THURSDAY, JULY 7, 2016
VANCOUVER EASTSIDE
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R E A L E S TAT E W E E K LY
Vacation Condos: Is the Summer Getaway Changing? S
ummer’s here. Long sunny days, barbeques with friends and family, vacations at the cottage: let the good times roll. But with the skyrocketing price of real estate, owning a primary residence is challenging enough for many, which means owning a detached vacation cabin is sheer fantasy. So will the recreational condo replace the traditional family cabin? Most real estate insiders say that it won’t, but that it may evolve as a new hybrid that’s part vacation getaway, part revenue property, and partly a way to transition into retirement. A condo’s biggest advantage is, hardly surprisingly, affordability. It’s also as close to maintenance free as you’re likely to find – strata fees pay for most things outside our own suite. As a bonus, you might get some fancy amenities such as pools or rooftop gardens. On the “cons” side, you’re going to be close to your neighbours – just like you are at home if you live in an urban centre. With 94 per cent of respondents in Re/Max’s 2016 Recreational Property Report
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stating that a quiet, tranquil atmosphere is key to their purchase decision, this proximity translates into a major deterrent. Then there’s the tricky question of condo zoning and bylaws. “The average person who wants to purchase a vacation home is almost certainly going to rent it out at least part of the time, because it’s the only way they can afford one,” says Anthony Bastiaanssen from Re/Max Kelowna. Tapping into online booking services like AirBnB has made this far easier than it used to be. However, most strata bylaws and many municipal zoning regulations prohibit short-term rentals – some prohibit rentals of any kind.
The Whistler Exception One notable exception is Whistler. In this year-round, outdoor lover’s paradise, a majority of homes must be rented – although specifics of those regulations vary dramatically. “If your home has Phase One zoning, you live there full time or rent it out for whatever time period you want – daily, weekly or longer,” says James Askew, president of rareEarth Project
BC Government Scraps Real Estate Industry SelfRegulation Following Report
Marketing. “The only thing you can’t do is leave it empty.” Phase Two zoning, also known somewhat infamously as condo hotels, is even more restrictive. “You can only use your property for 28 days in summer and winter, and the rest of the time it must be rented out through the hotel’s management program.”
Okanagan Options In the Okanagan, Bastiaanssen notes there are also still affordable condo properties to be found in most areas outside Kelowna, but there’s definitely increasing upward pressure on the bottom line – meaning buyers need to grab a deal when they see it. He also sees a growing trend among mature but still-working buyers. “These people are looking ahead to when they move to the Okanagan full time. They want to park their money – and perhaps earn
Main Street Named in Top 15 Coolest Streets in North America by Retail Survey
some rental revenue when they aren’t using it themselves – for when they retire.”
Island Life
In the quest for a vacation condo, Vancouver Island has become something of an oddity. True, Victoria’s condo market is booming as Metro Vancouverites cash out the equity in their home and escape to a more affordable (at least for now) setting. But like the rest of the Island, the point is these people are moving… packing up lock, stock and barrel and making a new life in a new full-time home, not using it as a weekend getaway. Looking ahead, despite the challenges, those who flex their vacation-home-buying muscles in the condo market will most likely do no worse than make an investment that appreciates over time, brings pleasure now, and could become a new lifestyle in retirement. Not such a bad thing, all round.
Much-Publicized Auction of Burnaby Teardown Fails with No Bidders Showing Up
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
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.
BALDEV SANDHU & JULIANA HO TEAM Top New Home Construction Award Diamond Master Medallion
Free Market Evaluation. Sell your house fast. Custom build your dream house.
BALDEV SANDHU 604-880-9571
NEW LISTING
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Vancouver East, Grandview
Vancouver East, Collingwood
Front & Back 1/2 Duplex
10 Duplex ready to build 2717, 2711 Horley Street
2118 Graveley Street $1,310,000 A brand new ½ duplex, is almost NEW LISTING finished at a desirable area of Grandview neighbourhood. This 2-storey, 1206 sf unit with detail finishing and mordern design; living area, dining area , kitchen, 3 bedrooms at above, 2.5 bathroom, granite counter top, single garage.
