MLS V820366, 3501 Point Grey Road, tear-down house, 49.5 x 160 lot (7920 sqft of land, $1070/sqft), asking price $8,480,000
[Location, location, location: Non-waterfront Westside comp: MLS V822198, 3499 39th Ave West, in Kerrisdale, a 61 x 106.5 corner lot, initial ask of $1.7M 6 April 2010, then dropped ask of $1.5M. Sold for $1.3M 27 May 2010 (6497 sqft of land, $200/sqft)]
What a rip off…why buy that when you can have 1.2 acres for 2.5 million less steps from spanish banks and UBC
MLS® V825520
I mean, if money really is no object ;P
The house is sitting on a steep edge with no updated reinforced retaining wall. Try visualize the effect of a mud slide.
“Sold for $1.3M 27 May 2010″
So the new owner is trying to flip it for $8.5M in just a few weeks. WOW! [Please re-read, that is a different Westside property for comparison -ed.]
The media has been drumming up news of hoards of buyers arriving from Beijing and Shanghai this coming August. But this time they are heading to North Shore.
The 3501 Point Grey house is NOT sitting on a steep edge. If you look at the property on Google Earth, or in person, you’ll see that the house is set closer to the road and has the largest back yard on the whole waterfront side of that area. The backyard hasn’t moved in 100 years and wouldn’t be in any danger of a “mudslide” even in the event of an earthquake.
Moreover, the 3501 house has been in the family since it was built. It has never been sold, as suggested by the earlier poster. I thought I’d clear this up as the misconceptions bothered me.
Thanks, friend. [As we had already noted above, it's clear 'world' got properties confused.]
Is the ask price still $8.5M?
It is; however, they are reconsidering a lower price for a re-listing I believe.