VANCOUVER EASTSIDE Apr 14, 2016 Real Estate Weekly

VANCOUVER EASTSIDE THURSDAY, APRIL 14, [email protected] • 604-435-7977

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

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up to date information on the real estate market, price, fi nancing and comparative

properties in your area.

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NEWS AND ADVICE

March Sees All-TimeHigh Home Sales in

Fraser Valley: FVREB

Offshore Ownership of Vancouver Condos is Low,

but Growing: CMHC

Real Estate Council Calls on Agents to Report

Misconduct by Others

The number of residential real estate transactions last month in Greater Vancouver was the highest on record

– and the fi rst time more than 5,000 transactions has ever been recorded in a single month, the Real Estate Board of Greater Vancouver (REBGV) reported April 4.

“March was the highest-selling month the REBGV has ever recorded,” said Dan Morrison, the new REBGV president. “Today’s demand is broad-based. Home buyers are active in neighbourhoods across our region.”

Unsurprisingly the benchmark price of a home (composite property types) in the region set another new record in March, increasing 23.2 per cent compared with March 2015.

The number of homes newly listed on the Greater Vancouver market rose 5.2 per cent compared with the March 2015, eight per cent higher than February 2016. This ended the recent dearth of listings as sellers increasingly took the plunge into the hot market, but is still not enough to keep up with demand.

Sales and ListingsMarch home sales in Greater Vancouver

totalled 5,173, a 27.4 per cent rise compared with the 4,060 sales recorded in March 2015 and an increase of 24 per cent versus February 2016, when 4,172 homes were sold.

Split by property type, 2,135 single-family homes exchanged hands, an increase of 24.8 per cent from the 1,711 detached sales recorded in March 2015.

Townhouse and other attached home sales also increased year over year although, as with recent months, they continued to slow down their rate of annual growth in March. The total of 786 sales was a relatively modest increase of 8.9 per cent over the 722 transactions in March 2015, refl ecting the limited inventory of this housing type.

Sales of condominium-apartments totalled 2,252 in March 2016, an increase of 38.4 per cent compared with the 1,627 sales in March 2015. Condos kept their status as recording the fastest annual sales growth of the three home types, and were again the property type with the

highest total sales. Property inventory improved in March,

as increasing numbers of sellers jumped into the scorching hot market. New listings for all home types in Metro Vancouver totalled 6,278 in March 2016, an increase of 5.2 per cent compared with the 5,968 units listed in March 2015, and a rise of eight per cent compared with the 5,812 new listings in February 2016.

However, buyer demand completely outstripped seller supply. The total number of properties currently available for sale on Metro Vancouver’s MLS® as of the end of March is 7,358. This is a 40.5 per cent drop from the 12,376 active listings at the end of March 2015 and a meagre 0.8 per cent increase compared with February’s 7,299 total listed properties.

Greater Vancouver’s sales-to-active listings ratio for March 2016 is now a whopping 70.3 per cent, making it the 13th consecutive month that the sales-to-active-listings ratio has been above 30 per cent in Metro Vancouver, as sellers maintain their stranglehold on the market.

Benchmark PricesMetro Vancouver’s combined residential

property type benchmark price predictably set another new record in March, at $815,000 – a jump of 23.2 per cent compared with March 2015 and a 2.4 per cent rise over the previous month’s price of $795,500.

The area’s typical detached home is now priced at $1,342,500, a rise of 27.4 per cent compared with the same month last year, and once more the sharpest rise in prices of all the property types. This was a rise of 2.8 per cent over February’s $1,305,600.

The benchmark price of a townhome or other attached unit in Greater Vancouver increased 20.1 per cent over March 2015 to $589,100, up 3.4 per cent compared with February.

Condo-apartment benchmark prices rose 18.8 per cent from February 2015 to $462,800. This property type reversed February’s month-over-month decline in benchmark price, rising again in March 1.8 per cent compared with February.

Vancouver Real Estate Sales in March Smash All Records: REBGV

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY APRIL 14, 2016

It’s not unusual to call

YOUR REAL ESTATE PROFESS IONAL

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DEXTERASSOCIATESREALTY

227 E. 62ND AVE. $1,198,000Amazing value for this cared-for Vancouver Special, 2 storey home. Upstairs features 3 bedrooms, living, dining and large kitchen. Main level has 2 bedrooms and huge recreation room. This home has approximately 2300 sq.ft. with a newer roof and oil tank inspection. Conveniently located with easy access to public schools, parks, airport, Sunset Community Centre, shopping and easy transit access to downtown. Please come by and view during the Open Houses or arrange for a private viewing. 227 E. 62ND AVE.

