Vancouver Real Estate Blog

Real Estate - Most Expensive Condo Sold In Canada

The Four Seasons Hotel and Private Residences Toronto  celebrates the sale of the most expensive condominium sold in Canadian history. The $28-million penthouse was purchased by an international buyer.

The penthouse occupies the top floor of the 55-storey West Residence building and encompasses 9,038 sq. ft. of living space. Panoramic views of Toronto’s towering skyline, 12-foot ceilings, a floor-to-ceiling glass galleria and four expansive corner terraces. Included in the price is a staff residence in the adjacent 26-storey East Residence building. The staff residence provides the owners with the convenience of separate, private quarters for household staff located on-site.

Located at the northeast corner of Bay Street and Yorkville Avenue, the mixed-use development features a hotel and 210 private residences in two 55- and 26-storey towers.

Construction is well underway with first occupancies and the hotel opening scheduled for summer 2012.

Real Estate For Sale - Canada's largest Home Found In Ontario

The homeis located in Haileybury Ontario. Say What!!! Yes it's a small place about 140 Kilometers north of North Bay on Lake Temiskaming. The home is 65,000 sqft and includes an art gallery, office, swimming pool, squash court, 2 elevators, massive hot tub, gym, boathouse, and 43 arces.

The problem with the home for the selling real estate company are many. First is the old phrase "location, location, location", which this home has none of those requirements. Second problem is that the home has not been finished. It is estimated that their is still about 1 million dollars of expenses before you could say that the house is done. Third there is the real problem with the price tag of 25 million. Fourth, who would buy a home of this calibre, in a remote location that is not finished? It will certainly be interesting to see who finally buys it and at what price. 

To give you a better idea of the size of this home, it is about the same size as Bill Gates’ mansion near Seattle and about 10,000 square feet bigger than the White House. That should put it in focus for eveyone.

The home was once owned by the Grant Family who owned the Ontario based company Grant Forest Products Inc. until the collapse of the housing market. The company produced oriented strand board know as (OBS) which is a similar product to plywood.

http://www.theglobeandmail.com/report-on-business/economy/housing/where-is-canadas-largest-home/article1991391/?from=1991822

Real Estate World Record Sale $221 Million One Hyde Park

 The most expensive apartment sale on record occurred in the United Kingdom and sold for £135.4 million, or about $221 million, according to documents at the national Land Registry. This is a three-floor penthouse at http://www.earchitect.co.uk/london/one_hyde_park.htm  The  buyer is Rinat Akhmetov, http://www.forbes.com/profile/rinat-akhmetov Ukraine’s richest man and 39th riches man in the world, with a net worth of $16 billion.

At 25,000 square feet, the apartment is the same size as the Russian Billionaire Yuri Milner recently bought in  the Silicon Valley Mansion which I blogged about weeks ago.  Yuri Milner only paid  $100 million for his 25,000 square foot home. This sounds like a bargain in comparision.

This unfurnished penthouse, has some very impressive attachments. Like, bullet-proof windows, security which is courtesy of former British Special Forces officers, the complex includes a spa, movie theater, golf simulator, wine cellar, along with art, antiques and furniture from around the world.

The building was developed by brothers Nick and Christian Candy, known as the kings of London’s luxury real estate scene. The new owner is planning to decorate the interior of the property for an estimated $97 million.

• The Real Estalker, a luxury-properties blog, says it's obtained floor plans and some brochure pictures of "a typical 5 bedroom apartment" at One Hyde Park. These pictures are pretty jaw-dropping, and bear in mind that they depict an apartment with 8,500 square feet. "Flat A," as the $221 million penthouse is known, has almost three times as much space.

Real Estate Record Setting Residential Sale - $100 Million Russian Billionaire Buys Silicon Valley Home

The Luxury Housing Market showing signs of recover.

 
  In a transaction which set a record for most expensive U.S. residential sale ever, Russian billionaire Yuri Milner (who heads Digital Sky Technologies) has reportedly paid $100 million for a 25,500-square-foot Los Altos Hills (CA) home which was not even listed for sale. This record-setting sale is just one indication that the wealthy have opened their wallets and are shopping for homes again.

Nationally(USA), the million dollar and above housing market rose 4% in February year-over-year as luxury buyers snapped up homes, often for all cash. The jump in luxury purchases is counter to the real estate resale trend in general in America.  In February, total residential sales dropped 2.8% as compared to February a year ago.

“Evidence of this positive trend for luxury home sales is evident in Vancouver Canada too,” said Mitchell Mingie, a Luxury Real Estate professional with Re/Max Crest Realty(Westside). We have seen the market out pace itself. With home prices climbing 18% and more in area's like the Westside of Vancouver. 

 “While we don’t have triple digit luxury homes in our market,” said Mingie, we currently have 520  homes priced at $1 million or more listed for sale in Vancouver West from January 1st 2011. 9 Homes are over 10 million dollars and the most expensive home is listed for 19.8 million. In West Vancouver since January 2011, we have 351 homes listed for sale. 8 of those homes are over 10 million and the most expensive home for sale locally has an asking price of $39.9 million.  945 million dollar plus properties have sold since January 2011.  The most expensive home sold locally was $11.98 million on February 18th 2011 for a 1952 rancher on a 59,865 lot size in the UBC area.

 Why the rise in luxury sales?  According to Laurie Moore-Moore, Founder of The Institute for Luxury Home Marketing, an organization which trains luxury agents internationally, “The number of wealthy households in the U.S. and world-wide is almost back to where it was before the downturn.  Add the fact that many high net worth individuals are reassessing their investments and rethinking how and where to invest.  High-end U.S. residential real estate is now attracting many of these dollars, Euros, and Rubles. This bodes well for the luxury home market in the short term.  Luxury may well be the real estate segment that leads the recovery.” 

 

The Billion Dollar Home(Antilia) is ready for Occupancy

The world’s first billion-dollar home. As of this week, that claim to fame is now a reality as the home is apparently completed and ready to welcome its owner, one of the richest men in the world, Mukesh Ambani. As reported by Kathleen Carlin-Russel, editor in Chief of Unique Homes



Ambani is the chairman of Reliance Industries, India’s largest private sector company. His personal wealth is estimated at about $29 billion and Forbes named him the fourth richest man in the world.

The building which is called  Antilia took seven years to complete and begins with the home’s lavish “lobby,” offering nine elevators. The home’s reported 37,000 square feet include such features as a two-story health club, a 50-seat theater, a ballroom and a four-story hanging garden. Other highlights include multiple safe rooms, a dance studio, a swimming pool and the three heli-pads on the roof.

to name just a few features.

http://links.mkt2452.com/servlet/MailView?ms=MzM1NDUxOQS2&r=MTU2MDg0MjAxMDMS1&j=MjAxNDg0Mjg3S0&mt=1&rt=0

"Antilla" in Mumbai is the most expensive home for sale

The world’s most expensive home is a custom-built 27 story - home, tower. Located in Mumbai. The owner of this home is Mukesh Ambani, head of Indian petro-chemical giant Reliance Industries. The reported cost of building this unique home was 2 Billion dollars.

To read more about this home follow the link  Antilla in Mumbai is the home of the world’s fifth richest man, 

Villa Leopolda back on the market 506 million

Russian Billionaire loses his deposit on the property as he reneged on completing the sale. The Villa Leopolda Chateau is 80,000 square feet, built in 1902 by King Leopolda ll of Belgium

Most expensive house in the world

The most expensive house in the world is the Villa Leopolda. Located on a hill above the French Riviera. It was bought by Russian Billionaire. to read more and see a news report see the link below.

Most expensive house in the world- $750M