Priciest House in B.C. – The Yoga Pants Palace

According to the 2014 B.C. Assessment, the title of the priciest house in B.C. this year goes to 3085 Point Grey Rd. Vancouver. The 30,600 sq-ft, two-storey house has 7 bedrooms and 9 bathrooms 😯 It was custom built in 2008 and construction is finally complete this year! And the price? A mind blowing $54.2 million! The owner, also the person who commissioned building this property, is none other than Chip Wilson, founder and ex-CEO of the popular athletic apparel company Lululemon 🙂 Known for his business prowess, billionaire status, and philanthropic activities through his charity in Ethiopia, he’s certainly more than just a Chip off the old block 😀

However last year he made a public comment about some of his customers that many people took offence to. Since then the yoga pants that he invented have become the butt of the internet jokes 😀 And before that incident Lululemon faced public relation problems with their black Luon yoga pants because the material used to make them was too sheer, making them overly see through. The company decided to do a complete recall of the product when the problem was exposed 😀 Most investors want businesses to disclose their financials and be transparent, but what Lululemon did was sheer incompetence, as they took transparency to a whole new level 😀 The once proud and beloved success story that grew out of Vancouver is now getting quite a bum rap 😀

I’m glad that Chip has decided to build his dream home in the city that he started Lululemon in. It’s great when people like him and other B.C. billionaires like Jim Pattison still have connections to their roots because the ultra rich will inevitably create wealth for their local communities. Imagine the property tax Chip has to pay on his $54.2 million mansion! That money will go towards municipal services which means other Vancouver residents can save money by paying lower taxes. And when rich people sell their homes for multimillionaire dollars, think of the commission the real estate agent would make on that 🙂 The realtor can then spend that money into the local economy which benefits everyone 😉

Here are some other properties to round out the top 5 most expensive homes in B.C. this year. (source: CBC)

• #2. 4707 Belmont Ave., Vancouver – $46,023,000 – Built in 2007, this custom mansion of 10 bedrooms and 17 bathrooms sits on 1.7 acres. I guess 16 bathrooms just isn’t enough for some people 😛 #FirstWorldProblems

• #3. 4719 Belmont Ave., Vancouver – $28,624,000 – Just down the road from #2 is this two-storey mansion on almost 60,000-square-feet of land. The 16 year old home has 6 beds and 10 baths.

• #4. 4743 Belmont Ave., Vancouver – $25,557,000 – A 1.3 acre home built in 1992 with 4 beds, and 9 baths, with waterfront views of Spanish Banks.

• #5. 5695 Newton Wynd, Vancouver – $25,295,000 – Sitting on 1.5 acres of land, this two-storey house was built more than 20 years ago not far from UBC. It has 8 beds, 13 baths, and overlooks the Burrard Inlet.

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Random useless fact: This is the Bagger 288. German engineering at its finest.