THEVLIST - Winter 2008

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VIRANI REAL ESTATE ADVISORS NOVEMBER 2008 604.913.1000 WWW.VIRANIHOMES.COM Virani is Vancouver. Vancouver is Virani. 3090 Spencer Drive

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Our Vision is to be "The Most Admired Real Estate Company In One Of The World's Most Admired Cities." Admired for our high regard we have for everyone we come in contact with. Admired for our ideals and for our inventiveness. Admired for our always-enthusiastic attention to detail and the completeness of the range of services we provide. And admired too for the support of the community we serve. Our entire focus is on the City of Vancouver. Many places will catch your eye. Vancouver is one of the world's few great cities that also catch your heart. We're proud to be part of it.

Transcript of THEVLIST - Winter 2008

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V I R A N I R E A L E S T A T E A D V I S O R S N O V E M B E R 2 0 0 8

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Virani is Vancouver. Vancouver is Virani.

3090 Spencer Drive

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Cert no. SW-COC-002226

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©2008 Virani Real Estate Advisors All rights reserved. This magazine and all the contents contained are protected by copyright law. It may not be reproduced, transmitted or stored in a retrival unit of any kind in whole or in part without the prior written permission of Virani Real Estate Advisors. This communication is not intended to cause or induce breach of existing agency agreements.

VIRANI REAL ESTATE ADVISORSTHE VILLAGE AT PARK ROYALJ4–925 MAIN STREETWEST VANCOUVER, BC V7T 2Z3604.913.1000

KARIM VIRANIFOUNDER

HANEEF VIRANIPARTNER

FRANK KEARNEYMANAGING BROKER

MONICA VIRANICLIENT CARE

CLAIRE GODFREYREAL ESTATE ADVISOR

CHRIS HARBURNREAL ESTATE ADVISOR

DAVID MATIRUREAL ESTATE ADVISOR

KRYSTAL MEEDSREAL ESTATE ADVISOR

SERENA SELLENTINMEDIA COORDINATOR

VERONICA SMITHCLIENT CARE

The last few months have changed the real estate and fi nancial markets a considerable amount. Over the last few years we have witnessed a boom that is arguably the highest creation of new wealth. We have seen the real estate market soar; however, there has been a downward correction trend in the recent months.

In my 21 year career I have experienced four periods of price corrections. These have historically been the best opportunities for would-be home owners and investors to purchase real estate. Currently the interest rates are low, there is a good selection of homes in the market and sellers are willing to negotiate. This also gives a great opportunity to sellers that would like to

upgrade, as the fi nancial gap is smaller.

The new opportunities include an adjusted lower price, innovative fi nancing and trades. For the fi rst time in years sellers may consider “subject to sale” offers. I believe the coming months will be the most favorable time to buy real estate. For a market update please feel free to contact one of our Advisors.

Sincerely,

Karim Virani

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West Vancouver Market CommentWest Vancouver has always been well-known for its luxury real estate. Situated on the mountain side it offers wonderful south exposure views and numerous beautiful waterfront properties. West Vancouver attracts many international celebrities and buyers from Asia, Europe and many places afar, and over the last number of years it has enjoyed a very healthy growth. There is a possibility in the near future that we shall be including the Squamish real estate market in our West Vancouver Comment; the growth of the Squamish market has been unprecedented in recent years and is still continuing.Virani Real Estate Advisors focuses on marketing noteworthy homes. Please feel free to contact us to have your property valued.

1109 Hillside Rd.For the Most Discerning

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Stunning residence set on over half-acre lot. This home boasts beautiful views, Miele and Kitchen Aid appliances, radiant heating, top of the line Kohler bathroom fi xtures, home theatre, built-in speakers, Ipod capability, Saline pool, Jacuzzi with waterfall, outdoor dining area, 500 bottle wine cellar, and home gym.$6,700,000

V I R A N I R E A L E S T A T E A D V I S O R S

303-2210 Chippendale RoadGolden Autumn Sunsets

This fully gated estate - like residence on prestigious Eyre-mount Drive exudes elegance and opulence. 7,000 square feet, 6 beds and 8 baths (6 full ensuites). Custom built to the highest of standards with luxurious fi nishings including extensive use of imported granite and custom millwork, this home is truly a work of art!$5,888,000

1083 Eyremount Dr.Grand Residence!

WEST VANCOUVER

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Take this opportunity to enjoy an amazing, rarely offered oceanfront property in the heart of West Bay. Panoramic views of the city and ocean from your patio and just a step away from the beach below. Surrounded by multi-million dollar estates, this private and serene property is waiting for you to make it truly exceptional!$5,199,000

3304 Radcliffe Ave.Beachfront Living!

3090 Spencer Dr.Altamont Estate!

Gorgeous Altamont show home on a fully landscaped half-acre lot. Quality workmanship through this 7,000 square foot home which exudes modern class and elegance and offers all the attributes of a true dream home. From the gourmet kitchen to the fabulous outdoor entertaining area this home emits a wonderful emotion!$5,250,000

