With assessed property values relatively static over the past year, not much has shifted on the list of the North Shore’s priciest properties.
But based on the most current values, released by BC Assessment on Jan. 2 and based on the market as of July 1, 2024, there were at least some switcheroos to keep things interesting at the top of the list of the most-expensive homes in West Vancouver and North Vancouver.
Once again, all of the top-assessed North Shore properties were in West Van, where the median value was $3,052,000 – virtually unchanged from the year before. Here are the top-five homes.
Unsurprisingly, the priciest property, per BC Assessment, is the West Coast Modern-inspired waterfront mansion at 330 Radcliffe Ave.
Valued at $35.25 million, it was the 11th top-assessed residential property in the province. It’s also currently the most-expensive home for sale in the country, on the market for $58.8 million since listing on Sept. 16, 2024.
Designed by renowned architect Russell Hollingsworth, the home increased in value by 2.6 per cent over its 2023 assessment of $34.4 million. The $35.25-million assessment is a new record for the property, slightly above its previous zenith in 2017.
The second-priciest property on the North Shore at 2588 Bellevue Ave., another Hollingsworth-designed dwelling in Dundarave, held its spot with a $27.22-million assessed value.
The assessment of the 9,000-square-foot home continues to erode slightly, down another two per cent this year, following a three-per-cent decline the year before. But it’s still the 35th highest in B.C.
West Bay a hotbed for residential property value
One small surprise on this list is a flip-flop between the third- and fourth-most highly valued properties.
Representing West Bay, the mansion at 3378 Radcliffe Ave. climbed onto the podium, with a $26.76-million assessment – up two per cent. The modernist masterpiece was designed by Lamoureux Architects and Paul Sangha Landscape Architects. Last year its value shot up by nearly 50 per cent after being bought for $32.8 million in a private sale.
This year, it was ranked 37th highest in the province.
At number four, the British Properties home at 1690 Marlow Place was assessed at $26.4 million. That’s more than a two-per-cent fall from $27 million last year. It's 41st in B.C.
Holding fifth position was another waterfront monster in West Bay at 130 Oxley St. Ranked 49th priciest in the province, its assessment climbed by more than three per cent to $25.2 million, compared to $24.4 million the previous year.
Closing out the top-50 highest assessed homes in B.C. is another waterfront mansion in the same area of West Van, at 3110 Travers Ave. It gets an honourable mention on this list, adding five per cent to its value over the past year to $25.2 million.
Down the provincial list in the 205th spot is the most-expensive property in the District of North Vancouver. The secluded 14-acre compound in the forest overlooking Deep Cove, 2250 Indian River Cres., was assessed at $16.4 million.
Its value rose by nearly four per cent over last year’s assessment at $15.8 million. The lot features a 9,000-square-foot custom home, along with a pond and Japanese-style garden. But most of the property value lies in its potential to be subdivided.
In 2017, it became the most-expensive lot to ever list in North Van, with a $36.2-million price tag.
The most-expensive homes in the City of North Vancouver sit in high-rise condo towers in the Lower Lonsdale neighbourhood.
The penthouse suite at 1301-199 Victory Ship Way fell again to $8.68 million, down from $8.99 million the previous year. It was assessed at $10.4 million the year before that.
Meanwhile, the second-highest assessed City of North Vancouver property, located at 901-185 Victory Ship Way, inched up slightly to $6.7 million, from $6.6 million last year.
