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.”
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate