VANCOUVER EASTSIDE THURSDAY, FEBRUARY 25, [email protected] • 604-435-7977
R E A L E S T A T E W E E K L Y
Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most
up to date information on the real estate market, price, fi nancing and comparative
properties in your area.
Find your EXPERT Real Estate professional right here in REW.ca!
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
BC Budget 2016: First-Time Buyers Sidelined, New
Home Buyers Win
Editorial: Budget Measures Promote Development– For Better or Worse
Guide to Being aLandlord #2: Furnished vs
Unfurnished Rentals
Tackling the real estate market in Vancouver and the surrounding areas can be a daunting
prospect. Mainstream media regularly deliver headlines such as “Aff ordability crisis” and “Must have $1 million” and report average prices and statistics that are enough to get anybody’s head reeling. For anybody who is simply looking for a home in the region at a price they can aff ord, it can seem like an impossible task.
What those media reports don’t off er is real, practical answers to questions that you may have as a prospective buyer. These could include:• Can I afford a Metro Vancouver
home on my income?• Which are the neighbourhoods
where I can find the best value?• Should I buy a new home or a
resale property?• Will I have to pay Property
Transfer Tax?• How can I fund my down pay-
ment?• How do the new minimum down
payment rules work? • What will happen to mortgage
interest rates?• What other costs do I have to
consider?
• How does living in a strata unit work?
• How can I save money on energyefficiency?
“It’s easy to get caught up in the buying frenzy. Understanding mortgage options and just how much one can aff ord, reviewing market data and fi nancial forecasts; knowing how to work with a REALTOR®, in what is a very strong sellers’ market; understanding what is covered by New Home Warranty – having answers to questions like these will help relieve pressure, and keep the buyer focused on their end goal” said Bob de Wit, CEO of the Greater Vancouver Home Builders’ Association (GVHBA).
Luckily for local would-be buyers, help with all these questions and many more is now at hand.
The GVHBA is holding its highly popular, free annual Home Buyer Seminar on Wednesday, March 2, from 5pm to 8pm at SFU Harbour Centre in downtown Vancouver.
The event will kick off at 5pm with the Buyers’ Marketplace, which is your chance to meet industry companies, real estate services and home builders to get answers to some of your specifi c questions.
Then from 6pm to 7.30pm, the main seminar will tackle these topics:• Planning to buy a presale
condo? What are the benefits and considerations to investing in the presale stage?
• New homes: What are the benefits to purchasing a new home? What does the New Home Warranty cover?
• Legal documents: When and what should you be signing?
• Rates trending upwards: What is the best option? Variable or fixed?
• Home energy choices: Hard numbers and benefits for con-sideration.
• Strata councils: Living and working within the rules. What are your rights, resources and
responsibilities?• Market stats: Vancouver’s mar-
ket is hot! With multiple bid-ding, how does one work with a real estate agent to achieve one’s purchase goals? Where are the up-and-coming neigh-bourhoods?
The event will end with a Q&A session at 7.30pm, along with prize draws.
The GVHBA Home Buyer Seminar is free to attend but seating is limited and registration is expected to reach capacity in advance. Register your place today at gvhba.org/events. Those who are unable to attend in person can register at gvhba.org/events to view the live seminar online, and email or text in questions for the Q&A session.
Are You inthe Market forFree Home-Buying Advice?
•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 25, 2016
1-3 bedrooms + coach house1-3 bedrooms + coach house
FINELY CRAFTED ANDINDIVIDUALLY CURATED HOMES
With 4 homes and acoach house, THE COLUMBIA
will be an enviable place to live.Included are two 1 bedroom
garden suites, two 3 bedroomhomes above and one 2 bedroom
and den coach house.
Caesarstone quartz countertops ❙ shaker style custom cabinetrydouble hung windows ❙ stainless steel appliances
engineered hardwood fl oors ❙ extensive use of natural stonecontemporary plumbing and lighting fi xtures ❙ shingle wood siding
Details include:
– Completion date Spring 2016 –
Quality built byCall for more details
Ruthie Shugarman 604.879.2941 • Paige Kraft 604.603.3475This is currently not an offering for sale. Any such offering can only be made with a disclousre statement. E.&O.E.DEXTER
ASSSOCIATES REALTY
Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant
PRE-REGISTER at liveatcolumbia.com
604.263.2823bobbracken.com
[email protected] Bracken Real Estate ServicesEach office independently owned and operated.
