James Island. (Sotheby’s International Realty photo)

Here’s the one property among B.C.’s 10 priciest that’s not in Vancouver

James Island, the 770-acre property is the second largest privately owned island in the region

It’s no surprise that Vancouver is home to almost all of the highest valued properties in B.C. Assessment’s 2019 data. But what about the one property that isn’t?

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.

READ MORE: Tsawout First Nation sues for the return of James Island

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:

  1. 3085 Point Grey Rd., Vancouver – $73,120,000
  2. 4707 Belmont Ave, Vancouver –$65,466,000
  3. James Island, James Island – $56,757,000
  4. 4719 Belmont Ave, Vancouver – $41,203,000
  5. 2815 Point Grey Rd, Vancouver – $39,961,000
  6. 4743 Belmont Ave, Vancouver – $37,724,000
  7. 4773 Belmont Ave, Vancouver – $35,880,000
  8. 4857 Belmont Ave, Vancouver – $35,621,000
  9. 3489 Osler St, Vancouver – $35,157,000
  10. 2999 Point Grey Rd, Vancouver – $35,012,000

@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Province announces more improvements for Highway 14

$85-million project made possible through federal funding support

Wild Wise Sooke founder leaves post

Lush Cosmetics offers much-needed funding for the group

UVic partners with harm reduction groups to run a drug checking pilot project

The three-year pilot will allow people to test their drugs for fatal ingredients like fentanyl

Public asked to give feedback on proposed protection measures for southern resident orcas

Measures focus on key threats related to contaminants, lack of prey, noise or physical disturbance

UPDATED: Police say Happy Valley shooting and crash is ‘isolated and targeted’ incident

One person in custody, another fled following crash on Kelly Road

What’s age got to do with it? B.C. couple with 45-year gap talks happy marriage

An Armstrong couple that has 45-year age gap began turning heads after being featured on show Extreme Love.

Music Monday to unite students across Sooke in song

Over 200 students will carol around town on May 6

B.C. men challenge constitutionality of Canada’s secret no-fly list

Parvkar Singh Dulai says he received a “denial of boarding” notification under the no-fly program last May 17

Murder on B.C. property didn’t need to be disclosed before sale, court rules

Buyer had tried to break contract after learning a man with ties to crime had been murdered there

POLL: Do you think the Notre Dame Cathedral in Paris should be rebuilt?

Images of one of the word’s most iconic landmarks were seared into… Continue reading

B.C.’s largest Vaisakhi festival target of threatening Facebook post: Surrey RCMP

Police say they are investigating the posts on Facebook, after local MLA forwarded screenshots

Pug life: B.C. town boasts waggish list of dog names

Freedom-of-information request lists most ‘pupular’ dog names registered in White Rock

VIDEO: Duncan-Nanaimo’s Funkanometry bow out of ‘World of Dance’ with ‘After Hours’ routine

Judges praised them as entertainers, and urged them to work a bit more on their dancing

Most Read