Royalty Listings Magazine // Issue 9

spring 2012

TIps from our Realtors速!

Meet them on page 10

bank of canada interest rate decision p.09

investment property vs. mutual funds

how to invest your money p.17

60

commercial + &Residential, Development opportunities!

104 1420 E 7th Av, Vancouver

#

tyler gump 676 sq.ft • 1 bedroom & 1 bath High-end finishing, laminate Fully renovated suite in trendy area

1406 565 Smithe St, Vancouver

#

nasser fazli 524 sq.ft • 1 bedroom & 1 bath Luxury finishing, open floor plan City & garden views

$285,000

2322 938 Smithe St, Vancouver

#

karim lalji 612 sq.ft • 1 bedrooms & 1 bath Penthouse level condo, open plans Views of city skyline

3401 1028 Barclay St, Vancouver

karim laiji 1,222 sq.ft • 2 bedroom & 2 baths Well laid-out with luxurious finishings City view, close to everything

$1,215,000

moe khalilbeigi 592 sq.ft • 1 bedroom & 1 bath Partial water and mountain views Many upgrades

$425,000

$419,800

1101 1833 Crowe St, Vancouver

#

thomas chung 1,125 sq.ft • 2 bedrooms & 2 baths Adjacent to Olympic Village Close to shopping and transit

1003 1188 W Pender St, Vancouver

#

soroush babaeian 610 sq.ft • 1 bedroom, 1 bath Fully updated with laminate flooring Custom TV unit, open floor plan

$948,000

$449,000

#

2203 1200 W Georgia St, Vancouver

#

409 1212 Howe St, Vancouver

#

saleem dhalla 750 sq.ft • 2 bedroom, 2 baths Rarely available floor plan Close to transit, shopping

$484,900

$469, 000

2705 5380 Oben St, Vancouver

#

jenny wang 816 sq.ft • 2 bedrooms, 2 baths Penthouse at URBA building Mountain, water and city views

$489, 900

tel: 604.728.6898 email: info@cartoccirealestate.com web: www.cartoccirealestate.com

Paolo Cartocci "Assurance in Real Estate, Confidence in Clients." not intended to cause or induce breach of an existing agency agreement

1108 Highland Place,W. Vancouver SOLD $2,475,000

Spectacular views from every principal room of this beautifully appointed traditional home. Recently remodelled and situated on a quiet child-safe cul-de-sac, bright open floor plan with formal & informal living, a gourmet kitchen, elegant master & ensuite, 5 spacious bedrooms, 3 1/2 bathrooms, super games room and an unparalleled ambiance by use of tasteful upgrades. Truly a most impressive home!

1104 – 1320 Chesterfield Av, N.Vancouver 2 Bed, 2 Bath 844 SqFt

$619,000

View! View! View! Unobstructed, immaculate, breathtaking views of full Ocean, Downtown, West Vancouver, Islands and North mountains! Over $30K has been invested into renovating this one-of-a-kind unit including Fir built-in cabinets and dressers that have been mounted in the bedrooms, living room home-theatre system and bathrooms. Electric fireplace has been removed and turned into a mantle to open and intensify the gorgeous view. Dark laminate floors, stainless appliances and large granite counter-tops for the perfect cozy-home feel. Well priced for your first home or RENTAL INVESTMENT OPPORTUNITY located in Central Lonsdale!

21 – 251 W 14th St N.Vancouver

3004 – 1211 Melville St Vancouver

3 Beds 2 Baths, 1,413 SqFt Newly renovated New floorings, carpets, bathrooms

3 Beds 3 Baths 9 ft ceiling 2 parking spots & one storage

$599,000

$1,550,000

3641 Knight St, Vancouver

3643 Knight St, Vancouver

sahar barati

sahar barati

1,165 sq.ft • 3 bedroom & 2 baths 2 story home with basement Contact agent for more info

1,165 sq.ft • 3 bedroom & 2 baths 2 story home with basement Contact agent for more info