$4,800,000
POTENTIAL LOT TO BUILD 10 DUPLEX
Vancouver East, Collingwood Side by Side Duplex, 2 storey w/bsmt under construction
2359 East 41 Avenue $1,228,000
MASTER
Vancouver East, Victoria Presale, Build to Suit - 3 storeys plus LWH
2073 East 27th Avenue
NEW LISTING
Both lots together 8268 sf with 1.2 FSR. Building permit is almost ready to pick up from City Hall. Owner pay expenses up to Development Permit stage. For more information, please call Baldev Sandhu at 604-880-9571
- A fabulous South facing in Victoria area - Total area 3250 sf on lot size 33 x 118.50 - 2 storey with basement plus LWH - Granite counter top, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & choice are welcome
Vancouver East, Collingwood
Vancouver East, Collingwood
Vancouver East, Collingwood
Duplex lot for sale 5651 Earles St Vancouver
Single family in 2 storeys
SxS Duplex, 2-storey with basement under construction 5508 Dundee Street and 5502 Dundee Street
NEW LISTING
$3,200,000
5512 Dundee Street
NEW LISTING
$950,000
NEW LISTING
- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest built - 5 bdrms, living room, family room & kitchens - Granite countertop, hardwood floor, maple wood kitchen cabinets
OPEN HOUSE SUNDAY 2-4 PM
$2,250,000
- Radiant heat & HRV system, high efficiency heating system, garage
5508 - $1,263,000 Builder or investor alert! A duplex lot, RT11 zoning, lot size 60 x 117 ft, ready to build 4 duplex each 1500 sf, building plan already submit to the City for approval. Existing is an very beautiful 10 years new house. Good to keep and build later. Don’t miss!
- Fist time buyer alert! No strata fee - a single family infill in 2 storeys, - 1330 sf living area features 3 bedrooms, 2.5 bathroom, kitchen, living room - Open parking. - Don’t miss!
5502 - $1,299,000
- A quality built 2000 sf duplex under construction - 3 bedrooms above, living room, dinning room, kitchen, 2 bedroom suite in basement - 3.5 bathrooms, granite countertop, maple wood cabinets, hardwood floor, HRV system, inter-telecom - Single garage
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www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
... OUTSTANDING RESULTS
96 Sales so far in 2016!
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
$1,899,000
6-BDRM 2-LEVEL HOME
6688 CULLODEN STREET Lovely 2204 sqʼ BRIGHT & SPACIOUS family home in desirable SOUTH VANCOUVER location. 9ʼ ceiling on main floor. MAPLE FLOORING in living & dining room. MAPLE CABINETS & GRANITE COUNTERTOPS in kitchen. Gas fireplace in living room. TILE ROOF & RADIANT HOT WATER HEATING THRU-OUT. 3 bedrooms, 2 full baths on main. Downstairs has a 1-BEDROOM SUITE & 2-BEDROOM SUITE WITH SEPARATE ENTRANCE. Close to transit & schools. A pleasure to show!
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
Open 1 pm – 2 pm. Sat and Sun (July 9-10, 2016)
$365,000
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 2825 E. 43RD AVE.
$2,380,000
★ OPEN SUN 2-4PM Prime Killarney Area. RS-1 Lot. MLS R2048113 Mateen Qureshi 604-488-9874
#1306-4028 Knight Street Must see. Move in and enjoy the cityscape and mountain views. A place to call home. One bedroom plus den with North facing balcony. Super floor plan. King Edward Village. Steps to Save On Foods, TD Canada Trust, Vancouver Public Library. Only minutes to transit routes #22, #19, #25. Parking. Locker. 596 Square feet. Picture perfect! Call now.
Open 11 am - 12 Noon. Sat and Sun. (July 9-10, 2016)
CALL FOR DETAILS
$388,000
SUB-PENTHOUSE WITH AMAZING VIEW! 2 Bedroom with panoramic view of mountains & downtown! HUGE outdoor deck. Secure parking. Great opportunity for first time Buyers or investors (unlimited rentals). Fabulous Collingwood location, just one block from skytrain & shops. 1306-3455 ASCOT PL. LORI PETTIGREW & ALAN YASIN 604-649-7040
Taking our Listings Global
5168 RUBY ST
$1,458,000
★
546 & 548 E. 10TH AVE OPEN SAT/SUN 2-4PM
Brand NEW Mount Pleasant (Eric Stine designed) 4 bedroom/4 bath character home! Beautiful tree lined street, safe, secure & private setting - close to transit, great schools, hip and trendy dining, cafes & shopping all within your reach! High ceilings & top of the line fixtures & appliances - in the hip and happening heart of Mount Pleasant - close to EVERYTHING! This modern-classic home will become a place of cherished memories! DAVID YOUNG 604-263-1144
$1,328,800
$599,000
OPEN SAT 1-3PM ★ A solid and well maintained home from the 1950's. This home is in very good shape and would make a great starter home or rental investment (suite potential). A large lot size for the area (50ʼx103ʼ). Rezoning in the Joyce / Collingwood area for higher density would make this a good holding property for future redevelopment. Quiet street close to major shopping and transportation. ROBIN HILL & GRACE KREYKENBOHM 604-340-4000 778-998-4523
Tony Alves
★
OPEN SAT/SUN 2-4PM HUGE GARDEN PATIO!
