Vancouver's Benchmark Home Price: What Else Can It Buy Across British Columbia?

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Vancouver home price compared to BC properties.

For many Vancouverites, the dream of a sprawling property is often confined to fantasy. However, with the benchmark price of a Vancouver home hovering around $2.43 million, it's worth exploring what that significant investment could secure elsewhere in British Columbia. This comparison reveals a diverse range of properties, from historic homesteads to modern luxury estates and expansive rural land.

Key Takeaways

Coastal Charm and Rural Retreats

Near Chilliwack, a 94-year-old, two-bedroom home on over 28 acres of land in Columbia Valley is available for approximately $2.4 million. This property boasts pasture and a barn, offering a rural lifestyle. Further afield on the Sunshine Coast, a $2.45 million property in Halfmoon Bay offers a 2,500-square-foot home with three bedrooms and three bathrooms. This home is not only close to a general store, beach, and community pier but also provides a lifestyle comparable to a Vancouver benchmark home, but with added recreational access.

Mountain Views and Urban Proximity

Pemberton offers a brand-new, three-bedroom, six-bathroom home at 7653 Seven O'clock Drive for $2.45 million. This spacious 4,120-square-foot residence is designed to capture the sun and offer daily views of Mt. Currie, complete with a gym and hot tub. Closer to Victoria, in Esquimalt, a five-bedroom, four-bathroom waterfront home at 404 Constance Avenue is listed for $2.475 million. While the property itself might not be expansive, the rare opportunity for waterfront living at this price point is a significant draw, likely unmatched in Vancouver.

Inland Luxury and Agricultural Opportunities

Kelowna presents a different kind of value with a new, eight-bedroom, nine-bathroom home at 1102 Carnoustie Drive, priced at $2.45 million. This expansive property features over 7,100 square feet of living space, including 30-foot ceilings, an outdoor hot tub, an outdoor shower, a triple-bay garage, a private rental suite, and Okanagan views.

In the central part of the province, near Quesnel, a 466-acre ranch at 3489 Durrell Road offers an alternative to city living for the benchmark Vancouver home price. This property is capable of producing up to 300 tonnes of hay annually and includes a 3,200-square-foot house with four bedrooms and three bathrooms. Additionally, near Clearwater, the Blue Grouse Country Inn, a hospitality business with a private residence, is for sale for $2.39 million. Located near Helmcken Falls and surrounded by Wells Grey Provincial Park, this property includes four guest rooms, a hot tub, and space for a shop, offering a unique business and lifestyle opportunity.