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West Vancouver boasts Canada’s top residential price tag
It’s kind of like buying a dream — a $39.9 million dream.
Canada’s most expensive residential real estate property, located in West Vancouver, isn’t built yet. The 5.44 acre hillside property at 2190 Camelot Avenue currently boasts a tennis court, 5,000 square foot house, horse barn and doll house. As is, it costs $25 million.
But if you are going for the $40 million dream, that price assumes the new owners will go ahead with a total redevelopment of the property. Featured on its own website — www.camelotestate.com — the design depicts a 21,091 square foot main ranch-style house to replace the old house, a guest house of 6,768 square feet and an office or maids quarters at 2,580 square feet.
It’s not different than buying a custom home from plans from a developer or builder on a lot already purchased, says Charles Bilash, the Century 21 In Town realtor holding the listing.
“You see buildings downtown sold all the time on paper,” he says.
Plans for the main building include a pool, hot tub, ponds, three waterfalls, six bedrooms, a billiards and bar room, movie theatre, wine cellar, gym, massage room and a 15-car garage. The design has seamless glass windows that open up to an outdoor living room with a fireplace, outdoor kitchen, and cabanas.
Charpac Properties Ltd. is the proposed developer for the site. The 10-year-old company, owned by brothers Chris and Martin Charlwood, has bought, renovated and re-tenanted more than 500 apartments, lofts and condos in Vancouver and Seattle.
The West Vancouver property is one of Bilash’s most active listings. Approximately 85 per cent of enquiries have been from international prospects, Bilash says, noting Vancouver has proven to be an attractive community for Asian buyers.
This listing is rare because of its size and location. It’s 10 minutes away from downtown, yet sports a fantastic view, Bilash says.
“It is rare,” he says.