‘Twin Cedars’, 1.3-acre Burnaby, B.C. estate is back on the market after selling for $9.948 million in 2012. With today’s raging real estate market don’t expect to pay anywhere close to what it previously sold for, the residence has come on the market for $18.8 million – a cool $8,052,000 more than the previous sale price. Designed by Ernest Collins, the residence offers a little over 14,600 square feet with five bedrooms & seven bathrooms, a circular office, indoor racquetball court with viewing lounge, mahogany woodwork, and marble & limestone masonry.
The original owners spent two years building the home which includes impressive cherrywood ceilings, mahogany bookcases, panelling, oak mouldings & trim, and a gourmet kitchen with unique circular portion. The surrounding estate resembles a private resort with gorgeous swimming pool, covered entertaining areas, and an abundance of gardens including a formal English rose garden, herb garden, and perennial gardens. At the time of construction, the original owners had flown in many of the plants from Washington and Oregon.
The house was built in 1995 for local businessman Ray Loewen who lived there for 13 years before first trying to unload it.
When it hit the market in 2008 Loewen had a $25 million asking price making it the most expensive home listed in Metro Vancouver at the time and the second most expensive in all of British Columbia. Today in Vancouver it’s common to see building lots listed as much as $25 million.
Today the home is ready for a new family, a family with very deep pockets. It can be yours for $18.8 million. It’s listed with Royal Pacific Realty.
Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.