If you’re looking for a deal on real estate before prices get out of hand, a Vancouver home in Point Grey has been re-listed after a price drop.
4788 Belmont Ave. is technically one of the most valuable homes in the province, with an assessed value of $23,436,000. That puts it within the top 70 most valuable homes in B.C.
Unfortunately, the price drop only brought the price down from $28.8 million to $28.3 million, roughly $5 million over the assessed value. The property was built in 1997, making it 28 years old, but was last sold in 2007 for $10,500,000.
This seven-bedroom home has a fascinating listing history dating back to 2019.
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Sutton Group-West Coast Realty
In 2019, the home was listed for $32,800,000, but that listing was terminated in 2020. That was way over the assessed value at the time, which BC Assessment pegged at $21,511,000.
The following year, the assessed value of the home dropped significantly, down to $18,648,000. It wasn’t listed again until 2021, when the assessed value was $19,161,000. It was listed for $33,888,000. After another listing in the $33 million range, it dropped down to $28,888,000 in 2024 before eventually dropping down to the current asking price of $38,380,000. The current asking price is $23,380,000.
The land value alone is assessed at $14,416,000.
Along with the seven bedrooms, the home also features a whopping 11 bathrooms, with 10,077 sq. ft. of living space built atop 26,572 sq. ft. of land.
The listing tantalizes, stating, “Discover unparalleled luxury in this prestigious Point Grey Estate, where sophistication meets coastal grandeur.”
Left or right? (Sutton Group-West Coast Realty)
Sutton Group-West Coast Realty says that the home was built with European architectural influences. Inside the house, there’s a grand foyer with circular staircases and Italian marble.
Sutton Group-West Coast Realty
Like many luxury estates, this home features an indoor pool, a spa, a theatre and entertainment suites. There are also stunning views of Vancouver, including the ocean and mountains.
Okay, pretty sick pool fr (Sutton Group-West Coast Realty)
The dining area is particularly luxurious.
Sutton Group-West Coast Realty
The views are pretty stunning. But are they worth $28 million?
Sutton Group-West Coast Realty
If you had to put a figure on how much you think this home is worth, what would it be?