THURSDAY, MAY 11, 2017
VANCOUVER EASTSIDE
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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
Demand for Metro Vancouver Condos Skyrockets: REBGV
D
emand for condos in Metro Vancouver is soaring, according to monthly statistics released May 2 by the Real Estate Board of Greater Vancouver. The sales-to-active-listings ratio for condos in the region stood at 82.2 per cent in April – for context, a balanced market would be between 12 and 20 per cent. Although condo sales in April were 18.3 per cent lower than in April 2016’s hot market, a near-16 per cent annual decline in condo listings last month meant that relative demand is soaring for a limited inventory of condos. “Our overall market is operating below the recordsetting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets,” said Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm.” Like last spring, overall home sales in the region this April were slightly down from the high point of March – at 3,553 transactions, this total was less than one per cent
lower than March 2017, but 25.7 per cent below April 2016. Still, April could be described as a healthy market, with last month’s total sales number 4.3 per cent higher than the 10-year average for April, according to the board. Condo units also led the overall year-over-year increase in benchmark home prices, which were up 11.4 per cent for all property types combined, and nearly 17 per cent for condos.
Benchmark Prices After faltering through fall last year, the combined residential benchmark price (all property types) in Greater Vancouver set a new record in April at $941,100. This is an increase of 2.4 per cent from the previous month, 11.4 per cent higher than April 2016, and even higher than the previous bar set in August 2016 of $933,100. The single-family home benchmark price did not break records, however, with the board setting it at $1,516,500, slightly lower than in July and August last year. However, the new typical detached home price is 8.1 per cent higher than April 2016 and 1.8 per cent higher than March 2017.
It was the in-demand townhome and condo markets that caused the overall benchmark price to reach new heights. Attached home benchmark prices saw another year-overyear rise, up 15.3 per cent to a record $701,800, a rise of 2.4 per cent since March. Condos, which did not see a price decline through last fall, continue to rise in value. Once again, typical condo prices saw the biggest monthly and annual increase, now standing at $554,100. This record price is 16.6 per cent higher than a year ago, and a rise of 3.1 per cent over February. “Until more entry-level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” Oudil added. “There’s been record building this past year, but much of that inventory isn’t ready to hit the market.” 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 in the REBGV full statistics package at www.rebgv.org.
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“Your East Vancouver Real Estate Experts!” #2-224 E.12TH AVE.
Lisa MacIntosh
Diane Kunic-Grandjean
SOMA IS WITHIN YOUR REACH 2 BED – 1 BATH – 830SQFT – IN-SUITE LAUNDRY RENTALS ALLOWED – 1 CAT OR 1 DOG
$529,000
Just when you thought you could never afford to live in SOMA…dream again! We are delighted to bring you the unique opportunity to own a 2 bed, 1 bath, 830sqft condo, with in-suite laundry and no rental restrictions. The entire suite occupies 1/2 of the 2nd floor of this very well maintained and renovated boutique building (5 units only). The 2 bedrooms lay at each end of this smart floorplan for utmost privacy. A functional & spacious kitchen with countertop galore adjacent to an airy dining area w/its very own window. The vast living room, accommodating many a style & size of furnishing, basks in the natural light coming through a 12’ sliding door opening onto your balcony (bbq OK). New exterior envelope, windows & balconies and painting done over the past 2 years. One secured storage locker, a communal secured bike room and an exterior parking stall. Did we mention you can bring your dog or your cat? Life is good in SOMA.
NEW LISTING
GREAT LOCATION- CALLS FOR GREAT OPPORTUNITY! 525-527 MALKIN AVE.
$1,875,000 Calling all builders, Developers and forward thinkers alike!
1 BED - 1 BATH - 508 SQ.FT. - WEST END LIVING AT ITS BEST! $399,000 Some call it living on the Peninsula, others the West End.
609-1040 PACIFIC ST.
