$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
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
LeBlanc says he plans to run in next election, under Trudeau's leadership
Cabinet minister Dominic LeBlanc says he plans to run in the next election as a candidate under Prime Minister Justin Trudeau's leadership, amid questions about his rumoured interest in succeeding his longtime friend for the top job.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn’t over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball’s highest scorer Caitlin Clark’s first news conference as an Indiana Fever player.
U.S. vetoes a widely supported UN resolution backing full membership for Palestine
The United States has vetoed a widely backed UN resolution that would have paved the way for full United Nations membership for the state of Palestine.
Grandparent scam suspects had ties to Italian organized crime, police allege
A group of suspects that allegedly defrauded seniors across Ontario and other parts of Canada using a so-called emergency grandparent scam appear to have ties to 'Italian traditional organized crime,' according to an investigator involved in the OPP-led probe.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Cat found on Toronto Pearson airport runway 3 days after going missing
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
N.L. gardening store revives 19th century seed-packing machine
Technology from the 19th century has been brought out of retirement at a Newfoundland gardening store, as staff look for all the help they can get to fill orders during a busy season.