UBC

Spectacular nature, world-class amenities, cultural diversity, and a bright, optimistic community...

Why live at a University....?

During my 20-plus years (so far) as a full-time Realtor and property investor, I personally lived at UBC for 10 of them, during which time our son was born. We now live in a detached home on the Musqueam lands next door, though plan to find a view condo at UBC to retire to eventually. Just 15 minutes from the centre of Vancouver, you may be surprised at what a tremendously wonderful lifestyle can be had 'out here'... many people are surprised to learn that there are MULTIPLE fully developed neighborhoods here.

UBC is ringed by ocean, beaches, and forest, with all the urban necessities in spades (grocers, medical, services, shops, cafes, transportation, child-care, etc.), truly incredible world-class amenities (aquatic centres, golf-courses, museums, sports fields, ice rink, theatres, community centres, and much more), cutting edge urban planning, and a wonderfully diverse, progressive sense of community and culture. Did I mention one of the greatest and most beautiful University campuses in the world? The future looks bright as well, with more infrastructure on the way, including a likely Skytrain terminus within 10 years.

But... isn't it LEASEHOLD...?

Yes, almost all homes here are 'Crown Leasehold', BUT...

Crown Leasehold ownership: roughly 95% of all strata properties at UBC are under this title scheme. In the 1990’s, UBC sold 100-year prepaid leases on large parcels of its land to developers, who then built multiple strata developments, creating 100-year prepaid leases (one lump sum, no ongoing lease payments) for each individual townhome or condo sold to the first end-user. All purchasers going forward are therefore purchasing the remainder of this 100yr term from the previous end-user. Expiries of these prepaid leases fall between approx. 2090 and 2110 (most post-2100).

Financing: getting a mortgage for Crown Leasehold properties is, in practical terms, JUST like getting one for a freehold property in Vancouver. Unlike some other types of leasehold in the lower mainland, banks are completely comfortable with the security of Crown Leasehold properties and offer the same products, rates, and amortization periods as they do for local freehold properties.

Values: property values are largely similar to Vancouver and have generally moved in lockstep over the years, which historical data clearly demonstrates (click HERE for supply/demand history, and HERE for price history). Until these leases are within about 30 years of expiry (at least 50 years from now), it can reasonably be expected that relative value to freehold properties in neighbouring freehold areas such as Point Grey and Kitsilano will remain roughly the same. Comparable properties on the westside of Vancouver are typically about 10%-15% more in price, making UBC very good value. And for investors, there is a further compound benefit in that rents are typically higher at UBC, yielding superior returns and cap rates.

NOTE: product at UBC is on average much newer than product in Kitsilano or the westside; therefore when comparing ALL ages of product in each market, the overall median price is higher. However, if comparing product of a similar age, UBC is generally about 10-15% less in price.

Are taxes or civil services paid for differently?

Practically speaking, no, but have a read!

Taxation: in Vancouver, the land tax and taxes for services (streets, garbage, water/sewer, schools, etc.) are all part of the same tax roll paid on July 1st annually. At UBC the tax roll total (paid on July 1, as in Vancouver) is ' split'; one portion is paid to the Province of BC (Rural Land Tax), and the other portion to UBC for municipal services (the 'UBC Services Levy'). More information HERE.

Want to learn more...?

If your interest is piqued, I'm available by phone, zoom, or office meeting (or forest walk at UBC with Charlie the dog...) to discuss further. It's a pretty wonderful life out here, and I've lived ALL over the lower mainland! Also great for investment! Reach out anytime.

SEARCH UBC HOMES FOR SALE

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  • 302 5775 HAMPTON Place in Vancouver: University VW Condo for sale in "The Chatham" (Vancouver West) : MLS®# R2883873

    302 5775 HAMPTON Place University VW Vancouver V6T 2G6
    Main Photo: 302 5775 HAMPTON Place in Vancouver: University VW Condo for sale in "The Chatham" (Vancouver West)  : MLS®# R2883873
    $799,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883873
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    785 sq. ft.
    Welcome to CHATHAM well maintained one bedroom plus den unit at Hampton Place. This home offers open dinning room and living room, U shaped and well sized kitchen, spacious master bedroom with a spa like bathroom. Open den and a large L shaped balcony have lots of potentials. Excellent amenities including indoor swimming pool, sauna, fitness room, guest suite, visitor parking etc. Best school catchement: U-Hill Secondary & Norma Rose Point School. A must see! More details
    Listed by Royal Pacific Realty Corp.
    ERIC COULOMBE
  • 2201 5628 BIRNEY Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2883877