5530 Parthenon Pl.Life on the Water

Stunning and private waterfront residence offering unparalleled views from all 3 levels and approximately 5,700 square feet. An entertainer’s true dream with magnifi cent outdoor areas complimented by the vast indoor rooms fi lled with light from the fl oor to ceiling windows. A very exclusive offering!$4,988,000

1015 Eyremount Dr.Form and Beauty!

Contemporary Lamoureux designed home with fabulous city and water views. This 2 level home features a fl oating staircase, gourmet kitchen with built ins, large formal living and dining area with double height ceilings, spacious spa like bathrooms with use of slate and granite. Situated on a large private level lot with 3 car garage.$4,388,000

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WEST VANCOUVER

785 Esquimalt Ave.GRAND ESTATE!

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2440 Halston Ct.Whitby Estates

Enjoy spectacular views from all 3 levels of this 2 year old home. Gourmet kitchen with Wolf and Sub Zero appliances, butler’s pantry and built in wine fridge. All bedrooms are complete with ensuited bathrooms including a luxurious master suite, guest/nanny accommodations on main level and 2 additional bedrooms below.$4,288,000

2698 Finch HillSundrenched Patios

Unobstructed city and ocean views from this 4 year old David Poskitt designed luxury home. This 7 bedroom, 8 bathroom home features a combination of marble and oak fl ooring, gourmet granite and stainless kitchen, in-fl oor radi-ant heating, built-in speakers throughout, huge entertain-ment patios and decks and an outdoor hottub, all on a .5 acre lot. $3,999,990

1379 Chartwell Dr.Spectacular Chartwell Dream Home!

Gorgeous city and ocean views from this 1 year custom home boasting 3 levels of exquisite living with the highest standard of fi nishes throughout. From media room and outdoor pool to the gourmet kitchen and wine room, nothing has been overlooked in making sure this home provides all the qualities of a true dream home!$4,188,000

V I R A N I R E A L E S T A T E A D V I S O R S

Nothing has been overlooked throughout this luxuriously appointed residence; open plan living is offered throughout, boasting large orincipal rooms, 5 bedrooms and 7 bathrooms. From custom omported fi nishes to the magnifi cent outdoor waterfall, putting green, and lush landscaping. This 6,700 square foot home is truly amazing. $3,998,000

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1080 Eyremount Dr.Elegant Living!

Brand new on Eyremount Drive. This estate-like residence sits on an over 18,000 square foot lot of fully landscaped gardens containing an impressive water feature. The interior boasts rich fi nishings, gleaming hardwood fl oors, high end appliances, private and secure offi ce with separate entrance and 10 year New Home Warranty.$3,988,000

655 Fairmile Rd.Entertainers Paradise!

Welcome to your very own private oasis. Located on the golden mile and set on over half an acre estate sized lot with fabulous ocean and city views. A gated driveway leads you to the home which boasts rich fi nishings throughout, beautiful outdoor pool and spa, indoor/ outdoor fully equipped kitchen and built in BBQ and cabana.$3,799,000

2397 Constantine Pl.Tremendous Value

Stunning views from this luxurious home in the prestigious Whitby Estates on a quiet cul-de-sac location. Over 6,000 square feet of living space with 4 bedrooms and 6 bathrooms. Each Bedroom features its own private ensuite. Take in views from one of the many covered balconies and decks. Downstairs features a large rec area, perfect for entertaining. $2,999,000

792 Southborough Dr.Lower British Properties!

Stunning brand new custom built 5 bedroom and den home located in the Lower British Properties. A 17,000 square foot lot and over 6,300 square feet on 3 spacious levels with open plan and high ceilings throughout. Top of the line fi xtures and fi nishes plus 4 ensuited bedrooms, full wine cellar, and home theatre.$2,995,000

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FEATURE HOME

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2695 Marine Dr.West VancouverDundarave Charmer!

Charming Dundarave family home with stunning close-in ocean views. The interior has been updated and features engineered Red Oak fl ooring, a gourmet kitchen, granite countertops, high end stainless appliances and a spacious eating area. Huge formal living room opens through French doors to the fantastic outdoor entertainment space, large patio with gas hook up and fully landscaped very private fenced yard. Media and recreation room below with an additional 4th bedroom/offi ce. Fantastic corner lot steps to the beach and shopping!$1,599,000

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3823 Marine Dr.Luxurious Living

Semi waterfront 7 bdrm residence with breathtaking ocean views on a large estate like private lot with a gated paved stoned driveway. The interior boasts a gourmet kitchen with granite countertops and stainless steel appliances. Master suite with luxurious ensuite bath and massive private deck showcasing the amazing views. $2,799,000

