THURSDAY, JUNE 15, 2017
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
REALTORS® in Real Estate Weekly are working hard for you. Whether buying or selling, check out the newest and most amazing homes listed in your neighbourhood.
R E A L E S TAT E W E E K LY
May Home Sales Surge in Metro Vancouver: Board A
new record for home prices was set last month as buyer activity rebounded to near-record levels, according to Real Estate Board of Greater Vancouver (REBGV) figures published June 2. Sales rose nearly 23% compared with the previous month to 4,363 units, and were only 8.5% behind those of May 2016, which remains the busiest May on record. It’s likely no coincidence that new listings in the region also rose just over 23% compared with April, offering home buyers the inventory needed to boost sales numbers. New listings were also down year over year, by nearly 4%. This took the number of available homes for sale at the end of May to 8,168, which is 5.7% more than in May 2016 and 4.5% higher than April 2017. The sales-to-active ratio at the end of May stood at 53.4% across all property types. For context, a balanced market, says the REBGV, is between 12 and 20%.
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Even detached homes are in very high demand at a 31% sales-to-listings ratio. For much-needed townhomes, the ratio 76.1%. And the ratio for condo-apartment units, which stood at 82.2% in April, is now a jawdropping 94.6%. “Demand for condominiums and townhomes is driving today’s activity,” said Jill Oudil, president of the REBGV. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing.” Sales Breakdown Last month’s figures marks a significant rebound in what had been a somewhat hesitant spring market, with sales 23.7% higher than the 10-year average for the month. Breaking it down different property types, there were 1,548 sales of detached homes in May – still significantly lower than
Foreign Investors Make Up Just 2.3% of Buyers: Study
a year ago, by 17%, but up by nearly 28% since April. In terms of attached homes, 791 units exchanged hands in May, which is even higher than May last year, up 4.9%, and 27.5% higher than April this year. Condo sales in May rose nearly 25% over April’s figures, to 2,150 transactions, which is down 5.8% from one year previously. “While sales are inching closer to the record-breaking pace of 2016, the market itself looks different. Sales last year were driven by demand for single-family homes. This year, it’s clear that townhomes and condominiums are leading the way,” said Oudil. New Price Record May saw the REBGV set another new record for benchmark prices, now at $967,500 for a typical home (composite of all residential property types) across the region. This price is 2.8% higher than the
One in Five First-Time Buyers Gets Help with Down Payment
last record set in April, 8.8% higher than May last year and 3.7% more than 2016’s price peak in August. Condo-apartment properties remain the runaway winners in terms of price growth, rising 17.8% year over year to $571,300, which is a lift of 3.1% in a single month. Attached properties such as townhomes saw the next highest growth in typical prices, now at $715,400, up 13.1% in one year and just shy of a 2% increase since April. Detached home prices are catching up with last year’s July peak of $1,578,300, now standing at $1,561,000. This is a rise of 3.1% since May 2016 and 2.9% higher than April, but the only property type not to set a new benchmark price record. Home prices vary widely throughout the REBGV region. To get a good idea of home prices in a specific location, check the detailed MLS® Home Price Index at www. rebgv.org.
City Reveals Images of 11-Acre Northeast False Creek Park
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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 N E 1 5 , 2 0 17
“Your East Vancouver Real Estate Experts!” 2812 ADANAC STREET
Lisa MacIntosh
Diane Kunic-Grandjean
$1,499,900 "THE NICHOL HOUSE"
$16,888,000
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THE COTTAGE ON ADANAC – YESTERYEAR CHARM WITH TODAYʼS COMFORT ON A 40 FOOT WIDE LOT The cottage on Adanac". This 1944 versatile bungalow sits on a 40' wide lot in a desirable & family oriented block in beloved Hastings Sunrise. Yesteryear charm with today's comfort, its main floor greets you with beautiful fir floor & oak inlay, a spacious living room with coved ceiling, wood burning fireplace & many windows looking onto an enchanting front garden. 2 sizable bedrooms, one opening onto a large sundeck, a functional kitchen (new appliances) having host plenty of parties and its direct access to the sundeck perfect for your alfresco dinner. The self-contained basement suite offers 2 spacious bedroom as well as a large living and dining area. One of these bedroom could be claimed for upstairs use. Bonus: storage galore with the 211 sqft shed! Wrap it all up with a considerable backyard: an invitation to gardening, entertaining & pure relaxation. This is the white picket fence dream you've been waiting for.