R e a l E s t a t e I n v e s t m e n t T h i n k B o b B r a c k e n
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
COMMERCIAL DRIVE 8 UNIT APARTMENT BUILDING
2313 VICTORIA DRIVE2313 VICTORIA DRIVECommercial Dr 8 Unit Building!
• Legal Apartment Building, Note Attractive Financing Available• 8 Suites, 4 Levels, Original Character, 6613 SF Mansion, Cap 4.1%• Bannisters, High Ceilings, Bay Windows, Wood Floors, Arches• Gross Income $147,768/yr, 1X3 Bdrm, 3X2 Bdrm, 4X1 Bdrm• Big 45’X110’ RT-5 Lot, fenced yard, 9 Elect Meters, 9 Gas Meters• Signature Property, Commercial Drive Shops, Transit, Trout Lake• Investors, Owner-Occupiers, Shared Ownership, Developers• Asking $2,980,000
MOUNT PLEASANT MULTIFAMILY FIXER UPPER
850 EAST 12TH AVENUE850 EAST 12TH AVENUE
Mount Pleasant Fixer Upper!• 4 Suite House Plus Add’l Revenue• 3 Level, Total 3000 SF Building• 1X2 Bdrm, 1X1 Bdrm, 2XBachelor• Gross Income $40,860/yr• Renovate/Develop to Add Value• 33’ X 122’ RT-5 South Lot• 420 SF Secure Garage with Power• Great Mt Pleasant Neighbourhood• Close to Shopping, Transportation• Investors, Owner-Occupiers• Renovators, Developers• Asking $998,000
MOUNT PLEASANT 4 SUITE HOUSE PLUS
975 EAST 11TH AVENUE975 EAST 11TH AVENUE
Mount Pleasant Income Property!• 4 Suite House with Additional Accom• 1X2 Bdrm, 2 X 1 Bdrm, 1 X Bachelor• Good Condition, Updated Suites• Gross Income $60,240/yr• Opportunity to Add Value• Potential Income $72,000/yr• 33’ X 122’ RT-5 North Lot• Great Mt Pleasant Neighbourhood• Quiet Tree-Lined Street• Close to Shopping, Transportation• Investors, Owner-Occupiers• Asking $1,778,000
4UNITS!
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CAPRATE4.1%
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REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 25, 2016 3•
CATHIECLINE.COM
SKIPSHOMES.COM
604-263-1144
DEXTER ASSOCIATES REALTY
OPEN SAT/SUN 2-4PM340-2390 McGill St. $249,900 Affordability within a short
distance to downtown! Come check out this top fl oor corner unit, 1 bed, 644 sq.ft. apartment with views to downtown Vancouver. Complete with vaulted ceilings and patio with a view, 1 parking and 1 storage locker.
Sutton Group - Seafair Realty
“A NAME EASY TO RECOMMEND”
[email protected] MASTER
Salim Shivji 604.328.3521Salim Shivji 604.328.3521
$1,199,000
PERFECT YOUNG FAMILY HOME!Outstanding updates in this 2 level home located in the very desirable Fraser area of Vancouver East! You have to see it! Great Living space with H/W fl oors, Contemporary Kitchen & a Lovely Dining area with sliders to a Huge Deck! All major upgrades have been done including new windows, furnace, fl ooring, etc.. Featuring 2 Bedrooms, 1 full bath on main with basement. Double Garage too with easy lane/road access. See you at the Open House.
