September 13, 2012

West Vancouver home sells for $1 million over asking price

625 Southborough Dr., West Vancouver

Type: detached house on 0.63 acres
Size: 1,400 sq. ft
B.C. Assessment, 2012: $2,372,300
Listed for: $1,888,000
Sold for: $2,810,000
Sold on: July 28
Days on market: 4
Listing agent: Shelley Williams at RE/MAX Crest Realty
Buyers agent: Jonathan Lu at Royal Pacific Realty

The big sell: There are some neighbourhoods in the Lower Mainland that automatically generate excitement when a property comes on the market, offering buyers the opportunity to build their dream home. West Vancouver’s British Properties is one such community where multi-million-dollar homes have been created in one of the most exclusive enclaves in the area. This property on Southborough Drive produced seven offers as soon as it was listed. Not for the house — a 1957 rancher that was not even shown when the property was viewed by potential purchasers — but for the 27,878-square-foot parcel of land on which it sat. Listing agent Shelley Williams explains that on a property of this size, a 12,000-square-foot house can be built over three levels comprising a main floor, an upper floor and a basement. Factor in a south-facing lot, and spectacular panoramic views that could be enjoyed from the second floor of a new home, and a winning bid resulted in a sale of almost $1 million over the listed price.

These transactions were compiled by Nicola Way of and
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