historic-vancouver-home-still-for-sale-despite-millions-in-price-drops
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Historic Vancouver home still for sale despite millions in price drops

ByAmir Ali

HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”

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A Vancouver home that has been listed on and off since 2018 still hasn’t found a buyer despite millions in price drops.

The most recent assessed value, pegged by BC Assessment at $5,578,000, is much lower than the asking price.

Located on 1416 Acadia Road, the Vancouver home is currently listed for $9,998,000. It has been listed numerous times since 2018, and the asking price has steadily dropped.

Angell, Hasman & Associates Realty

The ocean-view estate is in what the listing calls “Vancouver’s most coveted University Endowment Lands.”

It features five bedrooms, six bathrooms, and 7,070 sq ft of space on a 20,800 sq ft lot. It’s massive.

The listing also calls the home a “historic masterpiece,” which makes sense as it was built in 1935.

vancouver home

Angell, Hasman & Associates Realty

Interior shots reveal an exquisitely staged home, and it’s easy to see why the owner values it so highly. Despite the historic home’s size and design, BC Assessment only values the building at $712,000.

Angell, Hasman & Associates Realty

The home was listed for $18,980,000 in 2017, but that listing expired in 2018. The year after, it was listed again for $15,888,000, but that listing also expired.

Angell, Hasman & Associates Realty

In 2019, it was listed again with another price drop, down to $13,980,000. That listing expired in 2020 and stayed off the market for three years. It wasn’t listed again until 2023 when the asking price dropped to $10,500,000. That listing expired in 2024.

After that, it was listed twice more at the same price. One of those listings expired, and the other was terminated this August. Finally, it was listed earlier this week for $9,998,000.

Angell, Hasman & Associates Realty

The home features walk-out access to a private garden terrace and an outdoor summer dining area overlooking Pacific Spirit Park.

Angell, Hasman & Associates Realty

The sink area in this bathroom is a sight to behold.

Angell, Hasman & Associates Realty

“The entire property has been [professionally] landscaped and is beautifully illuminated at night with dramatic effect,” the listing says.

vancouver home listing

Angell, Hasman & Associates Realty

If you had all the money in the world and could make a bid on this home, what would you offer?

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THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. 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