A Vancouver mansion with one of the most prestigious addresses in the entire province has hit the market for $35-million – a whopping $9.4-million over its most recent property value assessment.
The six-bedroom home, eight-bathroom estate at 4833 Belmont Avenue sits on 1.61 acres of the most prime real estate in the city, and is just a stone’s throw from Locarno and Spanish Banks beaches.
The address was listed as the 18th most expensive residential property in the entire province in July 2015, with an assessed value of $22,156,000.
That value has actually risen more than $3-million since then and now sits at $25,588,000, according to the BC Assessment E-Value website.
The majority of that value is in the land, at $23.7-million, while the home itself is worth just $1.86-million.
The 14,663-square-foot home in Point Grey was built in 1979 and is in need of some updating.
The outdoor area boasts a pool, bacci court and garden, and unobstructed views of Burrard Inlet and the mountains.
Eight of the province’s highest-valued properties are on the same block.