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4838 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West) : MLS®# R2720295

Posted by Aedis Realty on December 8, 2022
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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

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4838 BELMONT Avenue
Point Grey Vancouver V6T 1A9

$59,800,000
Residential Detached beds: 5 baths: 8.0 12,410 sq. ft. built: 2022

Main Photo: 4838 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2720295
Status:
Active
Prop. Type:
Residential Detached
MLS® Num:
R2720295
Bedrooms:
5
Bathrooms:
8
Year Built:
2022
This brand new mansion in the prestigious Pt. Grey area is absolutely magnificent & contemporary. Quality craftsmanship, luxurious materials & impressive details of finishing. Over 12,400 sqft of elegant living offers Italian marble flr on main. A Grand Foyer w/ elevator & a stunning staircase. Massive Chef Kitchen w/ marble countertop, a wok kitchen & eating area. Open plan L/R, D/R & family room w/ access to a 1,404 sqft patio. 5 bdrms include a spacious Mbdrm with Italian-made walk-in closet system, marble ensuite + an extra large den. Wet bar with wine room, plush media room & a gym. A huge rooftop deck w/ fireplace to enjoy the panoramic views. A lush compound landscape, 2 garages (front & rear), A/C & more. Close to beaches, golf course & UBC Campus. Truly a lifetime dream home!
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
2022 (Age: 0)
Total area:
12,410 sq. ft.
Total Floor Area:
12,410 sq. ft.
Price Per SqFt:
Total unfinished area:
Main Floor Area:
4,472 sq. ft.
Floor Area Above Main:
Floor Area Above Main 2:
Floor Area Detached 2nd Residence:
Floor Area Below Main:
Basement Area:
No. Floor Levels:
3.0
Rainscreen:
Bedrooms:
5 (Above Grd: 5)
Bathrooms:
8.0 (Full:5/Half:3)
Kitchens:
Rooms:
Taxes:
$112,178 / 2022
Lot Area:
37,154 sq. ft.
Lot Frontage:
175'
Lot Depth:
IRR
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Pad Rental:
# or % of Rentals Allowed:
# or %:
Water Supply:
Plan:
VAP6583, 7434
Total Units in Strata:
Heating:
Construction:
Foundation:
Basement:
Full
Full Height:
Crawl Height:
Roof:
Floor Finish:
Fireplaces:
2
Fireplace Details:
Parking:
Parking Total/Covered:
8 / 6
Parking Access:
Driveway:
Exterior Finish:
Title to Land:
Freehold NonStrata
Flood Plain:
Suite:
Floor
Ensuite
Pieces
Other
Main
Main
Above
Above
Above
Above
Below
Below
Air Conditioning, Clothes Washer/Dryer/Fridge/Stove/DW, Intercom, Jetted Bathtub, Microwave, Pantry, Security System, Sprinkler - Inground, Wet Bar, Wine Cooler
Central Location, Golf Course Nearby, Private Setting
Air Cond./Central, Elevator, Exercise Centre, Garden, Pool; Indoor
WATER, MOUNTAIN AND CITY
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Cats:
Dogs:
Units in Development:
Plumbing Details:
Services Connected:
Previous Price:
Original Price:
  • Photo 1: 4838 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2720295
    Photo 1 of 1
Listed by Macdonald Realty
Data was last updated December 8, 2022 at 10:10 PM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$4,680,000
Min list price:
$2,798,000
Max list price:
$59,800,000
Avg days on market:
56
Min days on market:
3
Max days on market:
343
Avg price per sq.ft.:
$1,454.79
These statistics are generated based on the current listing's property type and located in Point Grey. Average values are derived using median calculations.
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