Billionaire Chip Wilson's Vancouver home assessed at $73,147,000—up 9.5 percent from last year

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      It probably comes as no surprise to anyone in Vancouver that lululemon athletica founder Chip Wilson owns a very valuable home.

      For several years, Wilson's estate has topped the list as the most valuable residential property when the B.C. Assessment roll is released in early January.

      This year, the buildings on the Wilson estate on Point Grey Road have been assessed at $28,979,000; the land has been assessed at $44,168,000.

      That makes for a total assessment of $73,147,000, up from $66,828,000 last year. That translates into a 9.5 percent increase.

      Wilson's 15,694-square-foot home has seven bedrooms and nine bathrooms. The property's all-time record assessment came in 2018, when it clocked in at $78.8 million.

      This year's figures were released today (January 2). Unlike in past years, B.C. Assessment did not issue a news release listing the 10 most valuable residential properties in B.C.

      Last year's second-most valuable home, a 28,794-square-foot mansion at 4707 Belmont Avenue in Vancouver, was assessed this year at $64,600,000. That was an increase of seven percent over last year's assessment.

      The three-storey home has 10 bedrooms and 17 bathrooms.

      Last year's third-most valuable residential property was James Island, which is near Sidney on Vancouver Island. James Island has been pegged at $54,716,000. That's down from last year's assessed value of $57,980,000. 

      The one-storey home on James Island has four bedrooms and five bathrooms. The house is 4,656 square feet, making it much smaller than other properties assessed at sky-high values. The land, however, is worth $47,246,000.

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