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FIRST SHAUGHNESSY 10 BEDROOMS - 6 BATHROOMS - 11,598 SQ.FT. 3333 THE CRESCENT “THE NICHOL HOUSE” is one of First Shaughnessy’s most prestigious mansions. Located on The Crescent, this stately Tudor Revival home was designed by Samuel Maclure & Cecil Fox in 1912. It was built for the former Lieutenant Governor of BC – a newspaper magnate & the wealthiest Vancouverite in his time. The interior features fine wood finishings, beamed ceilings, a grand entry hall, 8 fireplaces, leadglass windows, inlaid oak floors & paneled walls. The grand scale rooms offer elegance at its best! Over 11,000 sq.ft. with 10 bdrms. Enjoy the 1 acre plus property with beautiful formal estate gardens. The grandeur of the house, its carefully crafted details & stunning grounds make it a piece of history well worth treasuring.
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 DEXTER ASSOCIATES REALTY SKIPSHOMES.COM CATHIECLINE.COM
604-263-1144
Family Home! NEW LISTING
$1,599,000
365 East 54th Avenue Open House Sat/Sun 2-4pm This solid, 1965 bungalow with basement features an updated open kitchen, dining, living floor plan and 3 bedrooms up. Check out the bright open kitchen complete with gas stove and door out to a covered deck and back yard space. Downstairs is a rec room with 3 piece bathroom and bar kitchen, along with a 1 bed suite and the option for separate laundry. In the Sunrise neighborhood 2 blocks off Main St, Henderson Elementary, Sunset Park and Comm Centre. 365 East 54th Ave
4995 CULLODEN STREET
CHARMING FAMILY HOME
$1,288,000
Charming character home on quiet tree-lined street. Perfect home for growing family close to transit, shopping, schools. Amazing outdoor space; garden, sundeck & hot tub! One bedroom suite in basement.
dexter pm PROPERTY MANAGEMENT | A DIVISION OF DEXTER ASSOCIATES REALTY
FREE RENTAL RATE ASSESSMENT
778.996.1514 | www.dexterpm.ca
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 1 5 , 2 0 17
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Over 25 Years in Top 10% of Vancouver Realtors
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
Personal Real Estate Corporation
Taking our Listings Global
For The Best Move Of Your Lifetime! 5163 ELGIN STREET
OPEN SAT & SUN 1-4
$569,000
★ Cozy Bowen Island Home First Time Buyers Alert!
Welcome to this charming, cozy home! Half-acre only 5 mins from the Ferry and all the amenities that Bowen Island offers. Rise to the sun in the morning in your lower level master bedroom. A smaller, second bedroom on the main floor is perfect for kids or guests or office/den space. Expansive upper floor deck. Expand or build a view home from scratch. 1312 Hilcrest Road, Bowen Island VAUNE KOLBER 604-506-7534
206-3621 West 26th Ave
$1,198,000
1787 NAPIER ST
$1,248,000
$593,000
Immaculate Dunbar House condo! 1 bedroom and den. View! Dunbar House! Charming one bedroom and den in much sought after Dunbar House with sweeping city and mountain views from shared roof-top deck. Immaculately maintained unit in extremely well run strata conveniently located in the Dunbar Village. Age-restriction: 19+, no rentals allowed. All amenities, transportation, library, restaurants and multiple parks steps away - brand new Stongs Market half a block! Viewings by appointment only, call Listing Agent to view. Tina Oliver 604-263-1144
STARTER HOME or HOLD/REBUILD?
