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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13-24/126
  • 1305 3487 BINNING Road in Vancouver: University VW Condo for sale in "ETON" (Vancouver West) : MLS®# R2860774

    1305 3487 BINNING Road University VW Vancouver V6S 0K8
    Main Photo: 1305 3487 BINNING Road in Vancouver: University VW Condo for sale in "ETON" (Vancouver West)  : MLS®# R2860774
    $1,268,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2860774
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    903 sq. ft.
    ETON built by Polygon & designed by renowned architect Walter Francl, a prestigious parkside tower in UBC's Wesbrook Village. This Northeast 2 bedroom corner unit with a panoramic village view through large windows, a functional floor-plan w/ separated bedroom layout for privacy, the ensuite offers a walk-in shower, & double sinks. A huge balcony, wood flooring throughout, a high-efficiency A/C heat pump, top appliances, gas stove, & ample counter space. one parking and 2 spacious lockers! Just steps from Pacific Spirit Park, lose to bus, park, shopping, restaurants and golf course. Top schools nearby. Open House Mar.23, Saturday 2-4 pm. More details
    Listed by eXp Realty
    ERIC COULOMBE
  • 410 3581 ROSS Drive in Vancouver: University VW Condo for sale in "Virtuoso" (Vancouver West) : MLS®# R2860200

    410 3581 ROSS Drive University VW Vancouver V6S 0K5
    Main Photo: 410 3581 ROSS Drive in Vancouver: University VW Condo for sale in "Virtuoso" (Vancouver West)  : MLS®# R2860200
    $1,199,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2860200
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    908 sq. ft.
    Welcome to VIRTUOSO built by award winning developer ADERA. This SPACIOUS and BRIGHT (900 sqft) 2 Bed + DEN + 2 Bath unit, which comes with AC, is the one you have been searching for. Located in the heart of WESBROOK VILLAGE, a vibrant COMMUNITY nestled among the trees and ocean. This GARDEN VIEW unit has a beautiful open concept plan with tall ceilings, gorgeous kitchen with KITCHEN AID appliances, gas cook top and QUARTZ countertops. Two good sized rooms on the opposite sides of the unit. An oversized BALCONY and large DEN are waiting for your ideas. Steps away from UBC, U Hill Secondary School, Wesbrook Community Center, Pacific Sprit Regional Park, Restaurants, Transit and Beaches. More details
    Listed by Keller Williams Ocean Realty
    ERIC COULOMBE
  • 508 5687 GRAY Avenue in Vancouver: University VW Condo for sale in "ETON" (Vancouver West) : MLS®# R2861030

    508 5687 GRAY Avenue University VW Vancouver V6S 0K7
    Main Photo: 508 5687 GRAY Avenue in Vancouver: University VW Condo for sale in "ETON" (Vancouver West)  : MLS®# R2861030
    $1,329,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2861030
    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! More details
    Listed by Regent Park Realty Inc.
    ERIC COULOMBE
  • 205 6093 IONA Drive in Vancouver: University VW Condo for sale in "THE COAST" (Vancouver West) : MLS®# R2861396

    205 6093 IONA Drive University VW Vancouver V6T 0B2
    Main Photo: 205 6093 IONA Drive in Vancouver: University VW Condo for sale in "THE COAST" (Vancouver West)  : MLS®# R2861396
    $1,699,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2861396
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,802 sq. ft.
    Under BC Assessment value!!! This beautiful suite is NW facing, overlooking a quiet, stunning water-mountain view. 3 good size rooms, and 2 PARKING stalls side by side. Quality appliances, 10' ft ceiling, floor to ceiling windows throughout, radiant floor heating & many more. Spacious 250 S/F scenic outdoor terrace, facing the mountain and the sea view, romantic place to watch sunrise. Functional layout. Adjacent to David Chan Centre, 5-minute walk from beaches, cafes, and all UBC's world-class amenities. Close to U/Hill Elem Schl & public transit. High return on investment. Book your private showing today! Great Deal! More details
    Listed by Youlive Realty
    ERIC COULOMBE
  • 5569 UNIVERSITY Boulevard in Vancouver: University VW House for sale (Vancouver West) : MLS®# R2862675

