VANCOUVER EASTSIDE Jul 10, 2015 Real Estate Weekly

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!

VANCOUVER EASTSIDE FRIDAY, JULY 10, [email protected] • 604-435-7977

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

Summer’s here, and it’s not just the mercury that’s rising throughout BC. After a long slump, the market for

recreational properties is heating up… rapidly. “This is the busiest start to a year that I’ve seen in a long, long time,” says recreational property guru Rudy Nielsen, president of Niho Land & Cattle Company and Landcor Data Corporation.

The recent annual recreational property reports by Royal LePage and Re/Max both shared the same message, citing increased interest from overseas and domestic buyers because of the low Canadian dollar.

The good news for buyers? Now’s the time to snag some good deals while properties are still attempting to rebound from previous lulls and interest rates remain low.

Market Rebounds“In an economic downturn, recreational

properties are always the fi rst to feel the pressure and the last to come back,” says Curt Jansen, vice president of sales and

marketing with Skaha Hills in Penticton. He adds that sales are now so strong, Skaha Hills’ initial phase sold out in just over two months – a far cry from the predicted two and a half years.

He notes the 2008 fi nancial meltdown lured many British Columbians to invest in desert locations like Scottsdale or Phoenix when the Canadian dollar was at par and American recreational property was readily available at 40 cents on the dollar. Now, as the loonie loses ground against the US greenback and bottom-line travel costs – especially airfare – skyrocket, many property owners see a new opportunity in Canadian markets.

“You’ll likely be able to sell your US property at a profi t, plus you’re making 20 per cent on the dollar when you convert to Canadian funds,” says James Askew, president of rareEarth Project Marketing. “Meaning you can purchase a property somewhere like Vancouver Island or parts of the Okanagan that are still undervalued

by 10 or 20 per cent, and often still keeping money in your pocket.”

One question mark is the Alberta buyer. Don Campbell, senior analyst at the Real Estate Investment Network and one of Canada’s leading real estate investment authors, believes the combination of falling oil prices and a new provincial government will keep some Albertans sitting on the fence for now. And Nielsen says they are still coming but acknowledges they are now less of a primary market driver.

Heat Indicators: The Decision to BuyAccess remains a key driver in the

decision to purchase recreational property, but proximity to services and amenities is gaining strength as a major consideration. “While there will always be people who want the pure solitude of being somewhere out in the bush, the majority of buyers still want the convenience of things like a grocery store, coff ee shop and somewhere to eat out,” says Campbell. “They also

want to be able to get there in three or four hours after work on Friday – even if they’re arriving at midnight, it’s OK.”

Nielsen agrees. He’s nicknamed it the “golden circle” – an informal but remarkably accurate price predictor based on proximity to the urban hubs where most recreational property buyers live. “For example, you’ll likely spend $600,000 to $700,000 for a lakefront property in Merritt – about a two-hour drive from Vancouver. If you’re willing to drive fi ve hours to Williams Lake, you can fi nd the same kind of property for half that amount. And in Prince George, a 12-hour drive from Vancouver, there are lots of lakefront deals to be had for around $100,000 – but you can’t spontaneously drive there for the weekend.”

Want to know where the best deals in BC recreational property can be found this year? Find the extended version of this story online at REW.ca/News/Market

Recreational Property Market Heats Up in BC

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Vancouver Real Estate Market Sizzles in Hottest June on Record: REBGV

Is a Recreational Property a Risky or a Sound

Investment?

Ask the Expert: What Happens If I Donʼt Have My

Full Down Payment?