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2825 E. 43RD AVE. $2,380,000

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Mateen Qureshi604-488-9874

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Lisa MacIntosh Diane Kunic-Grandjean

NEW LISTING $299,900Beautifully renovated 1 bdrm suite in the heart of Hastings Sunrise. This South facing unit is light & bright with a sun-drenched South facing balcony. Updated Ikea kitchen and bathroom, laminate fl oor throughout. Large in-suite storage. Additional storage locker with secured parking. Very well maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingency fund & depreciation report. Rentals & pets (one dog or cat) al-lowed. Fabulous location - just down the street to Parallel 49 micro-brewery, Red Wagon Restaurant, Donaldʼs Market, only 10 minutes to downtown & short stroll to The Drive. Strata fee includes heat & hot water.

HASTINGS SUNRISE RENOVATED SOUTH FACING 1 BEDROOM IN A GREAT BUILDING!

#408-1445 MARPOLE ST. $899,000Rarely available 3 bdrm corner unit at Hycroft Towers, one of Vancouver’s most iconic 1950s Modernist apartment buildings. Fabulous fl oor plan with open concept living/dining area, just under 1,400 sq.ft. Light & bright with wall-to-wall windows and a North Westerly outlook. Nicely updated kitchen, gleaming oak fl oors throughout – this home has been immaculately kept. Oversized Master bedroom with en-suite & lots of built-in storage. Bathrooms are fairly original – enjoy the retro look, or renovate to create your own dream spa! BONUS – Very large storage locker and rooftop deck with gardens offering 360 degree city, water & mountain VIEWS. Well run building with live-in caretaker. Rentals are not allowed, 1 cat is permitted. Steps to South Granville shopping.

THE HYCROFT TOWERS – RARELY AVAILABLE 3 BED, 2 BATH – 1,399SQFT

NEW LISTING $299,900Bright & very spacious 1 bdrm suite in the heart of Hastings Sunrise. Corner unit – North West facing with large wrap around balcony. Nicely updated with laminate fl ooring. Lots of windows for a light fi lled living space. Huge in-suite storage – could be used as offi ce space. Additional stor-age locker with secured parking. Very well-maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingen-cy fund & depreciation report – Rentals & pets (one dog or cat) allowed. Fabulous lo-cation – just down the street to Parallel 49 micro-brewery, Red Wagon Restaurant, Donaldʼs Market, only 10 minutes to down-town & a short stroll to the Drive. Strata fee includes heat & hot water.

HASTINGS SUNRISE VERY SPACIOUS1 BEDROOM IN A GREAT BUILDING!

KITSILANO NORTH OF 4TH – ½ DUPLEXSOUTH EAST CORNER LOT – 3 BED, 2.5 BATH

Located on the North of 4th, this very spacious front 1771 square foot ½ duplex sits on the South-East corner, offering 3 generous beds, 2.5 baths on 3 levels & is one not to be missed! Relax in the top fl oor secluded master bed w/ lounge area & large en-suite bathed by natural sunlight coming from numerous skylights & South facing windows. The 2nd fl oor has 2 more sizeable bedrooms, and a large en-suite. The main fl oor houses your kitchen w/ eat-in area, a large foyer w/ powder room and an open concept dining-living room opening onto your South facing ample private patio. Beautiful h/w fl oor in most rooms, closet/storage galore throughout & 1 car detached garage. Bring your house furniture, they will fi t! This is Kitsilano living….

$1,898,900NEW LISTING

237-2033 TRIUMPH ST

KITSILANO HOME$2,250,000 Fabulous location in the heart of Kitsi-

lano – on the quiet part of West 12th. Great investment property, clean & well maintained with long-term ten-ants. Hold & continue to rent out the 3 suites ($3,415/month), renovate into a lovely family home, or build your dream home. Level 33’ x 122’ lot with South facing backyard and lane access (Laneway house potential). Close to all the amenities that Kits has to offer, just a short stroll to Kitsilano Secondary, Kits Community Centre & Connaught Park. 2764 W. 12TH AVE.

NEW LISTING

3203 W.3rd Ave.

229-2033 TRIUMPH ST.

