Real Estate Magazine - July 2022

NEW

VOLUME 1 • ISSUE 7 • JULY 2022

Upper Sunshine Coast: qathet region, Powell River, Savary Island, Texada Island

REAL ESTATE M A G A Z I N E

1854 Lake View Road, Texada Island $1,250,000 MLS®16455

POWELL RIVER

REALTOR® Ross Cooper

Looking to list or buy?

I can help you, give me a call Every listing comes complete with top of the line Photography, 360° Virtual Tours and Floor Plans

Curtis Yungen 604.483.1668

•

P O W E L L

curtisyungen@live.com

R I V E R

4545 MARINE AVENUE

•

curtisyungen.ca

2 | REAL ESTATE MAGAZINE JULY 2022

Check out these great listings throughout the magazine, by location 1. 1256 Vancouver Boulevard.................. page 3 2. 1262 Vancouver Boulevard.................. page 3 3. 1613 Vancouver Boulevard................ page 19 4. 1248 Savary Island Road.................... page 21 5. 1408 Savary Island Road.................... page 21 6. 3950 Malaspina Promenade.............. page 21 7. Lot 9 + 10 Finn Bay Road...................... page 4 8. Okeover............................................... page 7 9. 9350 Malaspina Road........................ page 18 10. 4849 Tomkinson Road........................ page 5 11. 6418 Sutherland Avenue.................. page 18 12. 5905 Taku Street................................ page 8 13. 6410 Seton Avenue.......................... page 13 14. 6440 Chilco Avenue......................... page 13 15. Lot J Chilco Avenue............................ page 8 16. 6249 Marine Avenue........................ page 12 17. 5840 Willow Avenue........................ page 18 18. 6762 Cranberry Street...................... page 13 19. Lot B, C, D Drake Street................... page 12

20. 5636 Manson Avenue........................ page 3 21. 5372 Hamber Avenue...................... page 21 22. 37-5455 Borden Place...................... page 18 23. Lot 17 Edgehill Crescent................... page 12 24. Lot 33 Edgehill Crescent................... page 17 25. 4691 Redonda Avenue..................... page 13 26. 4848 Harvie Avenue......................... page 12 27. 6900 Burnaby Street........................ page 14 28. 105-4580 Joyce Avenue.................... page 17 29. 104-4580 Joyce Avenue.................... page 21 30. 4591 Marine Avenue........................ page 12 31. 6910 Courtenay Street....................... page 3 32. 6915 Fairmont Street......................... page 6 33. 3772 Marine Avenue.......................... page 5 34. Lot I Quebec Avenue........................ page 10 35. Lot 0 Cook Avenue........................... page 12 36. 4609 Cook Avenue........................... page 18 37. 64-7624 Duncan Avenue.................. page 12 38. Lot 12 Boswell Street....................... page 12

39. 7130 Hazelton Street......................... page 5 40. 4212 Joyce Avenue............................ page 3 41. 4010 Dorval Avenue......................... page 12 42. 3387 Yew Kwum Place..................... page 11 43. 3532 Marine Avenue.......................... page 9 44. 7030 Tahsis Street............................ page 17 45. Lot 1 Cortez Avenue......................... page 19 46. 3234 Butler Road............................. page 11 47. 2702 McCausland Road.................... page 13 48. B-8733 Highway 101.......................... page 7 49. 8989 Stager Road............................... page 5 50. 2303 Armour Road........................... page 11 51. 11048 Highway 101............................ page 7 52. 5285 Coleburn Street......................... page 3 53. 1854 Lakeview Road.......................... page 3 55. 5894 Zant Road.................................. page 3 55. 4791 Sanderson Road........................ page 5 56. 6594 Shelter Point Road..................... page 6 57. 3629 Crescent Bay Road..................... page 6

Powell Lake

Goat Lake

Goat Island Powell Lake e Rout Powell Forest Canoe

Okeover Inlet Powell Lake Lewis Lake 8

Lund

7

Okeover Arm Provincial Park

9

10 1

Savary Island 2

3

4

5

6

Tla’amin First Nation

VA TO RY

BC F ER

Duck Lake

T TO

LA

Lois Lake

Y

IS

Powell Forest Canoe Route

46

Myrtle Point Golf Club

47

Blubber Ba y V an And a Gillie s Ba y

Horseshoe Lake

Cranberry

RR

R

X)

MO

Nanton Lake

30

FE

VE

(C O

17

NC

OU

Harwood Island

16

Haslam Lake

Haywire Bay

Lake 18 19 20 22 31 21 32 25 23 2438 35 37 33 26 27 28 34 36 D 39 29 AN L IS 45 41 A 40 AD Powell 43 42 44 EX River

Historic Townsite

ND

Inland Lake

15 11 12 14 13

Dinner Rock Park

Dodd Lake

48

49

50

Saltery Bay Provincial Park

51

Texada Island

52 53 54 55 56 57

SAVARY ISLAND R E A L E S TAT E

4493F Marine Avenue, Powell River, BC • 604.485.5313 • prpeak.com

midweek

LOCALLY PUBLISHED

REAL ESTATE MAGAZINE JULY 2022 | 3

Real estate dollar values climb Paul Galinski reporter@prpeak.com Numbers for real estate sales in May 2022 and 2021 were similar, but dollar values were substantially higher this year.

“Sales activity was down to more normal levels for this time of year, although still trending slightly above average for the month of May,” said Neil Frost, president of the Powell River Sunshine Coast Rea l Estate Boa rd.

