HomeHousingDream homesPoint Grey cube house finally sells, but owner takes a $6 million...

Point Grey cube house finally sells, but owner takes a $6 million haircut

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Remember the Point Grey cube house?

The distinctively-designed home at the corner of Point Grey Road and Alma Street was polarizing—some people loved the design, while others hated it.

Now the unique home has finally found a buyer, but without its owners taking a big hit, settling for a little over half of the original asking price.

The home was first listed in June 2017 for $14 million at the height of Vancouver’s real estate market, when sales of luxury homes were strong.

Two months later, it took a $1.25 million price cut and was reduced to $12.75 million.

Nearly one year later, on July 26, 2018, the home sale closed, with a sale price of $7,950,000.

That’s over $6 million less than the original asking price. Ouch.

The 2,280 sq. ft. home at 3691 Point Grey Road on Vancouver’s “golden mile” was designed by architect Tony Robins.

Metro Vancouver’s real estate market has slowed dramatically in recent months, with home sales at an 18 year low. New provincial government measures such as the 20 per cent foreign buyers tax, and higher mortgage interest rates have significantly cooled the market.

Photos: Point Grey cube house sells for nearly half of original asking price

Underground garage
The home has a four-car underground garage. Credit: Loren Dunsworth/Rennie & Associates Realty
Kitchen
The kitchen is light filled and airy, with built in appliances. Credit: Loren Dunsworth/Rennie & Associates Realty
Ground floor windows
The ground floor living room is surrounded by floor-to-ceiling windows. Credit: Loren Dunsworth/Rennie & Associates Realty
Living room fireplace
The living room has a striking concrete fireplace. Credit: Loren Dunsworth/Rennie & Associates Realty
Master bedroom
The master bedroom features a large sliding glass door and private balcony. Credit: Loren Dunsworth/Rennie & Associates Realty
Marble bathrooms
The bathrooms are light filled and clad in marble. Credit: Loren Dunsworth/Rennie & Associates Realty
Rooftop seating area
The rooftop has a private kitchen, seating areas and outdoor shower. Credit: Loren Dunsworth/Rennie & Associates Realty
Hot tub
The rooftop features a hot tub with views of the ocean and the city skyline. Credit: Loren Dunsworth/Rennie & Associates Realty
Peter Meiszner
Peter Meisznerhttps://www.peterforvancouver.com/
I am planning to run for Vancouver City Council in 2022. Please visit peterforvancouver.com to stay informed on my campaign.
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