VANCOUVER EASTSIDE Jan 30, 2015 Real Estate Weekly

Page 1

FRIDAY, JANUARY 30, 2015

VANCOUVER EASTSIDE

info@rew.ca • 604-435-7977

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, financing and comparative properties in your area.

R E A L E S TAT E W E E K LY

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Exercising your Options When are Condo Amenities a Good Investment? If you’ve purchased a fancy gym membership for 2015 and are already finding it hard to stick to your new regime, you may have wasted a lot of cash. But what if your fitness centre was in your building – would you get better value? Amenities in today’s new condo market have reached new heights, with full-size fitness centres, pools, rooftop patios with barbecues, lounges with chef’s kitchens, guest suites and other common-use areas expanding your home beyond its four walls. Developers are selling more than just homes – they’re selling a lifestyle. But amenities don’t come for free – they can add to your purchase price and strata fees. So when is it a good idea to purchase a home with lots of extras and when are you better off sticking with that local fitness centre membership? Hani Lammam with Cressey Development Group advises buyers to purchase homes where there are as many amenities as possible – provided they can afford the asking price and the associated strata fees. “There is a maintenance cost associated with amenities,” he says, “but they can also protect your resale value.” Cressey is currently conducting presales on Beverley in White Rock, which will include a two-storey club featuring a fitness centre, steam room and pools. The development also includes a lounge, guest suite, garden, patio and playground. “It’s difficult to say how much the fitness centre adds to the [purchase] cost of each unit at Beverley,” says Lammam, “but it’s a very small percentage because it is spread out among all the owners. It’s likely less than five per cent. In terms of additional monthly fees, it depends on what’s included. ‘Wet’ amenities, such as hot tubs and pools, can add 15 per cent to your strata fees.” With the price of a high-end annual gym membership running around $1,000, taking that hit to your monthly strata fees can be a good investment,

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REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE

according to Katie Dunsworth-Reiach, personal finance expert and co-founder of Smart Cookies. Strata fees for larger units run around $5,300 a year, with 15 per cent (about $800) paying for amenities. That’s substantially less than a private club. And with an estimated 60 per cent of annual gym memberships purchased in January going unused by mid-February, Dunsworth-Reiach notes it is also important to consider longterm value. Cressey isn’t alone in offering a wide array of amenities to attract potential buyers. Shato Holdings and Talisman Homes’ Tsawwassen Springs will include a golf course, wellness centre and clubhouse. The developers aim to keep strata fees low by using a pay-as-you-go system for things like green fees and the fitness centre. In downtown Vancouver, the 333unit Tate Downtown by the Bonds Group of Companies will offer residents a concierge, a private theatre, lounge, billiards room, library, yoga and pilates studio and fitness centre.

Ask the Expert: What are the Dangers of Older Homes?

And the owners at Anthem Properties’ Station Square in Burnaby will enjoy almost an acre of elevated private green space along with community garden plots, a Tai Chi area, a fully-equipped gym and yoga studio, steam room and infrared sauna, plus a lounge with a gourmet kitchen and shared electric cars. Empty-nesters downsizing from detached homes to condos can find amenities especially appealing – and cost effective. With a guest suite in your building, there’s no need to spend extra

Condo of Cards: Strata Councils and Political Masterminds

on a unit with an additional bedroom. Common areas such as lounges and kitchens provide entertainment spaces for larger events, something your new living space may not allow for. “Amenities add to the value of your home and can save you money,” says Dunsworth-Reiach. “Buyers need to determine what these add to the strata fees and compare that to their bottom line.”

BC New Home Building Investment up 11%: StatCan


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R E W.ca » VA N COU V E R E ASTS I D E » F R I DAY JA N UA RY 3 0, 2 0 1 5

2021 East 5th Ave. $1,449,000

918 Salsbury Drive $1,679,000

LARGE VIEW PROPERTY! Solid home on rare 49.5 ft RT4 view lot in Commercial Drive. Outstanding vistas to downtown & mountains will make this wide lot one of The Drive’s premium properties to come to market this year. Main floor hosts wood & cork flooring, living room with fp , 2 bedrooms, laundry, open kitchen, dining room & a den with views that will take your breath away. Previous owners had staircase leading to 2 rooms on top floor that can be reinstalled (currently drop down stairs to storage). Lower level is a large vacant studio suite with excellent ceiling height & separate laundry. Many mechanical updates done in the last decade. Home has 2 car garage, private yard, patios & deck with wicked views. A Commercial Drive gem!