4893 Northwood Pl.Endless Views!

Unlike anything you’ve seen, is this stunning OCEAN VIEW HOME located at the end of a cul-de-sac on a rare over 1 acre lot! From the massive entertainment patio overlooking the view to the spectacular huge indoor pool area, this home will leave you breathless. With recent renovations, this immaculate residence is sure to please!$2,928,000

Finely crafted West Coast architectural home located in the prestigious British Properties. Over 5,000 SqFt on 2 levels, this home boasts exquisite fi nishings and the utmost attention to detail. High vaulted ceilings, wide plank walnut fl oors, open fl oor plan and entertainment-sized patios. A rare offering!$2,588,000

355 Mulgrave Pl.West Coast Splendor!

3828 Bayridge Ave.Refreshing Designer Flair

Gorgeous, close-in harbour and water views from this com-pletely rebuilt and renovated, Mason Kent designed home, located in the prime part of Bayridge. This home features a great room, separate living room, exercise room, games room, media room, den, 4 bedrooms, 4.5 bathrooms includ-ing 3 ensuites, 3 gas fi replaces and double garage. $2,499,000

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2757 Chelsea Ct.Chelsea Park

Wonderful family home in Chelsea Park situated at the end of a cul de sac. 7 bdrms and 5 baths including spacious 2 bdrm in law accommodation complete with separate kitchen, laundry and entrance. Private fully fenced backyard great for kids in a family oriented neighborhood within walking distance to Collingwood Private School.$2,349,000

956 Taylor Pl.Brand New Craftsman Home

Crafstman style, 5 bedroom home designed to the highest of standards with its rich cedar exterior. Top of the line fi xtures and fi ttings throughout with great use of hardwood and stone. Great opportunity for in-laws or nanny accommodation. Gorgeous outdoor entertaining areas with mature landscaping. $1,998,000

990 King Georges Wy.Street of Dreams!

Lovely close in views of Downtown and the Harbour from this remodeled 6 bedroom, 2 level home. Renovations include cherry hardwood fl oors, granite kitchen and bath counters, new paint, moldings, roof and much more. Other features include a 0.65 acre lot and level backyard. A great opportunity on this prestigious street!$2,388,000

1580 Nelson Ave.All Day Sunshine!

Immaculate 5 bedroom, 5 bath home! This almost 5,000 square foot open plan home is fi lled with all day sunshine and sits on a 75 x 122 lot in Ambleside. Outdoor enjoyment is provided by 2 decks, outdoor swimming pool and large grassy areas. Within walking distance to schools and shop-ping, this home offers a great family lifestyle!$2,388,000

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WEST VANCOUVER

107 Bonnymuir Dr.Totally Renovated

Unassuming, completely redone 2 level home. Boasting updates to the highest of standards including windows, fl oors, lighting, roof and plumbing. Modern kitchen with new to the market stone granite countertops and Luxurious master suite with white maple fl oors and 7 piece ensuite. A large 29,822 sqft lot with 87 ft of frontage. $1,888,000

3796 Westridge Ave.Upper Bayridge View Home!

Spectacular westerly ocean views over lighthouse park to Vancouver Island from this unassuming, 4,500 square foot home located on a quiet cul-de-sac in Upper Bayridge. Numerous updates throughout this home which boasts a great outdoor entertaining area with huge decks and an outdoor pool children will love!$1,988,000

1064 Eyremount Dr.Private Retreat!

Sitting on a large 0.985 acre estate sized lot, this one level home is set amongst lush landscaping overlooking views of the city and ocean. Extremely well maintained, hardwood fl oors, updated kitchen and convenient fl oor plan. Ideal for entertaining, fantastic outdoor space with pool and spa. Features 2 car garage, security gate and private driveway.$1,950,000 Gone!

2496 Folkstone Wy.Salishan’s Finest!

The fi nest location in Salishan fi nds this large 3 bedroom, 3 level, half duplex offering panoramic views from Mt. Baker to Vancouver Island. Absolutely smashing views are offered from all 3 levels and can be enjoyed from the many outdoor decks and patios. A wonderful opportunity to get into this fabulous neighbourhood!$1,988,000

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WEST VANCOUVER

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2392 Constantine Pl.Stunning View Lot

Spectacular city and ocean views from this 14, 126 square foot lot allows you the opportunity to build your dream house with the complete architectural drawings by renowned architects FNDA. Build over 5,000 square feet on 3 levels with 4 bedrooms and 6 bathrooms. In close proximity to all that West Vancouver has to offer. $1,588,000

721 Southborough Dr.Contemporary Flair in British Properties

580 St. Andrews Rd.Just move in!

Completely updated home with stunning views of the city. Features new fl oors, new windows, gourmet kitchen with stainless steel appliances and expansive slate decks. Private in law accomodation below with full kitchen, laundry and separate entrance. Located at the end of a quiet cul de sac. This would make a great family home!$1,599,000

