$14.1M estate breaks record for most expensive home sold in Greater Victoria
A sprawling 67-acre oceanfront property has just broken the record for the most expensive residential sale in Greater Victoria, according to Sotheby’s International Realty Canada.
The estate, located in Metchosin, was listed at a whopping $14.1 million, though exact details on the price, buyer and seller are being kept private, according to Sotheby's.
The property includes a 10,700-square-foot main home with six bedrooms and seven bathrooms plus a half bath, a swimming pool, reflecting pool, hot tub and three-door garage.
The estate also boasts a tennis court, boat launch and bridges that connect the main home from the "guest quarters."
"Unsurprisingly, this property drew steady interest from prospective Canadian and international buyers alike," said Logan Wilson, the estate's listing agent with Sotheby’s International Realty Canada, in a release Tuesday.
"With multiple private beaches and an attached boathouse with a mechanical launch providing direct access to the Salish Sea, the property is an expertly designed beachfront escape."
(Sotheby’s International Realty Canada)
(Sotheby’s International Realty Canada)
The property has been recognized in national awards, including winning the Canadian Architect Award in 2003 and a Lieutenant-Governor’s Award in Architecture in 2008.
Interest in luxury properties in Greater Victoria has surged recently. In July 2020, the average price of a single-family home in Greater Victoria exceeded the $1-million mark for the first time.
At the time, the Victoria Real Estate Board said that the sale of luxury homes had pushed the average prices of homes sold that month into the seven-digit category, though the median cost of a single-family home was still $865,750 for that month.
Since then, interest in luxury properties on the island has remained high, and the average price of single-family homes sold in a given month in Greater Victoria has hovered around or above the $1-million mark.
"Victoria’s luxury real estate market has experienced a surge in interest and activity in recent months," said Wilson.
"The diversity of interest we saw in this property reflects the fact that Victoria is not only increasingly desirable amongst Canadian home and recreational property buyers, but also a coveted destination on the global real estate stage," he said.
CTVNews.ca Top Stories
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
U.S. says Israel's use of U.S. arms likely violated international law, but evidence is incomplete
The Biden administration said Friday that Israel's use of U.S.-provided weapons in Gaza likely violated international humanitarian law but wartime conditions prevented U.S. officials from determining that for certain in specific airstrikes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Mother assaulted by stranger while breastfeeding baby in her car: Vancouver police
A person was arrested in East Vancouver Thursday after allegedly entering a car while a mother was breastfeeding her four-month-old boy.
'We have laws': Premier Smith says police action justified in Calgary
The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.
'State or state-sponsored actor' believed to be behind B.C. government hacks
The head of British Columbia’s civil service has revealed that a “state or state-sponsored actor” is behind multiple cyber-security incidents against provincial government networks.