• Unbeatable location! • A new life? • A new relationship? • A new baby? • Rarely available! Philip Rogers 604-808-4623
Teresa Pang
604.889.7008
$499,900
104 – 228 E14th Ave
604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
pangt@sutton.com
2084 EAST 54TH AVENUE • $1,588,000 20 0
#305-1689 East 13 Avenue Eat, play and live on The Drive. Spacious and very well maintained one bedroom plus den with an open floor plan. Extended shower room and bathroom. Enjoy the breeze from your sunny West facing balcony. Walking distance to Skytrain, Trout Lake Farmers Market and more. Parking. Locker. 852 Square feet. Call now.
MICHAEL K. CHIANG (C) 604-657-7266 Sutton Group - West Coast Realty
OPEN HOUSE PM SAT & SUN 2-4
NEW LISTING
This 2 bedroom bungalow plus a finished basement sits on the great location of Victoria Drive and 54th area. Loads of potential, renovate and build a laneway home or build a 2,263 sq.ft. home plus a 517 sq.ft. laneway on this easy to build on lot. Basement could be a nice suite with a little TLC.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
“Your East Vancouver Real Estate Experts!” NEW LISTING
$1,149,900
TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH!
1925 CRAFTSMAN BEAUTY IN THE HEART OF KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE $2,950,000
Sitting across from McBride Park in the heart of Kitsilano, this 1925 Craftsman offers yesterday's cachet with today's comfort. Beautifully restored character home with all of the original Fir trim work lovingly refinished. The foyer's wainscoting sets the tone for the main floor: a spacious front reading room/den, a large living room with fireplace opening onto a dining room designed for entertaining. In the mood for a BBQ? Open your French doors and step onto your gigantic South facing deck! Upstairs offers 3 sizeable bdrms, the front bdrm has a unique attached crafts room. BONUS-a full height basement with a self-contained 1 bdrm suite (done with permits) with its own south facing patio. The front & back gardens are enjoyed from every window, creating an Urban Oasis on this 46x120 lot.
KITSILANO NORTH OF 4TH – ½ DUPLEX SOUTH EAST CORNER LOT – 3 BED, 2.5 BATH 3203 W.3rd Ave.
Diane Kunic-Grandjean
Fabulous front 1/2 duplex on a 33x127 lot, a stone throw away from Trout Lake and The Drive! It has it all: 3 spacious bed on the upper floor, including a master bed with large window with North Shore Mountain views, a newly renovated en-suite and 2nd full bath with jetted tub. The main floor offers a unique layout: very airy, spacious living room with substantial ceiling height, gas fireplace and a bay window overlooking the front yard. Sizeable dining area easily welcoming a party of 8, adjacent to a well-appointed U-shaped kitchen with plethora of storage and granite countertops. Separate large pantry-laundry room. Enjoy the front & side gardens which sizes can rival that of a house. New windows throughout, new fence & front stairs. Transit, Restaurants, Fun, Parks all at your doorstep. This is East Van living at its best!
1656 East 13th Avenue
3444 W. 5TH AVE.
Lisa MacIntosh
$1,898,900
Located on the North of 4th, this very spacious front 1771 square foot ½ duplex sits on the South-East corner, offering 3 generous beds, 2.5 baths on 3 levels & is one not to be missed! Relax in the top floor secluded master bed w/ lounge area & large en-suite bathed by natural sunlight coming from numerous skylights & South facing windows. The 2nd floor has 2 more sizeable bedrooms, and a large en-suite. The main floor houses your kitchen w/ eat-in area, a large foyer w/ powder room and an open concept dining-living room opening onto your South facing ample private patio. Beautiful h/w floor in most rooms, closet/storage galore throughout & 1 car detached garage. Bring your house furniture, they will fit! This is Kitsilano living….
