It91ÂãÁÄÊÓƵ™s no surprise that Vancouver is home to almost all of the highest valued properties in . But what about the one property that isn91ÂãÁÄÊÓƵ™t?
Among the scattering of small islands among the Gulf Islands lies James Island. Owned by billionaire Craig McCaw through his company JI Properties, the 770-acre parcel is the second largest privately owned island in the region.
It features one main house, six guest homes, a private airstrip and an 18-hole golf course.
Formerly home to a munitions plant, the island highlights an inflating trend seen over the past two decades in B.C.91ÂãÁÄÊÓƵ™s housing market.
McCaw bought it for $19 million in 1994. Now, it91ÂãÁÄÊÓƵ™s valued at nearly $51 million, with the buildings valued at $5.8 million, making it the third top valued property in the province.
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Other mega-properties to top the list include Lululemon founder Chip Wilson91ÂãÁÄÊÓƵ™s Kitsilano home, at 3085 Point Grey Rd., valued at a cool $73 million 91ÂãÁÄÊÓƵ“ $2 million less than in 2017.
On Belmont Avenue not far away lies a 10-bedroom mansion valued at $65 million. The Vancouver street, known for its waterfront views, is home to five other top-valued properties.
Here are B.C.91ÂãÁÄÊÓƵ™s priciest properties of 2019:
- 3085 Point Grey Rd., Vancouver 91ÂãÁÄÊÓƵ“ $73,120,000
- 4707 Belmont Ave, Vancouver 91ÂãÁÄÊÓƵ“$65,466,000
- James Island, James Island 91ÂãÁÄÊÓƵ“ $56,757,000
- 4719 Belmont Ave, Vancouver 91ÂãÁÄÊÓƵ“ $41,203,000
- 2815 Point Grey Rd, Vancouver 91ÂãÁÄÊÓƵ“ $39,961,000
- 4743 Belmont Ave, Vancouver 91ÂãÁÄÊÓƵ“ $37,724,000
- 4773 Belmont Ave, Vancouver 91ÂãÁÄÊÓƵ“ $35,880,000
- 4857 Belmont Ave, Vancouver 91ÂãÁÄÊÓƵ“ $35,621,000
- 3489 Osler St, Vancouver 91ÂãÁÄÊÓƵ“ $35,157,000
- 2999 Point Grey Rd, Vancouver 91ÂãÁÄÊÓƵ“ $35,012,000
ashley.wadhwani@bpdigital.ca
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