Score
0North Vancouver, BC
996 Wellington Dr
4.3M
6 beds
9 baths
6,189 sqft
6 bd • 9 ba • 6,189 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$4,288,000
Price/Sq.Ft
$693
Year Built
2025
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This luxurious farmhouse mansion, set to be completed in 2025, offers an impressive 6,189 sq ft of living space on a massive 85ft x 150ft lot (12,750 sq ft) in the heart of Lynn Valley, North Vancouver. At $692.84/sqft, it's competitively priced for a new luxury build in this area, where similar properties can fetch $700-$800/sqft. The property boasts 6 bedrooms and 9 bathrooms, providing ample space for large families or those who frequently entertain. High-end features include a chef's kitchen with two oversized islands, Control 4 Home Automation, Sonos sound system, air conditioning, and HRV. The home also features a gym with sauna, media room with built-in projector and 150" screen, and a wet bar. A major advantage is the inclusion of a 1-bedroom legal suite, offering potential rental income or multi-generational living options. The property's location is exceptional, within walking distance to Argyle Secondary School, Lynn Valley Elementary School, and Lynn Valley Town Centre, potentially boosting its long-term value.
The Bad
While the property offers numerous high-end features, the price point of $4,288,000 may be prohibitive for many buyers in the North Vancouver market, where the median income is $83,995. This limits the pool of potential buyers significantly. The large size of the home (6,189 sq ft) may result in higher utility costs and maintenance expenses. With 9 bathrooms, plumbing maintenance could be a considerable ongoing expense. The 2025 completion date means buyers will need to wait before moving in, and there's always a risk of construction delays or unforeseen issues with new builds.
The Ugly
The high-end nature of this property makes it vulnerable to luxury market fluctuations, which can be more volatile than the general housing market. If the local economy experiences a downturn, properties in this price range often see larger percentage drops in value. The large lot size (12,750 sq ft) may require significant landscaping and maintenance costs. Given North Vancouver's climate, with higher rainfall than other parts of the Lower Mainland, proper drainage systems will be crucial to prevent water damage, potentially adding to maintenance costs. The hillside terrain typical of North Vancouver may pose challenges for accessibility and could require additional structural considerations, potentially leading to higher insurance premiums.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-net-worth individuals or families with a household income of $500,000+ annually, assuming a 20% down payment and factoring in property taxes, insurance, and maintenance costs. It's ideal for those who prioritize luxury living, need ample space for a large family or frequent entertaining, and value modern amenities and smart home features. The property would appeal to tech-savvy homeowners who appreciate the integrated home automation systems. Families with school-age children will benefit from the proximity to well-regarded schools. The legal suite makes it attractive for buyers looking for multi-generational living arrangements or potential rental income to offset mortgage costs.
Not For
This property is not suitable for first-time homebuyers or those with moderate incomes, given its high price point. It's not ideal for individuals or small families who prefer low-maintenance living, as the large home and lot will require significant upkeep. Buyers looking for immediate occupancy should look elsewhere due to the 2025 completion date. Those prioritizing energy efficiency and low utility costs may find the large square footage challenging. Individuals with mobility issues should carefully consider the potential challenges posed by North Vancouver's hilly terrain.
Demographics
Area Median Income
$83,995
Property History
Price History
Ownership Timeline
$324,000Cash Purchase
Aug 24, 2020Dustin Allen DewittMicah A Johnson, Karla M Johnson
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Feb 14, 2007Duane S Hansa, Kay Marie HansaDustin Allen Dewitt
Deed
Non-Arm's Length Transactions
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Schools
Details about nearby schools in this area
Financials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$900
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