Sale of Iconic Belmont Estate by Sotheby’s International Realty Canada Breaks Greater Vancouver Real Estate Record | Business

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VANCOUVER, British Columbia – (BUSINESS WIRE) – July 22, 2021–

Sotheby’s International Realty Canada is pleased to announce the sale of Metro Vancouver’s largest private residence, Belmont Estate. Sitting on 1.28 acres, the elegant 21,977 square foot, custom-designed and custom-designed property broke a historic record for Metro Vancouver and is now the area’s highest single-family residential sale on a single family basis. lot.

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Belmont Estate – Exterior view (Photo: Business Wire)

The sale came as luxury real estate sales in Vancouver increased as increased demand bolstered the value of high-end homes throughout the spring market.

“Belmont Estate represents an iconic piece in Vancouver’s history,” explains Christa Frosch, listing agent at Sotheby’s International Realty Canada. “From the moment it was listed, it sparked constant inquiries from local and global buyers, a reflection of the property’s pedigree, as well as the enduring and underlying consumer confidence in Vancouver real estate. In the end, this bespoke domain was bought by Canadian buyers. This is truly one of the most exceptional residential offerings, not only in Vancouver, but across Canada and beyond.

With spectacular ocean views over the Spanish Banks, the Strait of Georgia, West Vancouver, downtown Vancouver and the North Shore Mountains, the estate is located in Vancouver’s most prestigious neighborhood, Point Gray , and has been a place of honor visited by eminent dignitaries and celebrities from around the world.

Designed by renowned Ernest Collins Architect Ltd., the lavish, expertly-designed home opens from a private Porte-Cochère entrance to two main gallery rooms that can accommodate up to a hundred guests for concerts and private events. A grand staircase is lit by an Italian Ormulu chandelier, one of the many historic pieces that complement the aesthetics of the estate. The living room has a fireplace, one of many throughout the house, and custom rugs throughout. Crafted with craftsmanship and attention to detail, the home’s intimate dining room seats twenty diners and features a custom rug designed specifically for the space. All doors in the house are of the highest quality solid wood and the fine details of the estate are expansive and exquisite with walls and ceilings adorned with murals and artwork.

“The Vancouver market has seen unprecedented demand for conventional and luxury single family homes this spring, and this unprecedented sale reflects the increased activity we are seeing in the region as a result,” said Kevin O’Toole, broker. in management at Sotheby’s. International Realty Canada in Greater Vancouver.

Belmont Estate has five bedrooms and twelve bathrooms with the three floors of the mansion accessible by elevator in the west wing of the house. An Italian-inspired kitchen with sitting area and fireplace, an indoor pool and sauna, a six-car garage and a master suite with private entrance are just some of the amenities that make this luxurious residence a classic and timeless home.

Inspired by the gardens of the Palace of Versailles in Paris, the Belmont estate features a three-level garden bordered by mature native redwoods, golden spruce, maple trees and many other varieties. The property also has a pleasure orchard. In the spring, over 12,000 vibrant and colorful tulips, hyacinths and daffodils bloom in the gardens and are complemented by rhododendrons, magnolias and lilacs. The large terrace overlooks a breathtaking view and the carefully maintained hedge offers privacy.

“Canada’s luxury real estate market has supported continued local and international demand despite the pandemic and restrictions on travel and outbound travel within and outside the country,” said Don Kottick, President and Chief Executive Officer of Sotheby’s International Realty Canada. “Interest has grown further since the start of 2021. The sale of Belmont Estate comes at a time when we are seeing an influx of global interest in Canadian real estate from those seeking political refuge. , social and financial, as Canadians themselves recognize the strength of our country’s real estate as financial and lifestyle investments.

Details of the sale of Belmont Estate are kept confidential.

About Sotheby’s International Realty Canada

Combining the world’s most prestigious real estate brand with local market knowledge and specialized marketing expertise, Sotheby’s International Realty Canada is the leading real estate sales and marketing firm for the country’s most outstanding properties. With offices in over 30 residential and resort markets nationwide, our professional associates provide the highest level of real estate service, unmatched local and international marketing solutions and a global affiliate sales network of approximately 1,000 offices in more than 71 countries and territories to manage the real estate portfolios of demanding clients around the world. For more information, visit www.sothebysrealty.ca.

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KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: LUXURY TRADE OTHER TRADE RESIDENTIAL BUILDING & REAL ESTATE SPECIALTY CONSTRUCTION & PROPERTY

SOURCE: Sotheby’s International Realty Canada

Copyright Business Wire 2021.

PUB: 07/22/2021 05: 55 / DISC: 07/22/2021 05:55

http://www.businesswire.com/news/home/20210722005304/en

Copyright Business Wire 2021.

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