“Hold, Renovate, or Build!”

5689 McMaster Road, Vancouver, British Columbia, Canada

If you’re planning to live anywhere near UBC you better have a fat wallet.  This fine piece of real estate located at 5689 McMaster Road is conveniently located walking distance to UBC Campus, schools, and shops.  The 2,300 square foot home offers three bedrooms, two bathrooms and is set on a 0.51-acre lot in the University Endowment Lands.  The age of the building is withheld, and instead the terms “old timer” are posted, however it was likely built in the 60s/70s.  Regardless of its age, this home is considered a teardown.  In fact the listing includes those dreaded words, “Hold, Renovate, or Build!” So what would you pay for a teardown on a 0.51-acre lot in the University Endowment Lands?  Well this property is listed at $6,280,000 CAD / $5,755,923 USD.  Ridiculous right?  We’ve found a beautiful 22,596 square foot mansion on a 2.82-acre estate in the Sugarloaf Country Club in Duluth, Georgia listed well below this UBC teardown.  Scroll down to see it.

“Entertainer’s Dream”

3010 Cypress Pond Pass, Duluth, Georgia, United States, 30097

Listed $279,226 CAD / $255,924 USD less than the teardown in Vancouver, BC is this entertainer’s dream estate in the Sugarloaf Country Club in Duluth, Georgia.  It was custom built in 2004 and sits on a 2.82-acre estate on the 18th-hole, overlooking a private lake.  The mansion spans 22,596 square feet with 9 bedrooms, 12 bathrooms, a grand entry, two-storey formal dining room, a gourmet kitchen more suited for a luxury restaurant, multiple stone fireplaces, fully finished lower level, expansive covered terrace, and a resort-style swimming pool.  In addition to the main house there is a separate guest house with a bedroom & bathroom.  What’s not to love?  For $6,280,000 CAD in Vancouver, BC you get a 2,300 square foot teardown on a 0.51-acre lot.  For $6,000,774 CAD in Duluth, GA you get a 22,596 square foot mansion on a 2.82-acre estate on the 18th-hole of the Sugarloaf Country Club.  Which would you choose?  This property is listed with Stephanie Lewis & Betsy Akers of Sotheby’s International Realty.