“New listings are just touching below average levels at the moment, so our market is still experiencing historically low inventory and is balanced more on the tighter side. However, we expect some moderation in demand and a rebalancing of the market in the coming months as interest rate

Neil Frost

President, Powell River Sunshine Coast Real Estate Board

increases continue to take hold.”

Frost said the sales numbers between May in 2022 and 2021 are comparable. He said there is no doubt the average house sale price is up even from the beginning of the year, and the dollar value has increased from May 2021 to May 2022.

Frost said he’s noted that houses are taking a little bit longer to sell and some are selling below asking prices,

1256 VANCOUVER BLVD

Rare double lot on Savary Island. Almost ¾ of an acre, 100’ x 300’ selectively cleared property. $399,900 MLS® 16409

6910 COURTENAY STREET

Outstanding views from the huge master suite with private deck and office. Covered parking and a 14’x20’ garage. $629,000 MLS® 16444

although prices have not fallen. Some sellers have made adjustments to what the market will bear, he added.

“We’ve seen some sel lers adjust t hei r prices, but sale prices are still at a high,” said Frost. “We’ve also still seen some competing offers, so it’s a mixed bag, but they are not as common.”

According to statistics released by the local real estate board, in the single-family homes category, in May 2022, there were 30 properties sold, valued at $21,022,400, compared to 28 properties sold in March 2021, valued at $15,256,665.

In the mobiles and manufactured home categor y, fou r u n it s were sold in May 2022, valued at $1,300,500, c ompa r e d t o three CONTINUED ON PAGE 4 ...

1262 VANCOUVER BLVD

Level lot on Savary Island. Level 50’’ x 300’ selectively cleared property with hut. $164,500 MLS® 16409

5285 COLEBURN STREET - TEXADA ISL.

Affordable 3-bedroom home near grocery store, post office and elementary school. All for under $400k. $359,900 MLS® 16446

5894 ZANT ROAD - TEXADA ISL.

TEXADA ISLAND 40 ACRES. Perfect for mid-sized farming.

Located near Shelter Point Road. $875,500 MLS® 16449

5636 MANSON AVENUE

Updated character home from the 30’s is presented in the market as a rental investment now or for long term. $509,000 MLS® 16576

1854 LAKE VIEW ROAD, TEXADA ISL

Charming, 2-bed, 2-bath character home is perched on a bluff to take advantage of all the views Spectacle Lake has to offer. $1,250,000 MLS® 16455

4212 JOYCE AVENUE

Central classic character. Looking for an affordable family home or rental investment with upside potential this should be on your list. $519,900 MLS® 16581

Definition of Experience: Merriam - Webster Dictionary 1. Direct observation of or participation in events as a basis of knowledge 2. The fact or state of having been affected by or gained knowledge through direct observation or participation 3. Practical knowledge, skill or practice derived from direct observation or a participation in events or in particular activity 4. The length of such participation

Ross Cooper ASSOCIATE BROKER

POWELL RIVER

604.483.1883 • rosscooper@remax.net • 4545 Marine Avenue, Powell River, BC Committed to your success rosscooperrealestate.com

4 | REAL ESTATE MAGAZINE JULY 2022

Sales in May 2022 similar in number to May 2021 CONTINUED FROM, PAGE 3 ...

units sold in May 2021, valued at $677,900.

In the condos, apartments and duplex category, four units were sold in May 2022, valued at $2,288,000, compared to 10 units in May 2021, valued at $3,773,600.

Residential totals show 38 units sold in May 2022, valued at $24,610,900, compared to 41 units in May 2021, valued at $19,708,165.

On the non-residential side, in the vacant land category, five properties were sold in May 2022, valued at $11,359,000, compared to eight properties in May 2021, valued at $7,776,400.

There was one industrial, commercial and residential property sold in May 2022, valued at $525,000, compared to none in May 2021.

Non-residential totals show six units sold in May 2022, valued at $11,884,000, compared to eight units i n May 2021, va lued at $7,776,400.

Grand totals for all sales in May 2022, show 44 units sold, valued at $36,494,900, compared to 49 units sold i n May 2021, va lued at $27,484,565.

In residential single-family homes, the average price for the month of May 2022 was $700,747, with 20 days on the market, compared to $544,881, with an average of 22 days on the market in May 2021.

In terms of new listings, there were 59 on the residential side, and a total of 129 active residential listings, at the end of May 2022. The total number of new listings, including residential and non-residential in May 2022 was 82, with a total of 194 active listings at the end of May 2022.

In terms of buyer statistics for May 2022, of the sales tracked directly by real estate board members, 13 buyers were local and 25 were from out of the area. This included two from the lower

Sunshine Coast, four from Vancouver Island, 13 from the Lower Mainland, two from Squamish, one from the rest of BC, three from Alberta and one from the rest of Canada.

Of the sellers tracked in May 2022, 33 were local and six were from out of the area.

A total of 24 sales were for principal residences.

Canadian mortgage rates continue to climb, according to BC Real Estate Association chief economist Brendon Ogmundson.

“The average five-year fixed mortgage rate reached 4.49 per cent in June,” said Ogmundson. “That is the highest mortgage rates have been since 2009.”

The average multiple listing service residential price in BC was $1 million, a 9.3 per cent increase from $915,392 recorded in May 2021, added Ogmundson. Total sales dollar volume was $8.2 billion, a 29.1 per cent decline from the same time last year.

