Spacious family home. Over 5,000 sq.ft. of finished living area. Four large bedrooms up. Huge primary bdrm with ensuite. Entertainment sized principal rooms. Huge bsmnt rec room. Lot 13,930 sq. ft. with large private parklike backyard with patio off solarium and large concrete pool Very well maintained with 7-year-old roof and updated furnace and pool mechanicals. Three car attached garage. Close to transit shopping public and private schools and UBC. Note this is a non-prepaid leasehold property on Musqueam land. Lease expires in 2064. Current lease payment $28,192 subject to increase in 2035 and 2055. This urban oasis must be seen to be appreciated. Showings by appointment only min 24 hrs. notice. Call your Realtor to arrange a showing for you., *UNIQUE ownership type, UNIQUE value proposition (see "Special features" section below)
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Stately and large beautiful family home with a great pool on a park-like lot, located in a quiet cul-de-sac just steps from the forested trails of Pacific Spirit Park. Over 5,000 sq.ft. of finished living area with four large bedrooms up including an absolutely huge primary bedroom with ensuite. The expansive main floor features entertainment-sized spaces, including a massive family room and a grand sunroom, with multiple doors or sliders opening to the over 150-foot wide back yard, including a perfectly maintained heated in-ground concrete pool. Downstairs features more large spaces, including a classic rec room with a wet bar, tons of storage and workshop spaces, and great options for inlaws or extra bedrooms. Very well maintained with a 7-year-old roof and updated furnace and pool mechanicals. Other significant bonuses include a high-ceilinged three-car attached garage and extra-wide driveway. Close to transit, shopping, public and private schools, and UBC.
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*Note that this is a non-prepaid leasehold property on Musqueam land. The lease expires in 2064, and the current annual lease payment is $28,192, subject to increases in 2035 and 2055.
Price:
$1,295,000
Dwelling Type:
Single Family Residence
Property Type:
Residential
Bedrooms:
4
Bathrooms:
4.0
Year Built:
1968
Floor Area:
3,730 sq. ft.347 m2
Lot Size:
13,930 sq. ft.1,294 m2
MLS® Num:
Exclusive
Status:
Active
Floor
Type
Size
Other
Main
Foyer
9'8"2.95 m × 9'2.74 m
-
Main
Living Room
26'1"7.95 m × 15'5"4.70 m
-
Main
Dining Room
14'2"4.32 m × 13'6"4.11 m
-
Main
Kitchen
13'5"4.09 m × 11'10"3.61 m
-
Main
Eating Area
10'11"3.33 m × 8'2.44 m
-
Main
Family Room
30'10"9.40 m × 13'2"4.01 m
-
Above
Primary Bedroom
19'10"6.05 m × 11'7"3.53 m
-
Above
Bedroom
14'1"4.29 m × 11'10"3.61 m
-
Above
Bedroom
14'7"4.44 m × 11'8"3.56 m
-
Above
Bedroom
15'4.57 m × 10'8"3.25 m
-
Bsmt
Recreation Room
28'5"8.66 m × 14'10"4.52 m
-
Bsmt
Den
12'6"3.81 m × 10'9"3.28 m
-
Bsmt
Steam Room
19'10"6.05 m × 13'3.96 m
-
Bsmt
Steam Room
11'6"3.51 m × 6'1"1.85 m
-
Main
Solarium
19'6"5.94 m × 17'8"5.38 m
-
Floor
Ensuite
Pieces
Other
Main
No
2
Above
No
4
Above
Yes
4
Bsmt
No
3
FINANCING: Yes, you can:
CONTRARY to common belief, YES, conventional mortgage financing through a major bank is possible on these properties (up to 30 year amortization, 20% or more down, competitive rates) on an exception basis; please contact me for details if curious.
VALUE PROPOSITION: Leasehold vs Freehold:
If shopping with a reasonable family home budget anywhere on the westside, this type of ownership offers the opportunity to retain very significant downpayment capital and have higher disposable cash flow, providing ample opportunity to invest elsewhere to amply compensate for the appreciation advantage that a freehold purchase has over a leasehold purchase.