5606 CHESTER STREETOPEN SAT & SUN 2-4 PM
$1,389,900
A very special and unique 1910 character home in the heart of Hastings Sunrise with superb panoramic views of the North Shore Mountains. Of-fering over 3,200 sq.ft., this 4 level, 7 bedroom and bathroom home is divided into two suites: basement and main fl oor (4 bedrooms) with large bay windows, fi r fl oors, detailed trim, mouldings and high ceilings – cur-rently rented at $2,200. The 3rd & 4th fl oors are owner occupied with 2 bedrooms on the 3rd fl oor together with a distinctive and large spiral stair-case leading to its one-of-a-kind Master Bedroom. This is where you’ll take in the amazing view of the North Shore mountains while sipping your cof-fee in the generous sitting area of your bedroom. This home could easily be converted into a grand 3 level home, with a basement suite. South fac-ing backyard with gardening beds await your crops and there’s a new deck on the main fl oor. Walking distance to the numerous cafes, restaurants, grocery stores, library, community centre and Hastings Elementary w/ French immersion. A unique character home in a fantastic neighbourhood.
1914 HASTINGS SUNRISE FAMILY HOME$1,198,800 Beautifully renovated 1914 char-
acter home with fantastic VIEWS towards the Mountains. Enter-tainerʼs kitchen with granite coun-tertops, S/S appliances with gas stove. Lots of original character including w/b fi replace, Fir mould-ings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced backyard w/ full veggie garden. Fantastic Hastings Sunrise location, 1 blk from restau-rants & shopping. Laneway house potential. 2727 FRANKLIN ST.
ABSOLUTELY CHARMING CHARACTER HOME$1,198,000 Charming character home in the
heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge mas-ter bdrm & a very bright 2 bdrm suite Original fi r fl oors, wood burning f/p & tons of windows, offering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.
HASTINGS SUNRISE – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS
“Your East Vancouver Real Estate Experts!”
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 yMedallion Club - Top 10% of Realtors in Greater Vancouver
Photos & Visual Tours at: www.lisamacintosh.comEmail: [email protected] Tel: 604-263-1144
Lisa MacIntosh Diane Kunic-Grandjean
$1,389,9002520 TRIUMPH ST. NEW LISTING $874,900Ocean, mountains & city views from this 2 bed, 2.5 bath NE corner townhouse on two levels located a block away from Kits beach (North of 4th). Sweeping views from every angle of the open concept top fl oor with its well-appointed kitchen and adjacent spacious dining room, comfortable living room with ca-thedral ceiling & skylight. Cozy up in from of your wood-burning fi replace while enjoying your views through large windows & French doors opening onto one of your two large covered balconies. Downstairs offers the master bedroom w/ ensuite & views, a guest bedroom w/ custom built Murphy bed & desk. Both bedrooms access your 2nd covered bal-cony. 1 pkg & 1 big storage, minutes away from all that Kitsilano has to offer! This is com-fort living at its best. 13-1620 BALSAM ST.
OCEAN, MOUNTAINS & CITY VIEWS, 2 BED,2.5 BATH TOWNHOUSE, 1 BLOCK FROM KITS BEACH
BEST HIDDEN GEM IN MOUNT PLEASANT –2 BDRM, 1.5 BATH, 2 BALCONIES & 2 PARKING!
Best hidden gem in the heart of SOMA! Positioned on the North East & West corner with city & mountain views, this 2 bedroom unit is fi lled with natural light coming through windows on all 3 sides! An entertainer’s delight with its well-appointed modern kitchen opening onto a large dining area & a very roomy living room with gas fi replace & balcony perfect for BBQing (bring your house-sized furniture). Spacious master bedroom with its own 2 piece en-suite, and a 2nd guest bedroom with access to a large balcony. Both bedrooms are set away for utmost privacy. Bonus: 2 parking! In-suite laundry, lots of in-suite storage, separate storage locker and pet-friendly, all in a very well-cared for building with depreciation report, roof (2010) & exterior paint (2012). 202-2621 QUEBEC ST.
$599,000NEW LISTING
•4 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 25, 2016
RESALE HOME LISTINGS | NEW HOMES FOR SALE | AGENT PROFILES | REAL ESTATE MARKET NEWS | HOME BUYING & SELLING ADVICE
Your one-stop source of lower mainland home listings and real estate news.
604-909-0111www.SusanNinow.com
“Results through Experience and Integrity”
Susan NinowSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSWestside
201-2107 West 40th Ave.
