How many BC Properties could you buy for the price of one Vancouver tear down?

Shaughnessy“Golden Opportunity” – $18,800,000

1288 The Crescent, Vancouver, British Columbia, Canada, V6H 1T4

If you’re familiar with Vancouver then you probably know that The Crescent is undoubtably the most prestigious street to live on in Shaughnessy.  The large lots, historic homes, tree lined streets, and close proximately to Downtown Vancouver make this the ideal place for millionaires to call home.  Rarely do properties on The Crescent come up for sale, but when they do expect to pay a pretty penny, a very pretty penny.  In 2012 a historic home known as ‘Villa Russe’ was listed at a staggering $31.9 million before being reduced three times to the final list price of $17.8 million.  It sold for an unknown amount.  Currently there is only one property available on the prestigious street, we say property because that is what you’re paying for, it’s listed at $18,800,000.

©Bing! Maps

The home while it may be beautiful to most of us is considered a teardown.  Built in 1929 it offers 2,150 square feet with 2 bedrooms & 2 bathrooms.  It’s situated on a large 0.94 acre (40,844 sq. ft.) private lot.  The listing says, “An approved building plan is ready to build a luxury dream residence.”  Since our ‘Vancouver Vs. France’ comparison was so popular we’ve decided to see what can be purchased closer to home with that same $18.8 million.  If you choose to buy the 0.94 acre lot in Shaughnessy for $18.8 million you’ll have to budget at least another $10 million to build your dream home, or you could spend your $18.8 million on a selection of properties a little further from Vancouver, BC.

Pitt Meadows
©Pricey Pads / $1,799,000 CAD Pitt Meadows, BC

You could start your buying frenzy out in Pitt Meadows, BC with this gorgeous Victorian estate only 47 minutes from Downtown Vancouver, BC.  Listed at $1,799,000, this heritage-style home spans 6,000+ square feet and sits on 3-acres overlooking farmland.  There are 5 bedrooms & 5 bathrooms.  To see the full listing click here.  You’ve purchased this stunning Victorian mansion on acreage for list price and still have $17,001,000 to spend.  Let’s go a little further and see what we can get.

©James MacDougall / $3,488,000 CAD Abbotsford, BC

Listed at just $3,488,000 is this spectacular 44,340 square foot private residence on 20-acres in Abbotsford, BC.  It’s located just 53 minutes from Downtown Vancouver.  Nearly $15 million was spent to bring this sprawling mansion to its current state.  There are 9 bedrooms, 8 bathrooms, a piano room, home theatre, and a tunnel leading to the pool house.  To see the full listing click here.  Now you’ve bought the $1.799 million Victorian mansion in Pitt Meadows and the $3.488 million 44,340 square foot palace in Abbotsford for a total of just $5,287,000.  You still have $13,513,000 to spend.

©Colin Jewall / Jane Hoffman / $9,800,000 CAD Kelowna, BC

You’ve purchased two gorgeous estates within close proximately to Vancouver, BC.  What if you want to get away for the Summer?  Listed at $9.8 million is this award-winning architectural masterpiece designed by David Tyrell in Kelowna, BC.  It’s located about 4 hours driving time from Vancouver, BC or a short 52 minute plane ride.  The 4-level residence spans approx. 17,000 square feet and offers gorgeous views of Okanagan Lake from its walls of windows.  You may recognize the home from HGTV’s Million Dollar Rooms.  Features include an impressive 40′ high foyer, a two-storey garage with car elevator, and incredible infinity edge swimming pool overlooking Okanagan Lake.  The mansion is set in an extremely secure gated community called Sheerwater along the shores of Okanagan Lake.  Click here to see the full listing.  After purchasing this spectacular residence in Kelowna you still have $3,713,000 leftover from your initial $18.8 million budget.  You’ll need some reliable vehicles to travel to each of your three properties.

©MCL Motor Cars / 2014 Aston Martin Vanquish / $368,980

Let’s head down to MCL Motor Cars and buy a few cars.  Here’s a 2014 Aston Martin Vanquish with 1,380 KM for $368,980.  You still have $3,344,020 to spend.

©MCL Motor Cars / 2013 Land Rover Range Rover / $136,995

Your next purchase is a 2013 Land Rover Range Rover with 9,800 KM for $136,995.  You still have $3,207,025 to spend.

©MCL Motor Cars / 2012 Jaguar XJ / $80,000

Up next is this 2012 Jaguar XJ with 14,480 KM for just $80,000.  You still have $3,127,025 to spend.

©MCL Motor Cars / 2010 Bentley Continental Supersports / $199,095

You figure this 2010 Bentley Continental Supersports with just 7,998 KM on it would look stellar in the driveway of one of your new homes.  It’s listed at $199,095.  You still have $2,927,930 to spend.

©Ferrari Maserati of Vancouver / 2010 Ferrari California / $190,490

You’ve exhausted yourself at MCL Motorcars so you walk across the street to Ferrari Maserati of Vancouver and purchase this 2010 Ferrari California with just 1,550 KM on it for $190,490.  You still have $2,737,440 to spend.

©Open Road Audi Vancouver / 2014 Audi R8 V12 Plus / $204,395

You head over to Open Road Audi and this 2014 Audi R8 V12 Plus with 6,222 KM catches your eye.  You purchase it for $204,395.  You still have $2,533,045 in the bank.

©Lamborghini Vancouver / 2012 Lamborghini Aventador LP700 ISR / $398,888

You decide to make one last purchase for the day.  You head over to Lamborghini and find this 2012 Lamborghini Aventador LP700 ISR with 22,401 KM listed at $398,888.  You purchase it and still have $2,134,157 leftover.  You’ve purchased three gorgeous homes around BC and seven luxurious automobiles for $2,134,157 LESS than the tear down on 0.94 acres in Shaughnessy.  Would you rather buy the tear down in Vancouver for $18,800,000 or three gorgeous residences around British Columbia and seven luxurious automobiles for $16,665,843 with $2,134,157 left in the bank?

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