1750 Drummond Drive, Point Grey, Vancouver, British Columbia, Canada, V6T 186
Vancouver’s real estate market is hot, but is it hot enough to expect a $5-million increase in just 2 years? This quaint character home in Point Grey sits on almost an acre of property with gorgeous gardens, lawns, swimming pool, and even a bit of a view. In 2013 it could have been yours for $10.89-million, which to any normal person would seem ridiculous, but now two short years later the home’s list price has inflated to a head scratching $15.8-million. Why the increase?
The agent’s are now marketing the home as a possible teardown and even including 7 digitally created images of what you “could” build, but of course is not included in the $15.8-million list price. Being Vancouver it’s safe to assume that to transform the lot into what we see above it would cost roughly another $15.8-million bringing your total investment to $31.6-million. It would indeed be a shame to see a home with so much character destroyed and the beautiful landscape replaced with stone patios, but is somebody really going to splurge $15.8-million on a lot?