THURSDAY, MAY 4, 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
Action Needed to Increase Housing Affordability: Reports T
here is much to be done in order to improving housing affordability in the Lower Mainland, according to two recently released policy proposals by the Greater Vancouver Board of Trade and the British Columbia Real Estate Association (BCREA). The two organizations share much common ground in the ways they think governments should approach housing affordability, with a few key differences. Here’s how their recommendations compare. Density and Diversity of Housing Supply Both organizations identify diversity and density of housing as key priorities. The Board of Trade recommends that politicians “create a smart regulatory environment that encourages the addition of more supply and greater diversity in housing form and tenure, with a particular focus on the Missing Middle,” as well as
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using density bonus zoning “wherever possible and appropriate.” The board also recommends concurrent permitting to speed up development projects that offer affordable and diverse housing options, and a regionwide accreditation program to fast-track processes for those with a “proven track record.” The BCREA specifically recommends zoning changes to encourage more laneway homes and secondary suites while providing financial incentives to encourage municipalities to fast-track projects like townhomes and co-ops. The association also suggests a public education campaign to increase the acceptance of new rental developments and buildings that target first-time homebuyers. Transit-Oriented Growth Both sets of recommendations highlight the need to build along new transit lines.
Hurt By New Mortgage Rules? You·re Not Alone, Reveals New Website
The Board of Trade recommends prezoning for transit-oriented housing development during the planning stages of new rapid transit projects, while BCREA specifically suggests financial incentives to encourage the development of affordable three-bedroom homes in transit corridors that are currently at lower density. Rental Housing While both organizations agree that more rental housing is needed in the Lower Mainland, they take different approaches to increasing supply. The Board of Trade suggests that rather than negotiate community amenity contributions for each new development project, governments should waive or offer credit toward the contributions for developments with specific rental components. BCREA focuses on rental housing owners, rather than developers,
A Quarter of Canadian Home Buyers Plan to Buy Alone: Survey
suggesting changes to Capital Cost Allowance rules and the capital gains tax to encourage sellers of investment real estate to re-invest in rental properties. Measures for Homebuyers BCREA recommends additional measures to assist homebuyers, including extending eligibility for the Home Buyers’ Plan (HBP) and indexing the HBP withdrawal amount to the Consumer Price Index (CPI). The association also recommends changes to the PTT that would increase the exemption for first-time homebuyers to $750,000, increase the 2 per cent PTT threshold to $525,000, and adjust the PTT thresholds annually based on the CPI. To read the full BCREA recommendations, go to www.bchousingaffordability.ca For the full Board of Trade housing affordability report and recommendations, go to www.boardoftrade.com and click on “News”.
Editorial: Will GTA·s Foreign Buyer Tax “Work” Better than Vancouver·s?
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M AY 4, 2 0 17
$1,688,000
SOLD
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 movein 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.
3416 NAIRN AVENUE $448,000
#20-2713 E. KENT AVE NORTH
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.
ST I L E V O B A Y A SOLD W $988,000
$2,188,000
SOLD T WAY ABOVE LIS 5250 FRASER STREET
SOLD T WAY ABOVE LIS 2469 EAST 40TH AVE
$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. 12-acre 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.
ST I L E V O B A Y A SOLD W
$2,100,000
SOLD 2396 EAST 38TH AVE
Team Pospischil listed my home and sold it in 10 days just like they promised, more importantly with their unique marke ng systems, they generated over 100 visitors and 5 compe ng offers and I got way above my asking price. In fact we set a record in our neighbourhood. I would highly recommend Marty and Adam and Team Pospischil to anyone wan ng to sell their home for a record se ng price!
– M. Id
To setup an evaluation of your property please email Marty or Adam directly at marty@martyhomes.com or adam@martyhomes.com
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 M ay 4, 2 0 17
“Your East Vancouver Real Estate Experts!” #2-224 E.12TH AVE.
$529,000
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 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 2669 W.10TH AVE.
$1,599,000
SELDOM ON THE MARKET: 3 BED - 2.5 BATH 1662 SQ.FT. TOWNHOUSE IN KITSILANO An absolute 10! Convenient & private location for this 1,662 sq.ft. 3 bed, 2.5 bath townhouse in Kitsilano. Airy main floor w/ a contained, renovated Kitchen & separate pantry. Open concept for the Lvg room (w/ gas fireplace) & dng room accommodating house-size furniture. A full wall of windows overlooks a private, unique 477 sq.ft. deck (gas hook up). Retreat and relax in the very generous master bed with soaring vaulted ceiling & big bay window. The 2nd bedroom rivals in size & ceiling height with a walk-in closet. Best for last: the bright eagle’s nest top floor bed w/ its very own en-suite w/claw foot bathtub. Storage galore throughout incl. crawlspace. 1 secured parking. 1 visitor parking. 2 cats or 1 dog welcomed. No rentals allowed. This home will fit many lifestyles and is such a pleasure to show!
GREAT LOCATION CALLS FOR GREAT OPPORTUNITY! 525-527 MALKIN AVE.
$1,875,000
NEW LISTING
Calling all builders, Developers and forward thinkers alike! 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!
1 BED – 1 BATH – 508 SQ.FT. – WEST END LIVING AT ITS BEST! 609-1040 PACIFIC ST.
$399,000
Some call it living on the Peninsula, others the West End. 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?
