Sale of Iconic Belmont Estate by Sotheby's International Realty Canada Breaks Greater Vancouver Real Estate Record
The private sale of Vancouver’s most significant residence reflects soaring demand for Canadian real estate, according to Sotheby’s International Realty Canada
VANCOUVER, British Columbia — Sotheby’s International Realty Canada is pleased to announce the sale of Greater Vancouver’s most significant privately-held residence, Belmont Estate. Situated on 1.28 acres, the elegant, custom-commissioned and designed 21,977 square-foot property has surpassed a historic record for Greater Vancouver, and is now the region’s highest single-family residential sale on a single lot.
The sale took place as Vancouver luxury real estate sales surged as heightened demand bolstered high-end home values through the spring market.
“Belmont Estate represents an iconic piece of Vancouver history,” explains Christa Frosch, listing agent with Sotheby’s International Realty Canada. “From the moment it was listed, it attracted steady local and global buyer enquiries, a reflection of the property’s pedigree, as well as enduring, underlying consumer confidence in Vancouver real estate. Ultimately, this bespoke estate was purchased by Canadian buyers. It is truly one of the most exceptional residential offerings, not only in Vancouver but in all of Canada and beyond.”
With spectacular ocean views of Spanish Banks, the Strait of Georgia, West Vancouver, Downtown Vancouver, and the North Shore Mountains, the estate is located in Vancouver’s most prestigious neighbourhood, Point Grey, and has been an honoured venue visited by prominent dignitaries and celebrities from around the world.
Designed by the acclaimed Ernest Collins Architect Ltd., the expertly crafted palatial home opens from a private Porte-Cochère entry into two main gallery halls with seating for up to one hundred guests for private concerts and events. A sweeping grand staircase is lit by an Italian Ormulu chandelier, just one of the many historical pieces that complete the aesthetic of the estate. The living room features a fireplace, one of many throughout the home, and custom carpeting throughout. Made with expert workmanship and attention to detail, the home’s intimate dining room seats twenty guests and features custom carpeting designed specifically for the space. All doors throughout the home are made of the highest quality solid wood and the fine detailing of the estate is extensive and exquisite with walls and ceilings featuring murals and artwork.
“The Vancouver market has seen unprecedented demand for conventional and luxury single-family residences this spring, and this unprecedented sale is reflective of the heightened activity we are seeing across the region as a result,” says Kevin O’Toole, Managing Broker with Sotheby’s International Realty Canada in Greater Vancouver.