$789,000

1408 E 1st St, Vancouver

$789,000

1410 E 1st St, Vancouver

sahar barati

sahar barati

1,920 sq.ft • 5 bedrooms & 4 baths Brand new house Contact agent for more info

$899,000

1,917 sq.ft • 5 bedrooms & 4 baths Brand new house Contact agent for more info

$899,000

204 919 Station St, Vancouver

202 1819 Pendrell St, Vancouver

#

jenn kwok 980 sq.ft • 1 bedroom, 2 baths Luxurious 2-level loft 18 ft ceilings, floor-to-ceiling windows

irina novinska 855 sq.ft • 2 beds & 1 bath Best value in West End Recently updated, close to beach

$498,800

903 1790 Bayshore Dr, Vancouver

#

hida zand 1,310 sq.ft • 1 bedroom & 1 bath Spacious & meticulously updated Excellent amenities

701 1710 Bayshore Dr, Vancouver

hida zand 1,174 sq.ft • 2 bedrooms & 2 baths Overlooking Stanley Park, Marina Hardwood floors, A/C, and insuite

$929,900

#

saleem dhalla 868 sq.ft • 1 bedroom & 2 baths Nice floor plan Close to everything

$544,900

$539,000

3003 838 W Hastings St, Vancouver

2101 388 Drake St, Vancouver

#

hossein yazdi 816 sq.ft • 2 bedrooms & 1 baths Spectacular water and city views Bright spacious corner unit

#

nasser fazli 1,220 sq.ft • 2 bedrooms & 2 baths Executive layout with open den Completely renovated in 2004

$750,000

$639,900

#

608 1008 Cambie St, Vancouver

#

3001 1205 W Hastings St, Vancouver

#

milad khavari 2,500 sq.ft • 3 bedrooms & 3 baths Beautiful modern/open penthouse 270 degree view of inlet

$3,488,000

$775,000

3706 1011 W Cordova St, Vancouver

#

ghazal igani 2,320 sq.ft • 2 bedrooms & 3 baths Fantastic ocean & city views Top-of-the-line appliances

$3,798,000

309 8451 Westminster Hy, Richmond

#

meysam soltani 628 sq.ft • 1 bedrooms & 1 baths New appliances, freshly painted Show room condition

$238,800

606 9133 Hemlock Dr, Richmond

#

sam sahmani 981 sq.ft • 2 bedroom & 2 bath Excellent layout, spacious floor-plan Sought after NE corner unit with views

$525,000

905 200 Keary St, New Westminster

#

dan preston 870 sq.ft • 2 bedrooms & 1 bath Bright and very spacious Close to everything, view of river

$329,900

328 8860 No1 Rd, Richmond

#

adrian pereira 1,060 sq.ft • 2 bedroom & 1 baths Newly renovated corner unit Close to mall and transit

208 8860 No1 Rd, Richmond

#

adrian pereira 1,234 sq.ft • 3 bedroom & 2 baths SW corner/end unit Bright, spacious, quiet

$328,000

$248,000

7024 Barkley Dr, Delta

mahmood ahamed 2,494 sq.ft • 5 bedroom & 3 bath Totally renovated, quiet street Popular Sunshine Hills location

10963 64th Av, Delta

mike fuji 2,372 sq.ft • 4 bedroom, 4 bath Huge sun deck in very private yard Many upgrades

$566,000

#207 74 Miner St, New Westminster

mahmood ahamed 1,236 sq.ft • 2 bedrooms & 2 baths Great Town Center location Bedrooms separated on each side

$335,000

$598,000

202 5078 Irving St, Burnaby

#

amy nguyen 1,242 sq.ft • 2 bedrooms, 2 baths Steps to skytrain, schools, & Metrotown Great layout with a large kitchen

$418,000

3410 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 6 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

$799,000

1806 1178 Heffley Cr, Coquitlam

#

iman mogadam 618 sq.ft • 1 bedroom, 1 bath Steps to skytrain, shopping Spacious open layout