3 BEDROOM/2.5 BATH TOWNHOME NEAR THE DRIVE
Charming starter home on a quiet tree-lined street between Fraser & Knight - House needs repairs including a new roof immediately. 2 bdrms & full bath on main and self-contained mortgage helper down - good tenants would like to stay on. Fir floors, high ceilings, deck off bright kitchen - renovate, hold, or rebuild? Close to good schools, parks and transit. 5163 Elgin Street.
Charming 3 level townhome in a small 10 unit complex 1 block off The Drive! LR, DR, Kitchen & powder room on the entry level, 2 good bedrooms & full bath on 2nd level + spacious Master bedroom w/ a 5 piece ensuite on top level! End unit, SE exposure, quality construction, built in 2013 w/ balance of 2-5-10 warranty. Great street appeal, sunny front patio - feels like a detached home! 1787 Napier Street
w w w. l i e b e rm a n h o m e s . c o m
FERNANDO MORETTI fernandomoretti@telus.net
$1,700,000
1806-111 E. 1ST AVE. $1,950,000
7658-7660 BURGESS RD $459,000
NETINWG! LIS
FULLY RENOVATED HOME ON THE DRIVE WITH RT-5 ZONING Fully renovated, well-kept home on “The Drive”. Unfinished basement for extra bedrooms or in-law suite. This lot also provides an excellent opportunity for builders and investors to develop in the heart of Vancouver. Close to transit and the popular Commercial Drive shopping and restaurant district. Zoned RT-5 for multi-family housing with two addresses. 1788 E.6TH AVENUE MELANY SUE-JOHNSON 604-780-0724
3 BDRM WITH PRIVATE ROOFTOP TERRACE Brand new 3 bed Penthouse in the heart of Vancouver with exquisite views of downtown and the North Shore mountains. Steps from Olympic Village and right on the seawall to Downtown. Top of the line finishings. Extremely rare opportunity. Donʼt miss this gem of a home! Lisa Findlay 778-378-8090
604-255-8779 VIEW PROPERTY
2509 East 22ND Avenue, REDUCED $1,468,000 Renfrew Heights, Van East
100 MILE HOUSE – DEKA LAKE SOUTH FACING - 115 feet of water front on Deka Lake. The home has been well-maintained with new lino, carpet and paint inside. Large deck (33ʼ x 9ʼ) covered to enjoy the water view. Two wood-burning fire places for cozy morning coffee and lake view. 7658-7660 Burgess Rd 100 Mile House ESTHER 604-351-2544
OPEN HOUSE SUNDAY 1-3 PM
Custom built, well designed European 3 level split level home steps away from Shopping, Schools, and Sky train access. Minutes to either Trout Lake Community Center, and or Renfrew Community Centers and Library. Plenty of Shopping along Grandview Highway. Property offers approximately 2255 Square Feet of living space, hardwood floors, 2 fireplace's, 4 bathrooms, and a one car garage at rear with lane access. Original owner, extensive use of ceramic tiles, sky lights, and oak. Tons of Storage space, larger families welcomed. Priced for quick sale. Call for your exclusive appointment now. Allow 24 hours for all showings.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 1 5 , 2 0 17 Over 40 years of experience in selling and custom building luxury homes in B.C. 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
Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream home.
BALDEV SANDHU 604-880-9571
- A great opportunity to build your dream home - Located at desirable area, quiet street, walking distance to all - 33 x 118.5 ft property, 2750 sf of main house plus 500 sf LWH - Professional build with fabulous finishing and high quality material - HRV, inter-telecom, high efficiency heating system. - Buyer to provide their own plan and colour choice are welcome!
