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5791 NEWTON Wynd in Vancouver: University VW House for sale (Vancouver West) : MLS®# R2205644

Posted by Aedis Realty on May 21, 2018
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British Columbia University Endowment Lands

General Description

UBC Endowment Lands 1The unincorporated University Endowment Lands (Lands) surround the University of British Columbia between the City of Vancouver, Canada and the Strait of Georgia between the Lower Mainland and Vancouver Island. The mostly forested Pacific Spirit Regional Park composes about half of the 5.46 square miles of the Lands. On Point Grey at the end of the peninsula, high cliffs drop steeply to beaches 200 feet below.

Administration

The Province of British Columbia administers the Lands directly. In a 1995 referendum, residents voted against establishment of a municipal governing body. Administration of the University of British Columbia and its housing land is under a duality of the university and the University Neighbourhoods Association with the association performing most municipal services. The Lands have no mayor or municipal government. The University of British Columbia, the Greater Vancouver Regional District, and the Province of British Columbia administer areas of the Lands. Law enforcement is under the Royal Canadian Mounted Police. The City of Vancouver provides fire and rescue services under contract.

Climate

UBC Endowment Lands 2The Lands are close to seaside cliffs on the Strait of Georgia, and strong winds are frequent. Snowfalls are infrequent but more common than in the city farther inland because of the higher altitude of the Lands and their lack of urban development to generate heat. On a peninsula surrounded on three sides by water the Lands have more humidity than does Metro Vancouver as a whole. Fog is sometimes daily during winter months.

History

The University Site Act in 1911 set aside 175 acres in Point Grey for the university. The British Columbia University Loan Act in 1920 allowed an auction sale of 3,000 acres of Crown land on Point Grey for residential development. Auction proceeds went into a university endowment account. During the Great Depression of the 1930s, financially unable to develop the land, the university returned it to the government.

There have been many attempts to develop this area opposed by resident environmental activists. In 1988, the provincial government created Pacific Spirit Park, which functions as a greenbelt between the developed areas of the Lands and the City of Vancouver. Further development of the Lands will be difficult as it would require consultation with university students, staff, and faculty, environmental organizations, business organizations, residents, and the general public.

Information Links:

http://www.universityendowmentlands.gov.bc.ca

Population

UBC Endowment Lands 3Other than students living in university residences, the Lands’ residential population is small and mostly high-income professionals who can afford the very high realty prices. The 2001 census reported an official permanent population of 7,816 and around 40,000 undergraduate students, graduate students, faculty, and staff.

Transportation

Only five roads lead from Vancouver into the Lands; however, the area is readily accessible by public transit. The UBC Loop is the western terminus of many TransLink bus routes

Economy

Most economic activity occurs around University Village and University Marketplace, which are next to each other just off the campus near University Boulevard and Allison Road, where there are several restaurants, some shops, medical clinics, and some services. Most university businesses operate in the Student Union Building.

New UBC Endowment Lands Live MLS Listings

5791 NEWTON Wynd
University VW Vancouver V6T 1H6

$24,800,000
Residential Detached beds: 6 baths: 8.0 10,209 sq. ft. built: 2016

Main Photo: 5791 NEWTON Wynd in Vancouver: University VW House for sale (Vancouver West)  : MLS®# R2205644
Prop. Type:
Residential Detached
MLS® Num:
R2205644
Status:
Active
Bedrooms:
6
Bathrooms:
8
Year Built:
2016
Grand double height foyer greets family and guests in style. Exquisite executive/family home boasting over 10,000 square foot with 6 bedrooms and 8 bathrooms, on a beautifully landscaped 30,0000 square foot estate property with sweeping views of ocean and mountains. Built with meticulous attention to detail and the finest of materials, this home exudes luxury and quality. From the marble and oak floors, custom over-height doors, paneled walls and electric blinds to the handy elevator and Control 4 Smart Home system, to the spa centre, complete with indoor pool, jacuzzi, sauna & steam bath, this home has it all. To see is to fall in love.
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
2016 (Age: 2)
Total area:
10,209 sq. ft.
Total Floor Area:
10,209 sq. ft.
Price Per SqFt:
$2,429.23
Total unfinished area:
0 sq. ft.
Main Floor Area:
3,225 sq. ft.
Floor Area Above Main:
3,081 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
3,903 sq. ft.
Finished Levels:
3.0
Rainscreen:
Bedrooms:
6 (Above Grd: 4)
Bathrooms:
8.0 (Full:6/Half:2)
Kitchens:
2
Rooms:
28
Taxes:
$38,467.99 / 2017
Lot Area:
0.69 acre(s)
Lot Frontage:
65'⅛"
Lot Depth:
299.95
Rear Yard Exposure:
Outdoor Area:
Balcony(s); Patio(s) or Deck(s), Fenced Yard
Water Supply:
Plan:
VAP6034
Heating:
Construction:
Foundation:
Basement:
Fully Finished
Roof:
Floor Finish:
Fireplaces:
3
Fireplace Details:
Natural Gas
Parking:
Parking Total/Covered:
3 / 3
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Suite:
Floor
Ensuite
Pieces
Other
Main
Above
Above
Above
Above
Below
Below
Below
Air Conditioning, Clothes Washer/Dryer/Fridge/Stove/DW, Drapes/Window Coverings, Fireplace Insert, Hot Tub Spa/Swirlpool, Jetted Bathtub, Microwave, Security System, Sprinkler - Inground, Swimming Pool Equip.
Golf Course Nearby, Private Setting, Treed
Elevator, Garden, In Suite Laundry, Pool; Indoor, Sauna/Steam Room
WATER AND MOUNTAIN
PL VAP6034 LT 7 BLK 78 DL 140 LD 36
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Services Connected:
Community, Electricity, Natural Gas, Sanitary Sewer, Storm Sewer, Water
Listed Date:
Previous Price:
Original Price:
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Larger map options:
Faith Wilson Group and Team 3000 Realty Ltd.
Listing information last updated on May 11, 2018 at 11:27 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$6,280,000
Min list price:
$549,000
Max list price:
$24,800,000
Avg days on market:
84
Min days on market:
3
Max days on market:
430
Avg price per sq.ft.:
$1,757.99
These statistics are generated based on the current listing's property type and located in University VW. Average values are derived using median calculations.
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