HASTINGS SUNRISE RENOVATED SOUTH FACING 1 BEDROOM IN A GREAT BUILDING! 229-2033 TRIUMPH ST.
$319,900
Beautifully renovated 1 bdrm suite in the heart of Hastings Sunrise. This South facing unit is light & bright with a sundrenched South facing balcony. Updated Ikea kitchen and bathroom, laminate floor throughout. Large in-suite storage. Additional storage locker with secured parking. Very well maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingency fund & depreciation report. Rentals & pets (one dog or cat) allowed. Fabulous location - just down the street to Parallel 49 microbrewery, Red Wagon Restaurant, Donaldʼs Market, only 10 minutes to downtown & short stroll to The Drive.
HASTINGS SUNRISE UNIQUE 1914 CRAFTSMAN BUNGALOW IN SUPERB CONDITION 2733 FRANKLIN ST.
$1,699,000
What a beauty! Welcome to this 1914 Craftsman Bungalow Heritage "B" lovingly & patiently restored to its current glory! The large foyer gives the tone w/its beautiful wainscoting, 9'4" ceiling height & hwd flooring. Cozy up by the fireplace in your comfortable lvg rm drenched by natural light, host your loved ones in the adjacent large dng room while marvelling at the Tudor ceiling & superb built-in dresser. The 3 sizeable bed & charming 1,5 bath w/claw foot tub will house your family for a very long time. Airy modern kitchen & eat-in area from which to access a lush fenced backyard & detached garage. The bsmt offers 2 bed suite & a large separate area which could be a rec/family room for you. A unique gem in beloved Hastings Sunrise!
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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Start now. Our comprehensive 5 week & 10 week courses will teach you how. • Daytime & Evenings. • Tuition only $649 • First class FREE - try us out!
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
Bob Bracken
Real Estate Services Each office independently owned and operated.
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
604.263.2823
bobbracken.com bob@bobbracken.com
Real Estate Investment Think Bob Bracken
CITY HALL MULTIFAMILY BLDG ON BIG LOT KITSILANO NORTH OF 4TH MULTIFAMILY BLDG COMMERCIAL DR STRATA DUPLEX W 4 UNITS
NEW
4+ UNITS!
LISTING!
NEW
6+ UNITS!
LISTING!
NEW LISTING!
4 UNITS!
225 WEST 15TH AVE
3536 WEST 1ST AVE
2670 - 2680 WOODLAND DRIVE
• Edwardian Character Multifamily Bldg, 4361 SF, 4+ Units • Suite Mix: 1X1 Bdrm, 2X1 Bdrm & Den, 2X2 Bdrm • Big 50’X125’ RT-6 Lot, Gr Inc $91,000, Excellent Condition • Investors, Owner-Occupiers, Developers Asking $2,988,000
• Kitsilano, Big 3700 SF Character Multiplex, 33’X122’ RT-8 • 1st Class Loc, Mtn Views, 1 Block to Beach, Double Garage • Gr Inc $113,800/yr, Great Tenants and Suite Mix, 6+ Units • Investors, Owner-Occupiers, Developers Asking $2,998,000
• Commercial Drive, Side-by-Side Strata Duplex w 4 Suites • Each Side has Top Flr 3 Bdrm Unit & Main Flr 2 Bdrm Unit • Total 3568 SF, Gr Inc $79,980/yr, Corner 50’X122’ RT-5 Lot • Investors, Owner-Occupiers ,Developers Asking $2,498,000
MOUNT PLEASANT LEGAL TRIPLEX
MOUNT PLEASANT 3 SUITE HOUSE
REAL ESTATE WITH CASH FLOW
LEGAL TRIPLEX!
INCOME!
NEW PRICE!
