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.

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

Just Posted

Saanich farm stands can stay open

Council amending bylaw to allow for temporary use permits

Greater Victoria’s first BC Cannabis Store could open at Saanich shopping centre

Store application for Uptown Shopping Centre headed for public hearing

Study looks at feasibility of Vancouver Island abattoir

South Island Prosperity Partnership funds study looking at local meat processing

Royal B.C. Museum reopens in phases, some galleries remain closed to start summer

Victoria museum and archives open first galleries June 19

B.C. records no new COVID-19 deaths for the first time in weeks

Good news comes despite 11 new test-positive cases in B.C. in the past 24 hours

Tahsis opens its gates to visitors to save local economy

Seasonal local businesses that rely on tourism hope to survive despite drop in tourist numbers

BC Corrections to expand list of eligible offenders for early release during pandemic

Non-violent offenders are being considered for early release through risk assessment process

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

Fraser Valley driver featured on ‘Highway Thru Hell’ TV show dies

Monkhouse died Sunday night of a heartattack, Jamie Davis towing confirmed

Island city cancels plan for homeless camp; exploring alternative option

The plan heard strong objection from neighbouring residents and businesses

B.C. visitor centres get help with COVID-19 prevention measures

Destination B.C. gearing up for local, in-province tourism

36 soldiers test positive for COVID-19 after working in Ontario, Quebec care homes

Nearly 1,700 military members are working in long-term care homes overwhelmed by COVID-19

Most Read