1827 East 7th Ave. Stylish side by side 3 bedroom 1/2 duplex on sought after East 7th Ave in The Drive now available! Feel the Feng Shui as you stroll through g the front door to find a bright, open main level. The living space with cozy fireplace oopens to powder room, dining area & kitchen. The family room with French doors leads to the fenced backyard with sundeck & hot tub for lots of family fun. The 2nd floor vaulted ceilings, ensuite bath & south hosts a sunny master with vau large bedroom, laundry & full bath facing Juliet balcony. Another la complete this level. The top flooor has a bright 3rd bedroom with skylights. With sunny front yard /garden, radiant infloor heat, crawl space & single garage, this truly trul is a great home for the growing family!

STUNNING! Situated on a historic block, this will be one of the most spectacular character homes for sale in East Van this year. Enter foyer to find spacious main lvl with wood flrs, custom millwork & mouldings. Take in views from your living rm or enjoy a meal in formal dining area adjacent to the stunning custom kitchen with skylights, top-of-the-line appliances & access to S-facing deck. Mid lvl hosts 2 big bdrms, large den (easily made a 4th bdrm), an exquisite bath & massive balcony with views to the mountains, downtown & ocean that will take your breath away! Top level has elegant master suite with open den, ensuite spa & epic vistas. Lower level: 1 bed suite & shared laundry. South facing patio, gardens & garage too. BEAUTIFUL!

SOerLaDsking

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SNEAKY PEEK THURSDAY JANUARY 29TH 6-7 PM OPEN HOUSE SATURDAY JANUARY 31ST 2-4 PM

ABOVE THE CROWD! 20 Years experience combined

JIN BAGRY 604-644-0495

SAM BAGRY 604-761-1664 CALL US FOR A FREE HOME EVALUATION

www.vancouver-homes-on-sale.com

Top 1% of all Greater Vancouver Area Realtors, Over 110 Homes SOLD in 2014 NEW LISTING

$768,000

LOT 29X89.6 Completely renovated character home! Electrical and plumbing updated 2 suites below, new paint inside and out. New floors, windows, kitchens, 4 washrooms

NEW LISTING

$1,088,000

LOT 49X105.66

956 E 54TH AVE. • • • •

NEW LISTING

$1,888,000

LOT 66X101 4937 BELLEVILLE AVE. • Built in 2008, 7 bedrooms, 7 bathrooms • 4,373 sq.ft., 3 storey, sec. system • Top of line appliances • 2 master bdrms, A/C & HRV systems

S OneLdDay

in o

1032 E. 61ST AVE. $978,000

$1,088,000

LOT 45X105.61

4493 ATLIN ST. • 1965, 7 bdrms, 3 1/2 baths, 2,400 sq.ft. • Renfrew Heights area, renovated 2003 • Selling together with 4475 Atlin St. • Close to 29th Skytrain St. and across park

NEW LISTING

NEW LISTING

$2,528,000

LOT 41'7X141.888 6977 KILLARNEY ST. • 7 bdrm house over 4,000 sq.ft. 6 bathrooms • 700 sq.ft., 1 bdrm laneway house • Theater room, top line appls., jetted tub • Wok kitchen. 2-5-10 NHW

• 1965, 8 bdrms, 4 bathrooms, 2,400 sq.ft. • Renfrew Heights area, renovated in 2013 • Selling together with 4493 Atlin St. • Close to 29th Skytrain St. and across park

$899,000

LOT 8,775 SF 2480 SE MARINE DR. • 4 bedrooms, 4 bathrooms • Potential suite on main • 1825 sqft living space • Central location

