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Vancouver Billionaire Joe Segal’s Belmont Estate Reduced to $58M (PHOTOS & VIDEO)

Vancouver Billionaire Joe Segal’s Belmont Estate Reduced to $58M (PHOTOS & VIDEO)

Vancouver Billionaire Joe Segal’s Belmont Estate Reduced to $58M (PHOTOS & VIDEO)
November 02
17:06 2019

Vancouver Billionaire Joe Segal’s Belmont Estate Reduced to $58M 

4743 Belmont Avenue, Vancouver, British Columbia, Canada, V6T 1A8

A collaboration between billionaire owner Joe Segal and famed Vancouver architect Ernest Collins resulted in the creation of this extravagant 22,000 square foot residence on what can only be described as the wealthiest residential street in all of Vancouver. The 1.28 acre property first hit the market in 2017 for a then record-setting $63,000,000. The market has cooled since then and the property has been reintroduced at $58,000,000. BC Assessment has a current value of $37,000,000 on the property – down from $43,000,000 the prior year. It belongs to self-made Vancouver billionaire Joe Segal and his wife Rosalie, and according to a CBC News article from 2017, at age 92 he and his wife have decided to offload the property. Built on a very private 1.28 acre estate complete with formal French gardens inspired by Versailles and extensive terraced landscaping, the 22,000 square foot mansion is perched high above Spanish Banks and takes in views across the Strait of Georgia, English Bay, Downtown Vancouver, and the North Shore Mountains beyond. Inside you’ll find five bedrooms, twelve bathrooms, an elevator, two main gallery halls capable of hosting up to 100 guests, an indoor pool and six-car garage. “I believe the buyer of this home will have a passion for art, history luxurious landscapes and timeless design,” said listing agent Christa Frosch. The property also comes complete with over 12,000 tulips, daffodils and hyacinths, as well as magnolia, lilacs and rhododendrons, making it the perfect private park. Belmont Estate is currently on the market for $58,000,000 CAD with Sotheby’s International Realty.















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