Assessed Value of Lululemon Founder Chip Wilson’s Vancouver Mansion Drops to $65M
3085 Point Grey Road, Vancouver, British Columbia, Canada
The enormous modern waterfront mansion belonging to Lululemon founder Chip Wilson remains the most valuable residential property in British Columbia despite dropping over $8 million. Global News reported that Chip Wilson’s property at 3085 Point Grey Road in Vancouver has been assessed at $64,946,000 for 2020. The 16,000 square foot residence was assessed at $73,120,000 in 2019 and a record-breaking $78,837,000 in 2018. It was previously valued at $57,600,000 in 2015 and $54,000,000 in 2014. The 16,000 square foot modern home was built across several lots with 187-feet of oceanfront and enjoys views toward the North Shore Mountains. It was built for Chip Wilson, founder of Lululemon, and is said to include 7 bedrooms and 9 bathrooms. A section of Point Grey Road stretching from MacDonald Street to Alma Street was permanently shutdown in 2014 to make way for a controversial bike lane, which some critics called a “park for the rich.” Chip Wilson’s sprawling estate is set in the permanently closed section of road.