T S U T J S JU LskD O D S ing L A r SO e v o

2886 E. 23RD AVE. $938,000

$1,449,000

NEW LISTING

320 E. 65TH AVE. $945,000

• 2014, 6 bdrm, 5 bath, 2586 sq.ft. home • 3 level house in the heart of South Van • 1 bdrm unauthorized suite down • 2 bdrm, 750 sq.ft. laneway house

JUST LISTED

$995,000

779 E. 61ST AVE. • Vancouver Special facing south • Great view of Richmond • 5 bdrms, 3 baths. New kitchen, washroom • double glazed windows

$625,000

NEW LISTING

CAMBIE

• Mountain view lot facing north • Hold and build your dream home later • 1900 sq.ft. house currently tenanted • 5 bdrms, 2 baths. No Oil Tank-Scan done.

$1,299,000

LOT 8,775 SF 2488 SE SE MARINE DR. • 8 bedrooms, 6 bathrooms • Potential 2 suites in bsmt • Steps to new River District waterfront

• • • •

885 sq ft condo 2 bedroom, 2 bathroom, corner unit Insuite laundry, electric fireplace, 1 parking Pets and rentals allowed with restrictions

NEW LISTING

$788,000

LOT 53x130

#412 997 W. 22ND AVE.

3330 SEAFORTH DR.

$899,000

LOT 33X124

• Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit

LOT 47X109.38

NEW LISTING

NEW LISTING

4650 McHARDY ST.

1080 E 55TH ST.

NEW LISTING

$888,000

VAN EAST

LOT 33X110.22

4475 ATLIN ST.

NEW LISTING

NEW LISTING

$849,000

VAN EAST 395 E. 57TH AVE. • Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit

7888 16TH ST. • • • •

Brand new 1,790 sq.ft. 1/2 duplex 4 bedrooms, 4 bathrooms, south facing lot Close to Stride elementary school 2/5/10 year house warranty

NEW LISTING

$999,000

VAN EAST 732 E. 51ST AVE. • Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit


R E W.ca » VA N COU V E R E ASTS I D E » F R I DAY JA N UA RY 3 0, 2 0 1 5

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Over 35 years of experience in selling and custom building houses in B.C. 15 years Diamond Master Medallion Club Member, Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.

Top New Home Construction Award Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.

Diamond Master Medallion

MASTER

BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.com Vancouver East, South Van. Presale, Build to Suit 66 E. 56 Ave., Vancouver NEW LISTING

$1,650,000 - Great location s, West of Main Street

- HRV and alarm system, - Beautiful landscaping, fencing

Vancouver East, Killarney 407-1958 E. 47 Ave.

North Surrey, Whalley - Potential Huge Lot for Development 10362-142 St. and 14227 103A Ave. NEW LISTING

$369,000 - Upper Floor unit in Killarney, close to David Thompson School - Converted into 3 bedrooms, open layout, high ceiling - Spacious kitchen, living area - Insuite laundry, Don't Miss!

$1,800,000 - Two

huge lot combine together approx. 25,000 square

at corner of the street DEVELOPMENT - onLocated heart of North Surrey - Commercial & Residential SITE zoning - Existing is an old house on the property for development

- Buyer to provide their own plan and colour choice are welcome.

Vancouver East, Renfrew, Presale, Build to Suit 2737 Kitchener St.

www.JulianaHo.com Juliiho@gmail.com

R E A LT Y

- 3 storeys 2600 sf house plus 550 sf Lane Way House - Granite counters, moulding, engineering hard wood floors, maple or solid wood kitchen cabinets, alarm

JULIANA HO 778-869-9688

ROYAL PACIFIC

Vancouver East, Renfrew - Presale - Build to Suit 2 storeys plus LWH 3058 Grant St.

