Developer in Richmond, Greater Vancouver, selling home for $24 million
A developer in Richmond is selling his 22,000 square foot country style manor home, on 20 acres of property, for a cool $24 million.Called “Ivy Manor,” the property boasts a proper English garden landscaped for horseback riding, a barn with stalls for five horses, a five-pin bowling alley, and a six-car garage.
It isn’t the most expensive property for sale in BC. A waterfront mansion in Oak Bay near Victoria has that honour. It’s listed for $29 million.
From http://www.news1130.com/news/local
Developer Milan Ilich is attempting to notch a new entry in Vancouver’s ultra high-end real estate market by listing his and his wife Maureen’s equestrian estate property, known as Ivy Manor, for $24 million.
The property, which realtor Jamie MacDougal plans to have on the Multiple Listing Service by the end of the week, comprises a 22,000-square-foot country manor-style home set on 20 acres, half of which is landscaped into a lavishly manicured English garden, and half that has been groomed for equestrian use.
An immaculate barn with stalls for five horses is one of the buildings located on the property, situated past the Steveston Highway at the bucolic end of No. 3 Road in Richmond.
A $24-million price wouldn’t be out of the question for an estate property the size of Ivy Manor, according to Malcolm Hasman, one of Vancouver’s leading realtors in the luxury market.
Hasman, who is with Angell & Hasman Associates in West Vancouver, wasn’t yet aware of this specific listing, but noted “there are so few large estate properties for sale in the Lower Mainland, it would not surprise me if an out-of-country buyer purchased it.”
While Vancouver’s overall real estate market is slowing down, the upper echelon he operates in, and where the Ivy Manor is situated, remains brisk, Hasman added.
“There’s no question the real estate market is going through a change,” he said, with sales slowing and prices “set too high at unrealistic levels” being readjusted.
However, he still sees significant numbers of high-net-worth buyers being drawn to Vancouver, many of them from Mainland China.
“They still see incredible value in [Vancouver] properties at current prices compared to other cities in North America,” Hasman explained.
Currently, there are 65 homes in B.C. listed at prices above $7.5 million, the most expensive a $29-million waterfront mansion in Oak Bay near Victoria.
Just in the last week, Hasman said, Vancouver has seen two sales in the $10-million-or-over range.
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