•2 REW.ca » VANCOUVER EASTSIDE » FRIDAY JULY 10, 2015

Ramnik Dhaliwal778.239.0952

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REW.ca » VANCOUVER EASTSIDE » FRIDAY JULY 10, 2015 3•

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Vancouver East, RenfrewSpacious Van Special

2792 Kitchener St., Vancouver

NEW LISTING $1,368,000

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Burnaby South,Metrotown Apartment

220 5788 Sidley St., Bby

NEW LISTING $277,000

- A upper corner unit to enjoy gorgeous Northern mountain view

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Vancouver East, KillarneyApartment, Upper Coner Unit

302 - 1958 E 47 Ave


- A well maintained duplex conveniently situated at Grandview area

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Vancouver East, GrandviewSpacious Duplex in 2 storeys

1409 E. 12th Avenue


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Vancouver EastUpper Unit Apartment#307-3319 Kingsway


- Convenient location close to all, school, shopping and public transit

- Under construction, top quality build 1200 square feet in 3 storeys

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Vancouver East, Collingwood2756 Ward St., Vancouver

Front & Back Duplex, Under Construction

NEW LISTING DUPLEXeach $798,000

incl. GST

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- A solid bungalow situated on a prime area or Burnaby North area

- Ideal big lot size 41x132 ft - Featuring 2 bedrooms and den at up , den

could be made into a bedroom - 2 kitchens, basement self contained with one

bedroom suite with separate entrance. - Currently good tenants that would like to stay - Nice double garage perfect for car booth and

lots of parking

Burnaby North,Willingdon Heights

1403 Gilmore Ave., Burnaby


- Custom build, stunning house 4000 sf in 3 storeys plus 500 sf Lane Way House

- An ideal corner lot size 44.05 x 130.15 convenient location in the Collingwod district.

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cabinets- Inter-telecom, HRV sys., heating exchanger, radiant heat.- Beautiful fenced garden, double garage

Vancouver East, CollingwoodPresale, Build to Suit

3304 Clive St.


- Great location in Collingwood area.- A SxS 1/2 Duplex under construction is coming soon- 3-storey spacious 1900 sf unit build with a great

floor plan and advanced technology- 3 bdrms up, living room, family room & kitchen at

main floor, 1 bdrm bsmt suite- Granite countertop, engineering h/w floor, kitchen

cabinets- Radiant heat & HRV system, high efficient heating

system

Vancouver East, CollingwoodSide by Side ½ Duplex

2838 Horley Street - Each unit


- Great location in Collingwood area- A SxS Duplex under construction is coming soon - 3-storey spacious 1975 sf unit built with a great

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Vancouver East, CollingwoodSide by Side Duplex

2359 E. 41 Ave., Vancouver

$1,078,000

- 3-storey spacious duplex under construction in Collingwood neighbourhood

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Vancouver East, CollingwoodDuplex, 2 storeys with basement

5492 Dundee Street

$1,200,000

- Convenient location close to all, school, shopping and public transit

- Under construction, top quality build approx. 2000 square feet in 3 storeys

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Vancouver East, CollingwoodSide by Side Duplex

5603 Rhodes St. Vancouver

DUPLEX each $1,158,000

- A perfect location at Cambie ST and West Boardway

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510 522 W. 8th Ave.


UNDERUNDERCONSTRUCTIONCONSTRUCTION

UNDERUNDERCONSTRUCTIONCONSTRUCTION

NEWNEWLISTINGLISTING


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43x122 LOT

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LOT 32X1236414 FRASER ST.

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LOT 45x112.94

1670 EAST 57TH AVE.• 6 bedroom & 4 baths• 3,600 sqft• Double garage• 2 storey home


LOT 50X116.51407 EAST 62ND AVE.

• 8 bedroom & 7 baths• 3,875 sqft• Laneway home• Convenient location


LOT 5,421 SF

2 NEW HOMESCOMING SOON1325 EAST 41ST

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2488 SE MARINE DR.2488 SE MARINE DR.• 8 bedrooms, 6 bathrooms• Potential 2 suites in bsmt• Steps to new River District waterfront


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ABSOLUTELY CHARMING CHARACTER HOME$1,198,000 Charming character home in the

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1914 Hastings Sunrise Family Home$1,198,800 Beautifully renovated 1914

character home with fantastic VIEWS towards the Mountains. Entertainerʼs kitchen with granite countertops, S/S appliances with gas stove. Lots of original char-acter including w/b fi replace, Fir mouldings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced back-yard w/ full veggie garden. Fan-tastic Hastings Sunrise location, 1 blk from restaurants & shop-ping. Laneway house potential. 2727 FRANKLIN ST.