3 UNITS!
628 EAST 12TH AVE
2540 ST CATHERINES STREET
• Big 4 Level, Great Character Legal Triplex, 2728 SF • Suite Mix: 2 lvl 3 Bdrm, 2X1 Bdrm, 33’X122’ RT-5 Lot • Gr Inc $48,000yr, Fenced Yard, High Ceilings, Views • Investors, Owner-Occupiers, Developers Asking $1,498,000
• Great Prime Mount Pleasant 3 Suit House, 2143 SF • 1X4 Bdrm, 2 Level; 1X2 Bdrm, 1X Bachelor Suites • Gr Inc $49,440/yr with Upside, Tenants pay Utilities • Investors, Owner-Occupiers Asking $1,199,000
HOUSES WITH SUITES DUPLEX, TRIPLEX, FOURPLEX 5PLEX, 6+ UNITS APARTMENT BUILDINGS LAND FOR RE-DEVELOPMENT IF YOU ARE THINKING OF SELLING OR BUYING INCOME PROPERTIES CALL BOB BRACKEN 604-263-2823
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
Beautiful spacious cottages in a natural setting, an exclusive clubhouse with pool, and abundant recreational possibilities makes Bridal Falls a one-of-a-kind resort ownership opportunity in Canada
IF YOU’RE READY TO DOWNSIZE, BUT NOT READY FOR A CONDO, OR LOoKING TO PURCHASE a second home getaway, WE have it all. COTTAGE SHOW HOMES OPEN DAILY 11 - 4 53480 BRIDAL FALLS RD, BRIDAL FALLS, BC 604.745.4104
DiscoverBridalFalls.com
224,900
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 7, 2 0 1 6
G IN LL SE ! ST FA
VANCOUVER LUXURY. ABBOTSFORD PRICES. FROM THE HIGH $200’S GENEROUSLY SIZED 674 SF TO 1,680 SF*
Presentation Centre is now open daily (except Fridays) from 12 - 5 pm at 2180 Gladwin Road, Abbotsford.
LIVINGMAHOGANY.COM 778.255.9990
MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, INCREDIBLE VIEWS AND GENEROUS AMENITIES OVERLOOKING BEAUTIFUL MILL LAKE. Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E. *Balcony space is included in specified square footages.
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VANCOUVER EASTSIDE
THURSDAY, JULY 7, 2016
Looking for a new home? Start here.
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OAK + PARK: A Great Place to Call Home T
here’s a real transformation going on in Marpole. This enclave is set to become yet another desirable neighbourhood in the red-hot Vancouver Westside market. This is where Alabaster Homes is developing its newest townhome project – Oak + Park. “Marpole is Vancouver’s next prestigious neighbourhood,” says Yosh Kasahara, director of sales and marketing at Alabaster Homes. “Its Westside location, top-ranked schools, and proximity to Richmond and YVR (Vancouver International Airport) make it the perfect place to invest and live.” The collection of 40 open-concept homes, ranging from 1,300 to 1,600 square feet, feature air-conditioning, quartz countertops, premium stainlesssteel appliances, wide-plank hardwood floors, as well as heated ensuite flooring. The stylish exteriors feature extensive use of traditional white brickwork and distinctive black metal detailing, making these homes stand out. Designed by the multiple-award-winning firm of Ciccozzi Architecture, Oak + Park is a fusion of classic design and contemporary West Coast elements.
“This is a flagship project for Alabaster Homes. Our vision for Oak + Park is to deliver a project that raises the bar for new townhomes in the city,” he adds. The three-bedroom-plus-den-and-flex residences are located within the catchment of some of the city’s most prestigious schools, including David Lloyd George Elementary and Sir Winston Churchill Secondary – an International Baccalaureate (IB) school. “The IB school was a big draw for buyers at our last two projects,” adds Kasahara. “These parents want to give their children the best opportunities, and the program at Churchill Secondary is among the best in the country.” Bounded by Oakridge to the north and Richmond to the south, Oak + Park is well situated, close to Marpole Town Centre, which is known for its eclectic blend of shops and amenities. It is minutes to the Canada Line and transit, and the new facilities at Cambie and Marine Drive, which includes a T&T Grocery Store, Cineplex movie theatres, and more. For sports enthusiasts, Oak + Park is a short distance from the OakridgeMarpole Community Centre located at
West 59th Ave and Oak Street. The centre is adjacent to Oak Park, which offers many walking trails throughout the park, picnic areas, and a kids spray park. In addition, there is a playground, tennis and basketball courts, outdoor roller hockey, soccer and softball. Alabaster Homes brings to the table more than 25 years of experience building quality homes throughout Metro Vancouver. In Marpole, the developer recently completed the sold-out Osler Residences and launched Shaughnessy Residences – both boutique-style townhome projects. “We believe in bringing thoughtful design, quality construction, and outstanding customer service to our buyers,” says Kasahara. “An Alabaster Home is one that you can count on providing comfort and enjoyment for generations.” The sales centre, located at suite 301– 1788 W Broadway, is open by appointment only. Prices start from $1.1 million. Completion is slated for 2018. To register or for more information about Oak + Park Townhomes, call 604-558-5851 or visit www.alabasterhomes.ca/oak-and-park
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