LOT 9- FINN BAY ROAD $349,900 | MLS®16597 | 0.72 Acres Personal driveways, privacy from all angles, power, water and sewer services ready and waiting for you to turn your dreams into reality! 1 minute walk from Lund Hotel and water taxi to Savary Island. Cabin structure ready with plumbing - a clean slate ready for your personal way of making yourself at home.

LOT 10- FINN BAY ROAD $349,900 | MLS®16598 | 0.72 Acres Personal driveways, privacy from all angles, power, water and sewer services ready and waiting for you to turn your dreams into reality! 1 minute walk from Lund Hotel and water taxi to Savary Island. Foundation poured in ideal location, a little more tree clearing and you can be well on your way!

SOLD

74-7624 DUNCAN STREET $249,000 | MLS®16552 | 2 bedrooms,1 bathroom, 975 sq ft Attractive, affordable and convenient. This bright two-bedroom modular home in Blue Mountain Park features a 10x21 addition and gas fireplace in the living room. Sunny deck leads down into the yard which has several flowering plants along with two storage sheds. The neighbourhood is level and easy to walk.

Austyn MacKinnon YOUR PERSONAL REAL ESTATE AGENT

778.986.1691 • amackinnon@460realty.com • austynprhomes.com 460 REALTY OFFICE 118-4801 JOYCE AVENUE, POWELL RIVER, BC V8A 3B7

GIVE ME A CALL

M O C T O D . ..

It d l o S Neil

REAL ESTATE MAGAZINE JULY 2022 | 5

YOUR TRUSTED REAL ESTATE ADVISOR

WATERFRONT LOT

AMAZING OCEAN VIEW

8989 STAGER ROAD $499,900

7130 HAZELTON STREET $849,900

SOLD WESTVIEW

Call Neil today for your FREE market evaluation 604.483.NEIL

Serviced Lot • 1/2 acre

4 bed • 3 bath • New deck

ESPLANADE WATERFRONT

GILLIES BAY

ACREAGE

3772 MARINE AVENUE $999,900

4791 SANDERSON RD, TEXADA $499,900

4849 TOMKINSON ROAD $699,900

I do all that STuff too!

2 bed • 2 bath • Large triple garage

3 bed •1 bath •Ocean view

3D TOURS

3 bed •1.81 acres •Partial suite

FLOOR PLAN S

DRONE PHOTOS

NEIL FROST REALTOR

604.483.NEIL (6345)

®

2021

PRSCRB 2021

NEIL@PRHOMEFINDER.COM

6 | REAL ESTATE MAGAZINE JULY 2022

NEW LISTING

6915 Fairmont Street $499,900 MLS® 16631

OCEAN VIEW This 3-bedroom, 1-bathroom home has a fantastic ocean view from the deck and is located in the Westview area of Powell River.

Here you have proximity to all amenities and the sea-walk is just a short distance away. The corner lot gives this affordable home ample green space with a detached carport. Upstairs beautiful original wood floors are waiting to be revealed, the layout is bright and functional with a cozy fireplace in the living room. The unfinished basement currently provides workshop space and has a large bedroom but is a canvas for your ideas with suite potential.

Give me a call for more information and to book your viewing.

BOOK NOW DA XAAND E T SL I

Working hard for you!

PROUD SUPPORTER OF

604.414.3447 | desireecollings@royallepage.ca 3629 CRESCENT BAY RD

1 bed | 1 bath | 828 sq ft | $693,000 MLS® 16521 Fabulous getaway! A 13-acre ocean peek-a-boo view property with super clean, 800+ sq ft home on over thirteen acres, within 5 minutes of the ferry. Composting toilet, washer/dryer, and wood-burning stove, all super functional and cozy. A large, ocean-facing deck to watch sunsets and two wired outbuildings. Lots of warm, dry loft storage. The storeroom could be the second bedroom. Electric baseboards as back up to the stove. The property is mostly treed and neighbours the golf course!

DA X A ND TESLA I

6594 SHELTER POINT RD

2 beds | 1 bath | 2,840 sq ft | $998,000 MLS® 16480 Welcome to paradise. This virtually level 22.08 acres on Texada Island features a gorgeous three-level log home, with huge loft and one of a kind grand stairway, a barn and other out buildings. A 560’ drilled well provides ample water and over half the property is treed. Currently operated as a farm, the options are limitless. Only five mintues to Gillies Bay and two minutes to Shelter Point Park, and a 25 minute ferry ride from Powell River. A rare offering to the market.

DEAN MACDONALD – realtor on the rock –

604.786.2977 dmacdonald@460realty.com

REAL ESTATE MAGAZINE JULY 2022 | 7

OKEOVER $1,995,000

4 BEDS • 4 BATH • 3,400 SQ FT

Family-sized home on 18 acres with 1,200’ of waterfront and ultimate privacy in a pastoral setting. At the southwest end of Okeover Arm on the upper Sunshine Coast of British Columbia with dense forest all around, you’re in another world. Built in a timeless Westcoast Contemporary style it sits 50’ from walk-on waterfront with windows and a deck placed to take advantage of the view up Okeover Inlet.

B-8733 HIGHWAY 101 $519,900 2 BEDS • 1 BATH • 776 SQ FT

Beautifully situated one-level home with a panoramic ocean view is only fifteen minutes south of the city centre. It could be a great starter home for a young couple or a summer getaway cabin. The lot is just under 0.2 acres providing lots of space for gardens, patios and year-round enjoyment. Only 100 yards from the beach, there is a shared access to the water as part of the bare land strata that this property is part of.

