Vancouver Foreclosure Homes & Real Estate for Sale Listings

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5530 CHANCELLOR Boulevard

University VW University Endowment Lands V6T 1E3

$6,500,000

Residential Detached beds: 5 baths: 7.0 6,901 sq. ft. built: 2024

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Detached

MLS® Num:

R2856659

Bedrooms:

5

Bathrooms:

7

Year Built:

2024

• Photos (40)

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ATTENTION BUILDERS seeking to place their name on an ALMOST-COMPLETE LUXURY HOME (or those seeking a rare opportunity in the coveted UBC Endowment Lands)! Your skill, eye and investment will complete Canada’s first Porcelain exterior home, 6000sf inside upon 1/3 of an acre. The main level features 19ft ceilings, nana-wall folding windows across the rear and, eventually, a kitchen facing a southern yard with pool, hot tub, cabana and outdoor kitchen. A total of 5 beds and 7 baths; 3 beds up centred around an upstairs living space, with guest and nanny suites below. The principal bedroom has glorious north shore mountain views and an ensuite sitting in a water feature – one of many luxury finishes. The walk-out basement features a gym and wine/cigar lounge and access to a 4-car garage. Steps to University Hill Elementary & Secondary, a stroll to Pacific Spirit Park and local beaches. Be the visionary to complete the kitchen, basement, pool and softscape of this masterpiece and reap the rewards quickly.

General Info:

Property Type:

Residential Detached

Dwelling Type:

House/Single Family

Home Style:

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Year built:

2024 (Age: 0)

Total area:

6,901 sq. ft.641.12 m2

Total Floor Area:

6,901 sq. ft.641.12 m2

Price Per SqFt:

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Total unfinished area:

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Main Floor Area:

1,822 sq. ft.169.27 m2

Floor Area Above Main:

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Floor Area Above Main 2:

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Floor Area Detached 2nd Residence:

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Floor Area Below Main:

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Basement Area:

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No. Floor Levels:

3.0

Rainscreen:

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Bedrooms:

5 (Above Grd: 5)

Bathrooms:

7.0 (Full:6/Half:1)

Kitchens:

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Rooms:

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Taxes:

$31,129.6 / 2023

Lot Area:

14,062 sq. ft.1,306.4 m2

Lot Frontage:

80'24.384 m

Lot Depth:

180.4

Exposure / Faces:

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Rear Yard Exposure:

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Outdoor Area:

Fenced Yard, Patio(s), Patio(s) & Deck(s)

Pad Rental:

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# or % of Rentals Allowed:

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# or %:

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Water Supply:

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Plan:

5449

Total Units in Strata:

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Additional Info:

Heating:

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Construction:

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Foundation:

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Basement:

Full, Separate Entry, Unfinished

Full Height:

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Crawl Height:

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Roof:

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Floor Finish:

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Fireplace Details:

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Parking:

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Parking Total/Covered:

6 / 4

Parking Access:

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Driveway:

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Exterior Finish:

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Title to Land:

Freehold NonStrata

Flood Plain:

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Suite:

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Room Information:

Floor

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Size

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Bathrooms:

Floor

Ensuite

Pieces

Other

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By-Law Restrictions:

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Restricted Age:

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Maint. Fees Include:

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Features Included:

Air Conditioning, Hot Tub Spa/Swirlpool, Jetted Bathtub, Other - See Remarks, Pantry, Vaulted Ceiling

Site Influences:

Golf Course Nearby, Paved Road, Private Setting, Private Yard, Recreation Nearby, Shopping Nearby

Amenities:

Exercise Centre, Pool; Outdoor, Swirlpool/Hot Tub

View:

Mountain

Legal Description:

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Other Details:

Dist to Public Trans:

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Dist to School Bus:

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Property Disclosure:

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Fixtures Leased:

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Fixtures Removed:

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Cats:

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Dogs:

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Units in Development:

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Plumbing Details:

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Services Connected:

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Listing Info:

Previous Price:

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Original Price:

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• 
  Photos by Barn Owl
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  Architectural Rendering
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  Measurements taken by Maximus

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Listed by Oakwyn Realty Ltd.

Data was last updated May 4, 2024 at 09:10 PM (UTC)

Area Statistics

Listings on market:

15

Avg list price:

$8,699,000

Min list price:

$1,450,000

Max list price:

$18,600,000

Avg days on market:

61

Min days on market:

3

Max days on market:

362

Avg price per sq.ft.:

$1,485.15

These statistics are generated based on the current listing's property type and located in University VW. Average values are derived using median calculations.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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About Foreclosure listings

There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean? 

In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.

Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.

What is the process of Foreclosure in BC Canada?

See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.

1. Demand letter. 
2. Petition. 
3. Order Nisi. 
4. Judicial Sale. 
5. Order Made After Application.

To see the detailed steps in a foreclosure proceeding. Please let me know.

Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.

Here’s a simple guide on how to buy a Foreclosure Home in BC

1. Search Foreclosure Listings BC
2. Find a Realtor to write an offer.
3. Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
4. Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
5. The hearing of the application for order approving the sale.
6. Completion of the sale.

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