01/02/2014 09:26 EST | Updated 03/04/2014 05:59 EST

Lululemon's Founder Chip Wilson's Home B.C.'s Most Expensive

Former Lululemon CEO Chip Wilson's new waterfront home in Vancouver is the most expensive house in British Columbia, according to figures released by B.C. Assessment today.

The yoga pants palace, which took five years to construct on three waterfront lots in the city's Kitsilano neighbourhood, took over the top spot with a value of $54 million, after construction was completed.

And despite property values dropping an average of five per cent across the province, the top ten priciest abodes in B.C. all exceeded $20 million each by a comfortable margin. 

1. 3085 Point Grey Rd., Vancouver –  $54,206,000

Last year, Wilson's 30,600-square-foot Point Grey residence was under construction and number two on this list. The two-storey house was custom built in 2008 with seven bedrooms and nine bathrooms. 

2. 4707 Belmont Ave., Vancouver – $46,023,000

This custom mansion topped B.C.'s most expensive list last year. Built in 2007, its 10 bedrooms and 17 bathrooms sit on 1.7 acres overlooking Spanish Banks.

3. 4719 Belmont Ave., Vancouver – $28,624,000

Just down the road from number two on our list is this two-storey mansion on almost 60,000-square-feet of land. The 16-year-old abode has six bedrooms and 10 bathrooms.

4. 4743 Belmont Ave., Vancouver – $25,557,000

This two-storey, 1.3 acre home was built in 1992. Its four bedrooms and nine bathrooms have waterfront views of Spanish Banks.

5. 5695 Newton Wynd, Vancouver – $25,295,000

Sitting on 1.5 acres of land, this two-storey house was built more than 20 years ago not far from the University of British Columbia. Its eight bedrooms and 13 bathrooms overlook Burrard Inlet.

6. 4773 Belmont Ave., Vancouver – $24,978,000

Just over an acre in size, this two-story home with five bedrooms and nine bathrooms was custom built in 2010.

7. 4857 Belmont Ave., Vancouver – $24,547,000

This single-storey house was built almost three decades ago. It has six bedrooms, five bathrooms and waterfront views. 

8. 3330 Radcliffe Ave., West Vancouver – $24,411,000

The priciest home in West Vancouver is this 39,000 square foot single-storey home. Built in 1999, it has five bedrooms, six bathrooms, and unobstructed views of Burrard Inlet and Point Grey.

9. 2815 Point Grey Rd., Vancouver – $24,158,000

This two-storey home is the oldest and smallest of B.C.'s top ten most expensive homes. Built in 1962, it sits on less than an acre of land — and across the street from Volunteer Park — but still has room for five bedrooms and six bathrooms. 

10. 2588 Bellevue Ave., West Vancouver – $23,298,000

The second priciest home in West Vancouver is this two-storey home, with three bedrooms and seven bathrooms, sitting atop more than 37,000-square-feet in the neighbourhood of Dundarave.

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Photo gallery Most Expensive House In Vancouver, December 2013 See Gallery