The $8 Million Open House

If you watched yesterday’s Dot Com Pho episode, then you know that one of the things we talked about was an $8 million open house. The house in questions is located at 3709 Sunset Avenue in West Vancouver. Normally, houses that cost $8 million don’t hold open houses. However, the real estate market is getting pretty hammered and Realtors are trying anything to get a house sold. This includes opening the doors to a house that would normally be strictly by appointment only.

The house at 3709 Sunset is truly a world class residence. Builder Paul Fedusiak and Architect Graig Chevalier have created an ultra modern contemporary home which took over three years to complete. The house offers nearly 7,000 square feed of living space with a huge open plan on the main floor with floor to ceiling windows to enjoy that amazing view. Other features include vesicular basalt stone and Eastern white oak flooring, gourmet kitchen, wine room, media room, infinity pool plus spa, full air conditioning, private outdoor terraces, BBQ area and fire pit.

Will the builder get $8 million for it? If he does, it will prove the saying, “there’s a sucker born every minute.” However, if you want to make an offer, tell Karim I sent you. I’m pretty sure the referral fee on an $8 million house can buy a really nice dinner.

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive

3709 Sunset Drive


67 thoughts on “The $8 Million Open House”

  1. Duane Storey says:

    I read about this house over on Garth Turner’s blog. What do you think about the Vancouver market — you think it’s about to tank like he does?

    1. John Chow says:

      I think the Vancouver real estate market is due for a correction. The current valuations can’t be maintain, no matter how many rich mainland Chinese come and buy.

  2. maybe if they pimp it off as the prize home for the PNE, they might get some mileage out of it 😛 otherwise good luck with 8 mil.

    Thanks for the tour though John!

  3. Germany Drop says:

    damn… nice… I wish I had one!! Are you getting one John?

  4. Oh my god… I guess I cannot even step into this like of house ever in my life… It’s so…….

    I don’t know what adjective I should use >.<"

    1. Aahh … dont underestimate yourself …

  5. Joe says:

    John, you should have left the audio on instead of the music, your commentary is usually pretty cool.

    1. I don’t mind the music at all. At the end of the video there’s a brief commentary by both Sally and John.

      It was very cool.

      1. Sally is the gem of all John Chow video.

        Without her video will not complete.

  6. Tinh says:

    Amazing open house and I think I am interested in its referral if possible 🙂

  7. Luke says:

    That’s an amazing house! Time to make some money…lol 🙂

  8. Jane Lee says:

    It’s a beautiful home and the pictures are just gorgeous. Imagine the cost incurred with maintenance and upkeep. It will cost a fortune itself. Maybe Angelina Jolie and Brad Pitt would enjoy a home like this.

    1. Yep, that is the point that will put a lot of people of, the maintenance costs. I shiver to think how much it costs to heat this in winter, SY

      1. Yes, and cooling it in summer with the greenhouse like windows.

        1. And not to speak of how much you have to pay the window cleaner every few weeks … SY

      2. Bidet says:

        Yea Im sure it costs a lot of money to heat it in the winter and cool it in the summer. It also consumes a lot of energy.

  9. SnowBall says:

    That house is truly epic. I love looking at nice houses, I could look at mansions all day long. I just wish I could buy one some day. A girl can dream…

  10. S Ahsan says:

    The house is so wicked!! holy sh!TT ! 🙂

  11. Krystle says:

    Wow. Vancouver is such an amazing city, and that house looks awesome. That would be my new dream house now! And the photos look nice, too. Were those taken by a professional or just by you? Good job.

    1. John Chow says:

      I took the first four photos and vidoe. The rest came from the realtor’s website.

  12. PPC Ian says:

    Wow! That is one sweet house. Definitely a great reason to work hard so I can purchase a house like that one day! 🙂

  13. Epic House. It looks really beautiful and classy.

  14. anybody around here who can lend me some money? I need only $8 mil. minus 100 bucks

  15. Sally says:

    Hi John

    It’s official I AM IN LOVE WITH THAT HOUSE.

    I can just imagine living there.

    I made $2 online yesterday ha ha, so that house is practically mine so don’t anyone else get any ideas about buying it.

    Loved the video, Sally 🙂

    1. Hi Sally,

      Nice to see you here. I thought you weren’t commenting anymore.

      We’ll let you have the house, just mention John’s name as a referral and it’s yours.

      John already has a house in the area and for me this one is just a bit too big.

  16. You can have it tooo with john chow blog.The best blog for online money making.

  17. Mark Bell says:

    That really is a beautiful house with some amazing views. But $8m – for that you’d be wanting to have a fully paid chef and maid service lol and no utilities for a few years… hmmm

  18. My thoughts exactly, plus a break on a huge property tax.

    This is why I said it’s a bit too big for me.

