A Vancouver house originally built for $15,000 in 1951 is now listed for sale at a staggering $30 million. The dramatic price increase can be attributed to several factors, including inflation, its prime location, and the architectural legacy it represents.
A Vancouver house, originally built for $15,000 in 1951, is now listed for sale at a staggering $30 million. The dramatic price increase can be attributed to several factors, including inflation, its prime location, and the architectural legacy it represents. Firstly, the initial construction cost of $15,000 equates to approximately $170,000 in 2025 dollars due to the effects of inflation over the decades.
Secondly, the house, situated at 4755 Belmont Ave, is located in the affluent 'Billionaires Row' area of West Point Grey. Its waterfront position offers stunning views overlooking Spanish Banks beach and English Bay. In 1951, this neighbourhood was already considered prestigious. Adding to its value is the fact that the house was designed by renowned B.C. architect Ronald Thom, who later achieved national recognition for his work. During his time in Vancouver, Thom designed the Copp House as one of his early projects, drawing inspiration from Frank Lloyd Wright's Usonian houses. The Copp House garnered a Massey Silver Medal in 1952, a prestigious national award recognizing outstanding architectural achievements. Thom went on to become a prominent figure in Canadian architecture, designing notable buildings for universities, colleges, and even the Toronto Zoo. In 1980, he was appointed an Officer of the Order of Canada. The Copp House is now listed on Vancouver's heritage register and has become a landmark of West Coast Modernism. The house remained in the Copp family for many years before being sold in 2003 for $4.25 million. Now, it's back on the market with an ambitious price tag of $30 million, exceeding its current assessed value by $5 million. The listing primarily highlights the breathtaking panoramic views of the ocean, mountains, and city skyline, positioning the property as an ideal canvas for a luxury dream home
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