$265,000

601 3355 Cypress Pl, WestVancouver

#

3402 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 6 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

3424 Gislason Av, Coquitlam

omid khorsravi 3,753 sq.ft • 6 bed, 6 bath Single family craftsman style homes Walking distance to shopping, transit

$869,000

3460 Garibaldi Dr, NorthVancouver

iman mogadam 2,000 sq.ft • 3 bedrooms, 3 baths Renovated home in Roche Point Sitting on 4520 sq.ft lot

$808,000

1450 Fulton Av, WestVancouver

shahin behroyan 2,000 sq.ft • 2 bedrooms & 3 baths Luxury apartment, high-end appliances Ocean and city view

kam nouri 1,720 sq.ft • 2 bedrooms & 1 baths 7000 sq ft lot in desirable Ambleside Partial ocean views, close to everything

$1,536,000

$1,348,000

$854,000

314 4833 Brentwood Dr, Burnaby

#

milad khavari 842 sq.ft • 2 bedrooms, 2 baths Open concept floor plan Covered balcony

$386,000

7718 Mayfield St, Burnaby

sahar barati 3,444 sq.ft • 8 bedrooms & 6 baths Large bright rooms, laminate floors Radiant heating

$1,299,888

28702 104th Av, Maple Ridge

jeannie gagne 5 Acres • Unique Southwest lot Iron Mountain Golf Course Build your dream home!

28650 104th Av, Maple Ridge

jeannie gagne 5 Acres • Lot access by half a cul-de-sac Unique shape Build your dream home!

arun dua 1,283 sq.ft • 2 bedrooms & 2 baths Excellent lot to build your dream home 2 blocks away from beach

$560,000

$577,000

$525,000

5748 Emily Wy, Sechelt

oscar barrera 1,400 sq.ft • 3 bedrooms & 2 bath Bright & cozy rancher on corner lot Vaulted ceiling, fully fenced yard

315 10082 132nd St, Surrey

#

pedram naimi Beautifully updated 1 bed 1 bath Brand new roof and paint Walking distance to tranit, sfu

$325,900

123 Maple Dr, Port Moody

brad soltani 2,706 sq.ft • 4 bed. 4 baths Well-maintained Quiet & safe neighborhood

$889,900

949 Stayte Rd, White Rock

$168,500

505 1677 Lloyd Av, NorthVancouver

#

farid hosseini 667 sq.ft • 1 bedroom and bath Views of downtown and bridge Close to Capilano Mall, Marine Dr

$377,000

28594 104th Av, Maple Ridge

omid khosravi 2,052 sq.ft • 4 bedrooms & 1 bath Beautiful 5 acres, designated heritage 5 years of tax exemption

$675,000

2275 Kelly Av, Port Coquitlam

shahin behroyan 1,700 sq.ft • 2 bedrooms & 1 baths High density 12,236 sq.ft lot Heart of downtown Port Coquitlam

$1,237,000

T

he Bank of Canada left its overnight rate unchanged at 1 per cent for the twelfth consecutive meeting. In the statement accompanying the decision the Bank noted that while heightened uncertainty in the global economy has decreased in recent weeks, global economic growth is likely to remain below trend. The Bank also noted that it expects Canadian households to add to their debt burden in 2012, which in the Bank's judgement is the biggest domestic risk to the Canadian economy. Finally, the Bank is forecasting slightly firmer inflation than previously anticipated as a result of reduced economic slack and higher oiler prices.

Bank of Canada Interest Rate Decision March 8, 2012

The Bank of Canada has lately been stressing the word “flexibility� in reference to its inflation target which can be read to mean that it will tolerate inflation above 2 per cent, at least in the short-run. The situation in Europe along with concerns over rising Canadian household debt is obviously taking precedence over mild inflationary pressures in the minds of monetary policy-makers. Given recent weakness in Canadian labour markets and the extent of downside risks to the Canadian economy, it is unlikely that the Bank of Canada will move on interest rates in 2012.

