The BC Assessment Authority has released the top 10 most expensive properties in Richmond.
The Richmond News reported earlier this week how a recently-built, farmland mega-mansion on No. 2 Road, near Steveston Highway, topped the local list at just over $13 million.
According the most recent BC Assessment valuations (July 2021), the majority of Richmond’s most expensive properties are, once again, slap bang in the Agricultural Land Reserve.
After the aforementioned mansion on No. 2 Road, is the former estate of the late property developer, Milan Ilich, which was listed in 2010 at $24 million.
It topped the charts two years ago, however, the sprawling 18-acre Ivy Manor on No. 3 Road, near Finn Road – which boasts 19,000 square feet including a two-lane bowling alley above its six-car garage, an in-ground swimming pool, a tennis court and paddocks – was assessed at $10,761,000.
The property rose about $1 million from last year. The home was sold in 2015 and was owned, in 2020, by Kevin Sun and Ling Lin.
In third spot comes 12910 No. 2 Rd. and in fourth spot was another farmland mansion, this time at 14791 Westminster Highway, close to No. 7 Road, which was valued at $10,061,000.
The remainder of the top 10 priciest properties in Richmond were:
8660 Finn Rd ($8,045,000);
12160 No. 2 Rd. ($7,952,000);
11300 No. 2 Rd. ($6,950,000);
10751 Blundell Rd. ($6,602,000);
11511 Blundell Rd. ($6,590,000);
10591 Blundell Rd. ($6,570,000).
Richmond’s most expensive property, at just over $13 million, only just sneaks into the province’s top 400.
According to the latest BC Assessment valuations, the top Richmond property comes in at 368th in B.C.’s top 400, with Chip Wilson’s mega mansion in Kitsilano once again topping the charts at $73,147,000 (up from $66,828,000 in 2020).
The increase in farmland properties over the last few years has been ringing alarm bells for Richmond-based FarmWatch, which cautioned that, one by one, farms were being taken out of production and that such mansions, despite being built on farmland, were clearly not being built for farming.