11048 HIGHWAY 101 $284,000

CALL TODAY FOR A SHOWING

90’ X 199” LOT

Large, rural building lot in a quiet neighbourhood. Only blocks from the beautiful Palm Beach recreational area this 90’ X 199’ lot is cleared with a few large trees remaining giving it parklike possibilities. Featuring a community water system and septic system in place this is a great opportunity at a time when building lots in the lower-taxed regional district are in high demand. (Existing mobile home of no value)

A-4279 COLLINGWOOD WAY $549,900

D L SO

3 BEDS • 2 BATH • 1,190 SQ FT

Well-kept, central 1/2 duplex is perfect for first-time buyers or a downsize. The current owners have loved this home since it was built and are now moving on to the next phase. The attached garage provides ‘dry entry’ to a three bedroom, rancher-style home with a bright, open area kitchen/living/dining space overlooking a private patio and garden area. No strata fees or rules and a smaller yard space to maintain are added plusses.

D L O S

D L O S

D L O S

PROFESSIONAL PHOTOGRAPHY

VIRTUAL TOURS

FLOOR PLANS

“Why not look “Whyyour not look your best?” best?”

D L O S

“Why not look your billbailey.ca best?”

billbailey.ca billbailey.ca

You’ve looked after your home.

Let me help you to showcase all the best about it! I’m ready to make suggestions about how to dress it up for market and then bring in our tools for getting an online virtual tour done for every listing. An upbeat video featuring the high points is great for social media and for the majority of buyers looking online. Exceptional professional photography is an eye-catching callout to the many buyers looking in our area. Call or text me for a market evaluation.

8 | REAL ESTATE MAGAZINE JULY 2022

Joel Lewis, Photographer Rebecca Rocks, Georgia Strait

“Committed to selling the Powell River experience”

YOUR HOME HERE Let’s sit down and chat about your options in today’s changing real estate market.

604.223.2150

REAL ESTATE MAGAZINE JULY 2022 | 9

NEW LISTING

3532 MARINE AVENUE MLS® 16615

4 bedrooms 2 bathrooms 2 shops 2-bedroom basement suite

$709,900

Testimonial

“Cory was an absolute pleasure to work with. He got us our dream home and completed the sale of our current home in less than 48 hours to secure the deal! He was very professional and catered to all our needs as we were tying to navigate this deal with a five month old baby. He worked around our schedule which made this an easy process. You can tell he really cares about his job and most importantly his clients. I would highly recommend anyone to go with Cory Burnett!”

Thinking of buying or selling? I would love to discuss the resources and marketing tools I have to help you get the most for your home. I provide service from home preparation to closing, giving you access to answers quickly. Give me a call for a fresh, adept and hands on approach to real estate.

604.208.4050

BUY WITH CONFIDENCE, SELL WITH EASE coryburnett@royallepage.ca

10 | REAL ESTATE MAGAZINE JULY 2022

AMAZING VIEW! QUALITY NEW HOME! Enjoy the panoramic ocean views from your brand new home.

Customizations include flooring, paint colour and cabinet style.

Built to step code 4 which means higher energy efficiency - 90% more energy efficient than most homes in Powell River.

LOT I QUEBEC AVENUE $939,900 MLS®16431

CONNECT A GENERATOR TO YOUR HOME

With a standby generator, your family will feel safe and secure during power outages.

We can connect your existing generator, or install a new Cummins, guaranteed one of the quietest, most efficient, and most reliable generators available.

ELECTRICAL UPGRADES RENOVATIONS NEW CONSTRUCTION

KATIE INDREBO

REALTOR® C 604 344 0055 O 236 328 0236 kindrebo@460realty.com 460 REALTY • 118-4801 JOYCE AVENUE

• Full electrical services • Lighting control • Whole-house audio • EV charging stations • Audio/Video Installs • Generator Connections

F OXTROT E LECTRICAL S OLUTIONS LTD. 604.414.3929 foxtrotelectricalsolutions.ca

Meeting you at the most convenient times for you, and striving to offer the most competitive rates available, so that you always come first.

SASHA RANDOLPH Mortgage Specialist - Powell River

Call or email anytime 604.414.5865 • Sasha.Randolph@bmo.com Proud member of the Rotary Club of Powell River and Powell River Chamber of Commerce

REAL ESTATE MAGAZINE JULY 2022 | 11

3541 SELKIRK AVENUE $1,639,900 MLS®16649 Brand new 4-bedroom, 3-bath, 3,800 sq ft, custom-built ocean-view home on quiet cul-de-sac in Grief Point is a must see! L-shaped home with open plan offers spacious great room with high-end custom kitchen, cozy living room, and huge covered tile deck. 73x183 lot has side-yard access and is ready for shop or carriage house.

2239 MCKENZIE ROAD $1,139,900 MLS®16647 We’ve got acreage! This 4-bedroom family home is situated on 9.4 acres of agricultural bliss, numerous outbuildings including; an attached meat processing shop, detached garage(s), large barn (can be converted back to a suite). Large portion of privately forested area, fully-fenced yard, with tranquil water feature and fire-pit.

3387 YEW KUM $1,149,900 MLS®16519 Located on an executive cul-de-sac in Grief Point; a community of newer homes on large lots bordering trails and park space. Custom designed and built in 2005 this two-story, main level entry home is situated on a level wide-fronting half-acre lot. Open main level features formal dining room, bright living room and spacious custom kitchen, guest suite or master bedroom, private covered side porch with hot tub, and attached triple garage.

