Vancouver real estate: New luxury home listed well above neighbourhood's average price
It's new, it's near the beach and it costs millions more than the benchmark for the area.
A newly built home for sale in Vancouver is listed at $7.5 million.
The sellers of the house on West 12th Avenue are asking more than $5 million more than the current benchmark in its neighbourhood of Point Grey.
They say it's somewhat of a rarity for the tony region of the city, but it's priced higher than some of the neighbouring homes because it's brand new, and because of its features.
According to those behind the listing, the four-bedroom home has a total floor space of 4,189 square feet over two storeys and a basement.
It has a 564-square-foot rooftop deck with city, water and mountain views, the listing from realtor Faith Wilson with Christie's International Real Estate says.
The home has "luxurious, high-end finishes, including a spa ensuite richly appointed in calacatta stone."
It has a "spa-inspired dry sauna" on the ground floor, and its recreation and media rooms each have wet bars.
The grounds are landscaped and there's a three-car garage past its gated entry.
The kitchen is described as "gourmet," and the family room "boasts coffered ceilings (and an) exquisite waterfall Caesar stone cooking centre."
Its future buyer would find themselves in walking distance of Jericho and Spanish Banks beaches.
Its property taxes are not for the faint of heart at an estimated $13,962. That estimate, however, is from 2020, before the new house was built.
Recent reports suggest Vancouver's luxury real estate market is seeing a decrease in sales, but prices continue to climb.
The price is far out of reach for many, including most of those who live in the area.
Still, according to census data for the area, more than one-quarter of Point Grey residents have a total household income in the highest category - $200,000 and over.
The median for households of two or more people is $135,680, much higher than in many Vancouver neighbourhoods.
A quarter of those who live in the area work in "professional, scientific and technical services," and nearly a quarter are in educational services, the data from Statistics Canada suggests.
Three-quarters of adults have at least some level of university education, from a bachelor's degree to a doctorate.
CTVNews.ca Top Stories
Trudeau acknowledges charges in Nijjar killing, calls for commitment to democracy
Prime Minister Justin Trudeau has acknowledged the charges laid Friday in relation to the murder of B.C. Sikh activist Hardeep Singh Nijjar.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
Princess Anne lays wreath at B.C. veteran's cemetery; receives 21-gun salute
Princess Anne paid tribute to veterans buried at a cemetery in British Columbia today, laying a wreath to honour the more than 2,500 military personnel and family members buried there.
Mystik Dan wins the 150th Kentucky Derby at Churchill Downs in a three-horse photo finish
Mystik Dan won the 150th Kentucky Derby in a photo finish, edging out Forever Young and Sierra Leone for the upset victory.
'I just can't believe that it took so long': Body found in wreckage 3 months after deadly fire
A man accused of arson in a January Old Strathcona apartment fire is expected to be charged with manslaughter after a body was discovered in the burned building late last month.
Quebec police hand out hundreds of tickets to Hells Angels and other bikers before 'first run' meeting
Quebec provincial police handed out hundreds of fines to Hells Angels members and other supporting motorcycle clubs who met for their 'first run' in a small town near Sherbrooke, Que.
Work stoppage possible as WestJet issues lockout notice to maintenance engineers' union
A lockout notice issued by WestJet to a union representing aircraft maintenance engineers could result in a work stoppage next week.
London Drugs begins 'gradual reopening' on 7th day after cyberattack
Almost a week after all London Drugs stores across Western Canada abruptly closed amid a cyberattack, they began a "gradual reopening" on Saturday.