653 Andover Pl.Private cul de sac with views!

Fantastic water and city views from this updated 4 bdrms, 4 bath family home on a quiet cul de sac. Features beautiful hardwood fl oors, separate offi ce/ studio area, 2 car garage, 3 bedrooms up and one bedroom on main level for guests or live- in nanny. Large deck which is great for entertaining and enjoying the views.$1,599,000

Spacious 4 bdrm 1 level family home featuring ocean and city views to be enjoyed from the entertainment sized ter-races. Extensive renovations include brand new limestone kitchen countertops, European hardwood fl oors and teak windows. Sitting on over half an acre lot with beautifully manicured gardens and a huge private backyard.$1,799,000

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945 15th St.Georgie Award Winner

Absolutely breathtaking from the moment you enter this completely redesigned 4 bedroom contemporary home, set on an over 11,300 square foot lot. Behind the gorgeous hardi-panel garden wall, you will fi nd a dazzling waterfall and refl ecting pool that lead you to one of the most spectacu-lar homes this area has to offer.$1,588,000

2228 Mathers Ave.Dundarave Family Home

Set on a sunny south facing lot with large sundeck to enjoy the lovely water views. Spacious living and dining rooms with 10ft ceiling, 4 bedrooms, 4 bathrooms, beautiful master suite featuring 6 piece ensuite, walk in closet and huge balcony. Private backyard perfect for kids and pets, all in a central location.$1,495,000

5780 Telegraph TrailSemi-waterfront

Beautiful semi-waterfront property looking overlooking Thunderbird Marina and West Vancouver Yacht Club. Ex-cellent investment opportunity or build your dream home on this over half an acre lot in a private setting yet only minutes to Caufeild shopping centre, schools, trails and more! Topo-graphical and concept map upon request.$1,488,000

1032 Esplanade Ave.Lower Ambleside

Custom home designed by Mason Kent. Kitchen with stain-less steel appliances opens to large formal living area. 2 bed-room in – law accommodation with separate entrance, and laundry. Features oak fl oors, built in speakers, spacious deck and balconies and 2 car garage. Located steps to the beach and Park Royal Village. $1,475,000

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WEST VANCOUVER

5489 Keith Rd.Mountain Views in Caulfeild

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Surrounded by lovely mountain views, this 3 level home in Caulfeild features 4 spacious bedrooms up and large open living areas on the main. A newer kitchen with granite counter tops and Kitchen Aid appliances, newly fi nished hardwood fl oors, large windows and skylights throughout make this a fantastic family home.$1,399,000

710 Greenwood Rd.Panoramic View Lot!

Enjoy stunning views from this18,000 sqft property in a quiet British Properties location. Excellent opportunity for an investment or to build your dream home. Existing 2 level home in good condition offers 6 bedrooms and in-law accommodation. Very deceiving from street, you must get inside to appreciate the expansive view!!$1,449,000

303-2210 Chippendale Rd.The Boulders

1690 Mathers Ave.Ideal Location!

Tastefully updated family home in Ambleside. Traditional fl oor plan, 3 bedrooms and offi ce upstairs, spacious living areas on main level and open rec room below. Hardwood fl ooring and stylish updated bathrooms with stone tiles and contemporary fi xtures. Features a beautiful private backyard oasis with glass enclosed decks.$1,349,000

Enjoy carefree living, stunning panoramic views and con-temporary design - This spacious suite features beautiful hardwood fl oors, high ceilings, fl oor to ceiling windows and spacious balconies to showcase the views. Gourmet kitchen with granite countertops, top of the line appliances and pri-vate terrace perfect for entertaining.$1,425,000

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VIRANI

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WEST VANCOUVER

5561 Marine Dr.English Gardens

$1,249,000

Very striking, sunny and bright 4 bdrm, 4 bath Tudor style home in Eagle Harbour. Well maintained and updated with high ceilings, skylights, refi nished hardwood fl oors and new roof with lifetime warranty. Private fl at lot and surprisingly quiet, nicely set back from the street featuring lovely gardens, water fountain and front gate.

4711 Woodside Pl.Entertainer’s Delight

Nicely updated 4 bedroom, 3 bathroom home sitting on a totally sun fi lled 19,000 square foot property. This home boasts spacious main fl oor living with upgraded kitchen, new bathrooms, and new carpets. The fl oor plan offers 3 bedrooms on main level including master suite. Fabulous outdoor areas with swimming pool, hot tub, and level yard. $1,299,000

554 Ballantree Rd.Sweeping mountain views

Charming 4 bedroom, 3 bathroom home with 2 levels of living space. Large living room above, updated kitchen with eating area, and spacious family room below. 2 car carport, private yard, mountain views and peek a boo water and city views to be enjoyed from the large sundeck. This is a perfect family home!$1,115,000

New ListWest Vamcouver

New Listing

West Vancouver

Please check onwww.viranihomes.comto view our exclusive listings

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LUXURY HOME

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4718 Woodvalley Pl.West VancouverUltimate West Coast Living!

