Penthouse of iconic Vancouver co-op relisted at 25% discount

Luxury condo previously listed at $17.3 million was just put back on the market for $12,995,000

View full listing details here. 

The penthouse of this iconic co-op building right on the beach of Vancouver's English Bay features  2,740-square-foot, two-bedroom-plus-den home was originally listed at a jaw-dropping $17.3 million in October 2018, ranking in as Vancouver's second most expensive condo sale. Has been relisted on February 15 for $12,995,000 – a discount of $4.3 million, or just shy of 25 per cent.

With the original price working out to $6,314 per interior square foot, take into consideration the additional 3,000 sq ft of outdoor space with breathtaking 360-degree views, with the new $4,743 per square foot price for this one of a kind property. 

Back in October, Glacier Media was exclusively invited to take a tour of the home, which has a long, open-concept living/dining/kitchen room, with multiple sliding doors to the terrace that stretches across the front of the building to take in incredible ocean views. Renovation of the outdoor space cost the owners $3 million. 

Because the building is a co-op, the buyer will be purchasing shares in a co-operative rather than a freehold. Their purchase will also have to get approval from the co-op board – which includes sitting down for an in-person interview. 

The purchase would also be subject to a minimum down payment of at least 30 per cent, depending on the lender.

Check out more photos and details of this jaw-dropping penthouse, here. 

From: Vancouver Courier