BURNABY / NEW WESTMINSTER Jan 30, 2015 Real Estate Weekly

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!

BURNABY NEW WESTMINSTER FRIDAY, JANUARY 30, [email protected] • 604-435-7977

If you’ve purchased a fancy gym

membership for 2015 and are already

fi nding it hard to stick to your new

regime, you may have wasted a lot of

cash. But what if your fi tness centre

was in your building – would you get

better value?

Amenities in today’s new condo mar-

ket have reached new heights, with

full-size fi tness centres, pools, rooftop

patios with barbecues, lounges with

chef’s kitchens, guest suites and other

common-use areas expanding your

home beyond its four walls. Developers

are selling more than just homes –

they’re selling a lifestyle.

But amenities don’t come for free –

they can add to your purchase price

and strata fees. So when is it a good

idea to purchase a home with lots of

extras and when are you better off

sticking with that local fi tness centre

membership?

Hani Lammam with Cressey

Development Group advises buyers to

purchase homes where there are as

many amenities as possible – provided

they can aff ord the asking price and the

associated strata fees.

“There is a maintenance cost associ-

ated with amenities,” he says, “but they

can also protect your resale value.”

Cressey is currently conducting pre-

sales on Beverley in White Rock, which

will include a two-storey club featur-

ing a fi tness centre, steam room and

pools. The development also includes a

lounge, guest suite, garden, patio and

playground.

“It’s diffi cult to say how much the

fi tness centre adds to the [purchase]

cost of each unit at Beverley,” says

Lammam, “but it’s a very small percent-

age because it is spread out among all

the owners. It’s likely less than fi ve per

cent. In terms of additional monthly

fees, it depends on what’s included.

‘Wet’ amenities, such as hot tubs and

pools, can add 15 per cent to your

strata fees.”

With the price of a high-end annu-

al gym membership running around

$1,000, taking that hit to your monthly

strata fees can be a good investment,

according to Katie Dunsworth-Reiach,

personal fi nance expert and co-founder

of Smart Cookies. Strata fees for larger

units run around $5,300 a year, with 15

per cent (about $800) paying for ame-

nities. That’s substantially less than a

private club. And with an estimated 60

per cent of annual gym memberships

purchased in January going unused by

mid-February, Dunsworth-Reiach notes

it is also important to consider long-

term value.

Cressey isn’t alone in off ering a wide

array of amenities to attract potential

buyers.

Shato Holdings and Talisman Homes’

Tsawwassen Springs will include a golf

course, wellness centre and clubhouse.

The developers aim to keep strata fees

low by using a pay-as-you-go system

for things like green fees and the fi t-

ness centre.

In downtown Vancouver, the 333-

unit Tate Downtown by the Bonds

Group of Companies

will off er residents a

concierge, a private

theatre, lounge, bil-

liards room, library,

yoga and pilates studio

and fi tness centre.

And the owners at Anthem

Properties’ Station Square in Burnaby

will enjoy almost an acre of elevated

private green space along with com-

munity garden plots, a Tai Chi area, a

fully-equipped gym and yoga studio,

steam room and infrared sauna, plus

a lounge with a gourmet kitchen and

shared electric cars.

Empty-nesters downsizing from

detached homes to condos can fi nd

amenities especially appealing – and

cost eff ective. With a guest suite in your

building, there’s no need to spend extra

on a unit with an additional bedroom.

Common areas such as lounges and

kitchens provide entertainment spaces

for larger events, something your new

living space may not allow for.

“Amenities add to the value of

your home and can save you money,”

says Dunsworth-Reiach. “Buyers need

to determine what these add to the

strata fees and compare that to their

bottom line.”

Exercising your Options

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Ask the Expert: What are the Dangers of

Older Homes?

Condo of Cards: Strata Councils and Political

Masterminds

BC New Home Building Investment up 11%:

StatCan

When are Condo Amenities a Good Investment?

•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 30, 2015

LORIPETTIGREW

www.YourRealtyDreams.com

604-649-7040

DEXTER ASSOCIATES REALTY

ALANYASIN

BRAND NEW VIEW HOUSEModern high-end luxury & VIEWS! Brand new 7 bedroom house on quiet cul-de-sac, balconies with fabulous views, air conditioning, quartz counters. 2-5-10 warranty. Desirable family neighbourhood close to Deer Lake Park and Metrotown mall. Call to view.

