If you are thinking of buying a luxury home in West Vancouver, you will probably be wondering: is it worth the money? West Vancouver is one of the most expensive places to live in Canada, but that doesn’t mean that you should shy away from it. Here are some tips to make the decision easier. First, don’t start your search at Mathers Avenue. Look further afield, like Point Grey Road. Look at other neighborhoods in West Vancouver, such as Richmond, Coal Harbour, and Vancouver.
Point Grey Road
There are many reasons why Point Grey Road is so expensive in West Vancouver, but one factor is the incredibly high number of homes for sale. For one thing, the area is home to three times more park space per person than the average city. This area also boasts some of the most exclusive shopping in all of Vancouver. And since it’s close to UBC, it’s no wonder that many of the residents of the neighbourhood choose to live there.
As for the reason why Point Grey Road is so expensive in West Vancouver, the owner of the mansion, Chip Wilson, is one of the most recognizable figures. His mansion on Point Grey Road, valued at more than $57 million, is home to the Lululemon founder. In fact, Wilson’s waterfront property has increased in value by about $12 million since its last sale. The list also includes seven other homes that have increased in value.
The most expensive house on Point Grey Road is a three-story, six-bedroom townhouse with an attached garage. The home features a large private master suite, mature gardens, and a driveway that can accommodate up to five cars. A fenced-in backyard makes it the perfect place for a kids’ play area. It’s also located near Kits Beach, so it’s close to everything West Vancouver has to offer.
The price tag for a luxury home on Mathers Avenue is not small, at $22,950,000, you can get a whole lot of space for your money. The home has ten bedrooms and twelve bathrooms, three large entertainment bars, a 20-foot curved wine wall, an indoor fire pit, and an outdoor saltwater pool and 15-person hot tub. The property was built in 1993, but was extensively renovated in 2012.
The exterior of the residence is stunning, featuring balconies, a finished basement, and a self-contained nanny suite. The home also has a three-car garage, access to a private sandy beach, and an expansive outdoor swimming pool. The property is located off Marine Drive with spectacular ocean views and close proximity to the downtown core. The Mathers Avenue neighbourhood offers some of the most expensive homes on the West Side, so if you’re unsure about what type of property to buy, make sure to do your research.
This neighbourhood has some of the most luxurious homes in the world. This includes a 20280-square-foot Chartwell house that was stripped down to studs last year. It sits on 2.82 acres of prime land and boasts a private swimming pool, outdoor tennis court, and a sprawling terrace. You’ll also be able to enjoy the ocean breezes, the gorgeous parks, and the nearby golf courses.
Mathers Avenue mansion
This 6,000 square foot home, built by Habitek Enterprise, is located in the most exclusive neighborhood of West Vancouver. It features an open concept floor plan, six bedrooms and seven bathrooms, and is surrounded by lush landscaping. The property sits on an 12,000-square-foot lot with a private backyard. The mansion has four bedrooms on the main floor and ample room for entertaining. It is also in close proximity to top schools, Cypress Mountain, and a shopping center.
This property is priced at $22,950,000. It boasts a finished basement, a self-contained nanny suite, three garages, and access to a private beach. The property is set on nearly one acre of land and features a swimming pool and a private beach house. The interior of the home features imported marble flooring, an Austrian crystal chandelier, and custom wrought-iron railing. It even boasts a 15-person hot tub.
This stunning West Vancouver property was bought for $5 million in 2016, but its assessed value has dropped to a much lower price. It is now renting for $4,500 a month. It has also recently been resold for $2.315 million after 44 days on the market. The home features white oak floors, three bedrooms, and four bathrooms. It is a modern, contemporary home with views of the Burrard Inlet and downtown Vancouver.
Point Grey Road waterfront home
There is no question that a Point Grey Road waterfront home is expensive. In fact, it’s the most expensive home sale in Metro Vancouver in over three years. The 108-year-old mansion at 3019 Point Grey Road has a price tag of $27 million, making it the second-most expensive home in Metro Vancouver. The buyers are local, and the sale is firm and expected to be completed in the new year.
