PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.

The large home, located on ALR land, is one of the last new mansions to legally be built on ALR land

A controversial mega-mansion in Richmond could be yours – for the price of nearly $22 million, or $1 million per thousand square feet.

The mansion, which was officially listed on Friday (July 10), features nine bedrooms and 11 bathrooms and is located on a 10-acre property at 9431 No. 6 Road.

The extremely large home is one of the last mega-mansions legally built in B.C. In 2018, the provincial government passed legislation that bans the building of houses larger than 20,000 square feet on Agricultural Land Reserve, instead capping homes to less than about 5,400 square feet.

Inside, the home includes a series of chandeliers, a media room and gym. In the back yard, it also features a large chess board and seating area surrounded by a fountain pond.

ALSO READ: Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

On Wednesday, the Bank of Canada said in a monthly outlook report that the pandemic is expected to slow housing activity over the next few years with the ripple effects of the country’s economic downturn, as well as lower immigration.

In B.C., home sales and prices have started to rise in the face of the pandemic. BCREA chief economist Brendon Ogmundson said in a news release on Tuesday that the average price for a single-detached home was roughly $748,000 – up slightly from the $729,000 in May and a 9.1 per cent increase from June of last year.

“Sales around the province surged back to pre-COVID-19 levels in June,” Ogmundson said.

“While there are some temporary factors that may have pushed demand forward, we are cautiously optimistic that market activity will remain firm.”


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Real estate

 

Just Posted

Young deckhands backed out of fatal Arctic Fox II trip just before the fishboat departed

Inexperienced twin brothers had ‘gut feeling’ and bailed before going to open ocean

High-volume littering at Cape Scott draws ire from hiking groups

Popular Vancouver Island hiking spot not closing, but frustration about crowding grows

Hearing begins into blind community’s complaint against BC Transit, City of Victoria

Complainant says bike lane infrastructure biased against blind pedestrians

More than $800,000 in suspected cocaine seized from ship near Victoria

RCMP Dive Team suspects more narcotics had been stored below ship’s waterline

One man in hospital with severe injuries after small fire in Victoria apartment building

Man was found by firefighters responding to multiple 911 calls about smoke on third floor

B.C. records new COVID-19 death, 85 more cases; Horgan calls on celebrity help

This brings the total number of active confirmed cases to 531 across the province

Old-growth forest defenders in Campbell River call for B.C. forest minister’s resignation

Protestors outside North Island MLA’s office ask government to stop old-growth logging

Teachers to get 2 extra days to prepare for students’ return, now set for Sept. 10

Students will first start with orientation and learn rules of COVID-19 classroom policies

SFU to drop ‘Clan’ varsity team name

The ‘Clan’ name is shortened from ‘Clansmen,’ and was introduced roughly 55 years ago

Police investigating string of break-ins at closed Saanich care home

Electronics, tools reported stolen from Mount Tolmie Hospital

New Tory leader must build a strong team in Commons and for the campaign: Scheer

Scheer marked his final day in the House of Commons today as leader of the Opposition

B.C. to hire 500 more COVID-19 contact tracers ahead of fall

Contract tracers add an ‘extra layer’ in the fight against the novel coronavirus

37-year-old man missing from Cobble Hill area

He is described as a First Nations man, 5 foot 8 in height

Feds commit $305M in additional funds for Indigenous communities during COVID-19

Money can be used to battle food insecurity and support children and mental health

Most Read