Vancouver’s precious home associated with a botanist who obtained UBC has returned to the market.
Frank Buck’s residence was registered on April 8 at a cost of $ 4.5 million.
Buck and his family owned the property at 2403 West 37th Avenue for nearly a century.
The home is one of the buildings listed above in the Vancouver Heritage register.
Divided as category A, the register describes it as a building “representing the best examples of style or type of building”.
Or as in 2403 West 37th Avenue, “it may be associated with a person or an important event”.
After the death of the heir, the Kerrisdale residence was sold in 2017 for $ 3,599,000.
In October of the same year, the home was sold for $ 2.7 million.
A Vancouver Sun report on the list listed in 2017 recalled that Buck bought a property in Vancouver in 1920 for about $ 5,000.
After the 2017 sale by Buck’s heirs, the property returned to the market on February 23, 2021 with a listing price of $ 3,080,000.
Sold March 24 per year valued at $ 2,980,000.
This means that with the new list for April 8, 2022, 2403 West 37th Avenue has been played again for just over a year.
The listing value of $ 4.5 million represents a premium of $ 1,520,000 over the final sale price of the property.
The tag also marks a similar increase in its 2022 trial of $ 2,953,000.
One might wonder why Vancouver’s commercial real estate is so expensive.
It has to do with the power of local development.
The seller’s agency, Macdonald Realty, has sent a donation to a select category of buyers, and they are not ordinary homeowners.
“This calls for engineers interested in the boutique 4 unithouse townhouse project,” the list says.
The document notes that a development permit has been issued by the City of Vancouver for the development of the area.
Multi-conversion accommodation or MCD project involves splitting a precious home into four living quarters, with a coaching house in the back.
It is a development “that removes uncertainty from negotiating with the City along the way”.
However, there seems to be a catch.
The list notes “a few before that” in the Vancouver commercial real estate development permit.
An online survey of applications before the town hall shows that there are a number of conditions for the issuance of development permits.
This was revealed on January 26, 2022 “before the book” by city employee Mary Tuiza to Diamond Group Architecture Inc.
As Tuiza explains, “the application is authorized to alter, add and transform the existing two-storey building and the ground floor, Heritage A”.
“Permission may be granted upon completion of the review and conditions.”
One example is “design development to improve access to natural light, visibility and privacy of neighboring East and West neighbors”.
Another is a “setting of landscape diagrams of landscape elements intended to create a design suitable for birds”.
The applicant also needs to “improve the open space of the back yard by increasing the partition of the building between the main house and the infill” to a minimum of 16 meters.
There’s a lot more, and the city has set a straight time line.
As the city record states, “if these conditions are not complied with, or before July 26, 2022 this Application for Development may be rejected”.
Online, the Vancouver Heritage Foundation describes Buck as a former professor of horticulture for UBC and the world architect of the campus.
“Buck oversees the landscape of the UBC Point Gray campus, in line with the overall design of the Sharp and Thompson campus,” recalls VHF.
Sharp was George T. Sharp, a partner in the construction company Sharp and Thompson.
Buck’s home is located near Sharp’s home on 2427 West 37th Avenue.
Sharp’s residence was built in 1911. Buck’s future home was made two years later, based on a VHF account.
“Buck and Sharp both work on the Point Gray Town Planning Advisory Commission from 1923-1929 and Buck oversees street planting programs that took place in the 1920s at Point Gray,” the foundation states.
“His legacy lives on many beautiful streets lined up in the area, as well as the stadium and memorial garden at UBC named after him,” added VHF.
As for Buck’s home, it is “protected by mature trees and fences, strengthening the intimate relationship of the house with nature, an essential element of the Art and Art”.
“The high ceilings, the cedar beams, the intricately carved porch and the stained-glass windows of the small windows are also hallmarks of Art and Art,” explains VHF.
About Jasmohan Singh Bains
This blogs provides the latest breaking news and videos directly from the Real Estate industry including news and reports on the Real Estate market vision, analysis, education, arts promotion and law enforcement information.
