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

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 


No comments

Post Your Comment:

Your email will not be published
Moe Pourtaghi

"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi

Subscribe to receive Market Updates & Tips

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.