    5569 UNIVERSITY Boulevard University VW Vancouver V6T 1K5
    Main Photo: 5569 UNIVERSITY Boulevard in Vancouver: University VW House for sale (Vancouver West)  : MLS®# R2862675
    $3,990,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2862675
    Bedrooms:
    6
    Bathrooms:
    2
    Floor Area:
    2,850 sq. ft.
    Well maintained 6 bedrooms home on a rectangular 80 x 170 ' lot in the prestigious University Lands. Free Hold! Perfect for a move in after some touchup, or lease out while planning your own design. 3 bedrooms plus den and bathroom upstairs. Inside, the open plan kitchen, eating area and family room is bright and spacious and is the heart of this home. The lower floor features three guest bedrooms, bathroom, plus recreation room and home office. Enjoy an unobstructed view of Jim Everett Park, walking distance to UBC, local restaurants, grocery stores, and coffee shops, University golf course, etc. More details
    Listed by LeHomes Realty Premier
    ERIC COULOMBE
  • 1605 2688 WEST Mall in Vancouver: University VW Condo for sale in "PROMONTORY" (Vancouver West) : MLS®# R2860145

    1605 2688 WEST Mall University VW Vancouver V6T 2J8
    Main Photo: 1605 2688 WEST Mall in Vancouver: University VW Condo for sale in "PROMONTORY" (Vancouver West)  : MLS®# R2860145
    $1,898,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2860145
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,295 sq. ft.
    ONE OF THE BEST VIEW HOMES IN GREAT VANCOUVER!!! UBC deluxe high rise. Lovely, bright, south-west facing 2 bedroom, 2 bath and den corner unit with oversized windows, large balcony and high ceiling. Functional floor plan. 270 degree breathtaking ocean, island and park view. Located in most wanted tranquil Hawthorne Place. Enjoy the quiet friendly neighbourhood with greenery treed street, old barn community centre and all excellent UBC facilities. Features include high quality hardwood throughout, granite counters, stainless steel appliances, new kitchen fan, concierge service, onsite building manager, exercise room, 2 parking, 1 locker and much more. Attending top rank U-Hill Elementary and Secondary School.The 1st Open House ia on Apr.6th. Sat. 2-4PM More details
    Listed by Team 3000 Realty Ltd.
    ERIC COULOMBE
  • 403 3487 BINNING Road in Vancouver: University VW Condo for sale in "Eton" (Vancouver West) : MLS®# R2860167

    403 3487 BINNING Road University VW Vancouver V6S 0K8
    Main Photo: 403 3487 BINNING Road in Vancouver: University VW Condo for sale in "Eton" (Vancouver West)  : MLS®# R2860167
    $1,556,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2860167
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,288 sq. ft.
    UBC Eton by Polygon is a prestigious parkside tower located in the vibrant Westbrook Village, offering luxurious condominiums designed by renowned architect Walter Francl. This 3-bedroom & 2-bathroom corner unit boasts high ceilings, stylish interiors with privacy-optimized bedroom locations, and modern amenities such as A/C, Bosch appliances, an open-concept marble kitchen, and a big island. The unit also comes with two parking lots and one large locker for added convenience. Residents of this luxurious tower will enjoy easy access to various shopping centers, restaurants, coffee shops, a community center, and other amenities, making it an excellent choice for those seeking a higher level of living. More details
    Listed by Interlink Realty
    ERIC COULOMBE
  • 316 5725 AGRONOMY Road in Vancouver: University VW Condo for sale in "GLENLLOYD PARK" (Vancouver West) : MLS®# R2860425

    316 5725 AGRONOMY Road University VW Vancouver V6T 1L9
    Main Photo: 316 5725 AGRONOMY Road in Vancouver: University VW Condo for sale in "GLENLLOYD PARK" (Vancouver West)  : MLS®# R2860425
    $918,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2860425
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    834 sq. ft.
    Very good layout 2 Bed + 2 Bath unit located at Glenlloyd Park by Polygon @ UBC. Overlooking a beautiful courtyard. All rooms are regular rectangular shapes, spacious living & dining areas with a separated kitchen. Low Strata fee. Gas fire place, stainless steel appliances, granite counter-tops. This unit comes with 2 side by side parking stalls. Lots of visitor parking and 4 EV charging stations. Conveniently located at University Market Place. Close to public transit, UBC shops and services, Thunderbird Pool & Rec. Centre. Best school catchment: Norma Rose Point Elementary & University Hill Secondary School. Short walk to UBC classrooms and Research Buildings. More details
    Listed by Regent Park Realty Inc.
    ERIC COULOMBE
  • 1304 5410 SHORTCUT Street in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2859350

