Gray 
VANCOUVER, British Columbia, June 08, 2022 (World NEWSWIRE) — Sotheby’s Global Realty Canada has announced the sale of a amazing waterfront estate in Oak Bay, breaking a report for the optimum recorded residential sale via the MLS® (A number of Listing Company) process in Vancouver Island heritage. This sale surpasses the prior report sale of the award-winning 529 Swanwick Highway home, also established by Sotheby’s International Realty Canada.
The history-breaking household, outlined by Lisa Williams of Sotheby’s Global Realty Canada, sold for $13,195,000. The sale normally takes place as Victoria’s luxury real estate sector proceeds to see diminishing stock and robust need, with only 1,365 lively listings remaining according to the Victoria Actual Estate Board A number of Listing Service at the end of April 2022, a minimize of 6% 12 months-around-calendar year.
“At a time when the Victoria real estate market place has found good need and constrained inventory, this spectacular property garnered ample desire not only from regional prospective buyers, but all those who arrived from other components of Canada, the U.S. and from all over the planet,” claims Lisa Williams, listing agent with Sotheby’s Global Realty Canada. “Situated on a prized 1.67-acre beachfront whole lot, the home sits along Victoria’s most coveted stretch of oceanfront in the coronary heart of the Uplands. The assets is a accurate landmark for Vancouver Island authentic estate, and will continue to be a timeless home and financial investment.”
In accordance to Williams, the property was procured by a Canadian customer irrespective of making considerable intercontinental curiosity by way of the Sotheby’s Worldwide Realty income and marketing and advertising network.
Concluded in 2016, the 11,900 square foot personalized residence offers wonderful hand-crafted finishings and appointments during, supplying 5 oversized and luxurious bedroom suites with amazing ocean views, and eight generously proportioned bogs. Designed for both huge-scale entertaining and comfortable, everyday loved ones living, the personal, gated residence offers unobstructed sights of the ocean and Mount Baker. Elegantly made and exquisitely introduced, the house functions gracious formal and informal dwelling and dining areas, a stroll-in glass wine cellar, two wander-in butler’s pantries and double islands in the kitchen great for catered entertaining, a few fireplaces, and parking for six motor vehicles. The property also encompasses a pebble seashore, two little private islands and effortless waterfront entry for paddleboards or kayaks.
“The momentum that we have viewed in Victoria’s luxurious serious estate marketplace has reflected its increasing visibility on the nationwide and world-wide phase as a fantastic put to are living, get the job done, and raise a relatives,” suggests Doug McGowan, Managing Broker of Sotheby’s Worldwide Realty Canada for Victoria, Vancouver Island, and the Gulf Islands. “This substantial sale marks a actually historic minute for Vancouver Island genuine estate and represents enduring shopper confidence in our region’s lengthy-expression market place fundamentals.”
As a leading luxury genuine estate agent in the location, Williams has not long ago negotiated sales of other important Vancouver Island residences, such as several oceanfront houses in Oak Bay and Saanich. She has also represented potential buyers and sellers for the new file-environment sale of a non-waterfront Oak Bay household at $7,000,000, and a lakefront dwelling in Saanich for $6,250,000.
“In occasions of world uncertainty, Canadian actual estate is regarded not only as a ‘safe haven’ economic expense, but as a literal ‘safe harbour’ offering personal security and protection. Victoria is a flourishing and protected neighborhood that presents pure natural beauty, city conveniences and a higher top quality of lifetime that will proceed to be sought-right after by locals, and by people today from throughout the nation and close to the globe,” suggests Don Kottick, President and CEO of Sotheby’s Worldwide Realty Canada. “This file-breaking sale is a incredibly robust indicator that the area will proceed to see robust nearby and world wide desire for its luxury suburban, recreational and holiday serious estate.”
Specifics of the vendor and customer continue to be non-public.
About Sotheby’s Intercontinental Realty Canada
Combining the world’s most prestigious real estate model with area industry understanding and specialized marketing skills, Sotheby’s Worldwide Realty Canada is the top genuine estate sales and promoting corporation for the country’s most remarkable properties. With offices in around 32 household and resort markets nationwide, our expert associates give the maximum caliber of actual estate provider, unrivalled neighborhood and international advertising options and a global affiliate revenue network of close to 1,000 workplaces in 78+ nations around the world and territories to handle the genuine estate portfolios of discerning clientele from all over the environment. For even more information and facts, visit www.sothebysrealty.ca.
Media Call
Nicole Jerick
Converse Shop Media
[email protected]
778-877-8801
A photo accompanying this announcement is readily available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b266da8a-b458-4f03-8598-e51fbd65f073
