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

Saik’uz resident urges other indigenous students to apply for award

Irving K Barber scholarship deadline is March 31st

B.C. minister says rural internet is ‘railroad of the 21st century’

Jinny Sims talks details about the $50-million provincial and possible $750-million federal funds

Photos: Ice show by Nechako Figure Skating Club

Day packed with performances from soloists and star teams

Photos: Dear Edwina Jr. at McLeod Elementary

Energizing and captivating performance by students of the school

Community Futures in Vanderhoof aim to boost entrepreneurial spirit through pilot project

Ideas to Market based on collaboration says general manager

‘Full worm super moon’ to illuminate B.C. skies on first day of spring

Spring has sprung, a moon named in honour of thawing soil marks final super moon until 2020

Bodies of two missing teens recovered in reservoir along Kootenay river

Volkswagen Beetle drove off the road down a steep embankment and into the Pend d’Oreille River Sunday

40 records broken across B.C. as hot streak continues

Abbotsford hottest spot in Canada on Tuesday

B.C. wildfire prevention budget bulked up as dry spring unfolds

Night vision goggles tested for early detection effort

Vancouver driver ticketed twice within 6 minutes for same offence

The man was written up by two different officers for using an electronic device

B.C. teacher reprimanded after incident with Grade 11 student in school gym

Gregory Norman Brock was teaching at a high school in the Maple Ridge-Pitt Meadows School District

B.C. man ‘parks’ horse during liquor store pit stop

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

Starbucks to test recyclable cups, redesign stores in B.C., U.S. cities

The company also said it plans to redesign its stores as it adapts to increasing mobile pick-up and delivery orders

In pre-election budget, Liberals boost infrastructure cash to cities, broadband

The budget document says the Liberals have approved more than 33,000 projects, worth about $19.9 billion in federal financing

Most Read