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Early this morning I was searching through google and came across this article. I was not surprised to see that yet another mega mansion was being built by a wealthy businessman. This time, the mansion is in Vancouver. I can’t wait to see what the home will look like upon completion. 

Here is an excerpt about the home from The Vancouver Sun:

 A 25,000-square-foot mansion being built on billionaires’ row in Point Grey is likely to be the most expensive home in Vancouver when completed.

When all the mansion’s add-ons are included — a 13,534-square-foot lap-pool, a 4,705-square-foot squash court and a 665-square-foot porch — the whole thing comes in at almost 45,000 square feet of development.

It is being built at 4707 Belmont Ave., a 1.7-acre property once owned by the flamboyant Nelson Skalbania, whose financial wheeling and dealing during a career as one of Vancouver’s high flyers would inflict vertigo on most chartered accountants.

The person it is being built for isn’t named in any of the public documents. The buyer bought the property in October 2005 for $8.7 million cash.

West Vancouver realtor Elaine Andrews who acted for the buyer, said she couldn’t disclose the person’s name.

“I can’t break client confidentiality,” she said.

All that is known from the documents is that the property is owned by Pisonii Limited, a company with a Geneva post office box and a British Virgin Islands address.

However, the documents show that the Belmont Avenue property now has an assessed value of $11.5 million, while the development permit taken out at city hall shows construction of the mansion and its bunker-like basement was estimated at $20 million when the permit was issued in December 2006.

This gives a total on-paper value of $31.5 million.

This would eclipse the value of Vancouver’s current most expensive residence — 4785 Drummond Drive — which has an assessed value of $26.9 million.

CLICK HERE TO READ THE REST OF THE ARTICLE

  • Mike F

    Be sure to keep us updated! 🙂




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  • tony

    13,000 square foot LAP POOL???? Is he planning on training a squadron of Navy Seals over there? there better at least be a wave machine built into that.




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  • Brian

    Anybody know a GC or architect for this project, did a street view and it looks like it is still early in the building process.




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  • Rich

    I have watched this place being built from the beach for a while now. The guy who owned the land and house before it was knocked down was more interesting then the new owner. Only a 3 car garage, jeesh!




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  • Chance

    Their is no way that lap pool size is right, that would make the pool 180 ft by 75 ft or what ever configuration the have. No way that’s right.




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    • Chance

      To add on a bit more, it says the house has a 4700 sq ft squash court, which is even more ridiculous. A regulation size squash court is on 700 sq ft……hell, a full size NBA basketball court is only 3300 sq ft.




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  • Venom

    Vancouver has a lot of wealthy dope dealers that live there.
    This is probably one.
    Knew a guy that lived there years ago that had a huge house on the water up there that had motorized bulletproof shutters for the windows.




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  • Rich

    Most of the dealers live in Surrey, Langley, Aldergrove… However, the guy who owns London Motor Cars (dealer of exotic sports cars) was just busted with hookers and dealing with a lot of drugs in his home not far from UBC. So, you just NEVER know who’s living next to you sometimes!




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    • Marc

      Get your facts right! The guys owns MCL not London Motorcars…




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  • Mike F

    Life over there seems more exciting than here 😀 Sports cars, drugs hookers and bulletproof shutters. We do not have much of that here in the country.




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