Alan Yasin / Lori Pettigrew

5837 DICKENS PL.

604-263-1144

Kerrisdale

604-336-3539

Main Street

604-689-8226

Yaletown

www.dexterrealty.com

$659,900

AMAZING CORNER UNIT• Highly sought after SW corner unit at Metroplace.• 2 bed, 2 bath w/ parking & storage locker. Great open space and views from every room! MUST SEE!• #3507 - 6461 TELFORD AVE. SHERMAN K. LEE 604-762-4598

OPEN SAT 2-4PM $293,000

PEACE OF MIND PURCHASE

868 sq.ft. - 2 bed, updated & gorgeous. A well-managed building in a quiet & treeʼd setting. Super nice bathroom, wood flrs, in-suite laundry, W/B fire-place, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA GROVE. EVELYN SINGER 604-263-1144

★

507-215 TWELFTH ST $245,000

TOP FLOOR OASIS

Discovery Reach by Bosa. Top floor unit with lots of updates. N.W. facing, open concept, park-ing, storage and more!

GO TEAM 604-263-1144

NEW LISTING! $315,000

GARDEN OASIS!Corner 2 bed garden unit with 470+ Sq.Ft. fenced patio and private street access. Pets allowed, 2 parking. Walk to skytrain, bus and shopping. #205 - 210 ELEVENTH ST.

THE GO TEAM 604-263-1144

Tony Quarto 778.882.9779

“Servicing your Real Estate Needs since 1988”

807-4160 ALBERT ST.Rare fi nd, 1 bdrm, 1 den corner unit. Approx. 950 sqft, great layout, 2 full open patios facing south and east with million dollar views of Burnaby Mountain, Burrard Inlet and South Bby etc. Gas fi replace, fantastic location. Won’t last $459,000.

OPEN Saturday Jan 31& Sunday Feb 1, 1-3 pm

★ ★

Tony 778.882.9779

B

Bus: 604-530-0231Cell: 604.802.6703

ROYAL LePAGE Wolstencroft Realty

Gurjinder K BhurjiIndependently Owned & Operated

ROYALLePAGE Wolstencroft Realty - LangleyUnit #110-19925 Willowbrook Drive, Langley, BC V2Y 1A7Independently Owned & Operated

[email protected] www.gurjinderbhurji.com1051 Ewson St, White Rock

Beautiful Three Year old home in heart of White Rock. Water and Mountain views from Main and Upper levels. High end Kitchen with Granite countertops, stainless steel appli-ances, Hardwood fl ooring throughout the home. Enjoy the natural lighting

throughout the Upper level. Main fl oor has master bedroom plus three other bedrooms all with ensuite washrooms, and a Den for offi ce work. Basement has two Bedroom legal suite with good rental in-come. Barbeque on a huge open deck with ocean views in the back. Close to Peace Arch Elementary and Earl Marriott High school. Shopping and Beach closeby. Seller will look at trade options.

NEW LISTINGAsking $1,795,000

12097 56th Avenue, SurreyBeautiful 3 Bedroom Renovated Rancher on a quiet Half Acre lot with view potential! Original hardwood fl oors, Renovated Kitchen, Maple Cabinets, Slate fl oor, Stainless Steel appliances, Gas Stove, Updated Bathroom, Fully Finished cozy Basement with Media room, lots of

Storage, New Windows, New Roof (2003 +29 years warranty). Beautiful 1/2Acre Park like Yard with Zip line, fi re pit + BONUS 900 sq ft workshop at back of property. Minutes from Schools, Hwy #10 and Watershed park in the most desireable West Panorama Ridge area. Move in ready, live in now and hold for future investment.

NEW LISTINGAsking $899,000

• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

[email protected]

www. .com

152 Sales in 2014!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

CHILDCARE CENTRE + PROPERTY$1,168,000 OWNER RETIRING! RARE GOLDEN OP-

PORTUNITY to own this FULL-DAY CHILD-CARE CENTRE business & property in the most DESIRABLE LOCATION in PORT CO-QUITLAM. This 1997 built 5329 sq ̓ LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/AFTER SCHOOL care programs business is on a 5635 sq ̓CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.


LORIPETTIGREW

www.YourRealtyDreams.com

604-649-7040

DEXTER ASSOCIATES REALTY

ALANYASIN

BRAND NEW VIEW HOUSEModern high-end luxury & VIEWS! Brand new 7 bedroom house on quiet cul-de-sac, balconies with fabulous views, air conditioning, quartz counters. 2-5-10 warranty. Desirable family neighbourhood close to Deer Lake Park and Metrotown mall. Call to view.