    2201 5628 BIRNEY Avenue University VW Vancouver V6S 0H7
    Main Photo: 2201 5628 BIRNEY Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2883877
    $1,850,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883877
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,217 sq. ft.
    Tranquil & elevated living awaits you at Polygon’s Laureates designed by award winning Architect Walter Franel. Live above it all in this spacious 3-bedroom & 3-bathroom home w breathtaking mountain & Pacific Spirit park views. Entertain seamlessly in the gourmet kitchen with gas cooktop, Bosch appliances, quarts countertops & extensive kitchen island. Living/dining backs onto expansive covered patio. Primary bedroom features spa-like ensuite w soaker tub, walk-in shower & double sink. Floor to ceiling windows throughout, engineered hardwood floors, plush carpets & over-height ceilings. Fully equipped gym, stylish lobby & landscaped entryway w fountains. Located on a quiet street in the coveted neighborhood of Westbrook village. This Vibrant community offers endless amenities. Steps to Pacific spirit park trails, Community Centre, restaurants, shopping, transit, healthcare & more. Complete with 1 parking & 1 storage. More details
    Listed by FaithWilson Christies International Real Estate
    ERIC COULOMBE
  • 207 5880 HAMPTON Place in Vancouver: University VW Condo for sale in "Thames Court" (Vancouver West) : MLS®# R2883984

    207 5880 HAMPTON Place University VW Vancouver V6T 2E9
    Main Photo: 207 5880 HAMPTON Place in Vancouver: University VW Condo for sale in "Thames Court" (Vancouver West)  : MLS®# R2883984
    $950,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883984
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,176 sq. ft.
    Welcome to Thames Court in UBC's desirable Hampton Place. This home of serenity is a sanctuary of tranquility & calmness. Unique, open-air entry. Rarely available, NW, lovely & spacious 1,176 sqft home feat's well designed flr plan w/lrg rms to accommodate house-size furniture. Fantastic layout w/no wasted space. Lrg living rm w/cozy gas fp & big dining rm! 2 bdrms & 2 full baths. Generous primary bdrm w/ensuite & walk-in closet! 2nd bath across from 2nd bdrm. Lrg kitchen w/excellent storage space. Corner unit w/extra wall of windows, all facing the beautifully landscaped courtyard, giving you a private & treed outlook w/wonderful cherry blossoms in the Spring! Close to Wesbrook Village shops, Golf courses, & Pacific Spirit Park. Outdoor pool, sauna, gym, party rm, 2 pkg & storage locker. Open House: May 5 (SUN) 2-4pm More details
    Listed by RE/MAX Select Properties
    ERIC COULOMBE
  • 207 5740 TORONTO Road in Vancouver: University VW Condo for sale in "GLENLOYD PARK" (Vancouver West) : MLS®# R2884316

    207 5740 TORONTO Road University VW Vancouver V6T 1L2
    Main Photo: 207 5740 TORONTO Road in Vancouver: University VW Condo for sale in "GLENLOYD PARK" (Vancouver West)  : MLS®# R2884316
    $998,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2884316
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    963 sq. ft.
    Glenlloyd Park by Polygon is a unique campus community on the University of British Columbia Endowment lands. Inspired by the architecture of Frank Lloyd Wright, Glenlloyd Park represents an opportunity to reside in a rare & beautiful collegiate setting. This corner 2 bedroom + DEN home features a gas fireplace, stainless steel appliances by Whirlpool, polished granite countertops, stylish shaker style maple cabinetry, & lush courtyard view. University Market Place, University Hill Schools, recreation facilities, parks & buses are just steps from this central location. Open house: May 18 4:30-5:30 by appointment only. More details
    Listed by Luxmore Realty
    ERIC COULOMBE
  • 210 5989 IONA Drive in Vancouver: University VW Condo for sale in "CHANCELLOR HALL" (Vancouver West) : MLS®# R2883319

