Vancouver’s most expensive listing ever hits the market at $63M

Spectacular luxury home most expensive real estate listing in Vancouver history

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Exterior of Belmont Estate
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. Credit: Sotheby's International Realty Canada

A spectacular estate in Point Grey owned by two of Canada’s most prominent philanthropists is the most expensive listing in Vancouver history.

Belmont Estate at 4743 Belmont Avenue is the family home of Joe and Rosalie Segal, and is on the market for $63 million — a record price for a Vancouver home.

The five bedroom, 12 bathroom home was built in 1992 and is perched on a 1.28 acre lot overlooking Spanish Banks, with spectacular views of the Strait of Georgia, downtown and the North Shore.

The home features an Italian-inspired kitchen with sitting area and fireplace, indoor pool and sauna, six-car garage and an in-law’s suite with a private entrance. An elevator connects all three levels of the home.

Walls and ceilings feature murals and custom artwork. All doors throughout the home are solid wood.

There are two gallery halls with seating for 100 guests, perfect for events and private concerts. The living room features a Tai Ping custom carpet, and the dining room can accommodate 20 guests.

On the grounds of the home, a tiered, three-level garden inspired by the gardens of Versailles features a hobby orchard and a wide variety of trees and shrubs. In the Spring, over 12,000 tulips, hyacinths and daffodils bloom throughout the garden in a spectacular display of colour.

Sitting room
Sitting room with fireplace. Credit: Sotheby’s International Realty Canada
Library sitting room
The library sitting room with Hokanson custom made carpet, French walnut coffered ceilings and ocean views overlooking Burrard Inlet. Credit: Sotheby’s International Realty Canada
Bar
The Georgian-inspired classic Bar features coffered ceilings and French walnut. Credit: Sotheby’s International Realty Canada

“Belmont Estate represents a rare opportunity to own a residence that is iconic to Vancouver and B.C., on one of the most prestigious streets in Canada,” said Christa Frosch, listing agent with Sotheby’s International Realty Canada.

According to BC Assessment, the property was assessed at $40,341,000 as of July 2016.

Joe and Rosalie Segal recently donated $12 million to help construct the Joseph and Rosalie Segal Family Health Centre at VGH.