Alan Yasin / Lori Pettigrew

5837 DICKENS PL.

604-263-1144

Kerrisdale

604-336-3539

Main Street

604-689-8226

Yaletown

www.dexterrealty.com

$659,900

AMAZING CORNER UNIT• Highly sought after SW corner unit at Metroplace.• 2 bed, 2 bath w/ parking & storage locker. Great open space and views from every room! MUST SEE!• #3507 - 6461 TELFORD AVE. SHERMAN K. LEE 604-762-4598

OPEN SAT 2-4PM $293,000

PEACE OF MIND PURCHASE

868 sq.ft. - 2 bed, updated & gorgeous. A well-managed building in a quiet & treeʼd setting. Super nice bathroom, wood flrs, in-suite laundry, W/B fire-place, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA GROVE. EVELYN SINGER 604-263-1144

★

507-215 TWELFTH ST $245,000

TOP FLOOR OASIS

Discovery Reach by Bosa. Top floor unit with lots of updates. N.W. facing, open concept, park-ing, storage and more!

GO TEAM 604-263-1144

NEW LISTING! $315,000

GARDEN OASIS!Corner 2 bed garden unit with 470+ Sq.Ft. fenced patio and private street access. Pets allowed, 2 parking. Walk to skytrain, bus and shopping. #205 - 210 ELEVENTH ST.

THE GO TEAM 604-263-1144

SOLD

SOLD LOOKING TO

BUY OR SELL A HOME?

To assist you in making the best decisions, a professional Realtor canprovide 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!

www.normflockhart.com

NORM FLOCKHART(604) 261-7275

Member of 2013 MLS Medallion Club

PREC

Open Sat 2-4 $369,000

HIDDEN GEM! CITY IN THE PARK!The Courtyards is tucked away on a cul-de-sac adjacent to Byrne Creek Ravine Park! The 2 BR, 2 full bath,top fl oor unit faces NW. Gas fi replace, insuite laundry, 2 pkg stalls & lots of visitor pkg. 1083 sq. ft. #403-6735 Station Hill Ct.

★

Tony Quarto 778.882.9779

“Servicing your Real Estate Needs since 1988”

807-4160 ALBERT ST.Rare fi nd, 1 bdrm, 1 den corner unit. Approx. 950 sqft, great layout, 2 full open patios facing south and east with million dollar views of Burnaby Mountain, Burrard Inlet and South Bby etc. Gas fi replace, fantastic location. Won’t last $459,000.

OPEN Saturday Jan 31& Sunday Feb 1, 1-3 pm

★ ★

Tony 778.882.9779

B

Bus: 604-530-0231Cell: 604.802.6703

ROYAL LePAGE Wolstencroft Realty

Gurjinder K BhurjiIndependently Owned & Operated

ROYALLePAGE Wolstencroft Realty - LangleyUnit #110-19925 Willowbrook Drive, Langley, BC V2Y 1A7Independently Owned & Operated

[email protected] www.gurjinderbhurji.com1051 Ewson St, White Rock

Beautiful Three Year old home in heart of White Rock. Water and Mountain views from Main and Upper levels. High end Kitchen with Granite countertops, stainless steel appli-ances, Hardwood fl ooring throughout the home. Enjoy the natural lighting

throughout the Upper level. Main fl oor has master bedroom plus three other bedrooms all with ensuite washrooms, and a Den for offi ce work. Basement has two Bedroom legal suite with good rental in-come. Barbeque on a huge open deck with ocean views in the back. Close to Peace Arch Elementary and Earl Marriott High school. Shopping and Beach closeby. Seller will look at trade options.

NEW LISTINGAsking $1,795,000

12097 56th Avenue, SurreyBeautiful 3 Bedroom Renovated Rancher on a quiet Half Acre lot with view potential! Original hardwood fl oors, Renovated Kitchen, Maple Cabinets, Slate fl oor, Stainless Steel appliances, Gas Stove, Updated Bathroom, Fully Finished cozy Basement with Media room, lots of

Storage, New Windows, New Roof (2003 +29 years warranty). Beautiful 1/2Acre Park like Yard with Zip line, fi re pit + BONUS 900 sq ft workshop at back of property. Minutes from Schools, Hwy #10 and Watershed park in the most desireable West Panorama Ridge area. Move in ready, live in now and hold for future investment.

NEW LISTINGAsking $899,000

• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

[email protected]

www. .com

152 Sales in 2014!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

CHILDCARE CENTRE + PROPERTY$1,168,000 OWNER RETIRING! RARE GOLDEN OP-

PORTUNITY to own this FULL-DAY CHILD-CARE CENTRE business & property in the most DESIRABLE LOCATION in PORT CO-QUITLAM. This 1997 built 5329 sq ̓ LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/AFTER SCHOOL care programs business is on a 5635 sq ̓CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.

www.normflockhart.com

NORM FLOCKHART(604) 261-7275

Member of 2013 MLS Medallion Club

PREC

Open Sat 2-4 $369,000

HIDDEN GEM! CITY IN THE PARK!The Courtyards is tucked away on a cul-de-sac adjacent to Byrne Creek Ravine Park! The 2 BR, 2 full bath,top fl oor unit faces NW. Gas fi replace, insuite laundry, 2 pkg stalls & lots of visitor pkg. 1083 sq. ft. #403-6735 Station Hill Ct.