$1,588,000 - 3-storey 3000 sf house associated with 650 sf Laneway House near Renfrew

Burnaby, Central Burnaby - 1/2 Duplex, Back Unit 5977 Woodsworth St., Burnaby

$1,398,000 - A fantastic build 2 storeys 2260 sf house plus 650 sf Laneway House

- Granite counter top, engineered hardwood floor - Inter-telecom, HRV system, heating exchanger, radiant heat - Fenced garden, single garage - Buyers are welcome to provide their own floor plan

$599,000 - One year new 1200 sf Back Unit 1/2 Duplex - Functional layout, 2 bedrooms + bathroom up

- 4 bedrooms on main floor and 3 bedrooms (2 suites) at below floor

- 2 bedrooms + 1.5 bathrooms at main floor w/ separate entry, single garage

- Granite counter top, maple wood cabinets

- 2 kitchens, granite counter, maple wood cabinets, hardwood floor.

- Radiant floor heating, HRV and security system - Single garage

“Your East Vancouver Real Estate Experts!” Personal Real Estate Corporation

BUILDER’S ALERT IN RICHMOND 5551 WILLIAMS RD.

$828,800

Large 60ʼ x 150ʼ lot with 3 bdrm family house. Within walking distance to Jessie Wowk Elementary, London Secondary & Richmond Christian Schools. N Nice layout & huge yard. Bring your renovation ideas, hold and rent or build your dream home.

TOP FLOOR QUIET & WEST FACING 1 BDRM at THE BREEZ #404-1990 Dunbar St.

$329,900

For the 1st time on the market in 12 years, is this very attractive, renovated and efficiently laid-out, West-facing (quiet), top floor, 1 bdrm suite at The Breeze. North of 4th & nestled among restaurants, cafes & grocers, youʼll not shy away from entertaining family & friends.

RARELY AVAILABLE CAMBIE CORRIDOR 50’ X 131’.84 305 W.16TH AVE.

$2,388,800

Located in Cambie Village, this is a fabulous development lot in RT-5 zoning. The house has good bones and some character but is not currently habitable. It was previously used as a 3 legal suite income property with 2 legal addresses (also 3131 Alberta St.).

3 BEDROOM TOWNHOUSE WITH VIEWS IN AMBLESIDE. 1748 Duchess Ave.

$799,900

Rarely available 3 bdrm townhouse in the heart of Ambleside! Nestled in a quiet cul-de-sac, this 1,906 sq.ft end unit is a blank canvas awaiting your personal touch. The top floor offers 2 bedrooms, one of which being your very large master bedroom & balcony offering views of Stanley Park & Lions Gate.

L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t y Medallion Club - Top 10% of Realtors in Greater Vancouver Photos & Visual Tours at: www.lisamacintosh.com Email: lisa@lisamacintosh.com Tel: 604-263-1144


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R E W.ca » VA N COU V E R E ASTS I D E » F R I DAY JA N UA RY 3 0, 2 0 1 5

Over 33 years of proven results and consistently in the top 1% of the real estate industry. Lorne Goldman ranked #3 in Sales according to the Real Estate Board of Greater Vancouver.*

LORNE GOLDMAN 604.315.8888

Personal Real Estate Corporation rporation

lorne@vancouverresidence.com *as of May 6, 2014

www.vancouverresidence.com


R E W.ca » VA N COU V E R E ASTS I D E » F R I DAY JA N UA RY 3 0, 2 0 1 5

378 E. 59th Avenue $1,225,000 y wa

778.846.7100 homes@matthenry.ca

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32 E. 17th Avenue $1,878,000

Accepted Offer Charming Unique Character house with custom built laneway home. Enjoy your private fully fenced South facing back yard with large deck. From the moment you enter you will see this well maintained 1950 sq.ft. home and well laid out 607 sq.ft Laneway house. Check out the VIDEO at laneliving.ca

We specialize in buying and selling homes with Laneway homes!

“UNICORN” This beauty is a rare find, 4 level character home that was completely gutted to the studs in 1982. With 3934 SF & 42x116 Sf lot this property has a lot to offer. Keep it as a revenue generating home or convert to a family house with a couple suites. Showings by appointment.

