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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PH3 1151 W Georgia Street
Coal Harbour Vancouver V6E 0B3

$15,800,000
Residential beds: 3 baths: 4.0 3,744 sq. ft. built: 2017

Living room with floor to ceiling windows, stairs, a tray ceiling, and recessed lighting
Photo 1: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
Photo 2: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
Photo 3: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
Photo 4: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
Photo 5: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3014877
Bedrooms:
3
Bathrooms:
4
Year Built:
2017
Perched on the 68th floor of one of Vancouver's most iconic architectural landmarks, Penthouse 3 is a masterpiece in the sky. Designed by Steve Leung Design Group, the interiors of the penthouse are elegantly crafted and inspired by the element of Earth. South-facing with stunning views of English Bay, Stanley Park, North Shore Mtns. Private rooftop terrace boasts a custom Whirlpool hot tub that comfortably seats 4-6 people - perfect for unwinding while taking in the sunset vibes!
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
Penthouse
Ownership:
Freehold Strata
Common Interest:
Condominium
Manufactured Type:
Year built:
2017 (Age: 8)
Living Area:
3,744 sq. ft.
Floor Area - Unfinished:
Floor Area - Detached 2nd Residence:
Building Area - Total:
3,744 sq. ft.
Rainscreen:
Bedrooms:
3 (Above Grd: 3)
Bathrooms:
4.0 (Full:3/Half:1)
Kitchens:
Rooms:
Taxes:
$40,477.23 / 2024
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Balcony
Pad Rental:
# or % of Rentals Allowed:
Water Supply:
Plan:
EPS2884
Construction Materials:
Concrete, Concrete (Exterior), Glass (Exterior), Mixed (Exterior)
Foundation:
Basement:
Full Height:
Crawl Height:
Roof:
No. Floor Levels:
3.0
Floor Finish:
Floor Area Fin - Above Grade:
Floor Area Fin - Above Main:
0 sq. ft.
Floor Area Fin - Above Main 2:
0 sq. ft.
Floor Area Fin - Main:
3,744 sq. ft.
Floor Area Fin - Below Main:
Floor Area Fin - Below Grade:
Floor Area Fin - Basement:
Floor Area Fin - Total:
3,744 sq. ft.
Heating:
Cooling:
Central Air
Fireplace Details:
Gas
Patio And Porch Features:
Patio, Deck, Rooftop Deck
Parking Features:
Underground, Guest
Parking:
Underground, Guest
# Of Parking Spaces - Total:
# Of Covered Spaces:
Pool Features:
Indoor
Spa Features:
Swirlpool/Hot Tub
Flood Plain:
Suite:
Elevator
Balcony
Indoor Pool, Central Air, Laundry In Unit, Exercise Centre, Sauna/Steam Room, Concierge, Swirlpool/Hot Tub, Elevator
English Bay, Stanley Park
Exercise Centre, Sauna/Steam Room, Concierge, Trash, Gas, Management, Water
2
Swirlpool/Hot Tub
Indoor Pool, Laundry In Unit, Exercise Centre, Sauna/Steam Room, Cooling, Swirlpool/Hot Tub, Elevator
In Unit
Floor
Type
Size
Other
Main
Main
Main
Main
Above
Above
Above
Above
Above
Above
Above
Floor
Ensuite
Pieces
Other
Main
Main
Above
Above
Council Approval:
Income Per Annum:
Oper. Expenses:
Net Operating Income:
Association Fee:
$3,660.87
Age Restrictions:
No
GST Included:
No
Tax Utilities Included:
false
By-Law Restrictions:
Pets Allowed With Restrictions
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Pets Allowed:
Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Cats:
Cats OK
Dogs:
Dogs OK
Home Owners Association:
Yes
Previous Price:
Original Price:
Land Lease:
No
Zoning:
Access to property:
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Telephone Service:
Fencing:
Sewer:
Public Sewer, Septic Tank
Plumbing Details:
Sketch Attached:
Restrictions:
  • Photo 1: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
    Living room with floor to ceiling windows, stairs, a tray ceiling, and recessed lighting
  • Photo 2: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
    Unfurnished room with a city view, expansive windows, and recessed lighting
  • Photo 3: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
    Staircase with a view of city, floor to ceiling windows, baseboards, and recessed lighting
  • Photo 4: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
    Bathroom featuring a freestanding bath, recessed lighting, tile walls, and tile patterned floors
  • Photo 5: PH3 1151 W Georgia Street in Vancouver: Coal Harbour Condo for sale (Vancouver West)  : MLS®# R3014877
    View of patio with a water view, a pergola, and a balcony
Listed by Jovi Realty Inc.
Data was last updated July 14, 2025 at 09:40 PM (UTC)
Area Statistics
Listings on market:
173
Avg list price:
$1,590,000
Min list price:
$370,000
Max list price:
$39,880,000
Avg days on market:
67
Min days on market:
5
Max days on market:
501
Avg price per sq.ft.:
$1,415.25
These statistics are generated based on the current listing's property type and located in Coal Harbour. Average values are derived using median calculations. This data is not produced by the MLS® system.
Anshu Arora