Known for its sky-high real estate prices, Vancouver is once again home to B.C.’s most expensive residential properties.
This year’s list of the province’s five priciest properties, newly released by BC Assessment, is essentially unchanged.
B.C.’s most expensive property is famously owned by Lululemon Athletica Inc. (Nasdaq: LULU) founder Chip Wilson, whose home made headlines during last fall’s provincial election after he erected large outdoor signs critical of the BC NDP, including one referring to the governing political party as “communist.”
One costly property outside of Vancouver is James Island, an entire private island off the coast of Sidney which appears to have an 18-hole golf course, a network of roads, an airfield and sandy beaches. Like last year, it is ranked third in the province, now valued at $57,526,000.
Private islands aside, here are this year’s top-dollar properties according to BC Assessment.
1. 3085 Point Grey Rd. in Kitsilano, Vancouver
2025 Assessment: $82,664,000 (+1.1 per cent)
Land: $50,065,000
Buildings: $32,599,000
Property Description: Two-storey custom house built in 2008 with seven bedrooms and nine bathrooms.
2. 4707 Belmont Ave. in Point Grey, Vancouver
2025 Assessment: $71,739,000 (+1.9 per cent)
Land: $36,301,000
Buildings: $35,438,000
Property Description: Three-storey custom house built in 2007 with 10 bedrooms and 16 bathrooms.
3. 4743 Belmont Ave. in Point Grey, Vancouver
2025 Assessment: $44,122,000 (+1 per cent)
Land: $27,157,000
Buildings: $16,965,000
Property Description: Two-storey custom house built in 1992 with five bedrooms and 12 bathrooms.
4. 2815 Point Grey Rd. in Kitsilano, Vancouver
2025 Assessment: $42,943,000 (no significant change)
Land: $41,769,000
Buildings: $1,174,000
Property Description: Two-storey custom house built in 1962 with five bedrooms and six bathrooms.
5. 4719 Belmont Ave. in Point Grey, Vancouver
2025 Assessment: $42,390,000 (+1.2 per cent)
Land: $28,910,000
Buildings: $13,480,000
Property Description: Two-storey custom house built in 1997 with six bedrooms and 11 bathrooms.
Localized data paints mixed picture
This week, BC Assessment also released a table highlighting residential price trends in individual markets.
In the Lower Mainland, sub-market data included City of North Vancouver (-0.9 per cent), District of North Vancouver (+1.3 per cent), District of West Vancouver (-0.8 per cent), City of Vancouver (-0.8 per cent), City of New Westminster (-0.3 per cent), City of Port Coquitlam (+1.3 per cent), City of Port Moody (+1.4 per cent), City of Burnaby (+1.3 per cent), City of Coquitlam (+0.9 per cent), City of Richmond (+0.9 per cent) and City of Surrey (-1.9 per cent).
Each year, July 1 marks the date BC Assessment estimates the annual market value of properties in B.C. The above assessment information for 2025 is based on a July 1, 2024 valuation date.
@JamiMakan
