Monday, December 3, 2018

Premier Vancouver estate to be auctioned to int’l investors

A high-end property in Vancouver’s premier West End district will be put up for sale to the highest international bidder as part of Concierge Auctions’ December sale.

The single-family, multi-level 6137 Collingwood Place, which boasts of a design by legendary Vancouver architect Kenneth McKinley, will be offered at Concierge’s online marketplace to Chinese property investors starting December 14. Bidding is expected to close at a live auction in Hong Kong on December 20 (December 19 Canada time).

The 2,900-square-foot property was previously offered for $3.67 million – and taking updated zoning into account, the parcel offers substantial opportunities for expansion into a multi-family building, “either up to approximately 8,147 square feet,” Concierge said.

“Between its multi-family development potential, land assembly condo potential, location and superior design, the property itself appeals to a wide range of buyers,” according to listing agent Mark Wiens of Dracco Pacific Realty.

“I believe a set auction date will induce the buyers who have already expressed interest to take action. I can personally attest to the extra exposure the property is receiving since starting the Concierge Auctions process. This has already led to enquiries coming from areas where a standard Multiple Listing Service listing would not have reached.”

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