West Vancouver Property with Unfinished House Asking $12.8M
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Located at 2345 Kadlec Court in West Vancouver, this property is currently listed for $12.8 million. Unlike typical high-value residential listings, this one features only the weathered concrete foundation of a house that was never built, surrounded by overgrown bushes and weeds.
The property spans a full acre and offers panoramic views of Burrard Inlet and beyond. The listing emphasizes the potential to build a dream home, showcasing designs of what could be constructed on the site. The last recorded sale of this property was in 2010 for $3.8 million, and it is now assessed at $6.8 million by BC Assessment.
Question
What does the listing price of $12.8 million indicate about the current market trends in West Vancouver?
Editor's Comment
As a seasoned agent in the Greater Vancouver area, I see this property as a reflection of the luxury market's resilience. Buyers are increasingly looking for unique opportunities, and properties like this one can offer significant upside potential if developed correctly.