DHARMA DIGS NORTH FACING 1 BDRM$279,900 Open layout with galley kitch-

en, separate dining area, lge living room & bdrm big enough for a king sized bed! Many fea-tures including laminate fl oors, large covered deck & in-suite storage that could be used as a small offi ce. Great bldg, very well managed with many up-dates (roof, boiler & plumbing). Pet & Rental friendly - this unit is currently rented at $1200/month with low strata fees (incl. heat & h/w). 1 blk to Commer-cial Drive & all it has to offer. 215-1549 KITCHENER ST.

YOUR QUIET 2 BDRM & DEN ON THE DRIVE$374,900 The Drive! Quiet side, corner

sub-penthouse offering 2 spa-cious bdrms & a roomy den in this fully rainscreened bldg. Gutted in 2011 - come discover the smartly designed kitchen offering S/S appliances, gleam-ing Stoney Creek counter tops, luxury vinyl fl ooring throughout & a modern gas f/p. King size furniture easily fi ts in the master bed, 2nd spacious bedroom and custom made closet organizers in both bedrooms; roomy den & in-suite laundry. Unpack and En-joy! #308-1516 E.1ST AVE.

YOUR VERY OWN OASIS IN UBC$479,800 The “Bristol” at Hampton Place.

2 bdrm unit with treed outlook. This well laid out suite has a West facing covered deck with access from both bdrms & the living room. Gleaming Canadian Maple fl oors throughout & ample windows make this a bright & light fi lled home. Cozy gas f/p in the living room. Fabulous bldg with live-in caretaker & full gym. The building also features 2 guest suites & visitor park-ing. BONUS: 2 PKG STALLS! 228-5735 HAMPTON PL.

MOUNT PLEASANT 1/2 DUPLEX$749,000 Rare private Mount Pleasant 1/2

Duplex with south facing back-yard. This 3 bed, 2.5 bath, well laid out home has updated radi-ant heat, laminate fl ooring and new kitchen appliances in a well maintained building that is easy to maintain. A peaceful neighbour-hood conveniently located near shops and restaurants, Queen Alexandra & Charles Dickens el-ementaries, and the Commercial Skytrain station. Enjoy your own quiet private back yard and one car garage. Perfect for a growing family. 1052 E.10TH AVE.


www.vancouverres idence.com

LORNE GOLDMAN604.263.1911

lorne@vancouverres idence.com

Personal Real Estate Corporationrporation

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320 - 10707 139th St.Surrey - Whalley

1 bedroom condo with in-suite laundry, 633 sq ft, 1 parking,1 locker.www.GeorgeGomory.com

$179,000

7785 16th Ave. Burnaby East

Quiet Street,3 level home,7 bedrooms,

6.5 bathrooms,fenced yard,3700 sq ft.


$1,298,000

104 - 15 Smokey Smith Pl.New Westminster - Glenbrooke North

Spacious 686 sq ft garden level 1 bed-room condo with 9 ft ceilings and

gas fireplace,1 parking, 1 locker.


$249,900

156 14600 Morris Valley Rd.Mission - Lake Errock

Trailer on Strata Pad in great yearround vacation spot, Golf, Ski, & Fish.


$92,000

4872 Carson Pl.South Slope

Spacious 3000 sqft home with walk out

basement. Easy to Suite Down.


208 - 4275 Grange St. Burnaby South - Central Park

740 sq ft, 1 bedroom, 1 parking,1 locker, walk to Metrotown & Sky Train.


SOLDSOLD

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GET YOUR FREE PROPERTY ALERTS


LISTINGS WANTED

Lots of Buyers on hand, Local & Overseas

Investors / BuildersPlease call 604-244-9622

for a FREE MARKET EVALUATION

- Seeking forward thinking licensed agents to look after buyers, preferably fluent in English and Chinese (Mandarin or Cantonese)

- Good people & computer skills a must- Basic Salary + CommissionPlease email covering letter & resume

to [email protected]

Bi-lingual Licensed Agent WANTED

(Vancouver/Richmond)

14683 MARINE DRIVE,WHITE ROCK

Builders and Investors Alert! White Rock - Huge 10,394 sq ft lot, subdividable into 2 lots. South facing with unobstructed Ocean and mountains view. 2 storey home with 6 bedrooms, livable condition. Close to shops and park. Excellent value to hold or to build your dream home.

