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

Joannah Connolly
October 26, 2017

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.

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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
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.