Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | yourbcagent@gmail.com

Luxury RE-Defined

In the real estate industry, there could be quite different guidelines in individual markets to measure where the luxury market begins and the ordinary ends.

In the Vancouver area, for instance, million-dollar sales are quite ordinary therefore, the term “million dollar and up” is not a sufficient definition of luxury real estate. To define the luxury market as the top 10 percent of any market versus a fixed value, addresses the markets that have properties valued at less than that $1M fixed value but the term defines the class so broadly, it dilutes the very market we are trying to define and the “top ten percent” does not account for uniqueness.

A better definition of luxury home, starting point and qualifier of a luxury property declares it is two to three times the average price of all homes in a particular geographic market. Luxury properties are anything but average…the above definition guarantees that the properties it identifies are indeed luxury and are positioned at the top of the market.

- See more at: http://www.greatervancouverluxuryhomes.ca/luxury-homes-defined/#sthash.WyfzeLSX.dpuf


In the real estate industry, there could be quite different guidelines in individual markets to measure where the luxury market begins and the ordinary ends.

In the Vancouver area, for instance, million-dollar sales are quite ordinary therefore, the term “million dollar and up” is not a sufficient definition of luxury real estate. To define the luxury market as the top 10 percent of any market versus a fixed value, addresses the markets that have properties valued at less than that $1M fixed value but the term defines the class so broadly, it dilutes the very market we are trying to define and the “top ten percent” does not account for uniqueness.

A better definition of luxury home, starting point and qualifier of a luxury property declares it is two to three times the average price of all homes in a particular geographic market. Luxury properties are anything but average…the above definition guarantees that the properties it identifies are indeed luxury and are positioned at the top of the market.

- See more at: http://www.greatervancouverluxuryhomes.ca/luxury-homes-defined/#sthash.WyfzeLSX.dpuf


In the real estate industry, there could be quite different guidelines in individual markets to measure where the luxury market begins and the ordinary ends.

In the Vancouver area, for instance, million-dollar sales are quite ordinary therefore, the term “million dollar and up” is not a sufficient definition of luxury real estate. To define the luxury market as the top 10 percent of any market versus a fixed value, addresses the markets that have properties valued at less than that $1M fixed value but the term defines the class so broadly, it dilutes the very market we are trying to define and the “top ten percent” does not account for uniqueness.

A better definition of luxury home, starting point and qualifier of a luxury property declares it is two to three times the average price of all homes in a particular geographic market. Luxury properties are anything but average…the above definition guarantees that the properties it identifies are indeed luxury and are positioned at the top of the market.

- See more at: http://www.greatervancouverluxuryhomes.ca/luxury-homes-defined/#sthash.WyfzeLSX.dpuf

In the real estate industry, there could be quite different guidelines in individual markets to measure where the luxury market begins and the ordinary ends.



In Vancouver, for instance, million-dollar sales are quite ordinary therefore, the term “million dollars and up” is not a sufficient definition of Luxury real estate. To define our Luxury market as the top 10 percent of any market versus a fixed value, addresses the markets that have properties valued at less than that $1M fixed value but the term defines the class so broadly, it dilutes the very market we are trying to define and the “top ten percent” does not account for uniqueness.



A better definition of a Luxury home, starting point and qualifier of a luxury property declares it is three to four times the average price of all homes in any particular geographic market. Luxury properties are anything but average…these properties are unique and exquisite by way of either view, geographic location, architure, size & grandeur - Or in most cases, all of the above!



 If you have thought about Living and/or Investing here, I can provide you with all the information you need. If you have a place in mind, or would like me to find you that Luxe Home, contact me for a list of potential properties! You can also have you Home advertised on over 20+ websites, including


www.kingslistings.com

www.remaxbespoke.com

www.remax.ca

www.vancouvercondoking.com

www.luxurylandassembly.com





West Vancouver

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1611 DRUMMOND Drive
Point Grey Vancouver V6T 1B7

$17,000,000
Residential Detached beds: 5 baths: 6.0 6,977 sq. ft. built: 1925

Main Photo: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 1: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 2: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 3: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 4: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 5: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 6: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 7: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 8: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 9: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 10: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 11: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 12: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
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Photo 16: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 17: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 18: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 19: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 20: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 21: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 22: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 23: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 24: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 25: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 26: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Photo 27: 1611 DRUMMOND Drive in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2729300
Status:
Sold
Sold Date:
Apr 18, 2023
Listed Price:
$18,800,000
Sold Price:
$17,000,000
Sold in:
197 days
Prop. Type:
Residential Detached
MLS® Num:
R2729300
Bedrooms:
5
Bathrooms:
6
Year Built:
1925
Rare opportunity to own this stunning estate-sized property over 1.3 acres on prestigious Drummond Drive with beautiful ocean & Mountain views.
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
2 Storey w/Bsmt.
Year built:
1925 (Age: 99)
Total area:
6,977 sq. ft.
Total Floor Area:
6,977 sq. ft.
Price Per SqFt:
$2,436.58
Total unfinished area:
490 sq. ft.
Main Floor Area:
2,324 sq. ft.
Floor Area Above Main:
2,068 sq. ft.
Floor Area Above Main 2:
0 sq. ft.
Floor Area Below Main:
2,095 sq. ft.
Basement Area:
0 sq. ft.
No. Floor Levels:
3.0
Bedrooms:
5 (Above Grd: 5)
Bathrooms:
6.0 (Full:5/Half:1)
Kitchens:
1
Rooms:
16
Taxes:
$95,554.7 / 2022
Lot Area:
1.34 acre(s)
Lot Frontage:
205'
Outdoor Area:
Patio(s)
Water Supply:
City/Municipal
Plan:
6583
Heating:
Natural Gas
Construction:
Frame - Wood
Foundation:
Concrete Perimeter
Basement:
Partly Finished
Roof:
Asphalt
Parking:
Garage; Double
Parking Total/Covered:
- / 4
Parking Access:
Front
Exterior Finish:
Other, Stucco, Wood
Title to Land:
Freehold NonStrata
Floor
Type
Size
Other
Main
Living Room
26' × 17'
-
Main
Dining Room
22' × 16'
-
Bsmt
Family Room
18' × 17'
-
Main
Kitchen
14' × 10'
-
Main
Den
18' × 16'
-
Main
Pantry
9' × 8'
-
Main
Laundry
15' × 8'
-
Main
Mud Room
11' × 6'
-
Above
Primary Bedroom
19' × 18'
-
Above
Bedroom
21' × 12'
-
Above
Bedroom
18' × 12'
-
Above
Bedroom
19' × 10'
-
Above
Bedroom
11' × 8'
-
Above
Other
8' × 7'
-
Bsmt
Recreation Room
25' × 17'
-
Bsmt
Other
12' × 7'
-
Floor
Ensuite
Pieces
Other
Above
Yes
4
Above
Yes
4
Above
Yes
4
Above
No
3
Bsmt
No
3
Main
No
2
PLAN 6583 LOT 11 BLOCK 3 DISTRICT LOT 140
Property Disclosure:
Yes
Fixtures Leased:
No
Services Connected:
Electricity, Natural Gas, Sanitary Sewer, Water
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Listed by Macdonald Realty
Data was last updated June 22, 2024 at 03:10 PM (UTC)
Anshu Arora
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