In both cases, our 1 bed/1 bath ppty is offering you the lifestyle many dream of: a 3 min walk to sandy beaches, English Bay, Stanley Park & sunsets galore. Beautifully & smartly reno’d, well laid out w/ an attractive, modern kitchen & ample cabinets, opening onto a generous Dng & Lvg space for great entertainment time. Sip your coffee/glass of wine/beer at any time on the covered balcony; BBQ is ok. The bdrm easily welcomes a queen bed and a few chest of drawers. Great amount of in-suite storage throughout & 1 storage locker on the same floor. Secured bike room, 2 cats allowed (no dogs). Pkg & rental on wait list. On the6th flr of a concrete bldg. at such an attractive price, how can you possibly miss the opportunity of living the life?
Nestled in a fantastic little pocket between Strathcona and The Drive are two RT-3 irregular lots forming a whopping 5,865 square feet! Facing South-West, these lots offer open views all the way to City Gate to the West and Terminal Avenue to the South. Across the street lays Trillium Park with its turf fields, playground and dog park. Further West will see the potential relocation of St Paul's Hospital. A truly unique opportunity in an ever growing neighbourhood! RT-3 zoning with potential of 3 dwellings. Build two 1/2 duplexes & an infill house, all 3 could potentially be stratified and sold separately (to be confirmed by Buyer with City of Vancouver). Drive-by first, then call us!
NEW LISTING
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
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale $1,749,000
4995 CULLODEN STREET
$1,299,000
319-2222 PRINCE EDWARD ST.
OPEN SAT 2-4PM
Taking our Listings Global $1,700,000
$547,000 FULLY RENOVATED HOME ON THE DRIVE WITH RT-5 ZONING ATTENTION BUILDERS – HUGE LOT
CHARMING FAMILY HOME 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.
1806-111 E. 1ST AVE. $1,950,000
LARGE 1 BEDROOM IN MT. PLEASANT Spacious 1 bedroom condo in Mount Pleasant. Fully renovated in 2015. Mountain views from living room and balcony. Pet and rental friendly!
LOCATION, LOCATION, LOCATION – ATTENTION BUILDERS & FIRST-TIME HOME BUYERS: Very livable 5 bed / 2 bath family home with potential for mortgage helper in an amazing family friendly, quiet neighbourhood with tons of amenities, shops and schools just blocks away! A 5600sq.ft. deep lot with 1965 home makes it easy to apply for RS-1 new building plans to build 3,300 sq.ft. new home and possible laneway house too. Seller interested in potential short-term lease-back. Take advantage of this excellent opportunity – call now and check it out! 6456 BRUCE STREET DAVID YOUNG 604-263-1144
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
dexter pm PROPERTY MANAGEMENT | A DIVISION OF DEXTER ASSOCIATES REALTY
FREE RENTAL RATE ASSESSMENT
778.996.1514 | www.dexterpm.ca
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
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What Our Clients Have To Say...
Our Testimonials
$1,688,000
SOLD Thank you so much for all the hard work put into selling our home very quickly! You made it all very easy for us with an efficient and friendly team and a great marke ng program - we got more than we were hoping for. You came in with a plan and executed precisely. We would definitely recommend your services to anyone buying or selling their home.
4561 CHARLOTTE CRT, BURNABY
Great VIEW HOME on 60x102 lot in prime Forest Glen neighbourhood of Central Burnaby! Stunning UNOBSTRUCTED 180 DEGREE VIEWS of North Burnaby, Capitol Hill, and the north shore mountains! This gem sits on a quiet cul-de-sac, in family friendly area near parks and waking distance to schools. Enjoy these views from your large deck and very private back yard. Yard is great for the kids to play and large enough to seriously entertain in. Move in, renovate, or rebuild on this large lot with 60 feet of frontage for ample large new home building options. Central location with excellent proximity to Skytrain & transit, and blocks to Metrotown Mall. One car attached garage with large driveway for ample parking space. Home is move-in ready with lots of practical updates including: new roof (2013) with warranty, New deck covering and railings (2012), new driveway (2012), updated laundry room (2013), rich re-finished Oak hardwood floors and new interior doors (2009). Basement roughed-in for easy in-law suite. This home will not last! View photos online.
#20-2713 E. KENT AVE NORTH
3416 NAIRN AVENUE
- Laura & Ryan B.
