A Lynn Road residence in Tofino has sold for $3.162 million.
The 9,600 sq. ft. luxury home marked the highest reported residential sale in Tofino’s history, besting the town’s former record of $2.3 million set by another Lynn Road residence earlier this year.
The buyers are from Alberta.
The home was listed by Engel & Volkers Nanaimo and the company’s vice-president Brian Danyliw is optimistic that more big sales are en route to Vancouver Island.
“It is not uncommon for higher-end homes to take more time to sell, but we seem to be having a good influx of international buyers that are shopping in the high end,” Danyliw said through a recent media release.
Currently on the Vancouver Island Real Estate Board there are 142 properties listed at or above $1 million. Of that there are 16 properties listed for $2 million or more, and 10 over $3 million.
The priciest property is 875 Brabant Place in Tofino at $7.9 million. The Brabant property which sits on 1.5 acres of prime west coast ocean front, has been on the market since 2009.
“With the strength of the U.S. dollar, we expect to start seeing an influx of American buyers simply because of the incredible value of property here. Vancouver Island is safe, beautiful and has so much to offer.”