980,000. On Monday, it was the most expensive listing posted on Realtor.ca.
At that price, it must be a challenge to find the right buyer, as it's been on the market for 150 days.
But when that buyer is found, they'll find themselves in a "multi-award-winning, opulent" home in one of Vancouver's most expensive neighbourhoods.
Located on West 32nd Avenue in Shaughnessy, the mansion was custom-built two years ago.
According to the listing agent, "Every detail of this home has been meticulously crafted… guided by the five natural elements – fire, earth, water, metal and wood, all coming together in this family retreat."
Those trying to sell the home say it's surrounded by lush greenery, and includes a state-of-the-art outdoor entertainment set-up, complete with a kitchen, more than one waterfall and a spa.
The listing says it has an "internationally recognized" chef's kitchen and an "award-winning basement."
It's unclear from what realtors have posted what makes the kitchen so special, beyond its appearance, but the basement includes a full bar, velvet banquette, spa, gym, theatre, hot tub and pool.
There's a guest suite and four fireplaces, and the home is not far from tennis courts, a marina and two private schools.
It's priced fairly close to the provincial assessment of $19,028,000, most of which is tied to the building.
This home is one of several in Shaughnessy currently for sale.
Census data shows it's one of the least affordable neighbourhoods in Vancouver.
The average value of a home in the neighbourhood, according to the city, is $3.2 million, compared to Vancouver's overall average of $1.4 million.
Most homes are single-detached and owned, not rented, and built before 1980.
Most residents are married, white, and have a post-secondary education.
At $122,000, Shaughnessy has the highest median household income of all Vancouver neighbourhoods.
CTVNews.ca Top Stories
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Prince William and wife Kate thank public for birthday messages for son Louis
Prince William and his wife Kate thanked the public for their messages which had been sent to mark the sixth birthday of their youngest son Louis on Tuesday.
She was the closest she'd ever been to meeting her biological father. Then life dealt her a blow
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
'Catch-and-kill' strategy to be a focus as testimony resumes in Trump hush money case
A veteran tabloid publisher was expected to return to the witness stand Tuesday in Donald Trump's historic hush money trial.
Quebec farmers have been protesting since December. Is anyone listening?
Upset about high interest rates, growing paperwork and heavy regulatory burdens, protesting farmers have become a familiar sight across Quebec since December.
South Korean sentenced to 14 months in jail for killing 76 cats
South Korean man has been sentenced to 14 months in prison for killing 76 cats in one of the country's most gruesome cases of animal cruelty in recent years.