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

July 22, 2021 5:55 AM EDT

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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--(BUSINESS WIRE)-- 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005304/en/

Belmont Estate - Exterior View (Photo: Business Wire)

Belmont Estate - Exterior View (Photo: Business Wire)

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.

Belmont Estate boasts five bedrooms and twelve bathrooms with all three storeys of the manor accessible by an elevator in the west wing of the home. An Italian-inspired kitchen with sitting area and fireplace, indoor pool and sauna, six-car garage and a private entrance in-law's suite are among the amenities that make this luxurious residence a classic and timeless home.

Inspired by the gardens from The Palace of Versailles in Paris, Belmont Estate features a tiered, three-level garden lined with Indigenous, mature sequoia trees, golden spruce, maples and many other varieties. The property also features a hobby orchard. In the spring, over 12,000 vibrant, colourful tulips, hyacinths and daffodils bloom throughout the gardens and are complemented by rhododendrons, magnolia and lilacs. The expansive terrace overlooks sweeping views and the extensively manicured hedging provides privacy.

“Canada’s luxury real estate market has sustained continued local and international demand despite the pandemic and restrictions on foreign travel and movement into and out of the country,” says Don Kottick, President and CEO of Sotheby’s International Realty Canada. “Interest has risen further since the start of 2021. The sale of Belmont Estate comes at a time when we are seeing an influx of global interest into Canadian real estate from people seeking a political, social and financial safe haven, while Canadians themselves are recognizing the strength of our country’s real estate as both financial and lifestyle investments.”

Details of the sale of Belmont Estate remain private.

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 company for the country's most exceptional properties. With offices in over 30 residential and resort markets nationwide, our professional associates provide the highest caliber of real estate service, unrivalled local and international marketing solutions and a global affiliate sales network of approximately 1,000 offices in 71+ countries and territories to manage the real estate portfolios of discerning clients from around the world. For further information, visit www.sothebysrealty.ca.

Media
Nicole Jerick
Talk Shop Media
nicole@talkshopmedia.com
778-877-8801

Source: Sotheby’s International Realty Canada



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