Cell: 778-846-7100 Office: 604-714-1700 www.matthenry.ca

778-846-7100

WWW.LANELIVING.CA

SUKI BAHI PERSONAL REAL ESTATE CORPORATION

604.219.9523

Sutton Group Westcoast Realty™

Ramnik Dhaliwal 778.239.0952

Roger Johal 604.833.5162

ramnikd@sutton.com

rjohal@sutton.com

7547 Cambie St., Vancouver, B.C. V5S 1J9

westcoast realty 604.257.8888

HOT NEW LISTING $409,900 #2-2560 Kingsway, Vancouver

Open House Saturday-Sunday 2-4 6972 Doman Street

KILLARNEY/CHAMPLAIN HEIGHTS

-

Townhome complex only 4 units Collingwood Area 2 bdrm/2 bath/den Townhome Balcony and Solarium 1 parking and storage 1055 sqft Low main fees Call for private showing OPEN HOUSE SUNDAY FEBRUARY 1ST, 2-4 PM

* * * * * * *

3508 Malta Ave. * 41 x 110 Corner Lot * 3200 sq.ft. House * 3 level plus laneway house * $1,800,000

5455 Slocan St. * 50’ x 104’ lot * RT-11 * Side x side brand new duplex * 3 storey * Each side of duplex $968,000 * 2000 sq. ft. each side * Build to Suit

3339 East 26th Ave. * RS-1 * 33’ x 98.5’ lot * 3 Level + Laneway * 2278 sq. ft. + Laneway * Build to Suit. $1,499,000

Brand New Custom Built 3895 sq. ft. house 7 bedrooms / 7 bathrooms 3 storey 41.5 x 132 Laneway house (1 1/2 level) $2,248,000

1875 SE Marine Drive * 68.4’ x 171’ lot – over 1/4 acre * 3182 sq. ft. livable house * $1,378,000 * Build to suit or will sell outright

6311 Marine Dr - Burnaby * 86’ x 95’ lot * R-5 * Build side x side 2000 sf each side * $799,000 each side brand new duplex * Build to suit

2438 Gravely St. * 40’ x 112’ lot * RS-5 * 3 Level + Laneway House * Custom build 3200 sq.ft. * $899,000

2340 East 33rd * RM-7 * 33’ x 115’ lot * Custom build duplex * 1423 sq. ft. each side * Has nice livable bungalow on it * $899,000 land

2839 Grant St. * 33’ x 127’ lot * RS-1 * 3 level with Laneway * Close to 3000 sf + Laneway * $1,700,000

PLUS MORE LOTS AVAILABLE!!


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R E W.ca Âť VA N COU V E R E ASTS I D E Âť F R I DAY JA N UA RY 3 0, 2 0 1 5

NORM FLOCKHART

PREC

(604) 261-7275

.com

www.

OUTSTANDING AGENT

Member of 2013 MLS Medallion Club

604-275-9787 patsy@patsyhui.com

$1,097,000

... OUTSTANDING RESULTS

152 Sales in 2014!

• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER

WESTCOAST

CHILDCARE CENTRE + PROPERTY

D L O S

$1,168,000

PANORAMIC VIEWS! THE BEST OF KENSINGTON! Marvelous mountain & downtown vistas from this 2 1/2 storey home! 2 BRĘźs & full bath on main. Blg rec. rm up w/access to a full-width view deck. Suite potential down. Beautiful 49.08Ęź x 110.19Ęź lot on a non-thru st. 1362 E 36th Avenue, Van.

www.normflockhart.com

www.dexterrealty.com

604-263-1144 Kerrisdale

604-336-3539 Main Street

604-689-8226 Yaletown

$899,800

PRIME SOUTH FACING LOT 3336 E.25TH AVE.

$799,000

Quiet Renfrew Heights lot w/ South facing backyard. Suitable for holding and prime for building. Call today for more

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2240 EAST 8th Ave. Located in a popular Grandview neighbourhood on a south facing 33 x 127 lot this is a great starter home or development property. First time on the market since 1958 this home has been lovingly cared for over the years. Close to shopping, schools and transit. By appointment only. Don’t miss this opportunity!

Find your expert Real Estate professional right here in REW.ca!

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details and showings. www.thegoteam.ca.

