Palatial Shaughnessy Home Hits Market for $35m

Joannah Connolly
November 23, 2017

Highest-priced new listing of last week is a 2016-built, 12,600-square-foot mansion

A palatial mansion in Shaughnessy has been put up for sale at $35 million – the highest-priced Metro Vancouver home to be listed during the week November 13-19, our weekly #REWCAP on market data reveals. That asking price makes this home the region’s second-most-expensive active listing, after the $36.2 million North Vancouver estate that was listed earlier this month.

The extravagant, six-bedroom, eight-bathroom Shaughnessy house was built in 2016 with super-luxury finishings throughout, including lots of Italian marble and bespoke millwork. It has a grand two-storey lobby with sweeping staircase and a vast, double-height formal living room, as well as a stately library, a 700-bottle wine cellar, eight wet bars, and an indoor swimming pool with hot tub. Upon completion, the home was listed by a different agent in April 2016 at an even higher price – $38.9 million – but did not sell at that time. Records also reveal that the property, which originally had a Tudor-style house, was sold back in 2000 for $1.8 million.

The priciest attached home to be listed last week was a 19th-floor luxury condo at the Escala Waterfront building in Coal Harbour. This chi-chi unit has three bedrooms, four bathrooms, 3,500 square feet of living space and two patios with outstanding mountain, city and ocean views. It was listed on November 15 at $10.5 million. Records show the unit was last sold in October 2011 for $5.7 million.

The two homes were among 897 properties to be listed for sale November 13-19, a figure that is slightly lower than the previous week’s 918 new listings. The total number of homes for sale in Metro Vancouver is now 8,825, as of November 23 – also slightly fewer than the previous week.

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REWCap Nov 23

The median listing prices of Metro Vancouver’s detached homes, as well as townhomes, duplex and other attached houses, remain roughly level with the past few weeks. However, median condo listing prices in the region climbed nearly $20,000 since the previous week, now at $718,000 across the whole of Metro Vancouver.

The number of listings seeing price reductions is also going down, at 323 last week, which is the lowest figure for many weeks. However, the median number of days it takes to sell a detached home is rising as the single-family market cools ahead of the winter season – currently at 63 days for all detached listings in Metro Vancouver. That figure rises to 72 days for detached homes in Vancouver proper.


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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.