$448,000
COUNTRY LANE – Excellent location; peaceful and beautiful neighbourhood, set on a quiet greenbelt! Two level townhome with functional floorplan 1,163 sf, 3 spacious bedrooms + den (could be 4th bedroom). Main level boasts a large open living & dining room area, which opens up to the private fenced yard, perfect for gardening and outdoor entertaining. Family oriented complex, with well run proactive strata. Roof replaced in 2010 & exterior painting done in 2012, updated kitchen counter, new washer & dryer, laminate flooring done in 2008. This unit comes with single carport and plenty of visitors parking., Walking distance to schools, library, community centre, parks/nature, shopping & more. Large crawl space for storage.
$598,000
Perfect Family Townhome. FREEHOLD STRATA WATERFRONT living in Vancouver’s fast growing river district - Fraser lands. Lovely 3BD 2BA home in WATERFRONT complex in peaceful natural setting. 12acre Riverfront Park at your door to jog, bike with the kids, or walk the dog. Park with great playground across the street for the kids. River VIEWS from all bedrooms. Updated Kitchen/ Stainless Appliances/ Updated Bathrooms/Quartz Counter. Cozy GAS FIREPLACE in living room (gas included in Maint. Fee) In suite Washer/Dryer. Great bike route access. Central location - Minutes to Marine Way Market/Champlain Square/ Metrotown/Marine Gateway/Superstore/ YVR/Fraserview Golf/Everett Crowley Park. Development has NEW ROOF/NEW DECKS. Includes TWO UNDERGROUND PARKING #39 and #40 and one STORAGE LOCKER #20.
T S I L E V T O S B I L A E Y V A SOLD W SOLD WAY ABO “We just sold our townhouse in Kitsilano using the services of Marty Pospischil and his team. The service they provided was outstanding from the ini al market value assessment to the detailed marke ng plan including the MLS lis ng brochures, post cards and a You Tube video. His team prepared the house diligently including power washing the decks and providing gardener services for the plants and flowers. The two open house showings hosted over 180 people which resulted in mul ple offers a er only 8 days on the market. The final nego a ons were conducted very professionally and resulted in maximizing the selling price.”
- Mike & Hilary A.
$2,188,000
SOLD T WAY ABOVE LIS
$2,100,000
SOLD
2469 EAST 40TH AVENUE
2396 EAST 38TH AVENUE
This is your chance to buy one of the last remaining 66’ lots on the eastside of Vancouver. Moreover, this home sits on a full 66x140 lot with RT-11 zoning in Vancouver’s prime Killarney/Collingwood neighbourhood! This family home was built in 1946 and is a classic wartime 2 br bungalow and is within walking distance of shopping, services, and schools. All sorts of options with this property including subdivision, development, etc. View photos online.
Great 48’x140’ level building lot in East Vancouver Collingwood pocket with RT zoning! Buy and hold or redevelop this excellent lot with tons of options for a new home/duplex etc. Close proximity to shopping nearby on Kingsway and Victoria Street. Good transit access, walking distance to skytrain and 41st Ave Bus routes!
$988,000
SOLD T WAY ABOVE LIS 5250 FRASER STREET
Well cared for move in condition 4-bedroom 2-bathroom home in the trendy Fraser neighbourhood! This 1908 built Edwardian box style home features, 2 beds + bath up, and 2 beds + bath down (mortgage helper suite) ready to rent out. Lots of storage/ workshop. Close to transit and major bus routes. Walking distance to hillcrest community centre, Queen E. Park, and Memorial Park. Yard has been beautifully landscaped and cared for by master gardener over the years, truly great space to enjoy and escape the city. Well-designed gourmet kitchen opening onto back deck was skillfully and thoughtfully renovated in 2010. New floors in 2003. New roof installed by Penfolds in 2014. Fabulous location: walking distance to tons of grocery stores, veggie marts, new restaurants, and boutiques. View photos online.