    1304 5410 SHORTCUT Street University VW Vancouver V6T 0C8
    Main Photo: 1304 5410 SHORTCUT Street in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2859350
    $1,680,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2859350
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    950 sq. ft.
    Cedar Walk by Polygon, a picturesque park side community located at the gateway to the UBC campus, steps from Pacific Spirit Park, golf club, trails, retail plaza and daycare centres & more. This north-west corner unit with unobstructed view of ocean, north shore mountains & golf course . Functional layout, open living space with high ceilings and large windows, features A/C, engineered wood flooring, contemporary kitchen with Miele & Liebherr appliances. Unit comes with an EV Parking and a storage locker. Great school catchment: Norma Rose Elementary & U-Hill Secondary. Virtually staged pictures. More details
    Listed by Royal Pacific Realty (Kingsway) Ltd.
    ERIC COULOMBE
  • 1709 5608 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2859520

    1709 5608 BERTON Avenue University VW Vancouver V6S 0M6
    Main Photo: 1709 5608 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2859520
    $1,780,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2859520
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    977 sq. ft.
    The Conservatory by polygon located at UBC Wesbrook Village, this brand new 17th floor 2 bedroom, 2 bathroom South-East Corner suite is not just a home, but a one of a kind lifestyle experience. Features with 9ft ceiling, full air-conditioning, a designer kitchen with Miele and Liebherr appliances, engineered wood flooring, and a spa inspired master ensuite. The ultimate highlight is the wrap around balcony and windows which frame a beautiful 270 degree backdrop of panoramic ocean views and the lush soothing greenery of Pacific Spirit Park. A building concierge greets you as you come through the door. A secured bike storage area is available, also an automatic parcel locker system in the lobby. Include 2 large EV rough-in parking stalls and 1 extra large locker. More details
    Listed by Sutton Group - Vancouver First Realty
    ERIC COULOMBE
  • 608 5728 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2859649

    608 5728 BERTON Avenue University VW Vancouver V6S 0E5
    Main Photo: 608 5728 BERTON Avenue in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2859649
    $1,783,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2859649
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,453 sq. ft.
    The ACADEMY by Polygon! Welcome to this RARE FIND SOUTH FACING bright 3 bedroom plus with a beautiful view of a park and forest. Enjoy the conveniences of everything you need at Westbrook Village boutique community. Just steps to the UBC campus, U-Hill Secondary, including St. Georges School and West Point Grey Academy,Save on foods, shopping, banks and public transit, and all the campus amenities. Contemporary interior finishes, bright open-plan layouts, marble bathrooms and spacious gourmet kitchen with engineered stone countertops and quality Appliance,and Air Conditioning system,secured underground parking.Best location in UBC! Easy to show. More details
    Listed by Nu Stream Realty Inc.
    ERIC COULOMBE
  • 310 6033 GRAY Avenue in Vancouver: University VW Condo for sale in "PRODIGY" (Vancouver West) : MLS®# R2858907

    310 6033 GRAY Avenue University VW Vancouver V6S 0G3
    Main Photo: 310 6033 GRAY Avenue in Vancouver: University VW Condo for sale in "PRODIGY" (Vancouver West)  : MLS®# R2858907
    $929,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2858907
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    787 sq. ft.
    Introducing PRODIGY by the esteemed developer Adera, recipient of the coveted Georgie Award. Nestled in Wesbrook Village, UBC, this residence offers an optimal layout with 2 bedrooms and 2 bathrooms, maximizing every inch without compromise. Revel in the expansive balcony offering captivating city vistas. The gourmet kitchen boasts upscale appliances, perfect for culinary enthusiasts. Enjoy convenient access to urban amenities, including grocery stores, diverse eateries, cafes, and transit options, all within steps. Surrounded by the serenity of ocean views and lush parks, this location is truly unparalleled. Notable school catchments include Norma Rose Point Elementary and University Hill Secondary. 1 parking and locker included. Showings by appt only Mondays from 4-5pm and Saturdays from 2-3pm. More details
    Listed by Stilhavn Real Estate Services
    ERIC COULOMBE
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Data was last updated March 28, 2024 at 03:10 PM (UTC)
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