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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  • 102 5760 HAMPTON Place in Vancouver: University VW Condo for sale in "West Hampstead" (Vancouver West) : MLS®# R2863439

    102 5760 HAMPTON Place University VW Vancouver V6T 2G1
    OPEN HOUSE: Mar 28, 2024
    05:00 PM - 06:00 PM PDT
    Open House on Thursday, March 28, 2024 5:00PM - 6:00PM
    OPEN HOUSE: Mar 30, 2024
    02:00 PM - 04:00 PM PDT
    Open House on Saturday, March 30, 2024 2:00PM - 4:00PM
    OPEN HOUSE: Mar 31, 2024
    02:00 PM - 04:00 PM PDT
    Open House on Sunday, March 31, 2024 2:00PM - 4:00PM
    Main Photo: 102 5760 HAMPTON Place in Vancouver: University VW Condo for sale in "West Hampstead" (Vancouver West)  : MLS®# R2863439
    $1,325,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2863439
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,420 sq. ft.
    Spacious 2 bedroom & den at the highly coveted, exceptionally well managed, West Hampstead. Engineered hardwood flooring & high ceilings throughout, oversized master with walk in closet and en-suite, bright office (could be made into a third bedroom) overlooking a lovely outdoor greenspace, in-suite laundry room, see thru gas fireplace from living to office, open concept living/dining leads you onto a sunny patio and a beautiful grass space. FANTASTIC AMENITIES include a lap pool, sauna, exercise room and large party/rec room. Walking distance to Wesbrook Village shopping and restaurants. 2 parking stalls, large storage locker. Sneak peak Thursday 5-6pm, Open House Sat/Sun 2-4pm More details
    Listed by Macdonald Realty
    ERIC COULOMBE
  • 2105 5628 BIRNEY Avenue in Vancouver: University VW Condo for sale in "lLAUREATES" (Vancouver West) : MLS®# R2863474

    2105 5628 BIRNEY Avenue University VW Vancouver V6S 0H7
    Main Photo: 2105 5628 BIRNEY Avenue in Vancouver: University VW Condo for sale in "lLAUREATES" (Vancouver West)  : MLS®# R2863474
    $1,258,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2863474
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    920 sq. ft.
    The Laureates by Polygon - a prestigious park-side tower at UBC's Wesbrook Village. The beautiful South East corner 2 bdrm panoramic Fantastic view of water & park. Designed by the award-winning architect Walter Franel. Huge balcony !!This stylishly refined home features open-plan layouts, spacious 9' ceiling, expansive windows, engineered wood flooring throughout; gourmet kitchen with top of the line BOSCH S/S appliance. 1 Parking and 1 storage lockers. Parking # 152. Locker #96. More details
    Listed by Luxmore Realty
    ERIC COULOMBE
  • 411 5725 AGRONOMY Road in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2863023

    411 5725 AGRONOMY Road University VW Vancouver V6T 1L9
    Main Photo: 411 5725 AGRONOMY Road in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2863023
    $998,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2863023
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    892 sq. ft.
    Top floor well-maintained 2-bedroom & 2-bathroom unit facing quiet courtyard at Glenlloyd Park by Polygon. Top floor with 9' ceilings makes the unit feel bigger and brighter. This unit features stainless steel appliances, granite countertops & park view. 2 parking lots + 1 locker available. Very close to UBC main campus, University Market place, park and bus loop. School Catchment is Norma Rose Elementary & University Hill High School. Open House, Sat, Mar 30, 2:00-4:00 pm. More details
    Listed by Royal Pacific Realty Corp.
    ERIC COULOMBE
  • 1507 5639 HAMPTON Place in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2863188

    1507 5639 HAMPTON Place University VW Vancouver V6T 2H6
    Main Photo: 1507 5639 HAMPTON Place in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2863188
    $1,169,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2863188
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,090 sq. ft.
    Spacious 2 berm, 2 full baths w/unobstructed VIEWS of Ocean & forest. Bright & Sunny South-facing unit w/a big balcony.Terrific 9' high ceiling and Very functional floor plan w/a big kitchen. .Amenities incl. gym, party room, guest suite. Walking to U-Hill Secondary, Norma Rose Elemen., daycares, shopping & restaurants in Wesbrook Village, campus activities & beautiful trails. This well maintained building has re-piped hot & cold pipes in 2012, renewed lobby in 2013, waterproofed all balconies in 2017. Great chance for living and also investment! More details
    Listed by Royal Pacific Realty Corp.
    ERIC COULOMBE
  • 1008 5410 SHORTCUT ROAD Road in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2862556