PHENOMENAL OCEAN VIEWS from this private paradise located at the end of a quiet cul de sac! Com-pletely renovated in 2005 from the walls to electricity, plumbing and heating system. Interior boasts built in speakers throughout, separate offi ce with private entrance, media room, unique wine cellar, 1,000 square foot storage at garden level, 2 laundry rooms, in fl oor radiant heating and HVAC system. Spacious master suite with dressing room, luxurious ensuite, private deck and outdoor spa. Spectacular outdoor living area with 2,300 square feet of hardwood decks, speakers and infi nity pool built into the rock bed. Large 0.634 Acre South facing lot, 2 level mani-cured lawns, vegetable gardens and climbing wall.$3,950.000

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V I R A N I R E A L E S T A T E A D V I S O R S

Profi le

Haneef Virani As Partner at Virani Real Estate Advisors, Haneef Virani draws on his life long knowledge of the North Shore and decades of experience in the service industry. Haneef’s success is attributed to his keen listening skills and demand for his client’s happiness in every transaction. Being part of a successful team for 15 consecutive years, he assures that the service level and negotiating skills are unsurpassed. A proud father, soccer and hockey fan, understanding a families needs comes naturally to Haneef. Specializing in West Vancouver architectural homes and new construction, Haneef ranks in the top West Vancouver Real Estate Teams every year.

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NORTH VANCOUVER

North Vancouver is a bustling city that has seen dramatic changes in some neighbourhoods. It boasts some of the fi nest new subdivisions and quality of lifestyle locations. Although the market has corrected itself, its future depends on the public regaining confi dence and smart sellers adjusting their asking price to meet the current market. For City improvements, B.C has invested $1.0 million towards the expansion of the North Shore Spirit trail. This year Virani Real Estate Advisors has been involved in numerous record breaking sales, including two sales over $2.0 million in North Vancouver. We focus on marketing quality homes that offer tremendous value.Please feel free to contact us at 604-913-1000.

North Vancouver Market Comment

2302-188 East EsplanadeSpectacular Two Level Penthouse

The Pinnacle of The Pier development, this stunning two-level, 1800 sqft Penthouse offers dramatic views of Vancouver’s harbor, city lights and beautiful mountain views. Boasting 1185 sqft of private patio space, 3 view capturing bedrooms, a den, 3 bathrooms and 2 secure parking this is truly an exclusive opportunity.$2,399,900

4435 Sycamore Rd.Exclusive Edgemont Residence

This Custom-Built Estate-Style Craftsman Home seamlessly blends contemporary interior design with traditional layout and style. A luxurious residence offering 6 Bedrooms and 6 Bathrooms, this home is set in a park-like Edgemont location within walking distance of Handsworth Secondary, Canyon Heights Elementary and all that Edgemont Village has to offer.$1,998,000

2302-188 East EsplanadeNestled in the Valley

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535 East 12th St.Grand Boulevard Show Home

Don’t miss this eagerly anticipated Grand Boulevard show home. Resting on a large, level lot, this home’s design and fi nishing has been carefully planned to stand out among the crowd. Beautiful granite, hardwood fl ooring, custom cabinetry and the fl exibility of grand open living areas make this residence a must see.$1,599,000

333 West 15th St. Central Lonsdale Luxury Home

Eagerly anticipated luxury residence in Central Lonsdale’s view corridor.This stunning 5 bedroom craftsman home offers mountain and city views,meticulous architectural design and lavish attention to detail, in addition to boasting a wine room, theatre room, and the fl exibility of a brightin-law accommodation.$1,588,000

254 Holyrood Rd.Contemporary Elegance with European Flair

This special residence offers exceptional custom fi nishes that put it in a league of its own. With white oak fl oors, 10 foot ceilings, top of the line kitchen and bathrooms to name a few. Spectacular views of the City and Lions Gate Bridge, a large deck and beautiful private back yard make this an entertainers dream home.$1,549,000

Ultimate privacy and gorgeous mountain views are offered from this wonderful family residence. Located on one of the most desirable cul de sacs the home is close to Edgemont Village, Grouse Mountain and numerous parks and trails. Backing onto a greenbelt, a large back yard and tastefully renovated, call for a private viewing.$1,450,000

5501 Cliffridge Pl.Ultimate Private Residence

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FEATURE HOME

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4089 Sunnycrest Dr.North Vancouver“Contemporary Masterpiece”

Offering this distinguished custom built residence designed with style, elegance and high end contemporary fl air. The home is located in one of the nicest neighbourhoods and is set on a private sundrenched lot close to Edgemont Vil-lage and numerous schools. Features include a grand open plan, gourmet kitchen with stainless steel appliances, 12 foot ceilings, extensive millwork and well appointed bedrooms. Exceeding the requirements of any living situation the home also has a wired media centre, wine room, expansive recre-ation room and much more. Seize the opportunity to enjoy this incredible home.$2,099,000