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 OPEN SAT 2-3PM
$1,749,000
OPEN SAT 2-4PM
Taking our Listings Global $1,700,000
1806-111 E. 1ST AVE. $1,950,000
$547,000 ATTENTION BUILDERS – HUGE LOT
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 HOME ON THE DRIVE WITH RT-5 ZONING Fully renovated, well-kept home on “The Drive”. Unfinished basement for extra bedrooms or inlaw 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
LARGE 1 BEDROOM IN MOUNT PLEASANT
Spacious 1 bedroom condo in Mount Pleasant. Fully renovated in 2015. Mountain views from living room and G IN balcony. Pet and rental friendly! T LIS W 319 – 2222 PRINCE EDWARD ST. E N
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M AY 4, 2 0 17
Bob Bracken
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
NEW
CAMBIE 7 UNIT BUILDING ON BIG LOT
4 UNITS
PRICE
CAMBIE MULTIFAMILY 6+ UNIT BUILDING
7 UNITS
INCOME
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
FERNANDO MORETTI
NORM FLOCKHART
PREC
fernandomoretti@telus.net
(604) 261-7275
604-255-8779 NEW LISTING
$1,538,000
OPEN HOUSE SUNDAY 2-4 PM
13 Year Member of MLS Medallion Club
2509 East 22ND Avenue, Renfrew Heights, Van East 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.
$1,298,000
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
UNDERVALUED BUY!!!!! T& SA
EN 0-4 OP 2:3 N SU
PM
- Newly update, 20 year old Townhome - Large Bedrooms, loads of storage & closets space - New Flooring, Bright Spacious, Open Layout, Quiet location - Private Yard, 10 min to DT, transit steps away. - Good schools and parks, - Pro-active strata, Pets and Rental OK - Parking & Large storage locker incl - Call today to arrange a viewing before its gone!
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
PRICED AT $788,000 That $565 Sq.Ft!
#34 3439 TERRA VITA PLACE, VANCOUVER MICHAEL RAGOSIN 604.644.0550
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld
3 Bedrooms, 2 1/2 Bath, 1405 sqft Townhome
Managing Broker
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
Sutton Westcoast Realty
The Week in Real Estate
VANCOUVER EAST
Detached
Attached
13
Top sale price***
Median sale price** Detached
Attached
$1,355,000 $699,000
746
* Total units registered sold April 21-27 † Listings as of April 27
Detached
$1,953,000
Attached
$960,000
Days on Market††
Active Listing† Detached
8
HOME SALES*
Attached
272
** Median sale price of units registered sold April 21-27 †† Median days of active listings as of April 27
Detached
58
Attached
19
*** Highest price of all units registered sold April 21-27
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M ay 4, 2 0 17
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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 FFree ree 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
ROYAL PACIFIC R E A LT Y
MASTER
JULIANA HO 778-869-9688 www.JulianaHo.com Juliiho@gmail.com
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!
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M AY 4, 2 0 17
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M ay 4, 2 0 17
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VANCOUVER EASTSIDE
THURSDAY, MAY 4, 2017
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
Sales at Sun Towers are Truly Sizzling S pectacular views, luxurious homes and a private residence club to rival a five-star hotel … welcome to Sun Towers. Unlike anything you’ve seen in Burnaby before, Belford Properties has launched a 41-storey tower, the final tower in the Golden Row – one of five cosmopolitan condominium towers, which will rise along Beresford Street in Metrotown. “Location is king and Sun Tower’s signature location on Beresford Street is hard to beat,” says Matt Pesklewis, project director at Key Marketing. “Convenient transit access is so desirable, and you can’t get better access than here, we’re only 40 metres from Metrotown Skytrain station.” Great location doesn’t just mean transit access. “Metrotown is a vibrant urban hub at the centre of Metro Vancouver”, adds Pesklewis, “There’s a great energy here, good shopping, wonderful dining, fantastic parks; it’s got it all.”
Set to become a landmark high rise, Sun Towers promises to elevate sophistication and elegance to a whole new level. Designed by the awardwinning IBI Architects, the minute you walk into the Sun Towers two-storey lobby, with dedicated concierge, you feel like you are in a sophisticated hotel. This unique selection of thoughtfully designed homes – comprising one-, two- and three-bedroom residences – are walking distance to parks, trails and recreation, while also providing immediate accessibility and convenience to the province’s largest shopping centre. Adjacent the BC Parkway – a walking, cycling path that connects New Westminster to Vancouver – Sun Towers is an exclusive collection of 285 residences ranges in size from 518 to 1,048 square feet, as well as a mix of office and retail space, including a restaurant and daycare facility. The homes are designed with an obsession
for detail and timeless quality, featuring an elegant mix of natural materials. Space feels open and bright, yet comfortable and warm. For your comfort, each home is equipped with in-home heating and air conditioning. The sleek gourmet kitchens are equipped with high performance German-made Bosch appliances, which are seamlessly integrated into the custom designed German Nobilia cabinetry with Quartz countertop and full marble slab backsplash – adding a truly sophisticated aesthetic. The hotel-style bathrooms feature oversized floor and wall tiles in a timeless Carrera marble design and a floating Nobilia vanity to complement the sleek faucets and spa-inspired feel. The fitness centre is part of the Solaris Club – a complimentary private club for owners, spread over three floors offering an incredible mix of amenities, including a 60-foot swimming pool,
sauna, steam room, hot tub, badminton court and state-of-the-art fitness centre with members’ lounge and kitchen with dining room. Then there’s the Sky Garden, an incredible 6,700-square-foot outdoor rooftop space with a child’s play area, outdoor BBQ and dining area, ping-pong, fire pit with surround lounge seating, hammocks and a sculpture garden – this is a true oasis in the sky. Sun Towers sales were launched in early April and 100 per cent of the units within the initial release were sold out within 10 days, with more than 90 per cent of those sold to local buyers. The remaining 10 per cent of held-back units are now set to be released – so be quick, or you’ll miss your chance to own a home in this iconic building. For more information or to register for the nal sales release, call 604-336-0899, email info@suntowersmetrotown.com or visit www.suntowersmetrotown.com today.
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