VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 19, 2014) - Sotheby's International Realty Canada announced today the noteworthy sale of a $5 million penthouse, which will rank as the most expensive condominium sale in Victoria.

The 4,226-square-foot property in Victoria's James Bay is part of the luxurious Shoal Point development on Dallas Road. Owned by award-winning music producer David Foster and designed by his wife Yolanda Foster, the penthouse unit had been renovated back to the studs and reconstructed by C&W Campbell Homes Ltd. and a local architect.

The luxurious penthouse features floor-to-ceiling windows with panoramic views of Juan de Fuca Strait and Victoria's Inner Harbour. The expansive floor plan spans two floors and features three large bedrooms, a gourmet kitchen with elegant marble counters and top-of-the-line appliances, and a master bedroom with in-floor heating and a custom walk-in closet. A spacious deck overlooking the city skyline, ocean and distant mountains connects the home to the outdoors.

"David bought this home because he fell in love with the building and its incredible views, and Yolanda redesigned it into a modern and original masterpiece that both of them have cherished," said Sophia Briggs, listing agent with Sotheby's International Realty Canada. "This is a property that is truly one of a kind."

The home was marketed locally, nationally and internationally by Sotheby's International Realty Canada listing agents Sophia Briggs, James LeBlanc and Scott Piercy. The purchasers of the home are from outside the Victoria region.

"This is a notable sale for the Victoria real estate market, not only because it breaks the record for condo sales, but because the interest that we saw from potential buyers locally and around the world is a very promising indicator for Victoria's luxury real estate market leading into spring," said President and CEO of Sotheby's International Realty Canada, Ross McCredie.

Details on the sale and purchaser remain private.

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About Sotheby's International Realty Canada

Combining the world's most prestigious real estate brand with local market knowledge and specialized marketing expertise, Sotheby's International Realty Canada is the leading real estate sales and marketing company for the country's most exceptional properties. With offices in over 20 residential and resort markets nationwide, our professional associates provide the highest caliber of real estate service, unrivaled local and international marketing solutions and a global affiliate sales network of approximately 600 offices in more than 45 countries to manage the real estate portfolios of discerning clients from around the world.

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Katie Reiach