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3982 Michener Ct.Exclusive Braemar Home

Rarely available luxury home in one of North Vancouver’s fi nest neighbourhoods. Enjoy the views of Mt. Baker to Vancouver Island from the bright open kitchen, large master bedroom, entertainment patio and southern back yard. This exclusive Braemar residence is located on a quiet cul-de-sac and is a very special home.$1,399,999

2934 Panorama Dr.Waterfront Custom Home

GET AWAY FROM IT ALL…complete WATERFRONT privacy with this 4 bed, 3 bath custom home. Panoramic views from any one of your 6 decks and enjoy a soak in the Hot Tub under the stars while you take in your natural para-dise. Incredibly rare offering boasts Deep Water moorage, a private dock and plenty of room for visitors. $1,199,000

347 East 17th St.Luxury Duplex Style Home

High end style, quality and detailed design are showcased in this incredible home. The gorgeous 6 bed, 2 level home offers 2 legal living areas with great fl exibility for 1,2 or 3 bedroom suite. The lavish design boasts features such as granite counters, stainless kitchens, engineered H/W fl ooring and a large South facing lot$1,388,000

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5505 Cliffridge Dr.Tudor Style Home

This Tudor style residence is being offered to the market for the fi rst time. Special features include 4 big bedrooms and a private den; a family friendly layout with the kitchen and family room opening on to a backyard deck, entertainers sized living and dining room and a very fl exible lower level ready for any familys needs.$1,268,000

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NORTH VANCOUVER

1303-1320 Chesterfi eld Ave.Views, Views, Views!

Boasting views and an unparalleled location are offered from this 2 bed and den. Located in the most sought after Tower of Vista Place, it is no wonder this was the FIRST unit sold in the pre-sale. Ultra modern fi nishing’s, hardwood fl oors, superior fl oor plan and panoramic views make this one of the most desirable places to own.$948,000

313 East 27th St.Excellent value!

Excellent value for this 5year new 2200 sqft Upper Lonsdale home resting on a sun fi lled lot. With 2 bedrooms and 5 bathrooms this home offers great open living areas and the fl exibility of a private above ground studio guest suite. Additionally, this residence is walking distance to great shopping, parks and recreation.$999,900

429 East 11th St.Central Lonsdale Charmer

This immaculate family home rests on a beautifully manicured 7300 sqft lot in the heart of Central Lonsdale. Offering 4 bedrooms, the fl exibility of two kitchens and plenty of entertaining space, this home is ready to suit any family’s needs. An incredibly well maintained family home in one of Vancouver’s greatest areas!$979,000

721 Wellington Dr.Exceptional Princess Park home

Don’t miss this incredible opportunity to live in the desired neighborhood of Princess Park. This home is extremely private, has a large south facing yard, backs onto a greenbelt and is perfect for family life and entertaining. In close proximity to schools, shopping, numerous trails and parks this home is a must see.$899,000

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NORTH VANCOUVER

708-188 East EsplanadeGorgeous Southern City Views

A spectacular 2 bedroom unit with northwest exposure with beautiful views from your own private patio. With an open kitchen and living space, full granite kitchen with gas stove, in-suite laundry and cozy fi replace this home is a must see. Enjoy Lower Lonsdale lifestyle with the Market and fi ne grocers a moment from your door. $599,000

101-3383 Capilano CrescentOne-Level-Living at its Best!

One-Level-Living at its Best! This 2 bedroom and den is conveniently located close to Edgemont Village and just steps away from all the North Shore has to offer. Features include a bright spacious fl oor plan, gas fi replace, large private patio area, 2 parking spots and tons of storage. Call for a private viewing.$725,000

1261 Chamberlain Dr.Ideal Lynn Valley Lot

Ideal south facing 6800 square foot lot with mature landscap-ing located on a quiet cul-de-sac in the heart of Lynn Valley. Great holding/rental property or build your dream home in this vibrant family oriented neighborhood close to great schools, shopping and terrifi c recreation. Current home offers two bedrooms and one bathroom with laminate fl oors and a bright back yard.$699,900

906-188 East Esplanade Spectacular Views

Beautiful city, water & mountain views from this rarely offered South West facing unit. The suite has a lovely open fl oor plan designed for entertaining, gorgeous kitchen and two spacious rooms. Features include granite kitchen counters, hardwood fl oors, stainless appliances, air conditioning & a large south facing balcony.$749,000

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208-122 East 3rd St.Large Private Patio

Over 800 square feet of living space featuring one bedroom, two bathrooms and huge, tranquil private patio with separate gated entrance. This property features high end fi nishings, and boasts hardwood fl oors, gas fi replace, and a beautiful kitchen with stainless appliances, and designer lighting and fi xtures. $349,000

