Absurd Vancouver Property (February 7th, 2013)

Well (*claps hands and rubs them together*), things should be getting fired back up again after the Christmas slump in Vancouver Real Estate.

Prices are taking a bit of a dip, however.  Wonder what $1.3 million will get you these days.

In LaLa Land, you can scoop up the former home of American Idol contestant, David Cook:

david-cook-house-inside-photos-0112-480w

 

The 3,000 square foot home features a recording studio, customized yard and a spectacular view of the Hollywood sign.

In nearby Malibu, you could enjoy vistas of the ocean from this property:

malibu 1.3

 

At $1.35 million this home has 5 bedrooms, 5 bathrooms and sits on over 5 acres of cliffside land.

Back in Canada, this fully renovated High Park home is on the market for $1.3 million:

toronto 1.3

This home has had a complete, back-to-the-studs renovation.  It is gorgeous.

…it is the end result Vancouverites dream of when they buy homes like this one, near Douglas Park:

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Before you get your knickers in a knot about “lot size”…this is a standard 33 x 122 ft. lot.

Vancouver…are you f*%#ing kidding me?!

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5 Comments

  1. Wow! That Toronto home really is gorgeous – a forever home. It doesn’t compare to the Vancouver home at all, does it! I think if I won the home lottery here in Vancouver, I’d have to consider taking the cash and running to Toronto for that home ;)

    • Toronto sounds like a plan, until you notice that it was -18 there this week…I cycled 100km in Vancouver this week and skied twice at Grouse with my kids in glorious sunshine…can’t do that in T.O.

      As always, I’ll happily pay the premium for the lifestyle and amenities we enjoy out here on the coast. Worth every penny on a day like today.

  2. Haha.
    Serioisly, why dont more people renovate? Are there are different groups of homeowners: the more well to do (Chinese immigrsnts or foreign investors) who can pay these prices and fix it up like the Toronto house, and the other group, households who have been in the same house for decades and eant to cash out in the good times.
    Are home renovation businesses doing ok?
    As long as rental yields are still high enough to pay off mortgages, the system doesn’t implode until variable rates go up (and only if they keep going up and ability to pay weakens – employment).

  3. Your commentary is funny and entertaining as always.
    It’s absurd indeed, but a year ago this house would have been listed a f*%#ing absurd half a million more. I think a trend is forming.

  4. A corner lot at 7th and Trutch in a great Kits location sold a couple weeks ago for $1.295M. I know that Douglas Park has become a hot area in recent years but I still think Kits is more valuable. This seems overpriced to me by at least $100k.

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