Vancouver is perhaps the most expensive real estate market in Canada. But even this town has never seen a list like this.
Billionaire Joseph Segal and his wife Rosalie have placed Belmont Estate, a 21,977 square feet. home, on the market for $63 million.
Vancouver real estate coverage on Globalnews.ca:
The listing sets a “real estate record in Greater Vancouver history,” according to Sotheby’s International Realty, which is handling the sale.
“No other comparison properties have been offered in Greater Vancouver to date,” real estate agent Christa Frosch said in a news release.
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The home sits on a 1.28-acre property on Belmont Avenue, “one of the most prestigious streets in Canada,” Frosch said.
It is a house that has been “visited by eminent dignitaries and celebrities from all over the world”, and it offers many advantages to match the prestige of its visitors.
It has a private Porte-Cochere or “porte cochere” entrance that brings you into two gallery rooms large enough to accommodate up to 100 guests.
There’s also a “stately grand staircase” with a French Ormulu chandelier and a living room with a fireplace and a custom-made Tai Ping rug, according to the press release.
But that’s not all a deep-pocketed buyer can pick up for $63 million.
The property also features a three-tiered Versailles-inspired garden with redwoods, maples, and golden spruces.
There are also 12,000 tulips, daffodils and hyacinths, as well as magnolias, lilacs and rhododendrons.
And that’s to say nothing of the spectacular views from the house: it has a shower stall that overlooks the Strait of Georgia.
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The listing comes after luxury sales slowed following a series of new local, state and federal housing regulations, including a 15% foreign buyer tax for Metro Vancouver. and a 1% City of Vancouver tax on empty homes.
Sotheby’s 2016 year-end report on the leading market showed that while sales of single-family homes worth more than $4 million rose 34% overall in the year last year, they were also down 35% year over year in the last half year. of the year.
The trend was seen as a sign of a “soft market” after a first half that saw prices reach “unprecedented levels”.
Here are more photos of Belmont Estate:
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