Big Fat Deal: $23 million for a piece of Vancouver’s Magnificent Golden Mile

Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province

Address: 2883 Point Grey Road
Price: $23,988,000
MLS: R2007462
The skinny: Two-bedroom, two-bathroom, 3,300-square-foot property on almost 10,000 square feet of prime Point Grey waterfront.
The bling: Well, for starters, this property is on what those in the biz like to call Vancouver’s “Magnificent Golden Mile.” And if that’s not enough curb appeal for you, ex-Lululemon guru Chip Wilson lives just up the street in his massive (and massively valued) palatial complex. Don’t worry yourself over the sliver of house, designed by noted Vancouver modernist architect Paul Grant with interiors by Robert Ledingham. Indeed, that’s so unimportant in the scheme of this opportunity, the agent hasn’t bothered taking any images of the inside, instead encouraging potential buyers to see beyond this low-impact, small-scale house with expansive gardens right above the beach and imagine the possibilities of building a “world-class, trophy residence.” Really, imagine what a seven-bedroom, eight-and-a-half-bath contemporary castle with wall-to-wall marble, a TV in every room and a six-car garage could bring to the value of this land.
The hidden extras: The view. The view. And, oh, did we mention, the view? Sea, mountains, beach… everything Vancouver does best. There’s also a stunning piece of functional art as the property includes Paul Sangha’s 200-foot-long steel sculpture commissioned after high tides swept away part of the shoreline and designed to restore and protect it from further damage.