REW.ca » VANCOUVER EASTSIDE » THURSDAY APRIL 14, 2016 3•

Adorable CHARACTER STARTER HOME! Cute-as-a-button, 3 bedroom, 2 bathroom - 2 LEVEL HOUSE with large fenced yard on quiet, tree-lined Kaslo Street. Fabulous neighbourhood next to Callister Park, right on the Sunrise Bikeway and a one block walk to Exhibition Park. Ideal for the family looking for cozy home with yard (Italian Plum tree included) on great street. 3 blocks to Hastings Elementary School (with French Immersion) - http://hastings.vsb.bc.ca, and Tillicum Annex - http://tillicum.vsb.bc.ca.Come join us at our open houses Sat/Sun April 16/17 (2-4pm)

$1,088,000

OPEN HOUSE APRIL 16TH/17TH SAT & SUN 2-4 PM



Wow! FULLY RENOVATED 5 bedroom, 2 bathroom home re-done from the studs out! WITH FABULOUS VIEWS TO MT. BAKER! Enjoy over 2800 sq.ft. of new home with revenue. Don’t be fooled by the outside, this home must be seen inside to appreciate the caliber to which it has been upgraded. $300k Reno includes: New kitchen/bathrooms, newly fi nished basement (2br, all new triple pane low-E windows, new roof, all new plumbing, all new electrical with 200Amp service, new 80g hwt, new retaining wall. Live in prime Renfrew pocket on Japanese Cherry Blossom Boulevard! View photos online and join us for the open houses Sat/Sun April 16/17th (2- 4pm). 2973 EAST 7TH AVENUE

$1,550,000NEW LISTING!NEW LISTING!

Fabulous 1948 built home sitting on RS1 33x108 corner lot in prime neighbourhood. This 2100 sf home has 4 bedrooms and 2 bathrooms on three levels. Enjoy loads of natural sunlight with South and West exposures. Ideal home to live in, renovate, or build your dream home, plus great site for a laneway house. Excellent quiet location close to shopping and services. Join us at our open houses April 16/17th (12noon-2pm). Don’t wait as this home will not last.2605 PARKER STREET

$1,088,000NEW LISTING!NEW LISTING!

16 NORTH KASLO STREET

1-3 bedrooms + coach house1-3 bedrooms + coach house

FINELY CRAFTED ANDINDIVIDUALLY CURATED HOMES

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– 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 disclosure statement. E.&O.E.DEXTER

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Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant

Visit liveatcolumbia.com to learn more!

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www.surinderholat.com

Surinder HolatExperience, integrity & professional results

Over 3 decades successfully selling real estate on Vancouver’s Westside

604-263-1144

2732 E. 53RD AVE. $2,728,000 BRAND NEW HOMERare opportunity to purchase a brand new home with 3 unique addresses. Step into this quality built 4,000+ square foot, 3 level home featuring quartz countertops, air-conditioning, hot water on demand, hardwood fl ooring / tile throughout, and 4 kitchens. The home offers wonderful revenue potential with a 2 bedroom legal suite in the basement (with separate entrance) as well as a large 2 bed + den Laneway home at the back. The main home also includes a 1 bedroom nanny suite below and a great media room for entertainment. Call for your private viewing today.

www.normflockhart.com

NORM FLOCKHART(604) 261-7275

13 Year Member of MLS Medallion Club

PREC

$369,000

SPACIOUS 1 BR SUITE! • #307- 2222 PRINCE EDWARD ST!This 685 sq.ft. 1 BR unit features a large LR, semi-ensuite bath & insuite laundry. Glass sliders from LR & BR to a sunny, west-facing balcony. 1 Pet/Rentals OK! Enjoy Guelph Park, public library, comm. centre & Kingsgate Mall so close by!

SOLDSOLD

SIMMY SANDHU604-897-5880

DEXTER ASSOCIATES REALTY

OPEN SAT/SUN 2-4PMWEST SIDE TOWNHOUSE THAT FEELS LIKE A HALF DUPLEX!

Spacious 2 bedroom, 3 bathroom town-house with over 1200 square feet of liv-ing space, open concept living room & dining room and lots of updates! Home has 2 patios, front & back and a bo-nus shared rooftop garden. Minutes to Downtown, Vancouver Lawn & Tennis Club. Donʼt miss the opportunity to own in this fabulous West side neighbour-hood. Sneak preview: Thursday 6-7pm. OPEN HOUSE SAT/SUN 2-4pm. 1847 W. 12TH AVE.

