Price: $9,800,000 | Size: 3000 sq. ft | Age: 1935 | Lot Size: 31,753 sq. ft | Beds: 3 | Baths: 2.5 | Taxes: $19,240.32

Exceptional Waterfront Opportunity!

Offered for sale is a rarely available, absolutely private waterfront legacy estate. Don’t let the Marine Drive address fool you, this property is nestled down a quite country lane, far removed from any traffic or noise. The 31,753 sq. ft property is one of the largest available and meanders towards the coastline offering easy access to the water. With 72’ of frontage and 93’ of natural shoreline the property can easily accommodate an architecturally significant new-build. You will be impressed by the vastness of the rolling lawns and the beauty of the rock pool which is filled naturally by the ocean. Rarely does a property come available that offers view and location without compromising privacy. This home lies among $20,000,000+ properties and thus represents a stellar value.

Heritage Revitalization Opportunity

The existing circa 1935 3 Bed/2.5 Bath nearly 3000 sq. ft is a traditional log cabin that is recognized as significant by the district of West Vancouver. The status affords no protection to the house, just the possibility to subdivide in exchange for offering protection for the house.

For more information on heritage in West Vancouver please visit the following site:

https://westvancouver.ca/home-building-property/planning/heritage/community-heritage-register

Holding Opportunity

The house is currently lease to a fantastic tenant for $4000/m which will help offset holding costs before redevelopment begins.

Conclusion:

At $9,800,000 this property represents an incomparable value in today’s market.

When considering the prime Caulfield location, sheer size of the property and the unquantifiable redevelopment opportunities you would be hard pressed to find a more complete package.

Please call Jesse at 604-375-8896 for more details.

 

The Property

The House

 

Thank you for visiting my website, please don’t hesitate to contact me for further information about any of my listings. You can also reach me directly at 604-375-8896