An artist's rendering of a luxury penthouse residence situated atop the upcoming Customs House development now rising on Government Street at Wharf Street in downtown Victoria's Old Town district. The record-setting price paid for the luxurious 4,420 square foot suite was $10.8 million, a figure millions of dollars above the second and third most expensive condominiums to sell in the Capital Region and on Vancouver Island.
$10.8 million Old Town condo purchase launches Victoria real-estate values to new heights
https://victoria.cit...to-new-heights/
The purchase of a yet-to-be-built Old Town condominium residence will forever change the lens through which Victoria’s residential real-estate offerings are perceived.
That is the sentiment shared by the team responsible for brokering last weekend’s record-setting pre-sale transaction already reverberating across the continent.
Firmly the most expensive condominium ever sold in the B.C. Capital and across the expanse of Vancouver Island, the Customs House development’s 4,420 square foot ultra-opulent penthouse has fetched a blindsiding $10.8 million, an achievement that not only underpins the demand for local real-estate but speaks to the region’s appeal before a worldly audience.
“The acquisition of a penthouse on Vancouver Island valued at over $2,400 per square foot has set off a beacon in real-estate offices across the continent,” says Craig Anderson, director of marketing and sales of Vancouver-based real-estate marketing firm Magnum Projects. [
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