Big Fat Deal: $6.2 million for a west side licence to print money

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

Address: 3928 Quesnel Drive, Vancouver
Price:  $6,180,000
MLS: R2051948
The skinny: Four-bedroom, five-bathroom, 3220-square-foot house with views in the Arbutus neighbourhood.
The bling: Ignore the naysayers: this property could be your licence to print money. How so? Well, it may look like a basic box adorned by someone with ADD—“Let’s clad it in wood. No, stucco, and add some slate pillars, and what about one of those bevelled roofs you see on aircraft hangars?—but this is Vancouver, and we know it’s all about the land. This perfectly unremarkable family home is perched high on a hill with views only a bottomless offshore bank account can buy. And how exactly does that translate into a money machine for you? Well, this house is only six years old, and it stands to make a gross profit of more than $4,000,000 for its enterprising owners. For those of you who struggle with math, that’s over $700,000 per year; the previous 1933 character home that stood on this lot sold for just $1,850,000. Of course there’s no guarantee it’ll be worth $10 million in another six years, but it doesn’t sound completely unreasonable, does it?
The hidden extras: Roof deck with hot tub, three-car garage, air conditioning.