    210 5989 IONA Drive University VW Vancouver V6T 2L7
    Main Photo: 210 5989 IONA Drive in Vancouver: University VW Condo for sale in "CHANCELLOR HALL" (Vancouver West)  : MLS®# R2883319
    $1,550,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883319
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,329 sq. ft.
    2 bedroom plus den 1,329 SF corner unit, in low-rise concrete bldg at Chancellor Hall in UBC’s North Campus. Southwestern light, external entry & breathtaking vistas from landscaped patio. Interiors blend natural materials & warm color palette with layout maximizing both light & space – opening to wrap-around patio for entertaining. Spacious living & dining areas w/teak-engineered flrs & distinctive F/P, gourmet island kitchen, top-tier S/S appl & stone counters, 2 full bath & 2 ensuited beds, primary feat dual closets & spa-like bath. Feat incl high ceilings, millwork, H/W & tile flrs, electric & radiant heat, in-suite laundry, secure underground prkg & storage, advanced bldg security & concierge. Close to Spanish Banks, Chan Centre, & Pacific Spirit Trail. Pets & rentals w/restrictions. More details
    Listed by Rennie & Associates Realty - Jason Soprovich
    ERIC COULOMBE
  • 508 5687 GRAY Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2883375

    508 5687 GRAY Avenue University VW Vancouver V6S 0K7
    Main Photo: 508 5687 GRAY Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2883375
    $1,329,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883375
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    870 sq. ft.
    Eton by Polygon, prestigious parkside construction at UBC's Westbrook Village. Centrally located in UBC's most sought-after Westbrook neighbourhood, with shopping and recreation nearby, this 2 bedroom penthouse unit features: Top floor high ceiling, Bright and spacious windows, Air conditioning, a generous gourmet kitchen, and a large balcony with a beautiful view. A must see! 2-PARKING: P1-99E, 155. lOCKER: P1-98 More details
    Listed by RE/MAX Crest Realty
    ERIC COULOMBE
  • 6018 CHANCELLOR Mews in Vancouver: University VW Condo for sale in "CHANCELLOR HOUSE" (Vancouver West) : MLS®# R2883470

    6018 CHANCELLOR Mews University VW Vancouver V6T 2J5
    Main Photo: 6018 CHANCELLOR Mews in Vancouver: University VW Condo for sale in "CHANCELLOR HOUSE" (Vancouver West)  : MLS®# R2883470
    $2,398,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883470
    Bedrooms:
    2
    Bathrooms:
    4
    Floor Area:
    2,075 sq. ft.
    Welcome to the Chancellor House at UBC, COMPLETELY RENOVATED IN 2021, this exquisite CONCRETE TownHouse offers serene yet practical living. Open Concept Living room flow with Kitchen and Dining area, leading to a large patio. Floor to Ceiling window highlight Maple trees. Kitchen features top-tier European appliances, powerful exhaust and sleek cabinetry. Floors are adorned with hardwood, Italian tiles, and plush carpeted stairs. Master suite accommodates a king-size bed, dressers, and abundant natural light, a walk-in closet and an spa-like ensuite. Family room can transform to 3rd ensuite, complete with ample storage Two exceptionally WIDE parkings included, the largest available. OPEN HOUSE SATURDAY MAY 18, SUNDAY 19 3-5 PM, NO APPT REQUIRED More details
    Listed by RE/MAX City Realty
    ERIC COULOMBE
  • 4922 QUEENSLAND Road in Vancouver: University VW House for sale (Vancouver West) : MLS®# R2883653

    4922 QUEENSLAND Road University VW Vancouver V6T 1G4
    Main Photo: 4922 QUEENSLAND Road in Vancouver: University VW House for sale (Vancouver West)  : MLS®# R2883653
    $3,970,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2883653
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    2,550 sq. ft.
    Nestled within the prestigious UEL freehold land, this mid-century inspired rancher offers perfect location and excellent value whether rented, renovated, or entirely rebuilt. With easy proximity to the entire UBC campus, Pacific Spirit Park, golf courses, beaches, restaurants, and shopping, convenience is at your fingertips. Close to esteemed educational institutions including UBC, Lord Byng, Jules Quesnel, Queen Mary, West PG, and St. Georges, this property offers unparalleled access to top-notch amenities. Don't miss this opportunity to seize the potential of this remarkable location! More details
    Listed by RE/MAX Crest Realty
    ERIC COULOMBE
  • 1707 2688 WEST Mall in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2883680