$2,988,000NEW LISTING

14822 HARDIE AVENUE,WHITE ROCK

Impressive hillside Ocean View Home, constructed with concrete & steel, the interior woods are custom hand-crafted in Ecuador. Extensive use of Brazilian marble & granite, 4,258 sq ft living area with 10’ ceilings, solid Mahogany doors, custom designed art glass. Unobstructed Ocean View. Custom designed courtyard with a huge waterfall cascading over natural rocks into a koi pond, flagstone walkways.

$2,483,000NEW LISTING

12331 GILBERT ROAD,RICHMOND

A RARE FIND! Centrally located 10 Acres AG1 farm land on Gilbert Road, with 353 feet frontage and a solid bungalow in front. Build your beautiful dream mansion, and enjoy the country style living right close to all amenities in Central Richmond

6600 CLEMATIS DRIVE,RICHMOND

Prime “Riverdale” neighborhood! Quality built 1 year new custom built family home featuring 3,072 sq ft living area on 60.3 X 100 (6,030) sq ft south facing lot. Beautiful street appeal and among many brand new million dollars home. Bright and spacious 6 bedrooms 5 1/2 baths (4 ensuites) including a 1 bedroom living quarter with separate entrance. Open floor plan with high quality laminated hardwood floor, central air-conditioning, HRV, gourmet kitchen with stainless steel appliances. Large wood deck in the patio, full landscaped, for your entertainment purpose.

$1,868,000

6391 NO. 4 ROAD,RICHMOND

Investors Alert! $100,000 below Government Assessment $1,492,000!!! Potential future townhouse development site! Solid well maintained 2 level house features 3,331 sq ft living area on huge 70X187 (13,076) sq ft lot. 4 bedrooms + den up, 2 separate suites with 2 bedroom and a 1 bedroom suite down. Next door 9831 Alberta Road also on MLS. Very desirable central area in McLennan North, close to schools and Garden City Park, transit, future Walmart shopping .... Excellent investment opportunity! Live in or hold!

$1,399,000

3880 KILBY COURT,RICHMOND

The Oaks! Absolutely gorgeous 2,900 sq ft EXECUTIVE HOME on 5,900 sq ft corner lot. 4 bedroom + Den. Bright and spacious Living & Dining Room, elegant family Room with gorgeous natural stone fireplace. Central air-conditioning, kitchen completely updated with granite counters, newer stainless steel appliances, new hot water tank, new Master Ensuite, new roof, laminated hardwood floor on the main .… Centrally located, close to park, elementary school, transit, shopping and minutes to Vancouver!

$1,088,000

4517 NANAIMO STREET,VANCOUVER

Vancouver East “Victoria” area – 3 level quality built 1/2 duplex, 1,416 sq ft, spacious living & dining area, 3 bedrooms up & potential rental suite in the basement w/ separate entrance. Back onto tree-lined General Brock Park. Walking distance to Nanaimo Skytrain Station, shops, parks!

$888,000

4519 NANAIMO STREET,VANCOUVER

Vancouver East “Victoria” area – 3 level quality built 1/2 duplex, 1,416 sq ft, spacious living & dining area, 3 bedrooms up & potential rental suite in the basement w/ separate entrance. Back onto tree-lined General Brock Park. Walking distance to Nanaimo Skytrain Station, shops, parks!

$888,000NEW LISTING

11611 WILLIAMS ROAD,RICHMOND

Popular “Ironwood” Neighborhood! Beautiful custom designed quality built family home with 4 bedrooms 3 ½ baths, including a one bedroom in-law suite upstairs with separate entrance, which serve as a mortgage helper. Excellent layout with 1,921 sq ft on 3,509 sq ft south facing lot. Spacious bedrooms and large Family Room. Updated with laminated hardwood floor, granite countertops and stainless steel appliances. Extensive use of crown moldings, tile roof, hot water radiant heating. Great location, close to schools, transit and Ironwood Shopping Mall.