  19. Ethan says:

    nice ..very nice… everyone’s dream house I guess.
    I would be nice sitting besides the pool to blog 🙂

  20. ibnujusup says:

    wow…awesome house..if only I have those kind of house.. life would be very wonderful 🙂

  21. Amazing House. Advanced architecture.

  22. $8 million?
    I don’t even have $800on my account right now.

  23. I don’t need a house like that to be happy. I asked on another post “What is success” If it means having to own a house like that, then you can keep it. Get real guys!

  24. Paul Avery says:

    is it the location that makes it worth $8m?

    John, a $8m mortgage would cost about $45k a month…. so you are close…

    Paul

    1. John Chow says:

      Yes, a lot of the $8 million is because of the location: West Vancouver water view is not cheap!

      1. I can clearly tell, is this coming at a discount due to housing crisis?

        1. John Chow says:

          West Van is experiencing downward pressure on house prices. I’ve seen a few million dollar plus price drops already on some properties.

  25. fas says:

    This is the stuff dreams are made of.

  26. Dave says:

    John,

    Unfortunately, Realtors are not allowed to give out referrals to anyone other than another licensed agent (and it must be done through the brokers). I am a Realtor in the states and the typical referral fee is 25%. Not too shabby on an 8 million dollar home!

    1. John Chow says:

      While they can’t pay out the typical referral fee, most realtors will give a “finder’s fee” to an old/new customer who brings in a buyer. Mind you, it’ll never be 25%!

  27. d3so says:

    Does the house come fully furnished?

    1. John Chow says:

      No, the furniture was supplied by a staging company. However, I’m sure you can work out something to have the furniture included if you want it.

    2. That was my question too, because that could certainly drive up the price!

      1. John Chow says:

        It’s not uncommon to spend 10% of the house price on furniture. So figure $800,000 to fully furnish an $8 million house.

        1. d3so says:

          I wonder what the house would look like if it was empty. Certainly, not as stunning.

          1. John Chow says:

            For sure. Staging is required to sell a house at this price level.

          2. Jeremy Blake says:

            very interesting … I didn’t know that. Would have just figured it was included.

          3. Yes, John and even the condos at Yaletown were staged. The apartments that were displayed were furnished too in order to sell.

            When they sold it was without the furniture.

  28. Vee says:

    I forget the exact term for it, but when I used to work in foreclosures, there was a term for people who bought homes like this and then could not afford to furnish or upkeep the property. The cost and upkeep would be a huge payment every month in itself. It would be nice to see people live within their means, but I don’t think it is going to happen any time soon.

  29. I’ve got to say that it is a really beautiful house, with a great view, but whatever house I end up buying will hopefully be a little more economical. I’d really like to buy a house with solar panel or non-gas heating. And definitely not something it would take me a couple of weeks to clean by myself!

    1. Yours is a voice of good sense in regards to this.

      A big house like this is a never ending project just cleaning and maintaining it. You’d have to hire people to help you with that.

      It’s much better to get the size you really need. Unless you want to show off.

      1. d3so says:

        Yup, that’s how lottery winners go broke. They spend their money on mansions but don’t realize the cost to maintain the place.

        1. Jeremy Blake says:

          lol good point d3so

  30. Thu Nguyen says:

    Very Hollywood. The swimming pool and architecture itself looks very nice. Don’t mind taking a swim in there. What lake, river or ocean is that place looking out at?

    1. Hi Thu,

      The body of water it’s looking at is the Pacific Ocean.

      You can also get a nice view of cruise ships bound for Alaska in addition to the freight ships. They go by in late afternoons and early evenings.

      I prefer swimming in the ocean to any pool even if the water is cool.

  31. Whatta house, John looks like time you upgrade.

    1. Yes … John …

      Upgrade to this one ..

  32. Bidet says:

    Wow this house looks amazing, but its so expensive. Im sure someone will buy it though.

  33. Jeremy Blake says:

    Beautiful house. I think I’m a sucker…

    Was the background music in that video seriously saying “john chow” though, or was I just hearing things? haha!

  34. Hoo Kang says:

    John,

    How much would you buy a house like this for?

    1. John Chow says:

      I think it’s worth $4.5 to $5 million.

  35. Dan Lew says:

    I’ll take that on my credit card thanks!

  36. Seems to me that recent times John is really busy in homes.

    Bang bang two great homes.

  37. tables says:

    Beautiful looking home.

    I guess you don’t think it’s worth the asking price, with your ‘sucker born every minute’ comment!

  38. Hey John …

    What do you like most in this home … ??

Comments are closed.