Big Fat Deal: $11 Million to be a Minimalist in Kerrisdale

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Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province

Address: 6485 Cedarhurst Street, Kerrisdale

Price: $10,998,000

Listing: R2234536

The skinny: Five-bedroom, seven-bathroom, 6,481-square-foot house on a 15,847-square-foot lot in Kerrisdale.

The bling: OK, it’s time to get with the times and leave the frou-frou behind. Yes, we know you love your frills and fancies, your chintz and your shag, but being a person of high net worth brings with it responsibilities. What? This is news to you? Don’t panic, we aren’t coming after your non-declared income or your shady shell companies. There’s no shorting your market up our sleeves, honest. We just think you should be aware that if you really want to look good around town right now, you should try living in a sleek, modern box with sliding windows for walls and (extremely expensive) natural materials that downplay your wealth rather than all that Italian marble and Svarowski crystal you’ve been bedecking your space with for decades. Seriously, dude, minimalism shows you’ve got so much money to burn you don’t have to prove it. You can clad your walls with wood and shower among lumps of raggedy rock, and people will think you have style. Sure, the through draft of indoor/outdoor living and that fabulous skinny pool are only really of value maybe two months of a Vancouver year, but that in itself shows your reserves are bottomless. And anyway, a dozen more patio heaters screwing up the environment isn’t your problem. Right? Rich people responsible? We were only joking.

The hidden extras: Wok room, media room, wine cellar, gym, air conditioning (because you might not want to, you know, open one of those great big wall windows and you deserve to live in a climate-controlled world).

This article was originally posted on BCBusiness on May 17, 2018. Written by Fiona Morrow 

 

Lynn Hsu, CEO of Macdonald Realty, named one of The 50 Most Influential Women in BC | BCBusiness

From politicians to bankers, charity mavens to retail entrepreneurs, these are the leaders who are having a big impact behind the scenes and at centre stage in British Columbia.

If you’re a reader of the business press—or any story featuring the power brokers in our midst—you’ll be struck by one thing above all else: the paucity of women. While some may argue that “them’s the numbers”—and yes, women are poorly represented in the boardrooms and backrooms of B.C.—the fact is that we in the media bear some responsibility. The evidence of powerful and dynamic women leaders abounds. It’s just not being reported as frequently.

That, in part, is why BCBusiness decided to do this survey of B.C.’s Most Influential Women: to put a distinctly female face on power and influence in B.C….

Lynn Hsu
President and CEO, Macdonald Realty

Influence: Taiwanese immigrant Hsu has helped turn Macdonald into one of the largest full-service real estate firms in B.C–and the gateway for Mainland Chinese investors.

The panel says: “Macdonald is far bigger than even the real estate industry realizes, in terms of the amount of transactions. They’re one of the largest residential brokers in B.C., and on the commercial side, the amount of real estate that they’re transacting–they’re doing deals that are as big as what Colliers or CBRE is doing.”

Read about the other 50 Most Influential Women in BC at BCBusiness

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BC Real Estate is Front and Centre in Shanghai | BCBusiness with Dan Scarrow

Beyond Borders
Macdonald Realty’s Shanghai office is meeting the needs of its clients and bearing fruitful results

As seen in BCBusiness July 2015 issue.

As the demands of the BC real estate market change, realtors and their respective real estate agencies must react accordingly to stay in the game. For one agency, this meant thinking outside of the box and stepping out of its time zone.

When Macdonald Realty opened its office in Shanghai, China, last year, it was branded as “The Canadian Real Estate Investment Centre.” But Dan Scarrow, who manages the Shanghai office, says that his Chinese clients had their own words to describe it. Impressed with the office’s scope, they say that it covers “an entire dragon of services.”

Those services include residential resale, commercial sales and leasing, new development project marketing and property management. While American, Australian, New Zealand and European real estate companies had established offices in China, Macdonald Realty was the first company in China with a sole focus on Canadian real estate. The company decided to open the office as a response to their clients’ desire for better access to the Chinese market.

Scarrow is uniquely qualified to run the office. He has been working with Macdonald Realty for nearly 10 years, and has worked as an executive assistant for the CEO, and as a residential and a commercial agent. He is a born-and-bred Vancouverite, but he is half Taiwanese. “The upshot is that Mainland Chinese see me as a white Canadian, but I’m also able to communicate with them in Mandarin,” he says. “I guess you could say that, in China, I am an authoritative foreign curiosity and hence memorable.”

His company, says Scarrow, has several competitive advantages. “Our intimate knowledge of the market is what makes us uniquely valuable to investors here,” he says. “We are small enough to be agile, but big enough to provide a full range of brokerage, management and advisory services.”

Scarrow works with Chinese clients who are in the process of immigrating to Canada, with new Canadians and with pure investors. Those interested only in investment tend to look at new condos and commercial properties. “What resonates with investors in China is the perception of Canada as a safe and secure investment climate, in contrast with China’s robust, but volatile, environment,” says Scarrow.

In order to stand out in today’s highly competitive real estate market, Macdonald Realty has undertaken several innovative marketing strategies. As technology has made property information widely available to the public, Scarrow notes that the role of the real estate agent has shifted: from gatekeeper of information to interpreter and negotiator. To meet the demands of those roles, Macdonald Realty has been working with an outside training organization to offer all agents the exclusive Certified Negotiation Expert (CNE) designation. Macdonald Realty has also launched its own magazine called Macdonald Realty Luxury Homes, to help market its luxury home listings in Canada and in China. Produced by the company’s own in-house creative marketing team, the magazine has proven to be a hit.

