Which Was Vancouver's Most Expensive Penthouse in 2006?

In Vancouver's frothy real estate market in 2006, the most expensive Penthouse condo was in El Presidio at 2088 Barclay in the West End, bordering Stanley Park. 4000sf with a maintenance fee of $1500 per month.Built in 1989, it is a two floor condo and was renovated.

Prior to 2006, Two Harbour Green's Penthouse sold in 2005 for $7.75M and the Shangri-la Penthouse went for $7.4M the same year.

Robert Quigg of The Quigg Group bought El Presidio Penthouse in 2004, gutted it to the tune of $5M and refitted it. Quigg says the luxury living market is booming with wealthy residents and jet setters who see Vancouver as a bargain. "We're the most livable city in the world, but we're not the most expensive city", he says. "I think there's a real demand for quality and trophy properties.

According to MLS, sales of condo properties increased 8.4% to 1,779 sale in March 2006, compared to 1,641 sales in March 2005.

The benchmark price of a condo property in Greater Vancouver Index is $305,022, up 22.6% from one year ago.

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