OWNER RETIRING! RARE GOLDEN OPPORTUNITY to own this FULL-DAY CHILDCARE CENTRE business & property in the most DESIRABLE LOCATION in PORT COQUITLAM. This 1997 built 5329 sqĘź LIVE/ WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqĘź+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/ AFTER SCHOOL care programs business is on a 5635 sqĘź CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.

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R E W.ca » VA N COU V E R E ASTS I D E » F R I DAY JA N UA RY 3 0, 2 0 1 5

NOW SELLING The Black+Whites on Foster Avenue are classic, light-filled three-storey townhomes in West Coquitlam. You get your own front door, your own yard, attached parking and renowned Intracorp scrutiny of every last detail – at a price that you can afford. And homes are ready for you to move in now. Don’t you wish all decisions in life could be so black+white? Visit our two fully furnished display homes today. MOVE IN READY 3 + 4 bedroom townhomes 1230 - 1610 square feet PRICED FROM $515,000

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VANCOUVER EASTSIDE

FRIDAY, JANUARY 30, 2015

Looking for a new home? Start here.

R E A L

E S T A T E

W E E K L Y

KERRISDALE GARDENS IS IN THE HEART OF ONE OF THE CITY’S MOST DISTINGUISHED NEIGHBOURHOODS Real estate in Vancouver’s tony Westside is hard to come by. One of the most exciting and luxurious Boutique Developments to be built in the heart of this prestigious neighbourhood is Kerrisdale Gardens. In one of the best postal codes on Vancouver’s Westside, Kerrisdale Gardens is an exquisite collection of 27 Designer Residences, featuring two bedroom terraced suites and one bedroom, den and flex space condominiums. Behind the Kerrisdale Gardens are the award-winning European-influenced designers from Riesco & Lapres. “For years, Riesco & Lapres has been beautifying the homes of Kerrisdale residents in ways that speak directly to the heart,” says Charan Sidhu of Otezs Project Marketing. “They know the subtleties of what makes a home fit in this stunning neighbourhood.” In addition to its prime location, you couldn’t ask for finer finishes: nine foot

ceilings (10 foot in the penthouses), engineered hardwood flooring, luxurious wool blend carpeting, custom millwork, expansive windows to bring lots of natural light in, European-inspired epicurean kitchens and Zen-inspired bathrooms. The kitchens feature custom designed cabinetry, top-of-the-line stainless steel appliances, including a Fhiaba fully integrated refrigerator, marble countertops with ¾ edge finish and under-the-cabinet puck lighting. “While many people are currently downsizing from their large single family homes to more convenient one-level living, the suites here have been designed with that in mind,” Sidhu says. “We often hear from downsizers that they don’t want to compromise their lifestyle, especially when guests are coming. Inviting people for dinner, family and friends, many condos lack a proper dining area. This feature has been incorporated into many of the

homes without needing to entertain the highest priced or largest unit.” One of its most unique and sought-after features are the gardens on the second floor. This quiet and enchanting private oasis offers incredible outdoor space for the residences that face into this courtyard, of which there are only two left. Truly, this is one of the best outdoor havens you will find in a condominium building. The discriminating people who have already purchased a home in Kerrisdale Gardens have boasted about the access to some of the province’s top schools, both public and private, the walkability of the neighourhood and the penthouses with private garages in the underground. Each homeowner can feel safe knowing the four-storey building offers two levels of secure gated underground parking, plenty of secured storage lockers and ample bike storage. Convenience continues with two elevators for residents to

access their homes. As one of the oldest and most distinguished neighbourhoods in Vancouver you will find plenty of amenities including transit, top rated schools and recreational opportunities, all within easy walking or driving distance. Then there’s high-fashion to patisseries, gourmet cheeses to European décor, including such popular spots as Secret Garden for afternoon tea and neighbourhood favourite, the Red Onion Neighbourhood Grill. These elegant, single-family home inspired residences must be seen to be fully appreciated. The sales centre, located at 2128 West 40th Ave., Vancouver, is open by private appointment only. With only 14 available, these condominiums won’t last. Your brand new home will be move-in ready in Spring 2015. For more information or to view, call 604-559-9848, email at info@kerrisdalegardens.ca or visit www.kerrisdalegardens.ca.

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