$898,000NEW LISTING

#28-15977 26TH AVENUE,SOUTH SURREY

South Surrey - 3 level beautiful townhouse, corner unit, 3 bedrooms up & 1 bedroom down, 2,412 sq ft living area! Bright & spacious, modern designs & updates. Southern exposure, good size backyard. Convenience location, walking distance to Southridge, one of the best private schools in BC, & shopping centre at Morgan Crossing!

$668,000

11159 LYON ROAD,NORTH DELTA

Prestigious & beautiful ‘Sunshine Hills’ neighborhood! This quality built 4 bedroom home 2,842 sq ft living area 70x113 lot with wonderful views of the City & Fraser River at the back. Very well laid out, grand foyer, high ceiling, spacious vaulted ceiling living room, entertainment size dining room. Gourmet kitchen steps out to large sundeck. 5 years new roof, 3 years new baseboard heating, newer patio & balcony railings, 2 gas fireplaces….Beautifully landscaped, 3 car garage & a circular driveway.

$929,000

#511-2268 REDBUD LANE,VANCOUVER WEST

Vancouver West “Kitsilano” – Ansonia! South facing great city views studio in well-maintained concrete building. 509 sq ft living area, 9 ft ceiling, spacious kitchen with breakfast bar, brand new murphy bed, customized wall panel for A/C exhaust hose & portable A/C unit, gas fireplace, insuite laundry. Convenient location, close to UBC, walking distance to transit, grocery, parks.


#101-6388 MARLBOROUGH AVE, BURNABY

Burnaby South “Forest Glen” neighborhood – Marlborough Place! Bright 2 bedroom & 2 bath corner unit, 934 sq ft living area and a huge private patio. Convenient located, close to Metrotown, walking distance to French immersion Marlborough Elementary and transit.


6820 BUCKLEY BAY FRONTAGE RD,FANNY BAY

BUCKLEY BAY OCEAN FRONT VILLA amazing ocean views & unique Santa Fe style. Gorgeous, bright & spacious 4,000 sq ft, 4 bedroom & 3 bath 2 level custom built home on 0.36 acre of walk-on waterfront. Dramatic high ceiling on main floor, exposed beams, numerous skylights & sliding doors. Gourmet kitchen open to living room, elegant dining room & huge balcony with magnificent ocean / mountain views & Denman Island. Walk-out basement can be self-contained 2 bedroom suite. Virtual tour www.tourfactory.com/1367116.

$899,900OCEAN VIEW 85 ̓WATERFRONT

#320-15988 26TH AVENUE,SOUTH SURREY

South Surrey - the Morgan! Spacious 2 bedroom plus den & 2 baths unit, 965 sq ft living area, 9’ ceilings, good size bedrooms & a big den, granite counter, stainless appliances. Amazing Club House, Multi-functional room, Gym, Yoga Centre, outdoor pool etc. Steps to Southridge & Sunnyside Elementary and Semiahmoo catchment, shops.

$308,000

#109-836 12TH STREET, NEW WESTMINSTER

New Westminster “ London Place “ 2 bedroom corner unit (not ground floor)! Affordable starter with 811 sq ft and a huge 20 x 20 patio, one car underground parking & locker! Central location with lots of convenience to shops, school & transportation.

$199,900

1926 QUILCHENA AVENUE,MERRITT

Successful business with property for sale! Owner retiring! The largest Dry Cleaning & Laundromat business in Merritt, with large number of established commercial accounts from nearby communities. Property is very well maintained and solidly built with 3,200 sq ft roof top, capable of expansion for putting a residence on top. Owner motivated and will train. Turn key operation for immigrants who want to start a successful business in BC! Call for details.