A Brand New House with Spectacular City View 3665 Franklin St.,Vancouver $2,258,000
Brand New Just Finished 3-Storey w/LWH Renfrew 1250 Rossland St. $2,288,000 - Brand New executive home and LANEWAY house at Renfrew area - Modern layout and excellent finishing. - Luxury master suite and private ensuite with quartz double vanity, High end features in bathrooms - Total 6 bedrooms, 7 full bathrooms - Exquisite chef's kitchen; thick-slab counters, central island - HRV radiant heat and Air conditioning
Teresa Pang 604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com pangt@sutton.com
COMMERCIAL & 8th AVENUE
OPEN HOUSE SAT & SUN 2-4
- An fantastic built 3-storey house, Lot 40.05 x 143.9 ft - 3500 sf living area, classic design, open layout, granite counters, - 7 bedrooms, 5 bathrooms, included 2 bedroom suite at basement - Gourmet kitchen, big covered sundeck, radiant heat, - Nice fenced garden, triple garage
OPEN HOUSE SAT & SUN 2-4 PM
IDEAL LOCATION! LA RESIDENZA in the hearth of Commercial Drive, across the street from Skytrain station of Commercial and Broadway. This newly renovated 1 bedroom, 1 bath with an open floor plan, big round windows in large living room, dining roomkitchen, lets the light flood in and overlooks the thriving daily life of Commercial Drive.
shopping, transportation anywhere in the Walk out your door to shopp city, entertainment and your favorite coffee shops and restaurants on the Drive. No need for car! Reno includes new paint, quality laminate floor, and stainless steel appliances. #206 -1688 East 8th Avenue
VANCOUVER EAST
604.889.7008
An Elegant Home - Killarney Area 6939 Butler St., Vancouver $2,598,000
OPEN HOUSE SATURDAY 2-4 PM
- A brand new, luxury built home with breathtaking views - 2810 sf living area plus 640 sf Lane way house - Modern design, prestigious chandeliers, gourmet kitchen - 3 private ensuites at above; 7 bedrooms and 7 full bathroom - High end bathroom fixtures , radiant heat, airconditioning, HRV
Tony Alves
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Vancouver East, Victoria CUSTOM BUILD HOME 2073 East 27th Avenue - $2,125,000
MASTER
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
The Week in Real Estate
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HOME SALES* Attached
22
Detached
8
Median sale price** Attached
Detached
$610,500 $1,515,003 Top sale price*** Attached
Detached
$1,523,000 $2,410,000 Active Listings† Attached
273
Detached
758
Days on Market†† Attached
14
* Total units registered sold June 1-9 ** Median sale price of units registered sold June 1-9 *** Highest price of all units registered sold June 1-9 † Listings as of June 9 †† Median days of active listings as of June 9
Detached
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Patricia Lok
Valerie Laurendeau Endless Opportunity
604.839.3871
patricia@patricialok.com
604.603.7333
Select Proper es Independently Owned and Operated
ValerieLaurendeau.ca ValerieL@remax.net Independently Owned and Operated
Westcoast
110-6086 Russ Baker Way, Richmond BC V7B 1B4 Bus: 604-273-2828 Fax: 604-279-8002
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2404 E. 33rd Avenue $1,568,000
5630 Main Street $1,368,000 Open Saturday 2-4pm
Cute as a button! This totally liveable, wellmaintained side split home on a 3737sf lot with a southern backyard is ideal for a young family. 2 bedrooms up and 2 down with a wood-panelled family room and a utility room that can be turned into a nanny's or in-laws suite or a mortgage helper. Beautiful original hardwood floors, 2 full baths with 2 gas fireplaces. Great holding property as it is proposed for RM- 9A/9AN zone (current Apartment Transition Area up to 45ft. height and 2.0 FSR) for the Norquay Village Neighborhood Centre Plan. School catchment of George T. Cunningham Elementary and Gladstone Secondary. Steps away from shopping, restaurants, shopping and transit. Soak in the north view of the mountains from the living room in this bright gem of a home to call your own!
New Listing
NORM FLOCKHART
PREC
(604) 261-7275
Collingwood Village
13 Year Member of MLS Medallion Club OPEN SUN 12-2
$1,275,000
SOLD ★
MIDTOWN GREENWAY! QUIET NO-THRU STREET!