Mortgage Cheat Sheet

Mortgage Rate

Monthly Payment (for every $100,000 loan and 300 installments)

2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 3.75% 4% 4.25% 4.5% 4.75% 5% 5.25% 5.5% 5.75% 6% 6.25% 6.5% 6.75% 7% $424 $436 $449 $461 $474 $487 $501 $514 $528 $542 $556 $570 $585 $599 $614 $629 $644 $660 $675 $691 $707

omid khosravi

michael t. hickey

mimi lauzon

jennifer kwok

shahin behroyan

iman mogadam

mohammad vaziri

maryam hassanian

paolo cartocci

omid mashinchi

mahmood ahamed

mana erfani

bita agha hossein

samer sahmani

david snider

sara nouri & kam nouri

jenny wang

justin yvon cote

leigh walker

farid hosseini

saleem dhalla

iman seifi

farhood hashemian

thomas chung

hida zand

christina modonese

hossein yazdi

hamidreza ahmadian

maria belanaic

reza mousavy

sher nima

heather kim

jan-michael flores

shaun raffie

hossein soltani

mohammad khalilbeigi

naghmeh manshadi

adam mazaheri

robert patyk

emilia gonzales

naser fazli

arun dua

ashley cadman

karim lalji

salar sar salari

omid tehrani

kiaffar ghaffari

jeremy bakema

irina novinska

farshad nasirbeigi

mike mehin

managing broker Soroush Babaeian 604.729.4534

leiha fiddler

farzad kossari

henry win

brad soltani

rashid lalani

vince nazari

alnasir jessa

adrian pereira

amir soltani

yuri vlasenko

daniel preston

pedram naimi

kieth grace

arash bahmani

fara ghafari

linda yurechko

meysam soltani

farhad sanai

naser sardari

mary rose kotyakova

azadeh sazegarian

elena vinarskaia

desiree monsurate

shoichi fujii

randy rudland

tesina lejune

sonia o’sullivan

moyez pirani

milad khavari

mel mcconnell

bruce keshavarz

amy nguyen

britney fremeau

hamid teimoori

ron sanyal

ghazal ighani

conrad schwandner

farbod abtin

soroush zonuzi

don ackerman

alan charlton

faye cheveldave

oscar barrera

christine xu

farzin dian

naheed walji

homayoun taheri

tyler gump

shoeleh behinfar

steven corcoran

arman khabbaz

our realtor®

Omid Mashinchi

O

mid's love of houses and real estate extend back over 7 years.

Omid has built many homes on Vancouver Island and in the Vancouver Area, ranging from mid-range single family units to Luxurious Homes. Omid has learned the housing business from the "ground" up. He operates his own building company "M Lux Homes Inc". and acts as a Project Manager. Several homes in "Sentinel Ridge" Mill Bay area and West Vancouver proudly wear the "Built By M Lux Home" badge.

Born in Iran and raised in Germany.

Omid has been in Canada since 1999.

He has vast contacts throughout Europe, United States and the Middle East. Omid fluently converse in several languages (German and Farsi) in addition to English.

Omid's achievements include membership in the "Medallion Club" of the Greater Vancouver Real Estate Board. He is continually in the Top 10% of all Realtors® in the Lower Mainland and one of the top Realtors® at

Royalty Group Realty. He started his Real Estate career at Sutton Group West Coast Realty (West Vancouver) and within a year he is one of the top agents in his office.

Omid looked for a new challenge and in August of 2010, he joined the Royalty Group Realty company. Omid has always respected the professionalism and support that this organization offers their agents and he looks forward to utilizing this support to take his business dealings up and over the next "mountain".

Almost a decade in Real Estate Business, Omid has sold hundreds of homes in the Vancouver and Lower Mainland Area. He has built his reputation on providing the customer with outstanding service at all levels.

He has strong negotiation skills and believes in providing excellence in all business transactions.

Call Omid today at 604.771.6996 or email omid@royalty.ca.

