For sale: The unremarkable yellow house behind billionaire Jimmy Pattison’s empire — via financialpost
“It was a great house, right on the water, with great neighbours,” he said. “The tides would come in, and so we built a cement wall to protect it.”
That is just about where things stood until late December 2022, when Mark Sager, Mayor of the District of West Vancouver, invited Pattison to dinner. Historically, Vancouver and, lately, the district of West Vancouver had been attempting to buy up 32 beachfront properties in the Ambleside neighbourhood to convert the area into parkland.
in January. The district paid Pattison said amount, while Jim Pattison Industries Ltd. gave a similar amount to the district for two non-beachfront pieces of land that had been donated by a private citizen. The mayor shares an illuminating story about Pattison from his pre-billionaire days. His parents, Hank and Shirley, owned Sager’s Maple Shop, a furniture store in Ambleside. Pattison and his wife went there looking for items to furnish their yellow house. Hank loaded the selected pieces in his truck for delivery and was greeted at the house by Mary, who upon learning of the actual prices, politely observed, “Hank, we can’t afford any of this.
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