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Own a Sliver of Land on Vancouver’s Point Grey Road for $23.888-Million (PHOTOS)

Own a Sliver of Land on Vancouver’s Point Grey Road for $23.888-Million (PHOTOS)

Own a Sliver of Land on Vancouver’s Point Grey Road for $23.888-Million (PHOTOS)
May 22
15:50 2015

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Own a Sliver of Land on Vancouver’s Point Grey Road for $23.888-Million

2883 Point Grey Road, Vancouver, British Columbia, Canada

Property is at an all-time high pretty much anywhere you look in Vancouver, BC.  Buyers are spending millions on vacant lots to build homes that are never lived in hopes of one day cashing in on their investments.  One of the most expensive areas to live is along Vancouver’s Point Grey Road, a lavish waterfront street for the ultra-rich.  The homes sit on quaint waterfront lots and enjoy spectacular ocean, city, & mountain views.  Hot on the market for $23.888-million is this sliver of a property with a 1980s 2 bedroom/2 bathroom home on it.  The lot the home sits on was recently expanded to the neighbouring lot increasing the width of the property to 45-feet.  The 9,810 square foot lot is zoned as RT-2 which would allow for a single family dwelling or a duplex development with city approval.  If you’re eager to get started on construction of your new dream home this might not be the property for you, the current home is leased until February of 2016.  It’s hard to imagine spending $23.888-million on a quaint lot along Point Grey Road when just down the street Chip Wilson, founder of Lululemon Athletica Inc., owns a 30,000 square foot modern residence on an massive lot which is valued at approximately $57-million CAD (see below). 

Chip Wilson

Chip Wilson’s Point Grey Road estate

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