Most expensive house for sale in Kamloops is $3.15M

What does $3.15 million get you in Kamloops?

The most expensive home currently listed for sale in the city is what.

It's a 7,000-square-foot craftsman mansion with saltwater pool overlooking The Dunes golf course at 700 Harrington Rd.

Everything is generously proportioned from the great room with 32-foot-high ceilings and majestic, stone, floor-to-ceiling fireplace and gourmet kitchen with cherry wood cabinets to the custom-built hotel-style bar with wine cellar and theatre room in the basement.

For a house so large, there are only three bedrooms, but big bedrooms, and five bathrooms.

The home is designed for entertaining with 3,000 square feet of outdoor patios, including outdoor kitchen and living room with another soaring stone fireplace, beside the 50-by-20-foot saltwater pool.

There's also a games room and the aforementioned bar and theatre room in the basement.

For when work needs to be done or moments of solitude there's an office and his-and-her dens.

"The special features of this exceptional home includes luxuries not available in any other home in Kamloops," reads the realtor description of the property.

The listing agent for 700 Harrington Rd. is Jessica Sutherland of Royal LePage Westwin Realty.

Considering that the benchmark selling price of a typical single-family home in Kamloops is $788,000, 700 Harrington is four times more expensive than average.

Online listings tend to have a section that automatically calculates mortgage details for the property.

In this case, a 20% down payment on $3.15 million is $630,000, leaving $2.52 million million to be financed.

Assuming a 25-year amortization with a five-year fixed interest rate of 4.69%, the monthly mortgage payment for 700 Harrington would be $14,215.

However, whoever ultimately buys this home will be wealthy enough to handle such payments, put more down or maybe even buy it outright with part of their fortune.

In fact, it might not even be the buyer's full-time residence, but a vacation or second or third home.

Point2Homes.com keeps an ongoing list of the 'most expensive homes for sale in Canada' as a way of drawing attention to its international real estate search portal.

While 'most expensive' is an attention-grabber and allows us to gawk at and dream about palatial places, Point2Homes.com lists all types of homes for sale and for rent, searchable by city.

The most expensive home currently listed for sale in Canada at a cool $39 million is a futuristic, six-bedroom, 10-bathroom mountain estate in Whistler.

Runner-up is a 26,000-square-foot estate in Mississauga, listed for $37.5 million, that looks like a lavish French chateau.

See the full report here: https://www.point2homes.com/news/canada-real-estate/most-expensive-homes-for-sale-canada.html