Vancouver mansion listed for $40M in 2020 now for sale for $6M less
A mansion described as a "contemporary masterpiece" is for sale in Vancouver, and while the price is significant, it's actually lower than the sellers asked for last time around.
The owners are looking for $33,990,000 for their home on Tecumseh Avenue in Vancouver's tony Shaughnessy neighbourhood.
That price buys seven bedrooms and nine bathrooms spread out over 12,413 square feet.
According to the listing, the three-year-old house was designed by architecture firm Airey Group, landscape architect Paul Sangha and interior design firm HB Design.
"This dynamic dream team has created this ultra luxurious property that showcases unparalleled craftsmanship, finest materials and supreme technology for entertainment," the listing agent wrote.
Its future buyer will find themselves with an elevator, wine and cognac cellar, koi pond, aquarium and "art gallery corridor."
The home has an exercise room, built-in high-end oven, hot tub and pool.
It has four master bedrooms and an in-law suite for guests.
Last estimated at $104,807, the property taxes aren't for the faint of heart, but neither is the asking price.
That is perhaps why the home has yet to sell.
It's been on the market for 206 days, according to a post on REW.ca, but BC Assessment says the property was last sold in 2014.
The house was finished five years later, and it was put up for sale with a much higher asking price initially.
The listing is no longer active, but a January 2020 CTVNewsVancouver.ca article referred to a $39,980,000 price tag.
Based on information available from BC Assessment, it seems the house never sold at that price, and it was relisted last year for about $6 million less. CTV News has reached out to the listing agent for confirmation.
Interestingly, this is not in line with the findings of a recently-published Q1 report on luxury sales in the Vancouver area.
According to Sotheby's International Realty, scarce inventory has been such an issue in the area that prices are being driven up.
The number of homes sold for more than $10 million (three) was half of what it was in Q1 2021 (six), Sotheby's said, seemingly suggesting this was an issue of availability, not a lack of buyers.
All photos from angellhasman.ca
CTVNews.ca Top Stories
Trudeau and Harris? Poilievre and Trump? Here's who Canadians think would work best with: survey
As Americans prepare to elect their next president on Tuesday, new data from the Angus Reid Institute suggests Canadians hold differing views as to which federal party leaders would be best suited to deal with either Donald Trump or Kamala Harris.
B.C. port employers launch lockout at terminals in labour dispute with workers
Employers at British Columbia ports say they are going ahead with locking out more than 700 foremen across the province after strike activities from union members began.
Months after VRBO booking, Taylor Swift fan told home 'not available' during Vancouver concert
A frustrated Taylor Swift fan is speaking out after being pushed from a short-term rental she booked for the upcoming Vancouver leg of the superstar’s Eras Tour.
Felonies, assassination attempts and a last-minute change on the ticket leads voters to Tuesday's U.S. election
A campaign that has careened through a felony trial, incumbent being pushed off the ticket and assassination attempts comes down to Election Day on Tuesday.
Measles cases in New Brunswick more than double in three days
A measles outbreak declared in New Brunswick’s Zone 3 last week, which includes Fredericton and the upper Saint John River Valley, has more than doubled since last week.
Prison sentences handed down for sexually abusive London, Ont. parents
In handing down the sentences for two London parents, Justice Thomas Heeney told the court, "The facts of this case were the most egregious that I have encountered during my 26 years on the bench."
She was diagnosed with Type 2 diabetes about a year ago. Here's how her condition was reversed
A year ago, Lorraine O'Quinn was coping with stress, chronic illness and Type 2 diabetes. Then she discovered a health program that she says changed her life.
Surprise swing state? Iowa poll has Harris suddenly leading
Based on victories in the past two elections and polls leading up to Tuesday’s election, Donald Trump had seemed almost certain to win Iowa, but a new poll has Kamala Harris with a sudden three-point lead.
Russia suspected of sending incendiary devices on US- and Canada-bound planes, Wall Street Journal reports
Incendiary devices that ignited in Germany and the United Kingdom in July were part of a covert Russian operation that aimed to start fires aboard cargo and passenger flights heading to the U.S. and Canada, the Wall Street Journal (WSJ) reported Monday, citing Western security officials.