Vancouver home lists for record $63M

Philanthropists Joe and Rosalie Segal have put their Point Grey property on the market for $63 million - likely the most expensive listing in Canada, and which would set a record if sold for listing price.

The property has not been listed on MLS, nor has the address been released, but records show the property is at 4743 Belmont Avenue, a west  Point Grey road famously known as 'Billionaire's Row'.

Businesman Joe Segal, now 92, founded the Fields department store chain and created a successful holding company, Kingswood Capital. In 2010, the Segals made news with their $12 million gift to the VGH and UBC Hospital Foundation for a mental health facility known as the Segal Centre.

The home on Belmont is close to 22,000 square feet, and located on a private 1.28 acre lot that slopes down towards the ocean, with views of  Engllish Bay and the North Shore mountains. It has elegant, terraced gardens and opulent interiors, including a spectacular indoor swimming pool. There are 2 huge halls that can seat up to 100 guests for parties or concerts, as well as 5 bedrooms, 12 bathrooms, an elevator, a 6 car garage and a separate suite with its own entrance.

The Segals bought the empty lot in 2007 for $7 million, and Rosalie oversaw the construction of the home. It was recently assessed last July at $40.3 million.

What do you think the final sale price of this mansion will be? Any takers?

Joe Segal Main


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