Oak Bay home finally sells for $7.5-million after it was first listed in 2009 for $11.5-million and has seen several price adjustments over the years
This mansion, with 14,430 square feet of living space, is in Oak Bay, a small municipality within Greater Victoria, on Vancouver Island.
The home had been on the market since 2009 with different agents. More recently, it had been viewed online by thousands, said listing agent Scott Piercy. He and James LeBlanc took over the listing in 2022. A year later, they dropped the price twice and it finally sold in May. They only received one offer and the buyer was from Vancouver.
Built in 2002, the extensive wood trims, dark interiors and granite countertops were opulent at the time, but they may no longer be to everyone’s taste, said Mr. Piercy. But the biggest complaint from potential buyers was its sheer size.“It was like a mini Four Seasons Hotel. … Even doing a reno that size is massive. Somewhere like L.A. or Miami, there is the scale there, because there’s a lot more money. But not Victoria.”The home has three kitchens.
Dubbed Muir Haven, it sits on nearly an acre of land, with a pool and private beach access. It’s a few minutes from downtown Victoria.
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