To setup an evaluation of your property please email Marty or Adam directly at marty@martyhomes.com or adam@martyhomes.com
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
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES COMMERCIAL DR 4 UNIT REVENUE BLDG
NEW
4 UNITS
PRICE
CAMBIE 7 UNIT BUILDING ON BIG LOT
7 UNITS
INCOME
CAMBIE MULTIFAMILY 6+ UNIT BUILDING
6+ UNITS
SOLD
1847 VENABLES STREET
482 WEST 17TH AVENUE
475 WEST 19TH AVENUE
• 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
• Big Char 4 level, 4175 SF Multifamily Building, Gr Income $96,780/yr • 6+ Legal Suites, Fantastic Cambie Location, Garage, 33’X122’ RS-7 • Investors, Owner-Occupiers, Shared Ownership Asking $2,750,000
Real Estate Investment Think Bob Bracken
VANCOUVER EAST
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The Week in Real Estate
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HOME SALES* Detached
Attached
16
10
Median sale price** Detached
Attached
604.760.9295
$1,651,500 $779,950
gordon.dutka@gmail.com
Top sale price*** Detached
Attached
$2,435,000 $1,352,000 Active Listings† Detached
Attached
745
269
Days on Market†† Detached
Attached
44
16
* Total units registered sold April 26-May 4 ** Median sale price of units registered sold April 26-May 4 *** Highest price of all units registered sold April 26-May 4 † Listings as of May 4 †† Median days of active listings as of May 4
6177 Victoria Dr., Vancouver
■
$1,158,000
- Beautiful 3 Bed Half Duplex located in the heart of Victoria Dr. - All the feel of a detached home at an affordable price - Functional floorplan and high ceilings - Near great restaurants, schools, and amenities
OPEN HOUSE SAT/SUN MAY 13/14 2-4 PM
Switch your mortgage for free
†
Contact me to learn more about my 7 day, 15 step marketing plan to maximize the value of your home
SOLD
SOLD
SOLD
2623 29th Ave., E Vancouver Asking $1,799,000
55 Dieppe Pl., Vancouver Asking $1,699,000
3028 W 38th Ave., Vancouver Asking $2,650,000
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Talk to us today!
†Prospera will reimburse up to a maximum of $1,000 the discharge fee charged by the member’s current financial institution and/or any new legal and appraisal fees. For full details on the myStyle mortgage and Prospera Perks, please visit www.prospera.ca, talk to us at a branch or call 1.888.440.4480. *Some conditions apply. The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. This promotion is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C
Roloff Veld Managing Broker
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com 206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
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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.
IN PRINT AND ONLINE
Top New Home Construction Award Diamond Master
Your go-to source for the latest Lower Mainland listings, news and advice
BALDEV SANDHU & JULIANA HO TEAM Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream home.
BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.com
MASTER
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
NEW LISTING OPEN HOUSE SUNDAY 2-4 PM MAGNIFICENT SOUTHERN VIEW HOME 1311 E 63rd Avenue $2,098,000 - A beautifully home located on high side to enjoy unobstructed view - 42 x 117 ft property - Nicely upgraded gourmet kitchen with with s/s applianees, granite countertops - 7 bedrooms, 4 .5 bathrooms, living, family & dinning rooms - Fireplace,radiant heating, bbq area, home theater & bar at bsmt, - Very well maintained landscaped garden, triple garage
BUILDING PROJECT IN COLLINGWOOD NEIGHBOURHOOD 3550 Wellington Ave. 5015 Ann Street $2,998,000 $1,848,000 - Property lot 49.5x99 ft
- Property lot 49.5x99 ft
- Investor or Builder alert! - Great opportunity for building development on a quiet street of Collingwood area. - This two properties may be sold together, assemble to build apartment units
NEW LISTING
KNIGHT FAMILY HOME 5848 Culloden Street $1,528,000 - A bungalow with basement - Convenient location on a quiet street - Ideal lot size 41.2 x 118.7 - 2034 living area, 6 bedrooms, 2 kitchens, 2 bathrooms - Good to hold with mortgage helper and build later.
