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
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Maple Leafs fall to Bruins in Game 3, trail series 2-1
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
New Indigenous loan guarantee program a 'really big deal,' Freeland says at Toronto conference
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
'Life was not fair to him': Daughter of N.B. man exonerated of murder remembers him as a kind soul
The daughter of a New Brunswick man recently exonerated from murder, is remembering her father as somebody who, despite a wrongful conviction, never became bitter or angry.