Shaughnessy Houses for Sale
Shaughnessy houses represent the ultimate expression of heritage luxury in Vancouver. This storied neighbourhood, developed in the early 1900s by the Canadian Pacific Railway, features grand estates set on oversized lots along curving, tree-canopied streets. First Shaughnessy is a designated heritage conservation area, meaning its stately homes are protected and maintained to preserve the neighbourhood's unique architectural legacy. Buyers here are acquiring not just a home but a piece of Vancouver's history, in a setting that feels worlds apart from the modern city surrounding it.
Quick Answer: Shaughnessy houses range from approximately $3.75M for homes in Third Shaughnessy to over $18.5M for heritage estates in First Shaughnessy along The Crescent. The neighbourhood is Vancouver's most prestigious residential address, known for heritage architecture, large lots, private schools, and a park-like setting. Properties here offer exclusivity, architectural grandeur, and long-term value preservation.
Shaughnessy Houses Market Overview
The Shaughnessy housing market is Vancouver's thinnest luxury segment, with only 2 to 5 sales per month on average. Many transactions occur quietly through private networks, and public MLS listings represent only a portion of available inventory. Buyers at this level are typically ultra-high-net-worth individuals, often with generational wealth or significant business success. The heritage conservation area designation in First Shaughnessy means that buyers must work within heritage guidelines for any renovations or additions, which adds complexity but also preserves neighbourhood character and exclusivity. Market cycles affect Shaughnessy less dramatically than mainstream segments, though even luxury markets respond to broader economic conditions.
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$5,980,0001799 CEDAR CRESCENT, Vancouver
6 beds8 baths6,475 sqft
MLS® R3153158 · Royal Pacific Realty Corp.
$3,680,0001516 BALFOUR AVENUE, Vancouver
5 beds4 baths4,088 sqft
MLS® R3152322 · Sutton Group-West Coast Realty
$4,280,0002087 W 18TH AVENUE, Vancouver
7 beds5 baths4,106 sqft
MLS® R3151151 · FaithWilson Christies International Real Estate
$5,990,0004625 CONNAUGHT DRIVE, Vancouver
5 beds4 baths5,297 sqft
MLS® R3151401 · Luxmore Realty
$7,980,0001239 W 40TH AVENUE, Vancouver
5 beds7 baths5,920 sqft
MLS® R3151385 · Royal Pacific Realty (Kingsway) Ltd.
$6,500,0001588 W 29TH AVENUE, Vancouver
6 beds5 baths4,402 sqft
MLS® R3150139 · Pacific Evergreen Realty Ltd.
$19,880,0001263 BALFOUR AVENUE, Vancouver
6 beds9 baths10,155 sqft
MLS® R3150070 · Dracco Pacific Realty
$7,380,0003835 SELKIRK STREET, Vancouver
6 beds7 baths6,257 sqft
MLS® R3149452 · LDG Realty
$6,275,0004987 CONNAUGHT DRIVE, Vancouver
6 beds5 baths6,561 sqft
MLS® R3148933 · FaithWilson Christies International Real Estate
Houses Price Range in Shaughnessy
Third Shaughnessy homes on standard lots start around $3.75M to $5.2M and offer the most accessible entry into the neighbourhood. Second Shaughnessy properties on larger lots range from $5.2M to $8.5M. First Shaughnessy heritage estates, particularly along The Crescent and Angus Drive, command $8.5M to $18.5M or more depending on lot size, heritage classification, and condition. Some of Vancouver's most significant residential sales have occurred in First Shaughnessy. Lot sizes are notably generous throughout the neighbourhood, with many properties sitting on half-acre or larger parcels that would be subdivided in most other areas of the city.
Notable Buildings & Developments
The Crescent heritage estates (First Shaughnessy)
Angus Drive grand homes with boulevard settings
Hycroft Manor (heritage event venue and landmark)
Osler Street Tudor and Edwardian residences
Matthews Avenue heritage row near VanDusen Garden
Lifestyle & Getting Around
Living in Shaughnessy
Living in Shaughnessy means inhabiting one of North America's grand residential neighbourhoods. Streets wind through mature plantings and heritage boulevards, creating a park-like atmosphere. Several prestigious private schools including York House, Little Flower Academy, and Shaughnessy Elementary are within or adjacent to the neighbourhood. VanDusen Botanical Garden borders the southern edge, and Queen Elizabeth Park is nearby. The neighbourhood is primarily residential, with shopping and dining available in nearby South Granville and Kerrisdale. Annual garden tours showcase the neighbourhood's horticultural heritage.
Transit & Commuting
Shaughnessy is served by bus routes along Granville Street, Oak Street, and King Edward Avenue. The neighbourhood is not directly on a SkyTrain line, though Oakridge-41st Avenue Station on the Canada Line is accessible from the southern portions. Most Shaughnessy residents rely on personal vehicles. The residential streets are designed for quiet, low-traffic living rather than transit efficiency.
Investment Potential
Shaughnessy houses are long-term wealth preservation assets rather than income-generating investments. The heritage conservation area designation limits redevelopment potential in First Shaughnessy, but it also protects the neighbourhood's character and exclusivity, supporting values over time. Third Shaughnessy offers more flexibility for renovation and potential multiplex development under Bill 44, attracting both end-users and builders. Historically, Shaughnessy properties have shown strong appreciation over decade-long holding periods, though short-term market timing is difficult in a low-volume segment. The neighbourhood's irreplaceable heritage character and limited supply make it a unique asset class within Vancouver real estate.
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Frequently Asked Questions
What is the average house price in Shaughnessy?
Shaughnessy house prices vary dramatically by sub-area. Third Shaughnessy homes average $3.75M to $5.2M, Second Shaughnessy properties range from $5.2M to $8.5M, and First Shaughnessy heritage estates can exceed $9.5M to $18.5M. The neighbourhood-wide average is approximately $5.65M to $7.5M, but this figure masks the significant variation between sub-areas.
What is the heritage conservation area in First Shaughnessy?
First Shaughnessy is a City of Vancouver designated Heritage Conservation Area, which means the heritage character of homes and streetscapes is protected. Homeowners must obtain heritage alteration permits for exterior changes, and demolitions require special approvals. This designation preserves the neighbourhood's grand architectural character and adds to its exclusivity and long-term value.
Can you renovate a Shaughnessy heritage home?
Yes, renovations are possible but must comply with heritage guidelines in First Shaughnessy. Interior renovations are generally unrestricted. Exterior changes require heritage alteration permits and must be sympathetic to the original architecture. Many Shaughnessy homes have been beautifully updated with modern interiors while preserving their heritage exteriors. Working with architects experienced in heritage renovation is recommended.
Is Shaughnessy a good area for families?
Shaughnessy is excellent for families who value quiet streets, large yards, proximity to private schools, and a park-like residential setting. The neighbourhood is home to several prestigious private schools, and the public school options are also well-regarded. The streets are low-traffic and safe for children, and VanDusen Botanical Garden and Queen Elizabeth Park provide extensive green space.
How does Shaughnessy compare to Point Grey for luxury homes?
Shaughnessy offers heritage grandeur, larger lots, and architectural significance. Point Grey provides ocean views and proximity to beaches and UBC. Shaughnessy tends to appeal to buyers who value historical architecture and prestige, while Point Grey attracts those prioritizing natural beauty and views. Both are among Vancouver's most expensive and exclusive neighbourhoods.
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