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.dpufIn 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.dpufIn 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.dpufIn 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
1638 W 40TH Avenue
Vancouver
V6M 1V9
$8,480,000
Residential Detached
beds: 5
baths: 8.0
8,438 sq. ft.
built: 2002
- Status:
- Sold
- Sold Date:
- Jun 15, 2023
- Listed Price:
- $9,380,000
- Sold Price:
- $8,480,000
- Sold in:
- 101 days
- Prop. Type:
- Residential Detached
- MLS® Num:
- R2757269
- Bedrooms:
- 5
- Bathrooms:
- 8
- Year Built:
- 2002
- Property Type:
- Residential Detached
- Dwelling Type:
- House/Single Family
- Home Style:
- 2 Storey w/Bsmt.
- Year built:
- 2002 (Age: 22)
- Total area:
- 8,438 sq. ft.
- Total Floor Area:
- 8,438 sq. ft.
- Price Per SqFt:
- $1,004.98
- Total unfinished area:
- 0 sq. ft.
- Main Floor Area:
- 3,381 sq. ft.
- Floor Area Above Main:
- 1,438 sq. ft.
- Floor Area Above Main 2:
- 0 sq. ft.
- Floor Area Below Main:
- 0 sq. ft.
- Basement Area:
- 3,619 sq. ft.
- No. Floor Levels:
- 1.0
- Bedrooms:
- 5 (Above Grd: 4)
- Bathrooms:
- 8.0 (Full:6/Half:2)
- Kitchens:
- 2
- Rooms:
- 20
- Taxes:
- $58,366.4 / 2022
- Lot Area:
- 17,100 sq. ft.
- Lot Frontage:
- 90'
- Lot Depth:
- 190
- Rear Yard Exposure:
- South
- Outdoor Area:
- Balcony(s), Fenced Yard
- Water Supply:
- City/Municipal
- Plan:
- VAP5552
- Heating:
- Natural Gas, Radiant
- Construction:
- Frame - Wood
- Foundation:
- Concrete Perimeter
- Basement:
- Full, Fully Finished
- Roof:
- Wood
- Floor Finish:
- Other, Tile
- Fireplaces:
- 2
- Fireplace Details:
- Gas - Natural
- Parking:
- Garage; Triple
- Parking Total/Covered:
- 4 / 3
- Parking Access:
- Lane
- Exterior Finish:
- Mixed, Stucco
- Title to Land:
- Freehold NonStrata
- Floor
- Type
- Size
- Other
- Main
- Family Room
- 24'11" × 15'10"
- -
- Main
- Dining Room
- 21'11" × 15'2"
- -
- Main
- Kitchen
- 15'3" × 15'1"
- -
- Main
- Wok Kitchen
- 7'4" × 7'4"
- -
- Main
- Primary Bedroom
- 24'7" × 17'
- -
- Main
- Living Room
- 20'2" × 14'6"
- -
- Main
- Eating Area
- 15'6" × 11'9"
- -
- Main
- Office
- 14'2" × 10'11"
- -
- Above
- Bedroom
- 15'1" × 14'3"
- -
- Above
- Bedroom
- 15'2" × 13'7"
- -
- Above
- Bedroom
- 16'2" × 12'2"
- -
- Bsmt
- Bedroom
- 19'1" × 15'3"
- -
- Bsmt
- Recreation Room
- 26' × 19'5"
- -
- Bsmt
- Media Room
- 24'6" × 15'3"
- -
- Bsmt
- Other
- 59'6" × 22'11"
- -
- Bsmt
- Laundry
- 10'8" × 5'8"
- -
- Bsmt
- Sauna
- 5'3" × 4'9"
- -
- Bsmt
- Storage
- 14'1" × 10'3"
- -
- Bsmt
- Bar Room
- 10'5" × 8'11"
- -
- Bsmt
- Den
- 8'6" × 8'4"
- -
- Floor
- Ensuite
- Pieces
- Other
- Main
- Yes
- 6
- Main
- No
- 2
- Above
- Yes
- 4
- Above
- Yes
- 4
- Above
- Yes
- 4
- Bsmt
- Yes
- 4
- Bsmt
- No
- 2
- Bsmt
- No
- 3
- Air Conditioning, Clothes Washer/Dryer/Fridge/Stove/DW, Dishwasher, Garage Door Opener, Microwave, Security System, Wet Bar
- Air Cond./Central, Pool; Indoor, Sauna/Steam Room, Swirlpool/Hot Tub
- LOT 6, BLOCK 4, PLAN VAP5552, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT, OF LOT 9
- Property Disclosure:
- No
- Fixtures Leased:
- No
- Services Connected:
- Electricity, Natural Gas, Sanitary Sewer, Storm Sewer, Water
-
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please create a free account
- Anshu Arora
- Re/Max Central
- 1 (604) 8287331
- yourbcagent@gmail.com
Anshu Arora
When you are ready to see a listing in person, or just have a simple question, please don't hesitate to contact me!
Contact Me
Anshu Arora
Cell 604-828-7331
#1 5050 Kingsway St
Burnaby, BC
V5H 4C2
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.