1965 HAWK DRIVE, COURTENAY

Investors & Developers Alert! 2.28 acres (99,316 sq ft) with a absolutely beautiful rancher in good condition, rented $1,400 to good tenant. Next to Crown Isle Golf & Country Club, minutes to Aquatic Centre, Home Depot, Thrifty Food Mall, future new hospital and all amenities. Backing onto bike / walking path, and surrounded by parks. Proposed 7 lot subdivision already approved by City of Courtenay. This is as good as it gets!

$668,000INVESTORS ALERT

For Professional Service & Positive Results

$5,500,000


www.TsawwassenSprings.ca / [email protected] - 5099 Springs Boulevard, Tsawwassen V4M 0A2

Yvonne Lynch | Sarah Toigo Haley Chang | Jim Dawson

Sales Centre Open 12-5pm Tuesday-Sunday

604-948-4663 Regency Realty Ltd.

#205 – 5099 Springs BoulevardPrice: $879,900

• This 2 bedroom + den at 1555 SF is a prime corner suite at Tsawwassen Springs.

• This rare northwest corner suite fetches premium views of water, sunsets, mountains & golf course.

• Oversized north and west facing balconies allow maximum outdoor enjoyment.

• Includes large insuite storage space and open-concept kitchen & cozy great room with gas fi replace and MORE!

Most Popular Condo Plan#401 – 5055 Springs Boulevard

Price: $879,900• This spectacular 3 bedroom concrete condo boasts ultimate great room,

over 23’ wide! • Gourmet kitchen includes Fisher & Paykel stainless steel appliances, walnut

cabinets, quartz counter tops.• Easy transition from inside to out with 23 ft + wide south facing balcony—

great for entertaining!• Large laundry room, large master bedroom and walk in closet and spa like

ensuite. Comes with 2 parking stalls!!

3 Bdrm, South Facing Condo, 1655 SF#109 – 5055 Springs Boulevard

Price: $728,000• Prime ground fl oor corner suite offering 2 bedrooms & 2 bathrooms.

• Oversized windows that wrap around the great room to give maximum natural light with golf course and North Shore Mountain views.

• Suite boasts spacious great room, gourmet kitchen with stainless appliances, 9’ ceilings and private patio.

• Call today for a private showing! Resale GST not applicable.

Ground Floor Suite, 1201 SF

#409-5099 Springs BoulevardPrice: $839,900

Penthouse Suite5076 Cedar Springs Drive

Price: $1,398,900

Golf Course View Home, 2132 SF

1626 Birch Springs LanePrice: $818,800

Most Popular House Plan!


2 Bedroom + Den, 1461 SF


1 Bedroom + Den, 1053 SF

SOLDSOLD

SOLDSOLD

SOLDSOLD

Upgrade your lifestyle! Don’t miss the opportunity to own a beautiful Arts & Crafts home. These Houses and Condos offer all the benefi ts of living in a resort but with very little maintenance--worry free living at it’s best! All plans offer open concept layouts, stainless steel appliances, engineered hardwood fl oors, oversized covered patio, plumbed for a built-in outdoor heater & BBQ outlet, and every detail you want in a sunny Tsawwassen home, all on freehold land. Move in this summer!

5056 Cedar Springs DrivePrice: $1,989,900

Golf Course View House

• 4 bdrm + den + fl ex, 4.5 bathroom • South facing golf course view

House • 3004 SF 2 level + casita• Casita – What’s that? Could be a

guest room, offi ce, gym• Gourmet kitchen: quartz

countertops, walnut cabinets• Fisher and Paykel stainless

appliances — gas range!• Lyonstone gas fi replace• Grand 20 ft ceilings in great room • Media room upstairs

5060 Cedar Springs Drive Price: $1,369,900

Golf Course View House

• 2 bedroom + den + fl ex,

3.5 bathroom

• Sunny south facing home

with gorgeous golf course

views

• 2094 SF, 2 level house

• Fisher and Paykel stainless

appliances — gas range!

1636 Fir Springs LanePrice: $939,900

Rancher Style House

• 2 bedroom + den + 2 bathroom

• Beautiful 1773 SF rancher

• Amazing sense of space with 10’ throughout + 11’ coffered ceilings in your great room

• Private backyard

• Enjoy morning sun

• Fisher and Paykel stainless appliances — gas range!

