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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

 

Just Posted

World O’ Words: A little knowledge is a dangerous thing

Ultracrepidarianism: On offering one’s opinion ‘beyond the sole’

Fruitvale tightens water restrictions

Fruivale mayor asks residents to conserve water

Concerned citizens meet with Trail RCMP over criminal activity

Concerned Trail Citizens group alarmed at excessive and violent crime in Silver City

A Kootenay moment in time …

The Needles ferry celebrates 30 years of service this summer

Trail donates pandemic parking proceeds to food banks

For two months, city stopped charging for downtown Trail parking

Man, 54, charged in connection with fatal attack of Red Deer doctor

Doctor was killed in his walk-in clinic on Monday

One dead as fish boat sinks off southern Vancouver Island

Shawnigan Lake-registered Arctic Fox II went down off Cape Flattery, west of Victoria

Landlord takes front door, windows after single B.C. mom late with rent

Maple Ridge mom gets help from community generosity and government

42 more people test positive for COVID-19 in B.C.

The province has recorded no new deaths in recent days

Joe Biden selects California Sen. Kamala Harris as running mate

Harris and Biden plan to deliver remarks Wednesday in Wilmington

Lawsuit launched after Florida child handcuffed, booked and briefly jailed

Suit alleges “deliberate indifference” to what should have been handled as a behavioural issue

Russia approves vaccine, Putin hopes to begin mass production

Critic calls decision to proceed without thorough testing ‘dangerous and grossly immoral’

Doctor slain in Alberta medical clinic was devoted father, husband

Red Deer doctors on edge after attack on colleague who had two young daughters

Most Read