    1008 5410 SHORTCUT ROAD Road University VW Vancouver V6T 0C8
    OPEN HOUSE: Mar 30, 2024
    02:00 PM - 04:00 PM PDT
    Open House on Saturday, March 30, 2024 2:00PM - 4:00PM
    OPEN HOUSE: Mar 31, 2024
    02:00 PM - 04:00 PM PDT
    Open House on Sunday, March 31, 2024 2:00PM - 4:00PM
    Main Photo: 1008 5410 SHORTCUT ROAD Road in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2862556
    $1,199,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2862556
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    905 sq. ft.
    Built by Polygon, Cedar WALK is a prestigious concrete high rise building that is just a few steps from the University Blvd at the gateway to the UBC campus. This south and east corner unit with 2 bedrooms and 2 bathrooms features Gourmet kitchen with Miele and Liebherr appliances and A/C. Large patio with nice city and green belt view and enjoyable nature lights in the quite area. walking distance to the new retails plaza ,small green forest ,and public community center . Can not image stroll through the woods and artificial lake. School catchment : Norma rose point elementary and U-Hill secondary. More details
    Listed by LeHomes Realty Premier
    ERIC COULOMBE
  • 1512 WESTERN Crescent in Vancouver: University VW House for sale (Vancouver West) : MLS®# R2863182

    1512 WESTERN Crescent University VW Vancouver V6T 1V1
    Main Photo: 1512 WESTERN Crescent in Vancouver: University VW House for sale (Vancouver West)  : MLS®# R2863182
    $15,680,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2863182
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    11,039 sq. ft.
    OCEAN VIEW property in UEL + Nick Milkovich Architects Design + Paul Sangha Landscaping + Mitchell Freedland Interior. It took this dream team of international MASTERS 3 years to achieve this Ultra Modern Masterpiece. Perched on the high side of the street, this new house imitates an eagle spreading its wings flying in the sky. Approx. 11000sf sleek, minimalist style; w/a separate I/D pool & pool house on a beautifully landscaped 23658sf of land. At its last stage of application, with an ETA for permits in 4-6 months. A future Landmark of Vancouver Luxury Residential Property. Purchase price includes all design fees paid up to date. The existing 3737sf house is tenanted and still livable. Please do not walk on the land without prior notice. Drawings available for viewing in person. More details
    Listed by Sutton Group-West Coast Realty
    ERIC COULOMBE
  • 1762 ACADIA Road in Vancouver: University VW House for sale (Vancouver West) : MLS®# R2863299

    1762 ACADIA Road University VW Vancouver V6T 1R3
    OPEN HOUSE: Mar 31, 2024
    02:30 PM - 04:00 PM PDT
    Open House on Sunday, March 31, 2024 2:30PM - 4:00PM
    Main Photo: 1762 ACADIA Road in Vancouver: University VW House for sale (Vancouver West)  : MLS®# R2863299
    $11,880,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2863299
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    6,326 sq. ft.
    Experience a heightened standard of living in this exquisite home. Seamlessly blending traditional and modern design elements to create a perfect harmony of the past and present. A warm, elegant living space ideally suited to the needs of today's modern family. Chef's kitchen features handcrafted historic cabinets & top-of-the-line appliances WOLF & Miele. The adjoining nook opens up to a lovely patio, where can host outdoor gatherings & entertainment. Upstairs 3 spacious ensuite bdrms, providing both comfort & privacy. The basement is thoughtfully designed for your enjoyment, with recreation room, media rm, wet bar complete w/ wine cellar, & 3 additional ensuite bdrms, offering flexibility for your family's needs. Don't miss the opportunity to make it yours. Open house: Mar 31, 2:30-4pm. More details
    Listed by Dracco Pacific Realty
    ERIC COULOMBE
  • 29 5605 HAMPTON Place in Vancouver: University VW Townhouse for sale (Vancouver West) : MLS®# R2862198

    29 5605 HAMPTON Place University VW Vancouver V6T 2H2
    OPEN HOUSE: Mar 30, 2024
    02:00 PM - 05:00 PM PDT
    Open House on Saturday, March 30, 2024 2:00PM - 5:00PM
    Main Photo: 29 5605 HAMPTON Place in Vancouver: University VW Townhouse for sale (Vancouver West)  : MLS®# R2862198
    $1,398,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2862198
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,286 sq. ft.
    RARELY AVAILABLE " The Pemberly" at UBC Hamton Place - recognized with a prestigious Georgie Award for its landscaping and architecture! Well-maintained and bright top-floor Townhome unit, fronting to a beautiful courtyard and back looking into greenly Pacific Park, lot's of privacy! This unit has 2bed3bath + a spacious den upgraded by the owner with a door and window, great as a third bedroom or office space. Main floor featuring 10'10ft Vaulted Ceiling for high open feeling, Cosy Gas Fireplace, S/S Appliances in Chef's gourmet Kitchen, large Balcony for your summer barbecue pleasure. Comes with a side-by-side *private gated* double car garage and a storage locker as well! Walking distance to golf course, excellent school catchment, restaurants and shopping mall. Open House: Sat 3/30 @2-5pm. More details
    Listed by Laboutique Realty
    ERIC COULOMBE
  • 112 5981 GRAY Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2862304