This 2 BR, 2 Bath home is in a super location! Traffic-calmed, non-thru street just 2 blocks off Fraser! Walk to buses on Fraser or 41st, steps to MacKenzie Elementary. Update & expand the existing home or build new! 33' x 122' lot! 904 East 37th Ave.
www.normflockhart.com
Bob Bracken
4 bedroom side by side half duplex in the popular Main Street area. Spacious 1693 square feet, 2 level home with private yard and one secured garage. Perfect family home with elementary and high schools within walking distance. Conveniently located to transit, Oakridge Mall, Queen Elizabeth Park, and Langara. Minutes to downtown and Richmond.
$378,000 #306-3489 Ascot Place Rarely available 631 sf spacious 1 bedroom facing quiet garden courtyard at Regent Court. Newly renovated with quality wide plank laminate floors and freshly painted. Move in condition! Steps to the Joyce SkyTrain station that takes to downtown Vancouver and Metrotown in minutes. Walkers, transit and bikers paradise! Short stroll to shops, restaurants, cafes, community center, and parks. Great investment! By appointment.
Real Estate Services
604.263.2823
bobbracken.com bob@bobbracken.com
Each office independently owned and operated.
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
COMMERCIAL DR 4 UNIT REVENUE BLDG
4 UNITS
INCOME
CAMBIE 7 UNIT BUILDING ON BIG LOT
BURNABY LUXURY HOME WITH 2 SUITES
7 UNITS
INCOME
SOLD
VIEWS
1847 VENABLES STREET
482 WEST 17TH AVENUE
7025 BELCARRA DRIVE
• Big 4 lvl Char Income Property, 3419 SF, potential Inc $87,300/yr, Views • 4 Legal Suites, Commercial Dr Area, Updates & More, 30’X124’ RT-5 Lot • Investors, Owner-Occupiers, Shared Ownership Asking $2,028,000
• Huge 4 lvl Character Revenue Building, 4598 SF, Gr Income $114,480/yr • 7 Suites, Recent Renos, Newer Garage, Big 46’X137.5’ RS-7 Corner Lot • Investors, Owner-Occupiers, Shared Ownership Asking $3,298,000
• Stunning Contemporary Luxury Home w Burrard Inlet & Mtn Views • Great Kitchen, 3463 SF, Wood Flrs, Open Plan, Huge Sundeck & 2 Suites • Owner-Occupiers Asking $2,550,000
Real Estate Investment Think Bob Bracken
Jim Lim
direct: 604.716.0995 email: limj@sutton.com
Looking for a new home? Start here.
Referred by clients since 1982
Seafair
604-273-3155
OPEN HOUSE SATURDAY, JUNE 17, 2-4 PM 4080 Magellan Place, Richmond
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Asking $2,988,000
WEST RICHMOND JEWEL! A truly magnificent, brand new, custom-home by a superb European master builder! 3,510 sq. ft. of luxurious living space with 5 full-ensuited bedrooms plus media room, family room, den, extra wok kitchen and triple garage on a 60’ X 126’ lot. Majestic 10 foot high-ceiling first floor, and 9 foot high-ceiling on the upper level. Great street appeal with underground utility wires and clean, curbed sidewalks in a quiet, ‘private’ street of an excellent neighborhood within Burnett High catchment. A truly rare offering!
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Deepak Jagpal 604.837.3526
SRS Westside Realty
deepakjagpal@shaw.ca
WWW.DEEPAKJAGPAL.COM NEW LISTING
$1,188,000
NEW LISTING
$1,958,000
1835 E 50TH AVENUE, Killarney, Vancouver East
An excellent opportunity to own this Prime Killarney 48' x 125' lot investment property situated in a great family neighbourhood just steps to Gordon Park & the highly accredited David Thompson Secondary School. Build your dream home here, approx. 4,200 sqft plus laneway home. Currently rented to a long term tenant. By far the best location in Killarney!
