An ultra-prime penthouse in downtown Vancouver, previously listed at $18 million when it was raw and unfinished, has now been finished, furnished and marketed at a whopping near-double the price.
The penthouse at the top, 48th floor of the Residences at Hotel Georgia hasn’t sold since completion in 2012, and has now been finished and relisted at $35.8 million. Listing agents: Malcolm Hasman, Jason Soprovich
The top, entire 48th floor of the Residences at Hotel Georgia, which was completed in 2012, was a previously an almost-empty shell, with just a couple of rooms carved out and lavishly staged. But the unsold penthouse, which was listed at $18M, sat on the market for years as the developer searched for a local buyer who would live in the home and contribute to the building community. The hunt was, apparently, unsuccessful.
Having been taken off the market in 2016, the 7,200-square-foot home has since been divided up into livable rooms, and finished to an ultra-luxe standard by Mitchell Freedland Designs. It was then relisted on June 24, 2019 at $35.8 million, very close to double the original price, despite the softening of the housing market in the intervening years. That new sticker price makes it the most expensive home on Canada’s Multiple Listing System (since this $39 million West Vancouver mansion listing expired).
The penthouse now has four bedrooms, five full and two half bathrooms, huge entertaining and living areas, including a high-tech recreation room with media, billiards, wet bar and wine room.
There is extensive outdoor terrace space as well, including one large sunset-facing terrace that has an outdoor kitchen and bar. Of course, as the penthouse takes up the entire top floor, there are epic 360-degree views of the city, ocean and mountains.
The largest of five terraces has an outdoor kitchen and dining area, with sunset ocean views. Listing agents: Malcolm Hasman, Jason Soprovich
Like all of the Residences at Hotel Georgia, the home enjoys the benefit of hotel amenities, such as the glass-bottomed pool and the gym. Other amenities, like the spa, and services such as housekeeping are “pay as you play” for the residents, although there is no minimum monthly spend with the hotel, unlike some other hotel condos.
The home was valued at $16,658,000 by B.C. Assessment in July 2018, and the owner shelled out $37,584.19 in property tax last year. Monthly strata fees are more than most people’s entire mortgage payments, at $4,154.30.
See more photos:
The lavish kitchen has a casual eating area that is distinct from the formal dining area. Listing agents: Malcolm Hasman, Jason Soprovich
Each of the living and entertaining spaces flows off one another, like this formal dining area. Listing agents: Malcolm Hasman, Jason Soprovich
One of four bedrooms in the penthouse, plus there’s an additional office, all of which have amazing views. Listing agents: Malcolm Hasman, Jason Soprovich
The main living area takes up one corner of the penthouse, and is well separated from the family room. Listing agents: Malcolm Hasman, Jason Soprovich
