A single street in Vancouver is home to three of BC’s five highest valued residential properties, according to the 2015 BC Assessment Roll released January 2.
The properties, ranked in third, fourth and fifth places on the latest property tax assessment list, are all on Belmont Avenue in Point Grey – a street commonly known to locals as Billionaires’ Row.
The most valuable home in BC is not on Belmont Avenue but is located mere blocks away at 3085 Point Grey Road in Kitsilano. This 30,600-square-foot home belongs to Lululemon co-founder Chip Wilson and is now valued at $57.6 million. This is the second year running that the two-year-old home has been ranked the most valuable in the province.
The only non-Westside property to make BC’s top five is in fact an entire private Gulf island – James Island, which is valued at $51.6 million and ranks in second place.
The three Belmont Avenue properties, all identified as single-family residences at numbers 4707, 4719 and 4743, are located next to each other on the desirable north side of the street. They are valued at $50.1 million, $38.5 million and $28.1 million respectively, as of July 1, 2014.
The total value of residential real estate in Vancouver has risen by 9.48 per cent over the past 12 months – the second largest increase of any area in the province, according to the 2015 BC Assessment Roll. See full story here.