TOP 1% of Royal LePageNational Network of Realtors
MASTER6 Years
Exceptional DEVELOPMENT opportunity to custom build and design your DREAM home! Located one of the few remaining single family RS-1 (FSR 70%) zoned streets. Sitting on an quiet street, with a south back yard. Flat and easy to develop! Located West of Main in the highly coveted Churchill District. Enjoy your evening walks around Langara Golf Course. Catch a movie at the new Cineplex Theatre. Quick stroll to the Canada Line and Marine Gateway shopping! Short drive to the most prestigious private schools, St. George's, York House, Crofton House, St. John's. Quick drive to Langara, UBC, Downtown, Vancouver's beaches, Oakridge, Richmond and YVR. Don't miss this opportunity! Call Susan for more details!
WESTSIDE LIFESTYLE - EAST Side Price!$1,288,000 28 East 60th Ave
NEW LISTING!
SOLD!SOLD!Over ListOver List
BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAMTop New Home Construction AwardTop New Home Construction Award
BALDEV SANDHU 604-880-9571www.BaldevSSandhu.com DaveSandhu@royalpacifi c.com
JULIANA HO 778-869-9688www.JulianaHo.com [email protected]
MASTERDiamond Master
Medallion
ROYAL PACIFICR E A L T Y
Free Market Evaluation. Sell your house fast. Buyer with Cash Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.looking for building lot. Custom build your dream house.
Over 35 years of experience in selling and custom building houses in B.C. Over 35 years of experience in selling and custom building houses in B.C. 15 years Diamond Master Medallion Club Member, 15 years Diamond Master Medallion Club Member,
Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.
- A quality built 1745 sf duplex under construction
- 3 bedrooms at above, living room, dinning room, kitchen, 2 bedroom suite at basement
- 3.5 bathrooms,granite counter top, maple wood cabinets, hardwood floor, HRV system, inter-telecom
- Single garage
Vancouver East, CollingwoodSxS Duplex, 2-storey with bsmt under construction
5508 Dundee St.-5502 Dundee St. $1,275,000
NEW LISTING $1,225,000
- A fabulous Southern view on high side of Renfrew area- Total area 3350 sf on lot size 33 ftx122 ft, 2 storey
with basement plus LWH- 8 bdrms, 6 baths, kitchen, living rm, din rm- Granite countertop, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & colour choice are welcome
Vancouver East, RenfrewPresale, Build to Suit, 3 storeys plus LWH
3007 East 6 Ave.
NEW LISTING $2,238,000
- Spacious 2-storey, 2180 sf, back duplex
- The unit features 5 bdrms & 3.5 baths
- Kitchens, living room, family room
- Granite counter tops, hardwood floor, HRV system, radiant heat
Vancouver East, Collingwood1/2 Back Duplex - 2 Storeys w/bsmt, under construction
5492 Dundee Street
NEW LISTING $1,255,000
- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest build
- 5 bdrms, living room, famroom & kitchens- Granite countertop, hardwood floor,
maple wood kitchen cabinets- Radiant heat & HRV system,
high efficiency heating system, garage
Vancouver East, CollingwoodSide by Side Duplex, 2 storey w/bsmt under construction
2359 E. 41 Ave., Vancouver
$1,165,000
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
The True Meaning of Luxury
NOT ON MLS! $1,599,000
3 bed penthouse in the heart Van-couver with exquisite views of downtown & mountains. Private rooftop patio. Extremely rare op-portunity (not even listed on MLS) - avoid bidding wars by acting fast! Assignment, call for details.
1806 - 1695 Main Street.
LISA FINDLAY 778-378-8090
868 KINGSWAY $355,000
Location, location, location! Wake up to fabulous North Shore mountain views in this newly renovated 2 bed/2 bath condo just minutes away from downtown. DONʼT MISS THIS GEM OF A HOME! 309-868 KINGSWAY.LISA FINDLAY 778-378-8090
www.normflockhart.com
NORM FLOCKHART(604) 261-7275
13 Year Member of MLS Medallion Club
PREC
OPEN SAT/SUN 3-5! $1,235,000
1911 CHARACTER HOME!QUIET, NON-THRU STREET!
This home features 2 BR's on Main, full bath, LR/DR combo & Kitchen w/pull-out drawers, swing storage, wine rack & pantry. Den or offi ce space in Attic. 1 or 2 BR ground level suite. Sunny west-facing deck & yard. 33' x 110' lot. 5325 Chester Street.
