Vancouver

$17.8m “Opportunity to Renovate” Listed in First Shaughnessy

By
REW.ca
October 26, 2017






REWCap image shaughnessy fixer-upper
This grand, 105-year-old mansion in Shaughnessy was listed October 22, 2017 for $17.8m — Listing agent: Jeff Benner, Re/Max

Priciest new Greater Vancouver listing of last week is a grand, 1912-built fixer-upper on a large lot, #REWCAP weekly market analysis finds

A 7,200-plus-square-foot mansion in First Shaughnessy was Metro Vancouver’s highest-priced new real estate listing of October 16-22, REW's weekly look at MLS® data reveals – and it seems the house needs some work.

The “opportunity to own and renovate” this grand house on a huge lot in the region’s fanciest neighbourhood will set you back $17.8 million before renovations.

If you’re hoping the listing will reveal how much work needs doing, you’re out of luck – all photos are of the imposing exterior and expansive grounds, although the description says the “modern kitchen and deluxe laundry room” are already renovated. The listing also describes the “potential for a pool, tennis court or private mini-golf” as the coveted land totals three-quarters of an acre.

The listing was the priciest of 933 homes to appear on the Greater Vancouver MLS® the week of October 16-22, which is a jump from the previous week’s 861 new listings.

(Story continues below.)

REWCAP_weekly_stats Oct 26

That increase brings the total number of Greater Vancouver homes available for sale to 9,186 – slightly lower than the week before, suggesting total sales picked up somewhat week-to-week.

The median listing price of a detached home in the region rose by a mere $844 to $2,099,844, of the 5,648 single-family homes currently available for sale as of October 26.

Condo listing prices stayed at the same median as the previous week – $699,000 – but townhouses, row homes and other attached houses jumped by $20,000 in one week to their current $988K median list price.


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
© Copyright 2017

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