But from his own experience, Scarrow says that the most important way for an agent to get ahead is to be a competent professional first. “Doing a fantastic job with one client will generate more long-term business than even the most successful email campaign,” he says. “Start with the people who know and trust you, do an unbelievable job for them and continue learning about how to be a professional from the good agents and managers around you.” Dan Scarrow manages Macdonald Realty’s Shanghai office sults just come a lot easier.”

This article was originally posted on BCBusiness, June 12th, 2015. 

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Big Fat Deal: This is what $15 million will buy you in Vancouver | BCBusiness

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Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province in their Big Fat Deal real estate blog.

Price: $14,988,000
Address: 1268 Tecumseh Avenue, Vancouver
MLS: V1100762
Listing agents: Erin Mulhern and Manyee Lui at Macdonald Realty Ltd. in Vancouver

Custom built in 1984 with a Georgian design, this 7,000-sq.-ft. residence’s stately grandeur matches its location just off Vancouver’s exclusive Crescent enclave in the city’s First Shaughnessy district. For history buffs, the Crescent has always been synonymous with wealth and power, being the preferred address of lieutenant governors and the city’s elite over the past century.

Fast forward to present day and the area still holds cache with numerous august homes and estate-sized lots. This gated residence is described by listing agents Erin Mulhern and Manyee Lui as “simply exquisite” with a beautifully appointed interior that starts with a dramatic foyer accented by 18-foot ceilings and a sweeping double staircase leading to a galleried landing that sets the tone for the rest of the home.

The kitchen counts professional-line appliances while an expansive great room with vaulted and coffered ceilings provides an outlook that spans the entire south-facing garden. A butler’s pantry serves as a connection between the kitchen and the dining room, where mirrored ceiling panels and a chandelier add a touch of glamour.

The formal 23-foot living room can easily accommodate a baby grand piano, while hardwood floors flow through to the adjoining study where wainscoted walls imbued with a deep red gloss add a further notch on the imperial chart.

The upper level is home to four bedrooms including a private master wing endowed with the required walk-in closet and a spa-like ensuite bathroom complete with a rain head shower and bench seating, plus a stainless-steel freestanding bathtub. A one-bedroom suite above the three-car garage provides additional accommodation.

Pull up a chair in the recreation room downstairs where a well-stocked bar and separate wine cellar will keep the libation flowing, or decamp into the media room for movie watching.

Multiple french doors lead out into a garden oasis with large terraces that are perfect for summer entertaining, and a swimming pool and a tennis court for friendly—or more serious—competition.

This article was originally posted on BCBusiness, April 24th, 2015.  Written by Nicola Way.

Nicola Way runs the property listing sites BestHomesBC.com and AssignmentsCanada.ca.

Big Fat Deal: $10 million for a castle-like home near Victoria | BCBusiness

Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province in their Big Fat Deal real estate blog.

Price: $9,990,000
Address: 9750 West Saanich Road, North Saanich
MLS: 336209
Listing agent: Peter Nash at Macdonald Realty Ltd. in Victoria

For those seeking a little ooo-la-la in their home life, try this French-inspired chateau sitting on a six-acre estate for size. Even its name ‘Chateau de Lis’ conjures up romance and elegance.

Better still, you don’t have to travel to Europe to find it. Located 30 minutes from downtown Victoria, North Saanich plays host to this 9,800-sq.-ft. residence, which was constructed in 2007.

La noblesse would surely feel at home here. As listing agent Peter Nash explains, the house has been “designed, crafted, engineered and built to a very high standard with great attention to quality and detail.” An exhaustive list of bespoke finishings dominate the house with plastered Italian tile ceilings, turrets, concrete surround with decorative sculptures, travertine fossil floors, custom-made gargoyles, imported antique chimney caps, Juliet balconies, a slate and copper roof, limestone and porcelain floors, and stained-glass windows.

And the gardens wouldn’t look out of place at the Palace of Versailles, either. Along with exquisite landscaping, manicured lawns, fountains, bridges, an orchard, and vegetable gardens comes one of the property’s other showcases: almost 300 feet of easy-access oceanfront and a prime westerly exposure with far-reaching views across the Saanich Inlet.

Beyond the old-world elegance are also two levels of luxurious living, incorporating modern desires such as a theatre room comprising a state-of-the-art projector and two-tier seating with plush leather seats. Of course no stately home would be complete without a wine cellar and this 1,000-bottle temperature-controlled one will not disappoint.

The great room and dining hall would impress even Louis XIV with lofty vaulted ceilings, carved fireplaces, murals and panoramic water views. The commercial-grade kitchen ups the ante with high-end appliances, including a concealed Sub-Zero fridge and freezer and a copper-hooded, vented pizza oven.

There is separate accommodation for guests—designed with the same flair as the main residence—and above the garages for six cars are, of course, those caretaker quarters. After all, what’s a chateau without staff?

This article was originally posted on BCBusiness, January 8, 2015.  Written by Nicole Way.

Nicola Way runs the property listing sites BestHomesBC.com and AssignmentsCanada.ca.