The mansion of former CEO and founder of Lululemon Athletica Chip Wilson has claimed the top spot again in the list of the most expensive properties in British Columbia.
According to the Tri-County Sun Times, the luxury home called Vancouver's Golden Mile, which is located at 3085 Point Grey Road, is currently worth $63.87 million. The property first claimed the number one spot in 2013. Back in 2014, it was assessed $10 million lower than it is today at $54.2 million.
The Province stated that the property has a 30,000 square feet of land that includes a pool and a tennis court.
The market value of a single family home in Vancouver's East Side rose to 28 percent from $993,000 to over $1.2 million. There is a boom in Vancouver for detached houses, from high-end properties to tear-downs where most of the value is in the land. The second-highest assessment was in Vancouver's point Grey neighborhood: $57.06 million for a luxury home at 4707 Belmont Ave.
On Vancouver's west side, six more homes were evaluated between $31 million and $38 million. Mortgage holders ought to be getting their evaluations via the post office in the next few days. According to B.C. Assessments, single-family homes in Vancouver, New Westminster, West Vancouver can expect expansions of somewhere around 15 and 20 for every penny, as well as Burnaby, North Vancouver and Tri-Cities. Twenty-five of the top 30 evaluations were in the west side, with other five across English Bay.
In December 2015, Metro News reported that there are more than 22,000 Greater Vancouver area homeowners who have been warned by the assessment agency to get ready for sensational spikes to their property estimations contrasted with neighborhood midpoints.
The third most valuable property is James Island, an entire 780-acre island with a 5,000-square-meter mansion valued at $51,621,000. The property features an all-weather harbor, a private airstrip, an 18-hole Jack Nicklaus Signature golf course and an outdoor pizza oven. Owner Craig McCaw sold it for $75 million in 2014, but the listing has expired.
BC Assessment has propelled a recently upgraded site, (bcassessment.ca) that incorporates more insights around 2016 evaluations, property data and patterns, e.g., arrangements of 2016's top most significant private properties over the territory.