NEW LISTING
3509 TURNER STREET,
$1,449,000
Renfrew, Vancouver East
Best priced building lot/investment property on the market in Vancouver! 33 x 155 situated on a quiet tree-lined street. Build your dream home here, 3,600 sq ft plus laneway home on a great level lot. Previous new home sale on Turner St, $2.675! Family oriented neighborhood, close to parks, shopping, transportation & schools. Currently rented for $1900/monthly.
OPEN HOUSE SUNDAY 2-4 PM 1798 ISLAND AVENUE, Fraserview, Vancouver East
$1,349,800
Own a Brand-New top quality detached home in Vancouver's upcoming & finest neighbourhood, River District! No maintenance fees, no by-laws & a sizable front yard. This home boasts open concept on main floor with large living area great for entertaining, fantastic colour scheme throughout, high ceilings, 3 bedrooms on top level with separate/private deck overlooking Fraserlands & a rarely available Bachelor Suite with potential rent ($600). Steps to the river, trails, parks, tennis courts, golf course, & the riverfront community. (restaurants, schools & more!).
Build your dream home or live/rent now 4965 Marine Drive - $1,298,000
2052 E 49TH AVENUE, Killarney, Vancouver East
SOLD
Central Killarney location Ideal building lot! 2 story old timer 3 bedroom 2 bathroom 1379 square feet with a 1 bedroom suite in basement w/ separate entry. 33 x 144 Building lot. Land value only. Property as is where is. Close to schools, shopping, transit and minutes to downtown.
Eleanor Sy Tan
TOP TEN AWARD LIFETIME MEMBER
OF B.C.
“Richmond & Westside Specialist”
www.eleanorsytan.com Cell. 604-802-1696
Medallion Club Life Member 28 consecutive years
303 3411 SPRINGFIELD DRIVE, RICHMOND NEW LISTING
$368,000 “Imperial By the Sea”, top floor, 3 bedrooms, 2 bathrooms, spacious, fantastic layout. Open concept. Close to Dyke, Steveston Village and close to all level of schools. Bring your ideas and renovate. LOCATION, LOCATION!!!
10331 HOLLYMOUNT DR., RICHMOND $1,298,000
Main Level
Upper Level
Floor area: 1,003 Sq.Ft. Floor area: 1,023 Sq.Ft.
Huge 50x186 lot backs onto greenbelt. R2 Zoning allows 4000+ sq ft home Solid 5 BR Family Home on Marine Drive. Partially renovated & expanded by award-winning builder/renovator in 2007. Main floor boasts open floor plan with large kitchen incl. Thermadore gas stove-top with downdraft fan. Spacious dining rm perfect for family gatherings. Large Mastersuite includes huge walkin closet & study. Enjoy sunsets on large deck with views to the south. Steps to transit, 5 mins to Metrotown & Market Crossing. Currently tenanted.
Open House June 17, 2-4pm Please call for more information
This communication is not intended to cause or induce breach of an existing agency agreement.
Janai York
Realtor® 604-817-7173 janaiyork@shaw.ca www.macrealty.com
Macdonald Realty Ltd.
FIRST TIME HOME BUYER ALERT - After being meticulously cared for and nurtured by a loving family for almost 30 years, this stunning home is now available in the market. Located in the very popular Hollies neighbourhood, this home has had many substantial renovations throughout the years. Some of the top selling features of this home are the high vaulted ceilings in the living room, designer inspired kitchen renos, all three washroom completely done with in floor heating installed, rarely seen back alley access, and gorgeous landscaping done throughout. Please refer to the attached document for a full list of renovations. Book your exclusive appointment, as this home will not last for long.
772 WEST 17TH AVE., VANCOUVER $2,588,000 Very desirable Cambie area close to Douglas and Heather Park. Good investment property. Great neighborhood. Close to community centre, shopping, restaurants and transportation and best school catchments Vancouver has to offer.
ROYAL LePAGE WESTSIDE
Bus:
604-263-8800
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