Chilliwack’s most valuable home owned by VIP Chinese gambler

Top 10 most valuable properties in the City of Chilliwack are in the country

Down many of Chilliwack’s rural roads are grassy fields, rustic barns, dairy farms and grazing animals.

What’s also in there and amongst modest residences and ramshackle trailers are some of the most expensive properties in the city.

The top 10 residential addresses with the highest assessed values for 2020 are mostly mansions set away from the road on rural properties in places such as Greendale, Rosedale and Yarrow, and seven out of the 10 are all in the Agricultural Land Reserve (ALR).

On a bend on McSween Road on Fairfield Island is number 10 on the list, a modest house that sits on 17 acres and includes an industrial greenhouse operation with an assessment of $2.05 million, according to BC Assessment.

Over to Greendale is a newer house set back from Blackburn Road valued at $2.16 million in the number seven spot.

On Thornton Road between Promontory and Ryder Lake is a perennial top 10 Chilliwack valued home at $2.33 million. This property at 47295 Thornton Rd. was the number one valued property for a number of years.

• READ MORE: Property assessments may give sticker shock to some Chilliwack homeowners

This Rosedale house in the ALR at 50200 Castleman Rd. is the third most valuable residential property in Chilliwack in 2020 at $2.66 million, according to B.C. Assessment. (Paul Henderson/ The Progress)

Number three is huge house in the ALR on Castleman Road at $2.66 million. Number two is hidden about as high up as you can go on Vedder Mountain in Yarrow on Karson Road valued at $2.96 million.

But it’s one of the most unique properties in Chilliwack that sits at number one on the list. The only house valued at over $3 million – at $3.16 million to be exact – is a mansion on 11 acres surrounded by 15-foot-high cedar hedging, chain link fence, and guarded by more than 30 security cameras.

The home was a mystery and a curiosity to neighbours until news reports from a little over a year ago revealed the home is owned by Rongxiang “Tiger” Yuan, a man reportedly tied to the Chinese military who owns a gun shop and an extensive firearms collection.

Underneath the 10,000-square-foot home is an underground garage with millions of dollars of luxury cars, antique vehicles and weapons. Yuan is a so-called “whale” gambler that investigators connected to alleged massive cash deliveries at Richmond’s River Rock Casino, according to allegations in 2015 Lottery Corp. investigation documents.

• READ MORE: VIDEO High security at Chinese VIP gambler’s rural Chilliwack compound

Top 10 valued properties in the City of Chilliwack, according to BC Assessment:

1. 6500 Chadsey Road (Greendale) $3.16 million

2. 3190 Karson Road (Yarrow) $2.96 million

3. 50200 Castleman Road (Rosedale) $2.66 million

4 . 47295 Thornton Road (Promontory-Ryder Lake) $2.33 million

5. 6255 Chadsey Road (Greendale) – $2.3 million

6. 51875 Nevin Road (Rosedale) – $2.29 million

7. 42273 Keith Wilson Road (Greendale) – $2.17 million

8. 6185 Blackburn Road (Greendale) – $2.16 million

9. 8050 Old Orchard Road – $2.07 million

10. 11160 McSween Road (Fairfield Island) – $2.05 million


Do you have something to add to this story, or something else we should report on? Email:
paul.henderson@theprogress.com

@PeeJayAitch
Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

 

Just Posted

Chilliwack Agriculture Tour goes virtual during pandemic

Rather than bus tourists to local farms, tour stops will be posted on Facebook and Instagram

City of Chilliwack holding annual Hazardous Waste Day in early October

The one-day event is a chance to get rid of household things like pesticides and paint cans

Child sex offender relocated from Princeton after newspaper reveals his proximity to school

Offender convicted in 2019 of charges related to sex assault and child pornography

CHARTS: Beyond Metro Vancouver, COVID-19 cases in B.C. haven’t increased much recently

COVID-19 case counts outside of Metro Vancouver have been level since July

Chilliwack Chiefs to play home-heavy preseason slate

The BCHL team will play 11 exhibition games, only three of them on the road

3 new deaths due to COVID-19 in B.C., 139 new cases

B.C. confirms 40 ‘historic cases,’ as well

Supreme Court Justice Ruth Bader Ginsburg dies at 87

The court’s second female justice, died Friday at her home in Washington

Emaciated grizzly found dead on central B.C. coast as low salmon count sparks concern

Grizzly was found on Gwa’sala-‘Nakwaxda’xw territory in Smith Inlet, 60K north of Port Hardy

VIDEO: B.C. to launch mouth-rinse COVID-19 test for kids

Test involves swishing and gargling saline in mouth and no deep-nasal swab

Young Canadians have curtailed vaping during pandemic, survey finds

The survey funded by Heart & Stroke also found the decrease in vaping frequency is most notable in British Columbia and Ontario

B.C. teachers file Labour Relations Board application over COVID-19 classroom concerns

The application comes as B.C.’s second week of the new school year comes to a close

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

70-year-old punched in the head in dispute over disability parking space in Nanaimo

Senior’s turban knocked off in incident at mall parking lot

Machine pistol among 14 firearms seized from Alaska man at B.C. border crossing

Corey Scott Kettering faces charges of smuggling and prohibited firearm possession

Most Read