Canada’s priciest penthouse finished, staged, relisted at $35.8M, from $18M (PHOTOS)

Top floor of Hotel Georgia’s residences in downtown Vancouver has ambitious new price tag that makes it the most expensive home currently on Canada’s MLS

By
Glacier Media Real Estate
July 4, 2019





Penthouse Hotel Georgia exterior
The penthouse at the top, 48th floor of the Residences at Hotel Georgia hasn't sold since completion in 2012, and has now been finished and relisted at $35.8 million. Listing agents: Malcolm Hasman, Jason Soprovich


An ultra-prime penthouse in downtown Vancouver, previously listed at $18 million when it was raw and unfinished, has now been finished, furnished and marketed at a whopping near-double the price.

The top, entire 48th floor of the Residences at Hotel Georgia, which was completed in 2012, was a previously an almost-empty shell, with just a couple of rooms carved out and lavishly staged. But the unsold penthouse, which was listed at $18M, sat on the market for years as the developer searched for a local buyer who would live in the home and contribute to the building community. The hunt was, apparently, unsuccessful.

Having been taken off the market in 2016, the 7,200-square-foot home has since been divided up into livable rooms, and finished to an ultra-luxe standard. It was then relisted on June 24, 2019 at $35.8 million, very close to double the original price, despite the softening of the housing market in the intervening years. That new sticker price makes it the most expensive home on Canada’s Multiple Listing System (since this $39 million West Vancouver mansion listing expired).

The penthouse now has four bedrooms, five full and two half bathrooms, huge entertaining and living areas, including a high-tech recreation room with media, billiards, wet bar and wine room.

Penthouse Hotel Georgia great room
The main living area takes up one corner of the penthouse, and is well separated from the family room. Listing agents: Malcolm Hasman, Jason Soprovich

There is extensive outdoor terrace space as well, including one large sunset-facing terrace that has an outdoor kitchen and bar. Of course, as the penthouse takes up the entire top floor, there are epic 360-degree views of the city, ocean and mountains.

Penthouse Hotel Georgia terrace outdoor kitchen
The largest of five terraces has an outdoor kitchen and dining area, with sunset ocean views. Listing agents: Malcolm Hasman, Jason Soprovich

Like all of the Residences at Hotel Georgia, the home enjoys the benefit of hotel amenities, such as the glass-bottomed pool and the gym. Other amenities, like the spa, and services such as housekeeping are “pay as you play” for the residents, although there is no minimum monthly spend with the hotel, unlike some other hotel condos.

The home was assessed at $16,658,000 in July 2018, and the owner shelled out $37,584.19 in property tax last year. Monthly strata fees are more than most people’s entire mortgage payments, at $4,154.30.

Check out more photos of this super-luxurious listing, below.

 

Penthouse Hotel Georgia dining room
Each of the living and entertaining spaces flows off one another, like this formal dining area. Listing agents: Malcolm Hasman, Jason Soprovich

 

Penthouse Hotel Georgia kitchen
The lavish kitchen has a casual eating area that is distinct from the formal dining area. Listing agents: Malcolm Hasman, Jason Soprovich

 

Penthouse Hotel Georgia recreation room
Perfect for amazing parties, the recreation space has a media area, a billiards or other game space, a wet bar and a temperature-controlled glass wine room. Listing agents: Malcolm Hasman, Jason Soprovich

 

Penthouse Hotel Georgia bedroom
One of four bedrooms in the penthouse, plus there's an additional office, all of which have amazing views. Listing agents: Malcolm Hasman, Jason Soprovich

 

Penthouse Hotel Georgia bathroom
This luxurious bathroom is one of five full (plus two half) bathrooms in the home, three of which are ensuite to the bedrooms. Listing agents: Malcolm Hasman, Jason Soprovich

 

Penthouse Hotel Georgia view
The home has 360-degree views of downtown Vancouver, the ocean and the mountains. Listing agents: Malcolm Hasman, Jason Soprovich

Joannah Connolly is editorial director of Glacier Media Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, Times Colonist, Prince George Citizen, North Shore News, Burnaby Now, Tri-City News and others. She also writes and oversees editorial content in Real Estate Weekly Homes, West Coast Condos & Homes, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 23 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist talk radio show on Vancouver's Roundhouse Radio.
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