Chinese investors to zero in on high-end Vancouver property

Chinese investors to zero in on high-end Vancouver property

Chinese investors to zero in on high-end Vancouver property

As part of Concierge Auctions’ December sale, a premier property in Vancouver’s West End will be put up for auction, with a particular focus on Chinese would-be buyers.

The 2,900-square-foot 6137 Collingwood Place will be offered at Concierge’s online marketplace to international investors starting next week, December 14.

“Between its multi-family development potential, land assembly condo potential, location and superior design, the property itself appeals to a wide range of buyers,” according to listing agent Mark Wiens of Dracco Pacific Realty.

Designed by renowned Vancouver architect Kenneth McKinley, the single-family property was previously offered for $3.67 million. Concierge noted that the property offers significant versatility in potential expansions, such as a multi-residential building, “either up to approximately 8,147 square feet.”

Read more: B.C. price declines only apparent in the higher end

“I believe a set auction date will induce the buyers who have already expressed interest to take action. I can personally attest to the extra exposure the property is receiving since starting the Concierge Auctions process. This has already led to enquiries coming from areas where a standard Multiple Listing Service listing would not have reached,” Wiens added.

Bidding is expected to end with a live auction in Hong Kong on December 20 (December 19 Canada time).

 

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1 Comments
  • Kevin Dale McKeown 2018-12-04 5:44:30 PM
    The reporter makes a frequently seen error. This property is not in Vancouver's "West End". It is on Vancouver's "West Side". The West End is the downtown peninsula west of Burrard Street. The West Side is the city North of the Fraser River, South of English Bay, and west of Burrard. West Vancouver is on the North Shore, west of North Vancouver. Make a note and try to get it right next time.
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