1847 W. 12TH AVE. $1,080,000

LORIPETTIGREW

www.YourRealtyDreams.com

604-649-7040

DEXTER ASSOCIATES REALTY

ALANYASIN

RENOVATED VIEW CONDOFABULOUS PATIO

WATERFRONT LIVING

Waterfront VIEW condo along the Fraser River! Spacious 1 bed with large patio! In-suite storage, laundry, parking. Well-maintained RAINSCREENED freehold building with resort-style amenities! Steps to transit, parks, river walkway. A MUST SEE! Call to view. 107-2020 E. KENT AVE. S.

$350,000

604.263.2823bobbracken.com

[email protected] Bracken Real Estate ServicesEach office independently owned and operated.

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2313 VICTORIA DRIVE2313 VICTORIA DRIVE• Legal Apartment Building, Attractive Financing Avail• 8 Suites, 4 Lvl, Character, 6617 SF, 45’X110’ RT-5 Lot• Gr Inc $147,768/yr, 9 Electric Meters, 9 Gas Meters• Investors, Owner-Occupiers, Developers Asking $2,980,000

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HOUSE WITH SUITE OR BUILDING LOT

6805 SHERBROOKE STREET6805 SHERBROOKE STREET• South Vancouver House, 3 Bdrm with 1 Bdrm Suite• Updates, Excellent Condition, Big Single Car Garage• 33’X121.81’ RS-1 Lot, Nice Tree Lined street, Builders• Investors, Owner-Occupiers Asking $1,498,800

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497 EAST 10TH AVE497 EAST 10TH AVE• Character 7+ Unit Multifamily Building, 4650 SF• 49’X124’ Corner RT-5 North Lot, Nice Quiet Street• Gr Income $105,000/yr. Potential for Add’l Revenue• Investors, Owner-Occupiers Asking $2,450,000

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Linda McNeill604-728-9725

"Helping Home Buyers & Sellers Since 1977"Westburn Realty

604-437-1123 7"

www.lindamcneill.com ~ [email protected]

Fabulous 1912 Character house that has provided a happy, stable home over its lifespan is expectantly awaiting new owners/residents! There are 3 living spaces on 4 fl oors including the basement. A mixture of fi r, cork, & carpet fl ooring. Ground level has a gas f/place, offi ce space, bedroom & living room. Great gardens & yard space for the outdoor gardening enthusiasts! Entirely new roof in 2008. There are beautiful mountain views from the two upper fl oors or enjoy those mountains sitting on the classic front porch. Steps to Victoria & E. 33rd, super transit access to train lines & buses. First viewings at open house April 16/17, 2-5pm

Offers with deposit cheques considered April 21st noon onward.

1866 East 35th Avenue, Vancouver 1866 East 35th Avenue, Vancouver OPEN SATURDAY & SUNDAY April 16/17, 2:00-5:00

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904 SF, 1 Bdrm, 1 Bath Apartment - NewtonOWNING THIS IS CHEAPER THAN RENTING

Conveniently Located in Surrey's Central Newton AreaClose to Transit, Skytrain, Senior Center, Recreation & Shopping

Purchase This Home Affordably -5% DownOnly $760.00/mo. +Strata Fee $215.05/mo

Clean 1 bdrm apartment overlooking courtyard provides an opportunity for affordable living in a central Newton location close to transit, skytrain, senior ctr, recreation & shopping. This spacious 1 bdrm, 1 bath unit w/9' ceilings is neat & clean & priced to be able update to your tastes or move in & enjoy like it is. Foyer w/marble tile fl rs. Spacious liv rm/din rm w/cozy gas f/p & balcony overlooking attractive courtyard area. Spacious bdrm w/bay window, w/i closet & dr to mn bath. Parking stall close to elevator, lge storage locker. Enjoy the recreation center w/clubhouse, gym, indoor hot tub, outdoor pool and tennis court. $164,500.

Details at www.mitten-realty-services.comDoug or Bonnie Mitten (604) 533-3231

$164,500

DOUG & BONNIE MITTEN(604) 533-3231

Westburn Realty (604) 889-8001www.vicjanghomes.com

Burnaby North...View Lot7055 Ridge Drive (Westridge) $1,298,000

OPEN SUN 1-33 bdrm home, full basement (suite potential) hardwood fl oor, two fi replaces. 60 x 120 view of North Shore Mtns/Burrard Inlet. Located on a quiet cul du sac. Ideal holding property, building lot or starter home. ONE OWNER.

Burnaby Heights…View Condo Open Sat 1-2:30

#605 4160 Albert St $498,000Spacious 2 bdrm, 2 baths. One owner well kept condo. shows like new. ALL doors from bedrooms/liv.rm leading out to balcony. Seldom one comes for sale in CARLETON PLACE. Rainscreen. Large North facing balcony panoramic view of the North Shore Mtns. Terrifi c Burnaby Heights location walking distance to all amenities.


