High-end crash? Vancouver mansion re-listed – at $13M lower (PHOTOS)

Southlands home listed in 2016 at $38 million, put back on market this week for less than $25 million

A breathtaking, multiple-award-winning mansion in Vancouver’s Southlands that hit the headlines in 2016 is back on the market. And if you needed any evidence of how much lower expectations are among high-end sellers in 2018, this is surely it – the home’s new list price is more than $15 million below its original ask.

The 10,595-square-foot house and sprawling woodland property was listed two years ago, following award-winning renovations, at a whopping $38 million. With no evidence of a sale at that time, the home was this week put back on the market for $24,975,000. That’s $13,025,000 lower than the original sticker price, a drop of more than 34 per cent.

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The Tudor-style mansion was built in 1929 for the president of BC Electric, and extensively renovated in 2015 to high acclaim. It has six bedrooms, eight bathrooms, a mix of traditional and modern decor, indoor-outdoor living space, a contemporary infinity pool and terrace with amazing views, and 4.25 acres of land, including its own woodland park with lake and putting greens.

In early 2016 it remained the region’s highest-priced listing for some time, but today the listing is only the seventh priciest in the Lower Mainland, and the fourth most-expensive in Vancouver proper.

The property was valued by BC Assessments in July 2017 at $18,317,000, and annual property taxes in 2016 were $27,843.

Check out the photos of this amazing house and grounds, below.

Photo Gallery Gables Marino GC exterior front
This grand house was upgraded with a formal pond and fountain to greet visitors. Image via Marino General Contracting

 

Gables listing pool
The infinity-edge pool and infinity terrace have south-westerly sunset views over the ocean to the Gulf Islands. Gregory G. Carros, David Hung

 

Photo Gallery Gables Marino GC living room
The formal living room had all new moldings to keep the elegance of the original house. Image via Marino General Contracting

 

Vancouver Gables
Step into the kitchen, from one of the home's two staircases. Image via Marino General Contracting - Marino General Contracting

 

Photo Gallery Gables Marino GC family room
As well as a formal living room, this family living area is part of the great room on the contemporary side of the home. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC indoor outdoor
True indoor-outdoor living with concertina doors across the back of the house. Image via Marino General Contracting

 

Vancouver Gables
Your view of the city and ocean all the way to the Gulf Islands. Image via Marino General Contracting - Marino General Contracting

 

Photo Gallery Gables Marino GC lobby
Parts of the home remain traditional, such as this wood-panelled main lobby and staircase, but spruced up with modern touches. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC library
The cozy library is another area of the house that blends traditional with contemporary elements. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC master bedroom
A master bedroom to die for, and those views are even better from its upper deck. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC master bathroom
The master bathroom is so luxurious it has its own fireplace. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC forest path
The 4.25 acres of prime Vancouver Southlands has been smartened up, including a paved woodland path. Image via Marino General Contracting

 

Photo Gallery Gables Marino GC golf green
The golf putting green is next to a small lake, with a seating area and firepit. Image via Marino General Contracting

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