★
$305,000
OVERSIZED 1 BR UNIT!OVERLOOKS PRETTY GARDENS!
772 sq.ft. in this 1 BR & Conservatory/Den ground level suite! Open plan living room/dining room combo. Gas fi replace, insuite laundry & 1 semi-ensuite bath with soaker tub. Pets/Rentals OK! $305,000. #106-2405 Kamloops Street, Van.
REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 25, 2016 5•
www.vancouverres idence.com
LORNE GOLDMAN604.263.1911
lorne@vancouverres idence.com
Personal Real Estate Corporationrporation
Over 35 years of proven results and consistently in the top 1% of the real estate industry.
•6 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 25, 2016
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VANCOUVER EASTSIDE
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
T H U R S D A Y , F E B R U A R Y 2 5 , 2 0 1 6
Convenient location, nice views and quality construction make this townhome community hard to beat
I n P r i n t > O n l i n e > Y o u r c o m p r e h e n s i v e s o u r c e f o r l o c a l r e a l e s t a t e n e w s a n d l i s t i n g s
A sunny hilltop overlooking the mountains and rolling terrain is the site of developer Woodbridge
Properties’ latest boutique townhome community in Surrey’s Grandview Heights neighbourhood.
Tucked away on a quiet street among green space and mature trees, Oliver off ers three- to four-bedroom Craftsman-style homes embodying high-quality fam-ily living, in a location that is hard to beat.
With two schools within easy walking distance, residents will be able to watch their kids head off to school before stroll-ing over to the coff ee shops and stores at nearby Morgan Crossing and Grandview Corners shopping centres.
“Everyone says ‘location, location,’ but ours really does have the location that makes it great, with an array of ame-nities at your doorstep,” says Jessica Radziszewska, marketing manager with Woodbridge Properties. “It’s low-density – only 57 homes on approximately three acres that are lushly landscaped – and overlooks the northern mountain range.”
Many of the homes will have views
of the mountains, but if they don’t, they will have a walk-out deck and/or yard, Radziszewska says.
With larger homes of just under 1,900 square feet and smaller homes between 1,500 and 1,640 square feet, Oliver off ers ideal options for families and downsizers alike.
“Homes are geared for families, but downsizers selling their big homes will also fi nd us very appealing,” Radziszewska says. “A lot of our homes are larger, with double-wide garages, a spacious open-plan main fl oor, good-sized bedrooms upstairs and a bonus room that has the option to be built out as a fourth bedroom with closet and an optional bathroom.”
Woodbridge has a history of devel-oping high-quality townhome commu-nities in Surrey, including Rosemary Gate, Blackberry Walk and Abbey Road. Likewise, Oliver homes will boast the highest-quality construction, Radziszewska says.
“Our construction partner, Park Ridge Homes, is known in the Lower Mainland for producing a quality home, using mate-
rials that you know are going to last,” she says.
The homes’ Craftsman-style archi-tecture features characteristic steeply pitched roofl ines, mullioned windows, gable trusses, painted wood trim and shingled exteriors, with columns framing the entry doors.
Family-friendly, modern interiors feature an open concept that creates a warm and welcoming space, with 10-foot ceilings, built-in speakers and option-al fi replace in the main room. Shaker kitchens have oversized pantries and cabinets, quartz countertops, tiled back-splashes and stainless steel appliances. Other highlights include large patios and/or decks, expansive Energy Star win-dows and lots of pot lights throughout to maximize light, shower seats and vaulted ceilings in the master bedroom.
Oliver is located at 2855 158th Street in Surrey. Sales begin February 13, with homes scheduled for completion between March and December of this year.
For information, visit wbhomes.ca/oliver/register.html
or call 604-536-9333.
OLIVEROffers It All in Surrey’s Grandview Heights
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