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Vancouver Lot Reduced by $9 million

Vancouver Lot Reduced by $9 million

Vancouver Lot Reduced by $9 million
March 07
12:01 2013

5a911f2d66caa4bbde950adea7085610Vancouver Lot Reduced by $9 million

Marine Drive, West Vancouver, British Columbia, Canada

There is a lot of controversy surrounding this palatial mansion on West Vancouver’s premiere street Marine Drive.  That’s mostly because this isn’t actually what’s for sale.  When 3810 Marine Drive first came on the market in early February it was listed at $37.9 million.  A month later and it’s just been reduced to $28,888,000.  The description noted that it was, “World-Class waterfront!  West Bay property featuring over 400′ of waterfront and a level 34,380 square foot lot.”  There was no mention of any existing home but a collection of rendered images of a palace were attached to the listing.  We assumed the rendered mansion wasn’t included in the sale, but the steep price could suggest otherwise.  The first thing we did was Google the address to see what exactly was on the lot.  It turns out you’re actually buying a 5,000 square foot home, built in 1964 in original condition.

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Several news outlets ran stories on the new listing giving viewers the impression that the ‘rendered mansion’ was included in the $37.9 million asking price.  Over the past few weeks the listing agents have been criticized of falsely advertising a mansion that does not exist.  We believe it’s nothing more than a complete misunderstanding.  The images were provided to show potential buyers what can be done with the property.  News outlets jumped the gun without first contacting the listing agents and published stories giving viewers the wrong information.  It’s fairly obvious that the pictures of the palace are rendered and no where in the write up did it mention it.  The description also read, “This spectacular property has the potential to be subdivided into 3 waterfront properties with brand new 8,000 square foot mansions with triple car garages, infinity pools and up to 32 foot boat garages.”  What do you think of the whole situation?  Below are a few of the rendered images and a REAL view from the actual property.  To see the entire listing click here.

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