3 HALSS CRESCENT in Vancouver: University VW House for sale (Vancouver West)

*UNIQUE ownership type, UNIQUE value proposition (see "Special features" section below) ----- 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. ----- *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.

Room Information:

Floor
Type
Size
Other

Main

Foyer

9'8" × 9'

Main

Living Room

26'1" × 15'5"

Main

Dining Room

14'2" × 13'6"

Main

Kitchen

13'5" × 11'10"

Main

Eating Area

10'11" × 8'

Main

Family Room

30'10" × 13'2"

Above

Primary Bedroom

19'10" × 11'7"

Above

Bedroom

14'1" × 11'10"

Above

Bedroom

14'7" × 11'8"

Above

Bedroom

15' × 10'8"

Bsmt

Recreation Room

28'5" × 14'10"

Bsmt

Den

12'6" × 10'9"

Bsmt

Steam Room

19'10" × 13'

Bsmt

Steam Room

11'6" × 6'1"

Main

Solarium

19'6" × 17'8"

Special features:

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.