405-124 West 1st St.Lower Lonsdale Living

Graciously updated 2 bed, 2 full bath apartment in trendy lower Lonsdale. This beautiful 981 sqft. home features mod-ern kitchen with updated cabinetry, stainless appliances and granite counters, designer colors and lighting throughout, beautiful gas fi replace, spacious balcony and a unique outlook featuring both water and lush courtyard views.$579,000

601–4025 Norfolk St.Townhome with a View

This unique two level, 3 bedroom townhouse has one of the largest fl oor plans in the complex. With incredible exposure and views of the North Shore Mountains to Capitol Hill, it is one of the best homes Norfolk Terrace has to offer. Finished with top quality materials, the unit has an elegant kitchen, premium stainless steel appliances, huge bedrooms and a large deck.$549,000

101-270 West 1st St.Renovated Patio Suite

This nicely updated 1 bedroom unit features dark laminate fl oors, a recently updated kitchen, spacious 700 sq ft fl oor plan, and loads of in-suite storage or home offi ce space. In addition to a large private patio, this home offers secure parking and storage locker, and is close to all that Lower Lonsdale has to offer.$267,500

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Assignment–West Pender Pl.Coal Harbour Living

Spacious 2,030 square foot luxury suite. Only 2 suites on fl oor, open plan with 2 bedrooms, 3 bathrooms. Kitchen by Dada of Italy with high performance Gaggenau appliances and Sub Zero fridge. Fully air conditioned and entertain-ment sized balcony. Amenities include a rooftop terrace, lounge, pool and state of the art gym.$3,300,000

VANCOUVER

As of September 2008 all constitutions in B.C must meet program green standards for energy and water effi ciency. Details of these new requirements can be viewed at www. Housing.gov.bc.ca/building. The greening of the B.C. Building code is one of the steps being taken to meet the provinces target of reducing green house emissions by at least 33% below 2007 levels by 2020. Helmut Pasterich of Central Credit Union says that the overall price changes we are experiencing are a different type of real estate downturn from what we have seen before. Past triggers like dramatic spikes in mortgage rates or high unemployment are no longer present. Instead he attributes the downturn to affordability and consumer confi dence.

Vancouver’s YaletownCarefree Urban Lifestyle

Vancouver Market Comment

Gone!

Two Harbour GreenWaterfront Luxury

Two Harbour Green–a world–class waterfront develop-ment in Vancouver’s Coal Harbour. Ideally located between beautiful Stanley Park and Canada Place. This is a rare opportunity to own a large 2 per fl oor downtown suite with unobstructed views of the ocean and mountains in one of the most luxurious and exclusive residences.$5,850,000

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VANCOUVER

2503-638 Beach CrescentIncredible Value!

Spacious high fl oor 3 bedroom and den suite at The Icon. Expansive windows showcase the fabulous views and can be enjoyed from the spacious balcony with gas hookup. High end fi nishings, over height ceilings, air conditioning and 2 parking stalls. Benefi t from the spa-like amenities as a member of Club Oasis. Incredible value only steps to the seawall and beach!$1,299,000

3008-1239 W. Georgia St.The best of downtown living!

Panoramic views overlooking Coal Habour, Stanley Park and Lions Gate Bridge from this luxurious suite at The Venus. 1,767 sqft open fl oor plan with 3 bdrms (all w/ensuites) and 4 baths. Features fl oor to ceiling windows, Brazilian cherry wood fl oors, stainless steel appliances, granite countertops and 2 parking stalls!$1,299,000

201-1280 Richards St.Sophistication and Style

Luxurious and stylish two bedroom residence opening onto a street level piazza. 1500 square feet designed and built to international standards of urban life. Award winning gardens and obsessive attention to detail. This is the city’s most architecturally inspired building in the most vibrant neighborhood.$1,495,000

1103-8 Smith MewsFlagship-Assignment

Experience ultimate luxury waterfront living in this 2 bed-rooms, 2 bathrooms perfectly situated suite on 1,238 square feet Open balcony and expansive windows to enjoy the exhilarating water and city. Coopers Park and the seawall are at your door yet connected to Vancouver’s fi nest dining and shopping districts. $1,498,000

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3002-455 Beach CrescentSpectacular False Creek Views

Beautiful views of False Creek in this immaculate unit. Featuring stainless appliances, granite countertops and large master ensuite. Parks, shopping and entertainment dis-tricts are at your doorstep. You will also have access to the buildings amenities including a lap pool and state of the art exercise center. $939,000

3105-602 Citadel Parade St.Ocean Views

Welcome to Spectrum 4 – the fi nal phase of Concord’s development. This 1 bdrm and den suite has a spacious open fl oorplan showcasing the spectacular ocean views. Features laminate fl ooring, stainless steel appliances, glass backsplash, and covered balcony. World class amenities including 24 hour concierge, lap pool and gym.$465,000

3210-610 Granville St.Urban Lifestyle!