★

SOLD

SOLD LOOKING TO

BUY OR SELL A HOME?

To assist you in making the best decisions, a professional Realtor canprovide 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!

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 30, 2015 3•

If you’re thinking of buying a home, don’t miss this free seminar!This event fills quickly and seating is limited.

GVGVHBAHBA''S 21st AnnualS 21st AnnualNEW HOME BUYERS' SEMINARNEW HOME BUYERS' SEMINAR

Register now at www.gv h ba.o rg or call 778-5 6 5-428 8

Although the seminar is free, attendees are asked to bring a food item for the Food Bank.

Tuesday, February 10Surrey City Hall, Surrey •13450 104 Ave., Surrey 6 to 9 pm

Thursday, February 12SFU, Harbour Centre • 515 West Hasting St., Vancouver 6 to 9 pm

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R E A L E S T A T E W E E K L Y

I n P r i n t > O n l i n e > I t ’ s A l l H e r e

Real estate in Vancouver’s tony

Westside is hard to come by. One of

the most exciting and luxurious Boutique

Developments to be built in the heart

of this prestigious neighbourhood is

Kerrisdale Gardens.

In one of the best postal codes on

Vancouver’s Westside, Kerrisdale Gardens

is an exquisite collection of 27 Designer

Residences, featuring two bedroom ter-

raced suites and one bedroom, den and

fl ex space condominiums. Behind the

Kerrisdale Gardens are the award-win-

ning European-infl uenced designers from

Riesco & Lapres. “For years, Riesco &

Lapres has been beautifying the homes

of Kerrisdale residents in ways that speak

directly to the heart,” says Charan Sidhu

of Otezs Project Marketing. “They know

the subtleties of what makes a home fi t in

this stunning neighbourhood.”

In addition to its prime location, you

couldn’t ask for fi ner fi nishes: nine foot

ceilings (10 foot in the penthouses), engi-

neered hardwood fl ooring, luxurious wool

blend carpeting, custom millwork, expan-

sive windows to bring lots of natural light

in, European-inspired epicurean kitchens

and Zen-inspired bathrooms. The kitch-

ens feature custom designed cabinetry,

top-of-the-line stainless steel appliances,

including a Fhiaba fully integrated refrig-

erator, marble countertops with ¾ edge

fi nish and under-the-cabinet puck light-

ing.

“While many people are currently

downsizing from their large single family

homes to more convenient one-level liv-

ing, the suites here have been designed

with that in mind,” Sidhu says. “We often

hear from downsizers that they don’t want

to compromise their lifestyle, especially

when guests are coming. Inviting people

for dinner, family and friends, many con-

dos lack a proper dining area. This feature

has been incorporated into many of the

homes without needing to entertain the

highest priced or largest unit.” One of

its most unique and sought-after features

are the gardens on the second fl oor. This

quiet and enchanting private oasis off ers

incredible outdoor space for the residenc-

es that face into this courtyard, of which

there are only two left. Truly, this is one of

the best outdoor havens you will fi nd in a

condominium building. The discriminat-

ing people who have already purchased a

home in Kerrisdale Gardens have boasted

about the access to some of the province’s

top schools, both public and private, the

walkability of the neighourhood and the

penthouses with private garages in the

underground.

Each homeowner can feel safe knowing

the four-storey building off ers two levels

of secure gated underground parking,

plenty of secured storage lockers and

ample bike storage. Convenience contin-

ues with two elevators for residents to

access their homes. As one of the oldest

and most distinguished neighbourhoods

in Vancouver you will fi nd plenty of ame-

nities including transit, top rated schools

and recreational opportunities, all within

easy walking or driving distance. Then

there’s high-fashion to patisseries, gour-

met cheeses to European décor, including

such popular spots as Secret Garden for

afternoon tea and neighbourhood favou-

rite, the Red Onion Neighbourhood Grill.

These elegant, single-family home

inspired residences must be seen to be

fully appreciated. The sales centre, locat-

ed at 2128 West 40th Ave., Vancouver, is

open by private appointment only. With

only 14 available, these condominiums

won’t last. Your brand new home will be

move-in ready in Spring 2015.

For more information or to view,

call 604-559-9848, email at

[email protected] or visit

www.kerrisdalegardens.ca.

KERRISDALE GARDENS IS IN THE HEART OF ONE OFTHE CITY’S MOST DISTINGUISHED NEIGHBOURHOODS

BURNABY / NEW WESTMINSTER Jan 30, 2015 Real Estate Weekly

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Transcript of BURNABY / NEW WESTMINSTER Jan 30, 2015 Real Estate Weekly