    1707 2688 WEST Mall University VW Vancouver V6T 2J8
    Main Photo: 1707 2688 WEST Mall in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2883680
    $1,438,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883680
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,035 sq. ft.
    Introducing a luxurious 2-bed, 2-bath condo in UBC's scenic campus. Enjoy 1034 sqft of space with stunning ocean and countryside views. Newly renovated in 2021, featuring stainless steel appliances, a spacious main bedroom with deluxe Massage bathtub with air bubble, smart toilet, and clever storage solutions. Two dedicated parking spots, one with EV Charging outlet. a large storage unit. Grand lobby with concierge, elegant lounge, exercise room and caretaker. Prime location with access to UBC campus and amenities. Near trails, and beaches, University Hill Elementary & Secondary, Wesbrook Village, Botanical Gardens, golf course, hospital and bus stations. Experience luxury living at its finest! More details
    Listed by Pacific Evergreen Realty Ltd.
    ERIC COULOMBE
  • 601 5782 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2883692

    601 5782 BERTON Avenue University VW Vancouver V6S 0C1
    Main Photo: 601 5782 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2883692
    $1,288,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2883692
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,169 sq. ft.
    This well-maintained South facing 2 Bed+DEN & 2 Bath Air Conditioning unit located in the luxury building “Sage”. Italian imported Dada cabinetry, 5 burner gas top, built-in double door fridge, wide plank hardwood flooring. Den can be used as a 3rd bedroom. Fantastic location at Wesbrook village. Close to Save-On Foods, U-Hill Secondary School, and Norma Rose Point Elementary. Walking distance to UBC campus. Steps to shopping, transit, restaurants, campus amenities and the trails of park. It furthermore comes with "2" full size side-by-side parking. Well managed building with concierge, and so much more. More details
    Listed by Laboutique Realty
    ERIC COULOMBE
  • 310 6333 LARKIN Drive in Vancouver: University VW Condo for sale in "Legacy" (Vancouver West) : MLS®# R2882643

    310 6333 LARKIN Drive University VW Vancouver V6T 0A7
    Main Photo: 310 6333 LARKIN Drive in Vancouver: University VW Condo for sale in "Legacy" (Vancouver West)  : MLS®# R2882643
    $1,738,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2882643
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,725 sq. ft.
    Welcome to this 4-bedroom home at coveted Hawthorn Place. This large home at UBC has an efficient layout of 1725 sqft, including a den with a window and 3 bathrooms. The spacious & well-equipped kitchen is a dream to cook in, comes with a big island allowing for all your entertaining desires. Serene outlook from each room makes you relax and enjoy life. Newer paint (popcorn ceiling removed), updated hardwood flooring throughout & all closets containing custom shelving are some of the features that make this home move-in ready. EV charger installed in own parking stall. Fantastic location close to daycares, BC's top schools, UBC classrooms, recreation centres, coffee shops, community centre, gardens & parks with playgrounds. Short drive to downtown & YVR. Call now for your private showing. Open house 1-3pm Saturday, May 18. More details
    Listed by Macdonald Realty
    ERIC COULOMBE
  • 407 2338 WESTERN Parkway in Vancouver: University VW Condo for sale in "Winslow Commons" (Vancouver West) : MLS®# R2882777

    407 2338 WESTERN Parkway University VW Vancouver V6T 2H7
    Main Photo: 407 2338 WESTERN Parkway in Vancouver: University VW Condo for sale in "Winslow Commons" (Vancouver West)  : MLS®# R2882777
    $988,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2882777
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    897 sq. ft.
    Welcome to Winslow Commons by Polygon! This top floor, spacious 2 bedroom/ 2 bathroom condo is in excellent condition and perfect for your next home at UBC. Features include upgraded laminate flooring and 9ft ceilings throughout, ample storage space, and views of the North Shore Mountains from your patio. Good sized bedrooms on opposite side of the unit, each with their own bathroom. Great for roommates! Insuite laundry as well. Pet friendly- 2 pets, no size restrictions. BONUS: 2 parking stalls. Building features bike racks in secure underground as well as 2 EV charging stations and 14 visitor parking spots. Steps to UBC campus, transit, shopping, trails & beaches! Open House Sat May 18 2-4pm & Sun May 19 2-4pm More details
    Listed by RE/MAX Sabre Realty Group
    ERIC COULOMBE
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Data was last updated May 20, 2024 at 04:35 AM (UTC)
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