Three bedroom penthouse suite at The Hudson with city and mountain views. Open design, contemporary kitchen with polished stone countertops, imported porcelain tile fl oors in bathrooms and Italian marble vanities. Steps to Starbucks, Holt Renfrew, Four Seasons, Vancouver Art Gallery and Paramount Theaters.$999,000

309-888 West 13th Ave.Professionally Renovated, Ideal Location

Completely updated 2 bedroom, 2 bathroom corner unit! Renovations include designer paint, stainless appliances, upgraded baths and kitchen. Enjoy the bright NW exposure from your deck, and cold winter nights in front of your wood burning fi replace. This suite is conveniently located close to VGH, and City Square shopping. $399,000

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Market Watch

After fi ve years, prices begin to realign

“After fi ve years of unprecedented increases, housing prices are beginning to

realign,” REBGV president, Dave Watt said. “Although the economic situation

in the United States has affected consumer confi dence globally, the consensus

view remains that our local housing market is underpinned by solid economic

fundamentals.”

VANCOUVER, B.C. - October 2, 2008 - The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to 1,585 from the 2,776 sales recorded in September 2007.

New listings for detached, attached and apartment properties increased 28.8 per cent to 6,142 in September 2008 compared to September 2007, when 4,770 new units were listed.

Sales of detached properties in September 2008 declined 50.3 per cent to 546 from the 1,099 units sold during the same period in 2007. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 1.6 per cent from September 2007 to $726,331. Since May 2008, the benchmark price for a detached property

in Greater Vancouver has declined 5.8 per cent.

Sales of apartment properties declined 35.1 per cent last month to 764, compared to 1,177 sales in September 2007. The bench-mark price of an apartment property declined 0.7 per cent from September 2007 to $369,062. Since May 2008, the benchmark price for an apartment property in Greater Vancouver has declined 5.2 per cent.

Attached property sales in September 2008 decreased 45 per cent to 275, compared with the 500 sales in September 2007. The benchmark price of an attached unit increased 2.5 per cent between September 2007 and 2008 to $464,478. Since May 2008, the benchmark price for an attached property in Greater Vancouver has declined 3 per cent.

V I R A N I R E A L E S T A T E A D V I S O R S 29

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The Village at Park Royal 203-815 Main Street, West Vancouver, BC V7T 2Z3 tel: 604 925-9260 fax: 604 925-9261

300-145 West 17th Street, North Vancouver, BC V7M 3G4tel: 604 986-4354 fax: 604 986-9183

WISDOM.STRENGTH.

a Aizawa Stewart Andree David Ashton Don Baron Richard Begin Karen Bresler Nina Darmstadtler Nicole Garton-Jones Kumi Germain Leah Gonglas Hammond Susan Hart Stephanie Ho Marjon Hollander Sue-Ann Hui April Kingston Alison Kirby Myrle Lawrence Lisa Martin Christopher Parker zer Julian Porritt Corina Schnell Janet Slade Nana Aizawa Stewart Andree David Ashton Don Baron Richard Begin Karen Bresler Nina Darmstadtler

I n d e p e n d e n t L a w F i r m s

orate-Commercial Real Estate Business Personal Injury Labour and Employment Litigation Conveyancing Matrimonial Wills and Estates Corpormercial Real Estate Business Personal Injury Labour and Employment Litigation Conveyancing Matrimonial Wills and Estates Corporate-Commerc

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Connections

Colour Coordination • Interiors • ExteriorsMaria will help you create fl ow with colours that transition beautifully from room to room. She is partners with Benjamin Moore’s Painting & Decorating Services.

Accessories • Styling • Window Coverings • Furniture

Maria Killam Colour Designer | 604.318.9725 | [email protected]

New www.mariakillam.com New http://colourmehappyblog.blogspot.com

Maria Killam Colour Designer Property Presentation Consultants

Property Presentation Consultants are a cost effective and effi cient way of de-cluttering, rearranging and accessorizing your home to bring out it’s best features. This is a service that works with every budget. Higher prices means higher expectations. Is your property ready? Call Redo Interiors to have your house transformed into a buyers “dream home”.

Shelley Owen 778-317-redo (7336) | [email protected]

Meridian Virani Financial

604.921.4555 | Viranifi nancial.com

Mortgage

Need we say more?Get this low introductory rate* **Call 604.921.4555 to book this amazing rate.

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Virani is Vancouver. Vancouver is Virani.

Our vision is to be “The Most Admired Real Estate Company In One Of The World’s Most Admired Cities.” Admired for the high regard we have for everyone we come in

contact with. Admired for our ideals and for our inventiveness. Admired for our always-enthusiastic attention to detail and the completeness of the range of services we provide. And admired too for support of the community we serve. Our entire focus is on the City

of Vancouver. Many places will catch your eye. Vancouver is one of the world’s few great cities that also catch your heart. We’re proud to be part of it.