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4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West) : MLS®# R2701350

Posted by Aedis Realty on December 8, 2022
| Uncategorized
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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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4889 BELMONT Avenue
Point Grey Vancouver V6T 1A8

$19,000,000
Residential Detached beds: 0 baths: 0.0 0 sq. ft. built: 2023

Main Photo: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
Photo 1: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
Photo 2: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
Photo 3: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
Status:
Active
Prop. Type:
Residential Detached
MLS® Num:
R2701350
Year Built:
2023
OCEAN, WATER, MOUNTAIN, CITY VIEW VIEW VIEW!!! Fantastic priceless view ever in the most prestigious Vancouver Westside POINT GREY- BELMONT AVE BEST LOCATION with Rich & famous neighborhood! This is one of kind similar Water front lot which extending to NW Marine Drive and beach. Ocean, bordering with University Endowment Lands for privacy and like in the park! Total lot size 67,910 SQUARE FEET (1.56 acres) Steps to SPANISH BANKS, JERICHO BEACH,UBC and CLOSE to Royal Yacht Club, West Point Grey Academy, Lord Byng Secondary, easy access to downtown and all amenities. PRICE TO SELL! LISTING PRICE IS MUCH LOWER THAN BC ASSESSMENT!
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
2023 (Age: -)
Total area:
0 sq. ft.
Total Floor Area:
0 sq. ft.
Price Per SqFt:
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0 sq. ft.
Floor Area Above Main:
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No. Floor Levels:
0.0
Rainscreen:
Bedrooms:
0 (Above Grd: 0)
Bathrooms:
0.0 (Full:0/Half:0)
Kitchens:
Rooms:
Taxes:
$104,042 / 2021
Lot Area:
1.56 acre(s)
Lot Frontage:
0'
Lot Depth:
0
Exposure / Faces:
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Pad Rental:
# or % of Rentals Allowed:
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Plan:
VAP6583
Total Units in Strata:
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None
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Fireplaces:
0
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Title to Land:
Freehold NonStrata
Flood Plain:
Suite:
Floor
Type
Size
Other
Below
Central Location, Private Setting, Private Yard, Recreation Nearby
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
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  • Photo 1: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
    Photo 1 of 3
  • Photo 2: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
    Photo 2 of 3
  • Photo 3: 4889 BELMONT Avenue in Vancouver: Point Grey House for sale (Vancouver West)  : MLS®# R2701350
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Listed by LDG 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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