James Island. (Sotheby’s International Realty photo)

Here’s the one property among B.C.’s 10 priciest that’s not in Vancouver

James Island, the 770-acre property is the second largest privately owned island in the region

It’s no surprise that Vancouver is home to almost all of the highest valued properties in B.C. Assessment’s 2019 data. But what about the one property that isn’t?

Among the scattering of small islands among the Gulf Islands lies James Island. Owned by billionaire Craig McCaw through his company JI Properties, the 770-acre parcel is the second largest privately owned island in the region.

It features one main house, six guest homes, a private airstrip and an 18-hole golf course.

Formerly home to a munitions plant, the island highlights an inflating trend seen over the past two decades in B.C.’s housing market.

McCaw bought it for $19 million in 1994. Now, it’s valued at nearly $51 million, with the buildings valued at $5.8 million, making it the third top valued property in the province.

READ MORE: Tsawout First Nation sues for the return of James Island

Other mega-properties to top the list include Lululemon founder Chip Wilson’s Kitsilano home, at 3085 Point Grey Rd., valued at a cool $73 million – $2 million less than in 2017.

On Belmont Avenue not far away lies a 10-bedroom mansion valued at $65 million. The Vancouver street, known for its waterfront views, is home to five other top-valued properties.

Here are B.C.’s priciest properties of 2019:

  1. 3085 Point Grey Rd., Vancouver – $73,120,000
  2. 4707 Belmont Ave, Vancouver –$65,466,000
  3. James Island, James Island – $56,757,000
  4. 4719 Belmont Ave, Vancouver – $41,203,000
  5. 2815 Point Grey Rd, Vancouver – $39,961,000
  6. 4743 Belmont Ave, Vancouver – $37,724,000
  7. 4773 Belmont Ave, Vancouver – $35,880,000
  8. 4857 Belmont Ave, Vancouver – $35,621,000
  9. 3489 Osler St, Vancouver – $35,157,000
  10. 2999 Point Grey Rd, Vancouver – $35,012,000

@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Man sentenced for tying up, assaulting and robbing another man at Nanaimo hotel

Gabriel Stephen Nelson robbed and assaulted travelling businessman in 2017

Parksville man ‘parks’ horse during liquor store pit stop

As long as animal wasn’t jaywalking, no problem, says city official

Parksville roundtable highlights need for affordable housing, recreation

Mayor Ed Mayne held facilitated event in January to hear visions for city, council

RDN to form new group to replace Northern committees

Recreation commissioners disappointed with the decision

Second delivery of building units for 222 Corfield in Parksville arrives March 21

Vehicles should expect intermittent single-lane alternating traffic

VIDEO: Can you believe it? This B.C. hill pulls cars backwards up a slope

Sir Isaac Newton had clearly never been to this Vernon anomaly when he discovered gravity

B.C. launches immunization program at schools to stamp out measles resurgence

Vaccination records to be checked at B.C. schools next fall

Couple rescued after Sea to Sky Gondola refused ride down hill

‘We were cold as hell, my lips were blue. I cried the entire way down’

Having phone within sight while driving does not violate law: B.C. judge

The mere presence of a cell phone within sight of a driver is not enough for a conviction, judge says

B.C. man sentenced for tying up, assaulting and robbing another man at hotel

Gabriel Stephen Nelson robbed and assaulted travelling businessman in Nanaimo in 2017

B.C. girl and her toy monkey make videos to fight negativity on Facebook

Ava Ast created the Ava and Cello’s Good Deed Page last month

Deadline extended through April to nominate top B.C. educators

Second year of Premier John Horgan’s awards offers $3,000 bursary

Paramedic staff shortage at critical level: B.C. union

A number of units were out of service due to lack of staffing in Lower Mainland, union says

B.C. lottery winner being sued by Surrey co-workers

They claim he owes them $200,000 each, in a lawsuit filed in B.C. Supreme Court in Vancouver

Most Read