Known as one of Canada’s most expensive housing markets, Greater Vancouver has now set a record for its priciest listing to date.
Belmont Estate is on the market for $63 million and boasts roughly 22,000 square feet of luxurious finishes and elaborate architecture on 1.28 acres. Listed on Thursday, the home is being sold by high-end real estate firm Sotheby’s International Realty Canada.
“Within the city we’ve had homes that have sold for $56 million, $33 million, $31 million but this will be the record of the offering price,” listing agent Christa Frosch of Sotheby’s tells BuzzBuzzNews.
The property is located on Vancouver’s prestigious Belmont Avenue and offers ocean views of Spanish Banks, the Strait of Georgia, the North Shore Mountains and downtown Vancouver.
Prominent Canadian philanthropists Joseph and Rosalie Segal had the home custom-built 20 years ago. According to Frosch, the Segal’s have now decided to sell the home because they are looking to downsize.
The three-storey home has five bedrooms, twelve bathrooms and an elevator in the west wing. Built to entertain, two main gallery halls can seat up to 100 guests. The Italian-inspired kitchen includes a fireplace and walls and ceilings throughout the home feature murals and artwork. Lavish amenities include an indoor pool and sauna, a six-car garage and a private entrance in-law’s suite.
Surrounding the property is a Versailles-inspired garden with a variety of trees, plants and an orchard. In the spring, over 12,000 flowers bloom in the tiered, three-level garden.
According to Frosch, the listing has received global attention and, despite being on the market for only 24 hours, buyers are already showing interest.
“We just went to the market yesterday, it’s private through Sotheby’s and we’ve already started to get calls,” says Frosch.