Wednesday, March 6, 2019

Former Hydro chair puts energy-efficient West Vancouver mansion on the market

"We've decided not to go public with the price," said realtor Christa Frosch. "We will disclose the price to qualified buyers as they make their requests."

The waterfront energy-efficient mansion of former B.C. Hydro boss Mossadiq Umedaly in West Vancouver is on the market.
Umedaly — the former chief financial officer for Ballard Power Systems, chair of B.C. Hydro and CEO of Xantrex Technology — had the home built for his family in the early 2000s.
A key part of the sales pitch is the home’s energy-efficient features. The 8,000-square-foot building is set on a 25,000-square-foot lot with 100 feet of waterfront overlooking Burrard Inlet.
It’s an all-concrete building, with three-foot-wide walls and clad in bricks. It has a geothermal and cooling system and a zinc roof designed to gather rainwater for the garden.
Realtor Christa Frosch, of Sotheby’s International, said the home took five years to design and build and had the capacity to be a net-zero energy home with all the systems in place.
A net-zero, energy-ready building is one that has been designed and built so it could meet its own energy needs and could include on-site solar panels or other renewable-energy technologies.
Frosch said she would not be releasing the asking price for the home and that the property would not be listed on MLS.
“We’ve decided not to go public with the price,” she said. “We will disclose the price to qualified buyers as they make their requests.”
The property, at 2910 Park Lane, cannot be seen from the street and is a 10-minute walk to Dundarave Village. According to B.C. Assessment Authority, the home was valued at $13.6 million on July 1, 2018. That’s $2.6 million less than the 2017 assessment. West Vancouver detached homes fell 12 per cent in assessed value on average between 2017 and 2018.
Watch YouTube Video  Waterfront Mansion

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