BC couple selling oceanfront house for bitcoin

Joannah Connolly - Glacier Media Real Estate

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This gorgeous custom-built home in Qualicum Beach is listed on the Bitcoin Real Estate website
Photograph By LISTING AGENT: JAMES ANDERSEN

This stunning oceanfront home in Qualicum Beach on Vancouver Island can be your dream getaway for $2.78 million Canadian dollars, or the equivalent in bitcoin – however much that may be. Today (January 12) it is 163.3 bitcoin – but next week it could be wildly different.

The blufftop home near Parksville was custom built in 2010 and has breathtaking ocean, island and mountain views. The house is a seismically engineered, open-concept, five-bedroom, five-bathroom, 5,788-square-foot luxury home with high-end finishings throughout, standing on 6.7 acres of oceanfront property. There are two gated entries, a separate caretaker home on the property, an oceanfront all-season gazebo and even orchards.

The MLS listing makes no mention of bitcoin as an acceptable alternative currency, but the home is also listed on Bitcoin’s real estate website for US$2,180,000 or the equivalent in Bitcoin.

The Stephan-Hecks are the lawyer-dentist couple selling the home. Camilla Stephan told the Vancouver Courier Friday, “Any offer will be written in dollars and will go through the normal process using a real estate lawyer, and will have to be in accordance with Canada’s anti money laundering and all other laws, to ensure legal conveyance. The buyer could then send bitcoin from his or her crytocurrency exchange, and we would choose to receive the funds in ‘dollars’ on our exchange. [The funds] would then sit in trust with our lawyer until the funds are verified as being legal tender, upon which title transfer would occur.”

According to a Globe & Mail article, the Vancouver Island couple are selling the home because they are downsizing now that their adult children have left the nest.