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

$18,800,000
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
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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:
Active
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:
Year built:
1925 (Age: 98)
Total area:
6,977 sq. ft.
Total Floor Area:
6,977 sq. ft.
Price Per SqFt:
Total unfinished area:
Main Floor Area:
2,324 sq. ft.
Floor Area Above Main:
Floor Area Above Main 2:
Floor Area Detached 2nd Residence:
Floor Area Below Main:
Basement Area:
No. Floor Levels:
3.0
Rainscreen:
Bedrooms:
5 (Above Grd: 5)
Bathrooms:
6.0 (Full:5/Half:1)
Kitchens:
Rooms:
Taxes:
$95,554.7 / 2022
Lot Area:
1.34 acre(s)
Lot Frontage:
205'
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Patio(s)
Pad Rental:
# or % of Rentals Allowed:
# or %:
Water Supply:
Plan:
6583
Total Units in Strata:
Heating:
Construction:
Foundation:
Basement:
Partly Finished
Full Height:
Crawl Height:
Roof:
Floor Finish:
Fireplace Details:
Parking:
Parking Total/Covered:
2 / 4
Parking Access:
Driveway:
Exterior Finish:
Title to Land:
Freehold NonStrata
Flood Plain:
Suite:
Floor
Ensuite
Pieces
Other
Above
Above
Above
Above
Bsmt
Main
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Cats:
Dogs:
Units in Development:
Plumbing Details:
Services Connected:
Previous Price:
Original Price:
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Listed by Macdonald Realty
Data was last updated September 26, 2023 at 04:40 AM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$5,680,000
Min list price:
$2,188,000
Max list price:
$59,800,000
Avg days on market:
62
Min days on market:
6
Max days on market:
409
Avg price per sq.ft.:
$1,681.4
These statistics are generated based on the current listing's property type and located in Point Grey. Average values are derived using median calculations.
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Anshu Arora
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.