3234 BUTLER ROAD $1,499,900 MLS®16567 Spacious rancher located in the popular Myrtle Creek development is situated on a beautifully developed corner lot. Built in 2015 the open-concept floor plan is ideal for hosting. The large island is the hub of activity, and the spacious custom kitchen with ceiling-height cabinets is a foodie’s dream. Vaulted ceilings and big windows create a beautiful living space with natural light throughout the great room, den living room and dining room.

118-4801 JOYCE AVENUE 236.328.0240 460REALTYPR.COM

12 | REAL ESTATE MAGAZINE JULY 2022

REAL ESTATE MAGAZINE JULY 2022 | 13

Serviced building lot with view potential in the heart of Westview on a quiet no-thru-street.

Call today for all the details.

5,500 SQ FT VACANT LAND

Three-level home with walk-out suite, detached three-bedroom cottage and beachside bunky. Nearly 1.5 acres of gently sloping property, private corner lot with highway access, walk-on waterfront with 100’ of frontage, stunning views and southern exposure. Main-level entry home with attached two-bay garage, custom kitchen, massive covered deck with outdoor kitchen.

Updated high-end appliances, in-law suite, and a two minute stroll to the beach are just a few of the reasons to put this classic 5-bed, 2-bath home on your must see list!

Well built 70’s home has amazing potential.

Some features include: ocean view, mature landscaped yard, garden area, large closed in double car garage-perfect for a shop and ample room for storage, and more

0 COOK AVENUE $265,500 MLS®16475

2303 ARMOUR ROAD $2,389,900 MLS®16586

7057 THUNDER BAY STREET $689,900 MLS®16619

This recently renovated 4-bedroom family home has it all. Spectacular 180 degree unobstructed views, only steps away from Westview Elementary School. Features and upgrades include; brand new central gas heating system with air conditioner hook up available, fully renovated bathroom, new deck, massive backyard with plenty of room for your garden and shop, and suite potential.

Great light exposure and amazing views make this a must see home for those looking to add value to a property. Features include; 200 amp service, spacious and open floor plan, massive deck, greenhouse, and fruit trees in the backyard. Bring your ideas and some elbow grease to this charming fixer upper. Don’t delay, book your appointment today!

LOT 17 EDGEHILL CRESCENT $269,900 MLS®16261

4010 DORVAL AVENUE $769,900 MLS®16607

6440 CHILCO AVNENUE $549,900 MLS®16608

PRIME RESIDENTIAL DEVELOPMENT. 119’ x 495’ level lot in Central Westview has R2 zoning (single-family and duplex).

Subdivide up to six duplex lots, or rezone for higher density single family opportunities.

Services are on the street, and all amenities are within walking distance. This is an ideal residential development property in the heart of Westview.

This nicely-updated rancher in central Westview is move-in-ready and walking distance to all amenities. With recent laminate flooring and paint throughout, and an updated kitchen with new counters, hardware and appliances, you can just move in and enjoy. Attached carport, finished mud room and garden shed offer excellent storage.

A waterfront property like no other. Over 7 acres and 400+ feet of beachfront. This unique property offers southwest exposure, and panoramic views up the Strait of Georgia, protected from southerly winds and perched above Myrtle Rocks.

LOT 12 BOSWELL STREET $599,900 MLS®16412

4848 HARVIE AVENUE $639,900 MLS®16627

2702 MCCAUSLAND ROAD $3,649,900 MLS®16452

LAKE VIEW DEVELOPMENT OPPORTUNITY. This three-parcel land assembly on a quiet side road in Cranberry is comprised of three separately titled R2 (Single and Two-Family) lots. Lot B has 95’ of frontage on Drake Street with 132’ flanking a side lane with further road dedication. Don’t miss this opportunity!

Immaculately well kept trailer in popular Blue Mountain Estates. Bright an open living space, massive covered side deck on desirable large desirable pad with lots of parking. Don’t miss this opportunity to downsize, or get in to the market!

LOT B, C, D DRAKE STREET $599,900 MLS®16482

64-7624 DUNCAN STREET $299,900

Welcome to 3545 Selkirk Ave where luxury and style awaits! With over 4,000 sq ft of beautifully finished west coast contemporary living this home truly has it all. Located on a quite cul-de-sac in one of Powell River’s most desirable neighbourhoods this 6 bedroom 4 bathroom home includes; spectacular ocean views, 19 foot ceilings, open concept kitchenand more.

3545 SELKIRK AVENUE $1,750,000

SERVICED BUILDING LOT! This level lot in the new Edgehill Crescent development in central Westview is ready for your new home. CD4 - RS3 zoning allows single-family home, plus suite and carriage home on this 57’ x 90’ serviced lot.

Large commercial building and high-exposure lot is home to the beloved Granada Restaurant, a proven success, is now offered for sale in this fabulous high-exposure location in the historic Townsite.

LARGE COMMERCIAL BUSINESS/BUILDING 6249 MARINE AVENUE $988,000 MLS®16190

5 BEDROOM, 2 BATH, 4,009 SQ FT

D L SO

ESTATBLISHED TURN-KEY RESTAURANT! Snickers Pizza Bar has been operating continuously for 27 years. Great exposure on the seaside downtown, well-equipped kitchen and bar, open dining experience, and amazing potential for new revenue streams

Your chance to step into a successful turn-key restaurant. Magpie’s Diner, a Powell River Institution, is for sale! This popular local eatery is the go-to lunch and breakfast spot! Favourable lease, fullylicensed, profitable turn-key resto is an ideal opportunity to run your own business.

