Vancouver’s $39-million condo
Glacier Media - Aug 26, 2019 - BC Biz

The most expensive condo currently for sale on Canada’s MLS is a 6,670-square-foot unit in Vancouver’s Coal Harbour, listed at $38.888 million, or $5,319 per square foot.

Of all the homes listed on the nation’s MLS, it is second in price only to a $59 million chateau-style estate in Ontario, and beats the $35.8 million 48th-floor penthouse at the Hotel Georgia residences, which was until recently Canada’s priciest condo.

The condo takes up the entire 26th-floor of the uber-exclusive Three Harbour Green building, with the current owners having combined what were two half-floor sub-penthouses, that were mirror images of each other. Combined, the home contains six bedrooms and eight bathrooms, along with two huge great rooms both with large kitchens, and it is the only whole-floor suite in the building that is all on one level. As the combined homes are mirror images, there are also two master suites, one facing west and one east.

It also has breathtaking 360-degree views of the city, oceans and mountains, as well as two private garages, both of which can accommodate three cars, plus four storage rooms. The home could also be reinstated as separate three-bedroom, four-bathroom units, according to the listing description.

On the downside, it’s not a top-floor penthouse (Three Harbour Green has 32 floors), it doesn’t have soaring ceilings of the two-storey units in the building, and it has relatively little outdoor space compared with some of its competitors. Although, at a total of 688 square feet of terraces, that’s still more than many people’s entire condos.

What’s more, being a condo, the luxurious building amenities are all shared with the other residents—and the strata fees are an eye-watering $3,218.51 per month on top of your monthly mortgage.

Last year, each of the two sub-penthouses was assessed at $10.68 million, which is just under $22 million combined (although it’s possible their combination may have raised the value by more than that). Property taxes this year are $56,414.38, so that’s an additional $4,701.17 per month.

This home is not the priciest listing to have ever come from this building. Two years ago, the top-floor, two-storey penthouse was briefly listed at an unprecedented $58.9 million, although the condo was not sold at that price and the listing was terminated. For context, the most expensive condo to have ever sold in Vancouver—and likely Canada—was a combination of the top three floors of the Fairmont Pacific Rim, which went in 2013 for $55 million to a Middle Eastern royal, according to reports.

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