1255 E. 41st Avenue $1,165,000

Open House Sunday, April 17th, 2-4pm Don't let the address fool you, this home is perched up off of the street. From the Main and top fl oor's you have beautiful 360 views which swoop from the North shore mountains & MT Baker to Vancouver Islands. You can potentially build 2310 SF HOME and a 568 SF LANEWAY home.

west coast realty604.714.1700

Krista SojkaPersonal , Professional , Experienced ... SOLD!

Call me today!604-375-9240

www.kristasojka.com

REMAX All Points Realty Group #101 – 1020 Austin Ave. Coquitlam, BC Ph. (604) 936-0422 Fx. (604) 936-2751

2253 Kaptey Avenue, Coquitlam

This stunning custom built home boasts only the highest quality European craftsmanship, style and design. Located at the top of a wide, private cul-de-sac, this 5,000 sq ft home offers 180 degree views to die for and is an entertainer's dream with high-end appliances, granite counters, and a large open fl oor plan with fl oor to ceiling windows and French doors that open onto extended patio and outdoor space for functional and modern indoor / outdoor living. The grand entrance with soaring coffered ceilings welcomes you onto 3 levels of gleaming maple fl oors, designer fi xtures and lighting, custom millwork and extensive use of molding and crowns - no expense was spared to create this elegant and distinctive home. The Master Bedroom is its own retreat with double French doors leading to a large patio for gorgeous morning and evening views, a huge ensuite with double sinks, spacious shower and whirlpool soaker tub and a large walk-in closet with custom built-ins. 3 more gorgeous bedrooms up with their own custom millwork, designer paint, lighting and window treatments. With extensive outdoor landscape design, stamped concrete fi nishing, an oversized double garage and easy access to highway and bridge, shopping and transit, in one of the best school catchments in Coquitlam, the discerning family will fall in love with this home for many years to come.

Open Saturday & Sunday April 16th & 17th 12-4 pmPrivate viewings by appointment only.

BALDEV SANDHU 604-880-9571www.BaldevSSandhu.com DaveSandhu@royalpacifi c.com

JULIANA HO 778-869-9688www.JulianaHo.com [email protected]

MASTERDiamond Master

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Vancouver East, Renfrew HeightPresale, Custom Build 3-storey plus LWH

1942 E34 Avenue

NEW LISTING $2,200,000

- Great location in Victoria district on a quiet street- 3-storey , 3000 square feet house plus 500 sf lane way house- 3 bedrooms up and 3 bedrooms down (2 suites), family room,

dining room 5 bathrooms & 3 kitchens- Granite counter top, engineered hard wood floor, maple wood cabinets.- Inter-telecom, HRV system, heating exchanger, radiant heat. - Beautiful fenced garden, single garage.- Clients to provide own plan and colour choice are welcome.

BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAMTop New Home Construction AwardTop New Home Construction Award

- Fist time buyer alert! No strata fee- a single family infill in 2 storeys,- 1330 sf living area features 3 bedrooms, 2.5

bathroom, kitchen, living room- Open parking.- Don’t miss!

Vancouver East, CollingwoodSingle family in 2 storeys

5512 Dundee Street

NEW LISTING $950,000- A recently upgraded 2 storey house

situated on a quiet street of Main & Fraser area. 2030 sf living area

- 6 bedrooms & 4 full bathrooms, 2 kitchens.

- Existing 2 bdrm suite + another 1 bedroom on main floor easy to convert as 2nd suite for mortgage helper

- Close to shopping, schools, parks. Don’t miss!

OPEN HOUSE SUNDAY 2-4 PMVancouver East, Collingwood

Single family 2 storey house • 1028 East 31 Avenue


- A fabulous custom 2 storey with basement- Total area 3300 sf house with LWH - Total 7 bedrooms, 6 bathrooms- Granite counter top, maple wood cabinets - Radiant floor heating, HRV & security system- Single garage - Buyer to provide own plan &

colour choice are welcome

Vancouver East, RenfrewPresale, Build to Suit, 3 storeys plus LWH

2165 Rupert Street


- 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


- 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 bedrooms, 6 baths, kitchen, living room, dining room- 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 Avenue


- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest built

- 5 bdrms, living room, family room & 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 East 41 Avenue