NEW LISTING
BUILDING LOT FOR SALE 1208 E 15th Avenue $2,308,000 - RT 5 zoning on harmony neighbour of Mount Pleasant - Property lot size 49.5 x 108.5 - This project is ready to build triplex on the lot - Building permit will be ready within 3 months
CUSTOM BUILD HOME 2073 27th Street $2,125,000
A PRESTIGIOUS HOME IN KILLARNEY 6963 Killarney St $2,998,000
- A great opportunity to build your dream home at Victoria neighbourhood - Located at desirable area, quiet street, walking distance to all - 33x118.5 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 & colour choice are welcome!
- A two years new luxury home situated at sought after Killarney area - Property lot 41.6 x 141.9, 4100 sf living area - Deluxe built with advanced fixtures, modern design, HRV, A/C, radiant heat and more - 8 bedrooms, 5 full & 2 half bathrooms include 3 bedroom legal suite, bar and theater room - You will be amazed by this gorgeous looking home!
NORM FLOCKHART
FERNANDO MORETTI
(604) 261-7275
fernandomoretti@telus.net
PREC
604-657-8886 OPEN HOUSE SATURDAY 2-4 PM
13 Year Member of MLS Medallion Club
OPEN SAT/SUN 1-3
$1,695,000
2509 East 22ND Avenue, Renfrew Heights, Van East VIEW PROPERTY
SAME OWNERS SINCE 1971! SPACIOUS FAMILY HOME! This 2577 sq ft home feats 3 BRs on Main, 2 more BRs Down, & 2 Bathrooms! Hardwood flrs, formal DR, separate Eating Area & double-glazed windows on Main. Suite potential Down. 42.4' x 121.57' landscaped lot. Quiet street. 6780 Inverness Street, Van.
$1,298,000
$1,538,000
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.
2814 East 3rd Avenue, Van East 49.5x124 foot lot • Near T&T Market
LIVE ON THE MIDTOWN GREENWAY! 1913 HOME! Lots of period décor in this 2 BR family home! Big front verandah, stained glass windows, fir floors under carpets. 1 bath on Main, 1 Down. Large Kitchen with pantry and eating area. Bsmt mostly unfin. High attic. 33' X 122' lot. $1,298,000! 904 East 37th Ave.
www.normflockhart.com
Prime 5 bedroom full basement home located near 3rd Ave and Renfrew St. Half block to bus stop, near elementary & high schools, and community centers. A great block to raise your family. Rear lane access. Ideal for handyman or investor builder. Priced for quick sale, do not miss this opportunity. Call Fernando for your exclusive appointment.
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SA
STEVEN ALMEIDA
sutton centre realty
604.358.5758
Duplex R4 Lot 69x 124 with over 3200 square feet of living space on two levels, renovated family home kept in immaculate condition. This home sits on a sunny corner with a south facing back yard with a view and ample parking. Great investment home. Spacious floor plan with three bedrooms upstairs and two self-contained one bedroom suites down with separate entrances. Great outdoor living space with over 700 square feet of covered balcony and 400 square feet of lower patio. Excellent location, one block to Parkcrest Elementary and 10-minute walk to Burnaby North High School and Skytrain, short drive to Brentwood Mall and Kensington Plaza. Priced at lot value only!
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
OPEN HOUSE SATURDAY & SUNDAY 1-3 PM 1600 Holdom Avenue, Burnaby $1,988,000
NOW SELLING DON’T MISS OUT…
MORE HOMES BEING RELEASED THIS WEEKEND
Dewdney Trunk Rd Lougheed
Hwy
MAPLE RIDGE Downtown Ha
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GOLDEN
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Kanaka Way
Pa
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Slatford St
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5
A
10
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EARS BRIDG
Wynnbrook gives you single family home living in a parkside setting. Set between lush nature and the Albion Sports Complex, it’s the perfect location for active families. Enjoy football, soccer, baseball and a kids’ water park all within walking distance from your front door. Add to that open green space, easy highway access, great schools, and convenient shopping – perfect for today’s busy families.
104 Ave
(Except Friday)
604.380.4708 | mstarhomes.com
Lou
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dH
wy
240 St
Sales Centre Open: Noon - 6pm
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The most valuable real estate in Metrotown.
At the centre of it all in Metrotown. Don’t miss out on this rare opportunity to make an investment in location and luxury.
Presentation Centre 101 – 4211 Kingsway, Burnaby