Vancouver real estate: buyer pays $120,000 over listing price for $17.4 million Shaughnessy mansion

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      One of the oldest mansions in Vancouver sold less than two weeks after its listing on the market.

      A buyer snapped up the 1913 Shaughnessy home for $17.4 million.

      The purchase price topped the listing price of $17,280,000 by an extra $120,000.

      Angell, Hasman & Associates (Malcolm Hasman) Realty listed the stately home located at 1389 The Crescent.

      In 2005, Vancouver journalist John Mackie reported that the property changed hands in August of that year.

      “The sale price of the house isn’t available, but the 7,500-square-foot home was listed for $4,780,900,” Mackie wrote.

      According to Mackie, the mansion belonged to Dick Sandwell of Sandwell Engineering, described as a “major figure in mid-20th century British Columbia”.

      “An avid yachtsman and traveller, Sandwell amassed a world-class collection of books by early explorers that is being auctioned off by Christie’s in London on Sept. 21,” Mackie reported.

      Market tracker recorded the sale of 1389 The Crescent.

      The sale happened on July 27, 2020, which was 11 days after its listing.

      “The architectural elegance with its bold exterior and beautiful landscape create a majestic presence with over 10,000 sq. ft. of formal and informal living on 4 expansive levels,” the listing reads.

      The property features a pool.

      The listing continues: “Exquisite design, master craftsmanship and period finishes blend seamlessly to create a historic masterpiece while embracing the security and convenience of today’s modern living.”