There are plenty of highly priced homes on Point Grey Road. The top-selling property is owned by Chip Wilson through 3085 Point Grey Road Holdings Ltd., with numerous neighbouring properties on the top-tier list within five kilometres of his property. The runner-up on the latest provincial list, at $71.8 million, is owned by Pisonii (PTC) Ltd., which saw its price rise by 3.8 per cent over last year.
The neighbourhood has many amenities. Children can attend Queen Elizabeth Elementary, Jules Quesnel Elementary, and Queen Mary Elementary. The neighborhood is also well-served by Skytrain. Secondary schools include University Hill and Lord Byng. There is also West Point Grey Academy and Our Lady of Perpetual Help. The University of British Columbia is nearby. This makes West Point Grey one of the most expensive places in Vancouver to live.
Cypress Provincial Park with mountain biking trails
The most popular provincial park in Metro Vancouver is Cypress Provincial Park, located on the North Shore of the Lower Mainland. There are two main sections of the park – a 21 km2 southern section with a road and a 9 km2 northern section with hiking and mountain biking trails. Fortunately, much of the park is within West Vancouver. The price to visit the northern section of the park is a fraction of the cost of the southern section, and there are numerous trails to explore.
While hiking is expensive, mountain biking in Cypress Park isn’t. There are trails for all levels of fitness, including the dangerous mountain bike trails. Hikers will enjoy the Cabin Lake Trail, Bowen Lookout, and St. Marks Summit, which are accessed via ParkBus buses. There are also smaller trails that are accessible for those with less advanced skills. There are picnic tables, washrooms, and a restaurant in the park.
Cypress Mountain is part of West Vancouver and is the perfect place to do winter and summer sports. With its renowned ski resort, Cypress Mountain is popular all year round, but in warmer months, the mountain is open to hikers and backpackers. Cypress Park has numerous trails, including the Howe Sound Crest Trail and Baden-Powell Trail. The park is also accessible from the Trans-Canada Highway and the Upper Levels Highway.
Point Grey Road condos
A prime location for waterfront living, Point Grey Road is one of the most luxurious neighborhoods in West Vancouver. Accessible only by private road, this prestigious street offers breathtaking views of the city and the sea. Many homes are capped with rooftop patios and offer panoramic views of the ocean or mountain ranges. The neighbourhood is also located close to UBC and has a low crime rate. In general, the prices of Point Grey Road condos in West Vancouver are very high, and the price range is matched by the prestige that these homes enjoy.
While Vancouver is an expensive city, the average price of a condominium in the area is $1,531,000, and there are many other areas to choose from. The most expensive areas of the city are Shaughnessy, Point Grey, and Southlands. On the other hand, Hastings offers the best value for money. However, you will need to factor in the costs of living in each neighbourhood when making your decision.
One property that recently sold for $11 million is a 1,400 square foot starter home. The price of a 1,500-square-foot home on a 32-by-120-foot lot can run up to C$2.5 million. Meanwhile, waterfront properties can cost anywhere from C$8.5 million to $25 million. The neighbourhood of Kitsilano Point is also popular among downsizers.
Among many other things, David A. Grantham is a contributing author to UmassExtension West Vancouver Blo. He is a renowned expert on real estate in BC.
Born in North Vancouver, Louisiana, Dr. Grantham grew up in Lower Lonsdale. He then went on to complete his business degree at the University British Columbia. As of this writing, Grantham has completed over 100 projects, including the development of a high rise building in Vancouver.
He is a husband, father, son, brother, and friend. He was a dedicated outdoorsman and enjoyed sports such as hunting, fishing, scuba diving, and snow skiing. His wife, Alison Grantham, and their two daughters survived him. He is survived by his wife Alison Martin Grantham and two daughters.