Although prices for Canda's available luxury real estate are fairly staggering - and prohibitive for most people - compared to last year’s figures, the values for the most expensive homes in 2018 have toned down significantly.
After all, the highest-priced home for sale in 2017 was Vancouver’s Belmont Estate, listed for $63 million! This year? Penthouse 2 at 1011 West Cordova Street in Vancouver for $38 million. So cheap, right?! ...... :)
Interestingly, the luxury real estate market is losing momentum in the Greater Toronto Area and in Vancouver.
Let's take a look at the Top 10.
These properties, going from $25 million to $38 million provide everything from heated pools and Jacuzzis, climate-controlled wine cellars and stylish kitchens to bespoke furniture, landscaped terraces, and stunning water, mountain or city views." Point2Homes
In other words, these are the homes everyone is craving, but only the uber-rich can afford!
The steepest pricetag is a four bedroom, four-and-a-half bath penthouse atop the Fairmont Pacific Rim hotel. As the listing realtor puts it, “this brilliantly designed two-level residence encompasses approximately 6,700 square feet of expansive living with over 2,900 additional square feet of outdoor courtyard and terraces all enjoying one of the most prized city, mountain and water views in the city.”
The taxes alone are almost $50,000 per year! (That's an entire year's salary for a new teacher or any entry level position!)
You can even view a one minute video of the penthouse here!
Pretty incredible! This is prime real estate, and with a panoramic view like this, the future owners of this stellar dwelling won’t be missing one bit of city action!
If you want to see the #2 property: A $35 Million Bridle Path Mansion Is Toronto’s Priciest Property. That's it, above!
68 The Bridle Path is one of the many oppulent homes that make up Toronto's Bridle Path, a notorious wealthy enclave that was once home to Conrad Black and is soon to be home to Canadian rapper Drake! This particular slice of "Millionaire's Row" encompasses a gated four acre plot, with the house itself spanning around 40,000 square feet! Just $35,000,000 and it could be yours!
~ Posted by Steven Fudge, purveyor of houseporn.ca and proprietor of urbaneer.com