4591 MARINE AVENUE $350,000 MLS®16500

6762 CRANBERRY STREET $150,000 MLS®16560

First time to the market, this meticulously kept home is situated on a fully-fenced corner lot with mature fruit trees and gardens. New vinyl windows, fully covered sundeck, closed in garages, and a metal roof are just a few of the recent upgrades. Interior upgrades include a brand-new custom kitchen with quartz countertops, solid wood cabinets, and high-end appliances.

6401 SETON AVENUE $739,900 MLS®16644

604 223 5674 joshstatham.com

14 | REAL ESTATE MAGAZINE JULY 2022

NOW OFFERING PHASE 3

6900 BURNABY STREET Luxury ocean-view condos starting at $599,900 Every unit in Phase 3 comes with full appliance package, stone counters, natural gas fireplace, range and bbq hookup, and in-floor heat.

PHASE 2 NEARLY SOLD OUT!

For more information visit joshstatham.com/suncoast-estates

WELCOME TO THE TEAM Justin Sparks

After living in Victoria and on the Island for the last 19 years, Justin has recently moved back to Powell River, where he originally hails from. As a recently licensed agent, Justin comes to 460 with an extensive background in business, hospitality, and event management. He also has his own professional photography business: Justin Sparks Photography, once a pastime turned successful business venture. Justin has a passion for helping his clients find their dream homes.

Specializing in residential property sales, he owns multiple properties and brings a variety of specialized skills, including extensive knowledge of the Powell River area. With a keen eye for detail, and a strong determination to see the end result for his clients, Justin is here to tackle all your real estate needs on the Sunshine Coast. When he isn’t working in real estate, you can find Justin surfing, playing hockey, mountain biking and taking photos. Most of all, he enjoys spending quality time with family, friends and loved ones…and his dog Lana.

250 589 6181• jsparks@460realty.com

Jasmine Brown

Jasmine was born in Taiwan and immigrated to Canada with her family in 2011. She spent most of her adulthood between the Lower Mainland and Victoria. In 2021, Jasmine and her family moved back to Powell River from the Lower Mainland and started a new chapter of their lives here on the Sunshine Coast. Jasmine’s passion for real estate started in her pre-teen years when she visited many show homes with her family. Her love for detail and serving her community were planted in her heart then. From her previous work experience, she has learned to keep her cool in the most stressful situations, to be resourceful and how to work well within a team. She is not only eager to help your family find your ideal home in this paradise, she is committed to have your best interests in mind at all times. Jasmine is your “go-to” agent of choice for the Powell River area! When she isn’t hustling for her clients, Jasmine enjoys cooking up a feast, baking, spending time with her pets and making new friends. She is dedicated, detail-oriented and ready to go.

604.344.5567 • jbrown@460realty.com

REAL ESTATE MAGAZINE JULY 2022 | 15

V at 4 isit our s 561 M how arine room Aven ue

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16 | REAL ESTATE MAGAZINE JULY 2022

BCREA: Higher mortgage rates will slow housing activity through 2023

Br it ish Colu mbia Rea l Estate Association (BCREA) released its 2022 Second Quarter Housing Forecast Multiple Listing Service residential sales in the province are forecast to decline 22 per cent from a record high 2021 to 97,240 units this year. In 2023, MLS residential sales are forecast to fall an additional 12.4 per cent to 85,150 units.

“After a strong first quarter, BC markets are now adjusting to a much different interest rate environment,” stated BCREA Chief Economist Brendon Ogmundson, in a media release. “With mortgage rates surpassing 4 per cent for the first time in over a decade, the housing market over the next two years may have very little resemblance to the housing market of the past year.

“On the supply side, we have begun to see active listings move off of record lows and resale inventories trend back toward balance. However, because inventories reached such low levels over the past year, the jour-

ney back to balance may take up to a year or more in some areas. As mar-

kets adjust to the new interest rate landscape, we anticipate that prices

may be somewhat volatile but will ultimately flatten out through 2023.”

Are you thinking now is the right time to sell?

Call Max for a free home evaluation and get MAXIMUM dollar for your home PAGE 20

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REAL ESTATE MAGAZINE JULY 2022 | 17

Thinking of selling your home?

105-4580 JOYCE AVENUE $389,900 2 Beds | 1 Baths | MLS® 16650

7030 TAHSIS STREET $639,900 3 Beds | 1 Baths | MLS® 16616

LOT 33 EDGEHILL CRESCENT $259,900 Vacant Land | MLS® 16540

Pride of ownership is evident through out this well-maintained meticulously clean condo. Updates include newer appliances, hunter douglas blinds, newer light fixtures & updated bathroom. Another fantastic bonus is the potential of a second bathroom in the spacious laundry room with plumbing already in place.

METICULOUS RANCHER. This move -in ready home has 3 bedrooms, 5-piece bathroom with a jetted tub and a separate walk in shower. Spacious one-level living has a bonus room perfect for an office, craft room or second living space.

Updates include gas furnace, woodstove, kitchen appliances, paint and much more.

CENTRAL BUILDING LOT Edgehill Crescent is Powell River’s newest subdivision! This level lot is located close to hospital, trails, shopping, restaurants, rec centre, and school.