$1,165,000

- A quality built 1745 sf duplex under construction- 3 bedrooms above, living room, dinning room,

kitchen, 2 bedroom suite in basement - 3.5 bathrooms, granite countertop, maple wood

cabinets, hardwood floor, HRV system, inter-telecom - Single garage

Vancouver East, CollingwoodSxS Duplex, 2-storey with basement under construction

5508 Dundee Street and 5502 Dundee Street

NEW LISTING 5508 - $1,263,000

5502 - $1,299,000- A fabulous South facing in Victoria area- Total area 3250 sf on lot size 33 ft x 122 ft , 2 storey with

basement plus LWH- Granite counter top, maple wood cabinets - Radiant heat , HRV and security system - Buyer to provide own plan and choice are welcome

Vancouver East, VictoriaPresale, Build to Suit - 3 storeys plus LWH

2073 E 27th Avenue



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MILL LAKE, MAHOGANY IS TRULY THE NEW HEIGHT OF LIVING IN ABBOTSFORD. TO LIVE HERE IS TO LIVE WELL.

R EG I S T E R TO DAY FO R T H E G R A N D O P E N I N G E V E N T

Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies.


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VANCOUVER EASTSIDE T H U R S D A Y , A P R I L 1 4 , 2 0 1 6

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

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

Looking for a newhome? Start here.

CONCORD PACIFIC IS BRINGING

YALETOWN TO BURNABYYaletown is coming to Burnaby.

That’s the main idea behind Concord Brentwood, a master-

planned community that will encompass – and transform – 26 acres in Burnaby’s coveted Brentwood neighbourhood, according to Matt Meehan, senior vice-president of planning with Concord Pacifi c Developments Inc.

The renowned development company is known for building large-scale com-munities such as Concord Pacifi c Place in Vancouver’s Yaletown – one of Canada’s largest urban masterplanned communi-ties, located on the former Expo lands on False Creek – as well as a host of other prestigious developments in Metro Vancouver, Toronto, Calgary and London, England. Now it has its sights set on Brentwood.

“[Concord Brentwood] will transform an underutilized industrial area into a beauti-ful and diverse mixed-use park-side com-

munity that completes the exciting revi-talization of the Brentwood Town Centre neighbourhood,” Meehan says.

The masterplanned community, Concord’s largest in Burnaby, will sit in the heart of Brentwood, south of Lougheed Highway between Beta and Delta avenues, and will be anchored by over 13 acres of park and green space.

“This was planned closely with the City of Burnaby to be an extremely livable fam-ily community,” Meehan says. The green space will be developed as “a combina-tion of passive and sports/events pro-gramming with recreational infrastructure interlaced,” he adds, and a proposed new public school is also planned as part of the community.

The development will feature “end-less amenities [like] Concord Pacifi c’s Signature Super Club and a Village Central, which will be introduced in Phase 2, con-sisting of a proposed new grocery store,

cafés, and other service-oriented commer-cial retailers,” Meehan says.

Designed by award-winning architect James K.M. Cheng of Vancouver, Concord Brentwood will consist of 10 residential towers, most between 40 and 45 storeys tall.

Tower 1 of Phase 1 will consist of 426 units on 45 storeys, with one- to three-bedroom homes ranging from 534 to 1,239 square feet. Luxurious interior features will include fully integrated Bosch appli-ances, quartz countertops and marble tile backsplashes in shower surrounds and bathroom fl ooring.

“Most corner two- and three-bedrooms will have wraparound balconies with a unique sliding door system that seamless-ly connects the indoor and outdoor space,” says Peter Webb, senior vice-president of development with Concord Pacifi c.

A central lobby podium, shared between towers 1 and 2, will house two levels of

amenities, including a fi tness centre with yoga studio, grand lounge, games room, pet grooming room, theatre room, study rooms and a music room.

Brentwood’s central location, 20 min-utes from downtown Vancouver, off ers easy access to highways and the SkyTrain, as well as a host of established ameni-ties and a growing array of shops and restaurants all within a short walk. This includes Brentwood Town Centre – cur-rently undergoing massive redevelopment into a world-class shopping, dining and entertainment destination.

Concord Brentwood Phase 1 sales are set to open this spring. The Burnaby pre-sentation centre, located in Metrotown, is now in its fi nal construction stages and will soon open to the public.

For information and to register for

updates about the project, visit

www.concordbrentwood.com.

VANCOUVER EASTSIDE Apr 14, 2016 Real Estate Weekly

Documents

Transcript of VANCOUVER EASTSIDE Apr 14, 2016 Real Estate Weekly