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.

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

 

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

AlleyCATS Okanagan: Pet of the week

Add a little Spritz and Cider to your summer

Kelowna’s COVID-19 cluster jumps to 13 cases

Several areas of the city were exposed to the virus

Air Canada’s non-stop Kelowna to Toronto flights set to resume August 2

Air Canada halted much of its non-stop routes in March due to COVID-19

Rare comet NEOWISE and aurora lights captured in Okanagan

The image was captured over Big Horn Lake near Kelowna with a Pixel 4XL android phone

‘We know people are going to come to Kelowna’: Basran addresses COVID-19 cluster

The mayor said people need to continue following the advice of the medical health officer, Dr. Bonnie Henry

Recent surge in COVID-19 cases not unexpected amid Phase Three of reopening: B.C.’s top doc

Keep circles small, wear masks and be aware of symptoms, Dr. Bonnie Henry says

‘Resistance’ from Interior Health puts races in Penticton on hold

It’s unknown if races planned for this weekend at the Penticton Speedway will take place

Fundraiser kick-started for Vernon woman battling tongue cancer

Woman’s four-year-old twins are the driving force behind her fight

B.C. NDP changing WorkSafeBC regulations to respond to COVID-19

Employers say reclassifying coronavirus could be ‘ruinous’

Oliver Town Hall reopens to public as COVID-19 test comes back negative

Town Hall was closed briefly as a staff member showed multiple COVID-19 symptoms

Lake Country beachgoers reminded to maintain distance amid COVID-19

Signage, park rangers, park patrol students in place to monitor busy beaches in Central Okanagan

RCMP to investigate hate-motivated vandalism in Summerland

Swastikas and other graffiti spray painted on house and at bandshell

Statistical flaws led to B.C. wolf cull which didn’t save endangered caribou as estimated

Study finds statistical flaws in an influential 2019 report supporting a wolf cull

Baby raccoon rescued from 10-foot deep drainage pipe on Vancouver Island

‘Its cries were loud, pitiful and heartbreaking,’ Saanich animal control officer says

Most Read