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.
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:
- 3085 Point Grey Rd., Vancouver – $73,120,000
- 4707 Belmont Ave, Vancouver –$65,466,000
- James Island, James Island – $56,757,000
- 4719 Belmont Ave, Vancouver – $41,203,000
- 2815 Point Grey Rd, Vancouver – $39,961,000
- 4743 Belmont Ave, Vancouver – $37,724,000
- 4773 Belmont Ave, Vancouver – $35,880,000
- 4857 Belmont Ave, Vancouver – $35,621,000
- 3489 Osler St, Vancouver – $35,157,000
- 2999 Point Grey Rd, Vancouver – $35,012,000