    112 5981 GRAY Avenue University VW Vancouver V6S 0G1
    OPEN HOUSE: Mar 30, 2024
    02:00 PM - 04:00 PM PDT
    Open House on Saturday, March 30, 2024 2:00PM - 4:00PM
    Main Photo: 112 5981 GRAY Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2862304
    $998,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2862304
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    847 sq. ft.
    Rare to find !This ground floor with sized patio for your plants and flowers. Two parking !Sail ,the only hot water floor heating building making your winter most comfortable ,is located in the prime location of wesbrook village. The unit has been very carefully maintained ,and never been rent out .Come to check how nice it looks ! More details
    Listed by Homeland Realty
    ERIC COULOMBE
  • 606 5728 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2861307

    606 5728 BERTON Avenue University VW Vancouver V6S 0E5
    Main Photo: 606 5728 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2861307
    $828,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2861307
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    607 sq. ft.
    Rarely available high rise concrete building built by Polygon in UBC. LARGE 1 Bed plus Den (607sqft)and 1 Bath, Open floor plan with A/C and Heating system, high-end appliances. Great elementary and secondary schools are also nearby. Step to Pacific Spirit Regional Park, Wesbrook Community Centre, Bus Transit , Close to Save-on-Foods, bank, restaurants. 1 great parking stall, 1 locker. Don't miss out on this opportunity! More details
    Listed by Sutton Group-West Coast Realty
    ERIC COULOMBE
  • 14 5760 HAMPTON Place in Vancouver: University VW Townhouse for sale in "WEST HAMPSTEAD" (Vancouver West) : MLS®# R2861445

    14 5760 HAMPTON Place University VW Vancouver V6T 2G1
    Main Photo: 14 5760 HAMPTON Place in Vancouver: University VW Townhouse for sale in "WEST HAMPSTEAD" (Vancouver West)  : MLS®# R2861445
    $2,498,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2861445
    Bedrooms:
    3
    Bathrooms:
    4
    Floor Area:
    2,414 sq. ft.
    Welcome to the West Hamptons, this luxurious fully renovated townhome offers it all. Perfectly situated in one of the most desirable pockets of the community. This residential enclave is perfect for those who love the outdoors, with hikes and breathtaking views of Pacific Spirit Park, UBC gardens, and Spanish banks beach just steps outside your door. This home has a perfect floorplan for entertaining. Feat. 3 Beds+ Den, lower level Games Room, over 2,400 sq ft of living space as well as a private 2 car garage, an E facing back patio & private garden. Primary bedroom flaunts a fireplace, soaker tub & WIC. With natural light flooding every room and always at the perfect temperature with Mitsubishi A/C units throughout you'll be able to unlock the west coast lifestyle you've been dreaming of. More details
    Listed by RE/MAX Select Properties
    ERIC COULOMBE
  • TH7 5728 BERTON Avenue in Vancouver: University VW Townhouse for sale in "Acedemy" (Vancouver West) : MLS®# R2861660

    TH7 5728 BERTON Avenue University VW Vancouver V6S 0E5
    Main Photo: TH7 5728 BERTON Avenue in Vancouver: University VW Townhouse for sale in "Acedemy" (Vancouver West)  : MLS®# R2861660
    $1,499,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2861660
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,447 sq. ft.
    Welcome to this prestigious concrete townhouse at 'ACADEMY' BY POLYGON in the heart of UBC. This exquisite residence boasts 9' ceilings, front and back patio at main level, open concept functional gourmet kitchen with high end appliances, quartz counter, floor to ceiling windows bring in natural sunlight. This bright 2 bedrooms, 3 bathroom townhome offers spacious primary bedroom with walk-in closet, massive rooftop deck perfect for summer entertaining, large parking space close to the unit and a huge flex storage space downstairs, plenty of visitor parking space. Steps away from Westbrook Mall, shopping and restaurants, U-Hill Secondary and 5 mins drive to Norma Rose Point Elementary, close to transit and Pacific Spirit Regional Park. More details
    Listed by RE/MAX Westcoast
    ERIC COULOMBE
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Data was last updated March 28, 2024 at 02:10 PM (UTC)
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