In an example of incredible land prices, the Shaughnessy home is listed for $9.98 million. Implications from BC evaluation Let’s say your physical home is worth $99,200.
The latest appraisal suggests the land’s value is $8,712,000.
The property is listed as a development opportunity for $1,168,800 above appraised value.
Shaughnessy home shared with Daily Hive Courtesy of RoomVusaid this was one of the most expensive homes listed last month, tied for first place with this listing with a pool house cabana.
The property, listed by Sutton Group-West Coast Realty, says the property is open to decorating and redevelopment ideas.
The listing says it is “one of the few post-1940 buildings remaining in the First Shaughnessy area that could be demolished and redeveloped.”
It also said a 12,000-square-foot mansion could be built on the property, which may upset some people who supported the recent motion to kill Shaughnessy. unknown. However, First Shaughnessy, where this home is located, is excluded from the mixed-use district.
Photos of the interior highlight the age of the house, which was built in 1952.
The kitchen also feels like a snapshot from another era.
Here’s the same photo edited to look like it was from the 50’s.
The rest of the home has five bedrooms, four bathrooms, and 4,242 square feet of space, with tons of land left, including one of the largest backyards you’ve ever seen. Masu.
Despite being primarily listed as a development opportunity, the listing suggests this home is still very livable, close to schools, and a short drive to UBC.
The listing concludes by saying the property is a once-in-a-lifetime opportunity to own real estate in “Vancouver’s most exclusive neighborhood,” emphasizing that land is king in Vancouver and Shaughnessy is no exception. .