2,217 sq.ft • 4 bedrooms & 3 baths

3712Venables, Burnaby

$948,800

Well kept Vancouver Special in quite Willingdon Heights with southwest views featuring hardwood laminate flooring, tiles, granite entry, granite & marble countertops, new stainless steel (counter depth Jenn-Air) fridge, new stainless steel Bosch dishwasher, new washer & dryer, Jacuzzi tub, 2 marble fireplaces, built-in vacuum, alarm & video camera intercom, radiant heat, tile roof, double garage. Walk out to a beautiful wood deck in your fully fenced backyard with a private rolling driveway gate. Basement is suitable. Close to schools, transit, shopping. All measurements approximate, to be verified by Buyer.

2102 400 Capilano Rd, Port Moody

15 130 Brew St, Port Moody

#

omid mashinchi 1,070 sq.ft • 2 bedrooms & 2 baths Mountain + City Views Well-designed open floor plan

omid mashinchi 1,340 sq.ft • 3 bedrooms & 2 baths Urban designed townhome, open plan Spectacular amenities

2101 535 Smithe St, Vancouver

omid mashinchi 760 sq.ft • 2 bedrooms, 2 baths Brand new corner unit, HST paid Beautiful city view, close to everything

2601 918 Cooperage Wy, Vancouver

#

omid mashinchi 658 sq.ft • 1 bedrooms & 1 bath Waterfront building overlooking city Laminated floor, quality finishings

2204 565 Smithe St, Vancouver

omid mashinchi 798 sq.ft • 2 bedrooms, 2 baths High-end finishing, appliances Beautiful city view, close to everything

$748,800

omid mashinchi 854 sq.ft • 2 bedrooms & 2 baths Ground floor with a nice patio Close to everything

$208,800

1906 2982 Burlington Wy, Vancouver

#

omid mashinchi 1,174 sq.ft • 2 bedrooms & 2 bath 270 degree view of Mt. Baker Centrally located, close to transit

$468,800

$596,000

#

#

$498,800

$438,800

#

121 12238 224 Av, Maple Ridge

#

1105 822 Seymour St, Vancouver

#

omid mashinchi 564 sq.ft • 1 bedrooms & 1 bath Walking distance to shops, transit Prime downtown location

$398,800

$528,800

3702 1408 Strathmore Me, Vancouver

#

omid mashinchi 982 sq.ft • 2 bedrooms & 2 bath Beautifully renovated SE corner unit View of False Creek, park

$888,800

A c c e n t u at e t h e Q u a l i t y t: 604.719.3827 | f: 604.569.0568 | www.primehood.com

alan charlton

604.787.7357

5 Unit Mix Use Strata Building Entire Strata Complex including Strata Corp. BCS2629.

Location, Location; Across from the New Ever Green Line Current Potential Cap Rate is over 4%

$2,975,000 801Vancouver St, Creston daniel preston

604.617.5981

85 unit senior rental building Ready to complete, incl. proforma permits, plans, appraisal Primary service in place, foundation in place Vendor Take-back Financing Available

$1,990,000 1308 5th Av, New Westminster daniel preston

604.617.5981

Proposed 39 apartment units & 7 townhouse units Total building area of 49,241 sq.ft 72 Parking spaces

$2,690,000 Telegraph Trail, Langley alan charlton

604.787.7357

91.6 Arces across from the Belmont Golf Course Largest privately held Parcel this close to Vancouver Heart of the Diamond Triangle, a developers dream Sitting on #1 Hwy with two accesses

$9,998,000

Developments

101, 104 - 2801 St Johns & 106, 110, 114 Moody St, Port Moody

Commercial Listings

Edo Japan

840 3041 152nd St, Surrey

#

michael hickey Newly built, free-standing Located in busy stripmall Sales strong and growing

Acting School

CONFIDENTIAL

michael hickey Very profitable & well managed Fully accredited programs Over $150,000/year in profits

michael hickey Fitness centre in Pitt Meadows Profitable & stable membership Good long term lease, great equipment

604 21 Water St,Vancouver

#

$149,000

Construction Business

889 Harbourside Dr, N.Van

omid mashinchi Established Construction company.

