This estate property at 4040 Casorso Road in Kelowna is listed at $12,998,000. Image credit/www.janehoffman.com

‘Just’ $20M for the most expensive home in the Okanagan

The most expensive home in the Okanagan is listed at just under $20 million

With an average annual wage of just over $52,000 in British Columbia, it is sometimes hard to comprehend that houses are currently for sale worth millions upon millions of dollars.

The most expensive property in the Okanagan is currently listed at just under $20 million, an exorbitant price tag for most and yet a whopping $40 million less than the most expensive home in B.C.

That honour is now held by Belmont Estate in Vancouver, the newest and most exclusive listing in B.C.

The Belmont set a record in the Vancouver real estate market with its price tag of $63 million. Situated on 1.28 acres, the elegant, custom-commissioned and designed 21,977 square-foot property is the family home of prominent billionaires Joseph and Rosalie Segal.

As most B.C. residents will attest, it is not cheap to buy real estate here – nine of the 10 most expensive properties in Canada are found within our provincial borders.

The ‘cheapest’ of those top 10 homes – an 8,500-square-foot mansion in North Vancouver listed at ‘just’ $25 million.

However, all those homes are found within or near the Lower Mainland.

In fact, no home in the Okanagan even came close to breaking into that top 10 list.

The top 10 most expensive homes in the Okanagan range from $7.995 to $19.999 million.

The most expensive listing has been sitting for sale for a number of years now. While it is the most expensive property on the market, researchers did note that its value is more in the 124 acres of land included, rather than the home itself.

Researchers at Point2 Homes just wrapped up their list of the 10 most expensive homes for sale in the Okanagan and Canada.

“The Canadian luxury real estate market definitely has a lot to offer,” writes Point2 Homes.

“Whether it’s ocean-bathed beauties or extravagant rural estates, modern mansions in flashy neighbourhoods or exclusive penthouses, the most northerly country in the Americas clearly caters to tastes of all sorts when it comes to high-end living.”


 

@carmenweld
carmen.weld@bpdigital.ca

Like us on Facebook and follow us on Twitter.

 

Numbers provided by Point2 Homes.

Numbers provided by Point2 Homes.

This estate property at 4040 Casorso Road in Kelowna is listed at $12,998,000. Image credit/www.janehoffman.com

Just Posted

Jaws of life used to extricate injured motorist

A collision took place on Highway 97B near the Countryside Mobile Home Park late Monday afternoon.

Lawyer says RCMP cleared in car wash shooting

Independent report into shooting of Kayman Winter not yet released to the public.

Thrift store volunteer returns Bible to Alberta church

Salmon Arm woman knew documents were meaningful and made efforts to contact parish.

Falkland break and enter turns violent

Man shot in leg after catching unknown people in Falkland residence

Silverbacks’ comeback falters in Alberni Valley

‘Backs face Nanaimo tonight on coast and island road trip

Preparing for the worst

Shuswap emergency responders and arena staff tackle ammonia leak in training exercise

Senior randomly stabbed in B.C. mall food court

Woman arrested after victim, 71, suffers serious injuries

B.C. Liberal hopefuls begin final leadership push

Five MLAs, one outsider pitch policies to party members

Vancouver Island marijuana producer bought by Aphria in $230M deal

Aphria’s annual production forecast increases to 230,000 kgs

UPDATED: ‘Young, innocent’ teen hit during Vancouver shootout dies

15-year-old Coquitlam boy was in a car driving by the scene

Ontario man charged with selling Canadian’s usernames and passwords

Ontario man ran site that peddled billions of pieces of personal data: RCMP

David Emerson quits lumber talks as legal action begins

Former federal minister served as B.C. softwood trade point man

Men accused in Michael Bonin’s murder knew him: IHIT

20-year-old’s body found on a rural service road North of Hope in April

Singer of the Cranberries dead at 46

Her publicist says Dolores O’Riordan died suddenly Monday in London. The cause of death wasn’t immediately available.

Most Read