Buyers always want a discount.
The bigger the markdown, the happier a purchaser gets.
As far as price cuts go, the discount now offered on a multi-million-dollar home in Vancouver may be hard to beat.
As of the morning of August 21, the residence at 3019 Point Grey Road was listed for $35,880,000.
It was the most expensive home on sale across Canada on that particular day and time.
The 6,857-square-foot residence is located on the same block as the priciest home in B.C.
That home is owned by Chip Wilson, founder of the athletic apparel company Lululemon.
Wilson’s mansion had a 2020 assessment value of $64,946,000 as of July 1, 2019.
Now going back to 3019 Point Grey Road, British newspaper The Sun reported last January that Meghan Markle, Duchess of Sussex, was interested in the home
“It would be perfect for her, Harry and little Archie,” the paper quoted a property agent.
The Sussexes are now living in Los Angeles, and 3019 Point Grey Road is still looking for a buyer.
Based on tracking by Zealty.ca, a real-estate information site owned by Holywell Properties, the price has been reduced to $29,999,000 as of September 30.
This means a discount of $5,889,000.
B.C. Assessment appraised the 3019 Point Grey Road at $20,678,000. This 2020 assessment reflects the property’s value as of July 1, 2019.
The home features six bedrooms and five baths.
The listing is by realtor Daniel Tan of Angell, Hasman & Associates Realty Ltd.