For more information please call Realtor速.

$88,000

Gastronom European Deli

154 4800 No.3 Rd, Richmond

#

elena vinarskaia Desirable fully leased complex Steady customers, 15 years of goodwill Super family business

$54,900

$299,000

$400,000

Safe Jewelry

CONFIDENTIAL

moe khalilbeigi Currency exchange and jewellery store Very busy location, 4 year lease High-end, fully decorated

michael hickey Roofing business in Sunshine Coast 20 years of outstanding service Net over $150,000/yr

1849 Lonsdale Av, N.Van

$120,000

CONFIDENTIAL sonia o`sullivan Renovated West End restaurant 50 seats, full commercial kitchen Liquor license until 1am. Rent $4,900

$40,000

$249,000

Kinesiologists

101 2025 Broadway Bb,Van.

#

michael hickey Personal training & physiotherapy Equipments included Well-established, Kitsilano location

$79,900

Today 1) Mutual Funds -$80,000 2) Lump Sum Payment -$80,000 3) Real Estate -$80,000

Month 1...

-$650 -$650 -$650

Year 25 $703,000 $461,500 $1,200,000

investment property vs. mutual funds I was chatting with a client recently around tax time who was deciding what to do with a savings she had of $80,000. She’s a home owner and is comfortable enough now to start putting some money away for her retirement. She was debating two different options.

1. Put $80,000 into mutual funds and contribute $650/ month Historical mutual funds rates show you’d expect about 6% a year. End result is $807,600.

2. Put $80,000 towards her mortgage and put $650/month into mutual funds She would save $34,000 in interest; get her $80,000 on resale Earn $450,500 at the end of 25 years on the mutual funds Total of $565,500 This got me thinking and I crunched some numbers for her and I came up with another option:

vANCOUVER sELLING iN

.com

Visit my website for more valuable info

ped Naimi

3. Buy an investment property Use the $80,000 to put 20% down on a $400,000 condo. At today’s mortgage rate your payments will be $1,850/month including your strata fees and property taxes. It will rent for around $1,200, which means you’ll be putting $650 a month towards it. With a modest growth of 5% a year your condo is worth $1,355,000 in 25 years. Considering your initial investment and realtor fees you can expect to net about $1,200,000 when you sell it. Even after taking into account capital gains tax and accounting for some vacancy you’re still way ahead.

personal real estate corporation

t: (604) 345-3339 f: (604) 800-0250

10 years ago a new one bedroom condo was selling for $203,000.

Today, that same condo is selling for $420,000 on average which means a growth of 7.5% a year. If that trend continues, buying a newer $400,000 condo today means it could be worth $2,450,000 in 25 years!

CONFIDENTIAL

CONFIDENTIAL

CONFIDENTIAL

soroush babaeian Well established Franchise Coffee shop Great location and Exposure High revenues and sales

nava manshadi Famous franchise coffee in downtown Priced to sell, unique opportunity High income, low rent

nava manshadi Famous franchise coffee in tri-city area High traffic, high sales, low rent Long term lease

$429,800

$210,000

$485,000

Retail Property

683 Abbott St,Vancouver

$1,145,000

Incredibly high exposure area Skytrain, shopping, 8 residential towers Leases well, great investment

Building Supplies

confidential

$985,000

Company works directly within the construction industry performing both retail sales and service of their product. Price includes $300K in current at-cost inventory.

Seller`s SDE is >270K with years of historical performance.

Office

604.565.0135

Cell

604.716.4201

Renewal Services

• • • • • • • •

Kitchen renovation Bathroom renovation Flooring Mill working Painting/Staining Basement remodel Addition Office partition

Call for your free consultation!

bathroom renovation for $4999 + tax Call us for more detail *Special offer is for basic bathroom renovations up to 9’x5’ in size and includes changing of tub, vanity, toilet and tile. Material not included.