$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
Trend Line Anger, pessimism towards federal government reach six-year high: Nanos survey
Most Canadians in March reported feeling angry or pessimistic towards the federal government than at any point in the last six years, according to a survey by Nanos Research.
BREAKING Police make arrests in grandparent scam that defrauded victims out of $739K
An interprovincial investigation into an 'emergency grandparents scam' that targeted seniors across Canada has led to the arrest of 14 suspects, Ontario Provincial Police say.
Motion to allow keffiyehs at Ontario legislature fails
A motion to reverse a ban on the keffiyeh within Queen’s Park failed to receive unanimous consent Thursday just moments after Ontario Premier Doug Ford reiterated his view that prohibiting the garment in the House is divisive.
B.C. child killer's lawyer walks out of review hearing
The lawyer representing child-killer Allan Schoenborn walked out of his client's annual review hearing Wednesday – abruptly ending proceedings marked by tense exchanges and several outbursts.
How to avoid the trap of becoming 'house poor'
The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
'Wild, wild west.' Families say organs of deceased Alabama inmates have been removed without their consent
The state Department of Corrections and the University of Alabama at Birmingham face disturbing allegations from the families of five inmates whose organs were removed and reportedly kept without consent, according to a series of lawsuits.
'A living nightmare': Winnipeg woman sentenced following campaign of harassment against man after online date
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
Juror dismissed in Trump hush money trial as prosecutors ask for former president to face contempt
Prosecutors in the hush money trial of Donald Trump asked Thursday for the former president to be held in contempt and fined because of seven social media posts that they said violated a judge's gag order barring him from attacking witnesses.
Why drivers in Ontario, Quebec and Atlantic Canada will see a gas price spike, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.