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18 | REAL ESTATE MAGAZINE JULY 2022

Mortgage interest rates are rising – a few key reminders and what you can do Jeremy Garth As we have all seen in the news, we are now in a rising rate environment for mortgage loans. While many of enjoyed historically low borrowing costs since the outset of the pandemic, it is important to remember a few key items regarding current and future mortgage rates. The first is that the interest rates Canadians saw during the pandemic should be treated as an anomaly, and not the norm/ expectation, so it’s important to have that mindset when comparing to today’s rates. As well, if you are one of the many Canadians that either purchased a home or refinanced during the pandemic, you were most likely qualified for carrying that mortgage if you had an interest rate of 5.25% or higher. As per the B20 guidelines put in place in 2018 for insured mortgages, and later for conventional mortgages, all borrowers whose mortgage is with an OFSI compliant bank/ lender (or with a lender who chooses to follow these guidelines) have to be qualified to carry the mortgage at the greater of the Bank of Canada’s

4609 COOK AVENUE $549,000 MLS®16621 3 bdrm • 2 bath

G E T

Benchmark rate (currently 5.25%) OR your mortgage contract rate + 2%.

This means that you would not have gotten the approval for your existing loan unless your bank could prove that you were able to pay for the mortgage with a much higher interest rate. Regarding rates themselves, if you are currently in a fixed-rate mortgage, you do not have to worry about your mortgage payment or rate changing through your current term. Fixed rates are also based on Canada’s bond market, not the Bank of Canada’s Prime Rate, so if you currently have approval for a fixed rate you do not have to worry about whether or not a Prime rate increase will affect your approval. Lastly, we come to those in a variable/adjustable-rate mortgage. If you are one of these Canadians, you have a lot of flexibility with your mortgage. While it’s best to speak with your bank or a mortgage professional about those options, some of them may include setting a higher payment rate than the minimum to offset any future rate increases, locking into a fixed rate (typically based on today’s fixed

6418 SUTHERLAND AVE $599,900 MLS®16393

I T

3 bdrm • 2 bath

rates) at no cost provided the term is equal to or greater than the term you have left until your renewal, or if you are looking at possibly downsizing to another home with a smaller mortgage, or refinancing to consolidate some higher interest loans or increase your amortization to lower your payments if you are in a variable/adjustable-rate mortgage you should only have to pay a 3-month simple interest penalty calculation to break it early (typically calculated at either your current contract rate or the bank's prime rate, multiplied by your mortgage balance, and then divided by 4) which means you won’t incur a large Interest Rate

5840 WILLOW AVENUE $579,000 MLS®16515

R I G H T

4 bdrm • 2 bath

T H E

Differential penalty you sometimes find when you have to break a fixedterm early.

Always remember that if you have concerns or questions about your current mortgage and how rising rates may affect you or your future plans, your best bet is to reach out to a mortgage professional who can help guide you through your options and provide education on the mortgage product you have today or the best product for your future goals and needs.

-Jeremy Garth is a mortgage broker in Powell River.

37-5455 BORDEN PLACE $269,900 MLS®16553 3 bdrm • 1 bath

F I R S T

9350 MALASPINA ROAD $999,000 MLS®16639 3 bdrm • 2 bath

T I M E

Top of the line Photography 360° Virtual Tours and Floor Plans

Curtis Yungen

P O W E L L

R I V E R

4545 MARINE AVENUE

604.483.1668 • curtisyungen@live.com • curtisyungen.ca

REAL ESTATE MAGAZINE JULY 2022 | 19

BARRISTERS, SOLICITORS & NOTARIES PUBLIC Real Estate & Property Development • Corporate & Business Law Wills, Estates & Estate Planning • Divorce / Family Practice / Mediation Criminal Law • ICBC Claims • Litigation & Civil Disputes • Employment Law

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Build your dream home on the coast

GRIEF POINT

SAVARY ISLAND

LOT 1 CORTEZ AVENUE | $395,000 | MLS®16537 This South facing property offers panoramic ocean views of Malaspina Straight Texada Island, Harwood Island, and the snow capped mountains of Vancouver Island. The .23 acre lot is located in the prestigious Grief Point neighbourhood with Powell River municipality and utilities area underground giving you an unobstructed view.

Lot is only 1/2 block from the public beach and Grief Point Park. Lot has been cleared of organics and filled with 3” crush rock and connected to the storm sewer. The property is a good investment/holding property as well as being an ideal location to view the sunsets off the deck of your dream home.

1613 VANCOUVER BLVD | NEW PRICE $170,000 | MLS®16385 Savary Island is one of the most beautiful Islands in the Salish Sea (Strait of Georgia), a simple 10-minute water taxi from Lund, BC. Gorgeous white sandy beaches, bleached from the enormous amount of sun the island gets and blessed by it's very temperate climate. Not many properties left on the island to build that fantastic family retreat. You might be thinking it's time to leave the city behind and live full-time on the island ... many do already! Whatever your desire, this little piece of heaven is ready for your wonderful dreams. Tucked away in the forest is this undeveloped inland lot 50x250, with easy access to beaches & all Savary Island has to offer.

Nancy Hamilton Realtor®-Lifestyle designer

604.849.5777

nancy@nancyhamilton.ca

It’s an exciting time and I’d love to be a part of your experience! If you are considering the sale of your home, give me a call and we can chat next steps.