5036 Springs Boulevard Price: $889,900

Rancher Style House

• 3 bedroom + 3 bathroom

• Beautiful 1820 SF rancher

• Amazing sense of space with

10’ throughout + 11’ coffered

ceilings in your great room

• Corner lot

• Private backyard

• Enjoy morning sun

SOLDSOLD

JUST SOLD

JUST SOLD

PENDING

PENDING


CottAges from $199,900Open House 11am-4pm Daily

53480 BRIDAL FALLS ROAD, BRIDAL FALLS 604.745.4104

This is not an offering for sale. Such an offering can only be made with an information statement. E.&O.E.

DiscoverBridalFalls.com

ESCAPE FROM THE EVERYDAY, EVERY DAY.

DOWNSIZERS • RECREATIONAL BUYERS


1708–55A STREET AT 18 AVENUE, TSAWWASSEN. OPEN DAILY 12-5 (EXCEPT FRIDAY)

CITYHOMESNORTHGATE.CA | 604.948.2345

A rare find in sunny Tsawwassen, Greater Vancouver’s newest hot spot to buy. The perfect blend of townhome and condo living. Gourmet kitchen with gas cook top, spacious open floor plans and secured underground parking.

1 BEDROOM $289,900 | 2 BEDROOM $359,900 | 3 BEDROOM FROM $439,900*

* Prices do not include GST. This is not an offering for sale. Any such offer may only be made with a Disclosure Statement. E. & O. E.

DISTINCTIVE DESIGN. 1,2,3 LEVEL HOMES WITH YOUR OWN STREET LEVEL ENTRY

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

Bosa Development has been given the go-ahead to redevelop a portion of the Lynn Valley mall, demolition estimated for late summer or early fall 2015.

District of North Vancouver coun-cil voted unanimously June 15 to issue the development permit for Lynn Valley Centre, which will eventually include a 50,000 square-foot commercial podium and 360 approx. residential units in six buildings between four and 12 storeys in height.

In exchange, the district is receiving $4.5 million worth of community ameni-ties in cash, aff ordable housing, public art and a widening of Lynn Valley Road at Highway 1.

Under the timeframe presented to

council, the eastern side of project along Mountain Highway will be the fi rst to go under construction with 116 of the units being built between the winter of 2016 and the spring of 2018. The rest, includ-ing 244 units and the commercial space where the old Zellers store once sat is slated to begin construction in the fall of 2016 and continue until the summer of 2018.

The remainder of the mall will be reno-vated sometime after.

Bosa has tweaked the project some-what since winning its bid for rezoning in June 2014. The project will now have 39 fewer units and one of the towers will be one storey shorter.

Granting the development permit was a long time coming for members of council who refl ected on the years spent develop-

ing the offi cial community plan, the Lynn Valley town centre plan and the design guidelines for the development. The pro-cess was rocky at times but ultimately, made for good compromise in the fi nal design, council members noted.

“I will say that I’m very pleased that we’ve fi nally arrived at a development permit for this project,” said Coun. Roger Bassam. “It just seemed to go on and on and on but ultimately, this is what the reward is. We’re going to have a new heart in the Lynn Valley town centre. I’m very excited to see this begin. I’ll be even more excited when it’s done.”

The project is intended to revitalize Lynn Valley.

“Most people under 40 support it. A few of us older people support it as well,” said Councillor Robin Hicks, also a Lynn Valley resident.

“It had a fairly volatile process but I think the end result is going to please everybody, even the doubters in the end.”

After praising the design, Councillor Lisa Muri said the project will be a test of the district’s construction mitigation plans.

The Residences at Lynn Valleywww.lynnvalleyresidences.com

North Vancouver’s Lynn Valley Towers to Go Ahead

By Brent Richter

Bosa Development gets green light to demolish the old library site, a parking structure and the old Zellers building and redevelop Lynn Valley mall area for approx. 360 residential units plus a new commercial podium

Documents

VANCOUVER EASTSIDE Jul 10, 2015 Real Estate Weekly