20 | REAL ESTATE MAGAZINE JULY 2022

Westcoast Home Inspections On your side, always

RESIDENTIAL AND COMMERCIAL INSPECTIONS INFRARED THEROMOGRAPHY • AND MORE Putting our knowledge to work for you, providing extensive professional insights into the nature of a home’s construction—including valuable information about potential defects, safety issues, and home maintenance recommendations.

604.889.3905 | jay@wchi.ca

westcoasthomeinspection.ca Jay Semple, licensed home inspector 25 years construction trades experience

IS YOUR MORTGAGE COMING UP FOR RENEWAL THIS SUMMER?

If you are planning on purchasing, refinancing, or renewing your mortgage in the next 6 months, it would be a good idea to speak with a mortgage professional sooner rather than later in order to discuss whether or not it’s possible to get a rate hold for your upcoming plans. A rate hold is typically valid for 90-120 days and in a rising interest rate environment, 90-120 days can make a big difference in the rate you could have had vs what you end up with for your new mortgage term. Keep in mind that even if your renewal isn’t until the end of the year, by having this discussion now you could end up with a lower rate then if you have the conversation in 3-4 months time. The best part is that if rates decrease between now and your expected renewal/closing date on the product you’ve chosen, your mortgage professional should be able to ask for that lower rate, so it works out to be a win-win for you! If you would like to chat further about what options are available for your upcoming mortgage plans, Jeremy Garth at Zipp Mortgage is happy to help. With eight years of mortgage industry experience under his belt, he can help you put together a plan for your mortgage so you can be confident that your current and future goals and needs will be met.

5 Year Fixed: 4.79% APR* 5 Year Variable/Adjustable: 2.70%* APR**

Quoted rates are as of today, May 18, 2022, and subject to change. *Fixed Rate offer subject to qualification and approval /application meeting mortgage product criteria. **Variable/Adjustable rate based on a discount off of the Prime Rate of 3.20% (3.20% - 1.55% = 2.25% APR) & subject to qualification & approval/application meeting mortgage product criteria.

JEREMY GARTH Mortgage Broker 604.223.9401 jeremy@zippmortgage.com zippmortgage.com

REAL ESTATE MAGAZINE JULY 2022 | 21

104-4580 JOYCE AVENUE $399,900 2 BED | 1 BATH | MLS® 16579

In contrast to residential real estate, which relies on the multiple listing service MLS® and other useful tools, commercial real estate is often transacted by way of exclusive listing agreements and ‘off market’ opportunities. These approaches are usually preferable in order to maintain client confidentiality and business continuity.

For a confidential conversation about your commercial, industrial or multiresidential real estate requirements (purchase, sale or leasing), please contact Nick Bodie, during business hours at 604.353.9468.

Move-in-ready ground floor condo. Bright and sunny living room opens to a lovely patio with outdoor storage and privacy hedges.

Dining room leads to a nicely laid out kitchen with some recent appliances, breakfast bar, plus a pantry directly across the hall. Master bedroom is large with a walk-through closet to full bath, and a second bedroom next to it. Single level home is nicely finished, newly painted with a spacious laundry room. A great location, walking distance to shopping, restaurants and all services.

5372 HAMBER AVENUE $729,000 5 BED | 4 BATH | MLS® 16628

Income opportunity! Located on a quiet nothru street this home has a two bedroom, 1.5 bath and a three-bedroom 1.5 bath suite. Each side offers its own unique layout, private level backyard to play and the barn/ workshop can be restored. Front suite is rented at $1,400/mth, back suite is vacant with new flooring and a fresh coat of paint.

Custom floor plan has a variety of multi purpose spaces, unique and attractive this home is ready for you to move.

Give me a call

2021

604 483 1568

carlamckamey.com

carlamckamey@royallepage.com

NEW PRICE

1248 SAVARY ISLAND RD $529,900 MLS® 16127

1408 SAVARY ISLAND RD $525,000 MLS® 16055

2950 MALASPINA PROMENADE $2,999,000 MLS 16427 ®

For more information on Savary Island and these spectacular properties visit us at:

savary.ca

SAVARY ISLAND REAL ESTATE 604.483.3218 “We live here” Rick Thaddeus 604.414.3947 | Todd Habekost 604.223.1494

22 | REAL ESTATE MAGAZINE JULY 2022

WOULD YOU LIKE TO BE A PART OF THE REAL ESTATE MAGAZINE?

Thinking of selling your home?

NEW

VOLUME 1 • ISSUE 6 • JUNE 2022

Upper Sunshine Coast: qathet region, Powell River, Savary Island, Texada Island

REAL ESTATE M A G A Z I N E

I can help.

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REAL ESTATE MAGAZINE JULY 2022 | 23

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24 | REAL ESTATE MAGAZINE JULY 2022

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NEW LISTING 6982 Penticton St $869,000 MLS 16640

NEW LISTING 4069 Manitoba Ave $874,000 MLS 16587

LISTING AGENT: KAIT MELVIN

LISTING AGENT: KAIT MELVIN

SAVARY ISLAND 1610 Vancouver Blvd Savary Island $1,199,900 MLS 16443

TEXADA ISLAND 5139 Prospect Street Texada Island $399,000 MLS 16554

LISTING AGENT: KAIT MELVIN

LISTING AGENT: KAIT MELVIN

PRICE IMPROVEMENT 6953 Duncan St $549,900 MLS 16591

NEW LISTING 5619 Manson Ave $569,900 MLS 16620

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LISTING AGENT: MAGDA DEININGER

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5746 Willow Ave $499,900 MLS 16592

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