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REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015 1•
R E A L E S T A T E W E E K L Y
MAPLE RIDGE PITT MEADOWS FRIDAY, JULY 31, [email protected] • 604-435-7977
There’s a new trend in the new condo market. A signifi cant segment of wealthy baby boomers are selling
their detached homes – but rather than downsizing and banking their profi ts (or passing them onto the Millennial genera-tion), these individuals are investing in large upscale condos. It’s called rightsiz-ing.
It’s a strategy that local developer Grosvenor is using on all its projects currently in development in Metro Vancouver: Grosvenor Ambleside; Grosvenor Edgemont; and a new site at Pacifi c and Hornby.
“Developers are either going towards micro units or larger suites,” says Michael Ward, Grosvenor’s senior vice-president and general manager. “We’re seeing a lot of buyers who are selling their single-family homes and purchasing a condo at the same price. It’s a shift in the market that wasn’t prevalent a year ago.”
Evidence in West VancouverGrosvenor has direct evidence of this
at its Ambleside project. Phase one is just over half sold and more than 80 per cent
of buyers are West Vancouver residents who, up until now, have not had many opportunities to purchase high-end con-dos locally.
“The fi nishes and the view are perhaps better than what was in their house,” says Ward. “They might be getting slightly less in square footage, but it’s a lateral move in terms of price.”
Grosvenor takes heed of feedback it receives during the development process and at public meetings. The developer also sits in on focus groups and meets with marketing fi rms whose job it is to follow trends.
“Developers have to follow the needs of people and anticipate what they’ll want and what will be in demand,” says Ward.
Prevalent in Wealthy PocketsJason Turcotte, the vice president of
development at Cressey Development Group, notes that the obvious areas for these upscale projects are pockets where there is already a lot of wealth, such as West Vancouver, Vancouver’s West Side and White Rock.
“These buyers do not want to leave
their neighbourhood,” he explains. “They’ve often been there for many years and they’re looking for options to free up their lifestyle. They want a place with low maintenance that they can lock and leave when they go on holiday.”
Cressey is currently selling units at Beverley in White Rock where the average unit size is about 1,500 square feet.
“Beverley has been extremely well received,” says Turcotte, noting that two-thirds of the homes sold quickly. “Buyers are looking for large square footage and quality... they are not willing to compro-mise. Often their new home is a step up from their existing one, which is already quite nice. Outdoor space is also impor-tant to this market. Almost all of the Beverley homes have terraces and roof decks or 30-foot-wide balconies.”
The fi rst project where Cressey began off ering larger units was its Arbutus Ridge development. It will be apply-ing the same principals at Sterling in Kerrisdale, which it hopes to bring to market this summer, and Bellevue in West Vancouver’s Dundarave neighbour-hood.
Density “No Guarantee of Affordability”
Upscale projects like these are adding density to communities, but they certain-ly are not making their neighbourhoods more aff ordable.
“There is no guarantee that den-sity makes for aff ordability,” says Tsur Somerville, director at the UBC Centre for Urban Economics and Real Estate. “Condos have traditionally appealed to fi rst-time buyers, single people and empty nesters. What’s diff erent now is folks with money who want larger condos. It’s not the old story of empty-nesters selling their homes to make money and it will change the type of products developers make.”
“Densifi cation has been a trend for decades,” added Gordon Price, director of the City Program at SFU. “The bigger change here is the equity some people are able to take out of selling their single family houses. They can aff ord something more luxurious.
“Will it continue? I wouldn’t count on it... it will always be a low percentage of the overall population who can aff ord luxury product.”
Rightsizing for Boomers: Emerging Trend Defies Affordability Factors
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
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Your Condo?
Ask the Expert: What Mistakes Should I Avoid in Getting
My Mortgage?
•2 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015
DOROTHY MORRISH1-250-319-1870
Real Estate (Kamloops)
258 Seymour St.Kamloops, B.C.
V2C 2E5
For More Info please go to my website www.dorothyremax.com
Wish you had getaway place that is affordable, captures the quiet, nature, and yet comfortable no matter what the weather?? This could be it! Approx 600 sq ft log cabin compete with kitchen, bathroom, bedroom plus room for more, cozy wood stove for winter fun, and only 3 hours from lower mainland.Hooked up to water and sewer. Access to private lakeshore and dock. Paved road, year round access to lots of sunshine, fresh air and unspoiled nature. Snowmobile, ski, ice fish in winter, fish, swim, quad and bike In the summer! OFFERS to $239,900
MILE HIGH ESTATES AT FACE LAKE!
Outstanding, infloor heated 32 by 45 detached shop, plus 2000+ sq ft. updated basement entry home all on a deeded 1 acre, mostly fenced lot. Water system, easy lake access, lots of sunshine and only minutes fromKamloops and Sun Peaks. 3 hr drive from Vancouver to great snowmobiling, fishing, and fresh air! Must be seen! OFFERS to $599,900
LAC LE JEUNE!
Brookside RealtyChad August
604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM
25915 124th Avenue Maple Ridge
• 2 houses, Main house 3600sq ft rancher • Huge 25x28 garage • Over 4 acres of land • Your own personal lake
$1,250,000$1,250,000
ROOM FOR THE WHOLE FAMILYROOM FOR THE WHOLE FAMILY
V1125658V11256581442 Rhines Crescent
• HUGE over 8000 sq ft lot Backing onto Greenbelt
• Over 2100 sq ft 4 bed, 3 bath• Popular Riverwood
Neighborhood
NEW LISTINGNEW LISTING
$794,900$794,900
• 2 bed + den approx. 1000 sq.ft.
• Beautiful Views
703 12079 Harris Rd.$349,900
• 2 bed + den approx. 1,000 sq.ft.
• Huge over 500 sq.ft. patio
203 12069 Harris Rd.$349,900
NEW LISTING!NEW LISTING!
1003 12069 Harris Road
1006 12079 Harris Road
• Over 2200 sq.ft. • 2 balconies• Views of Golden Ears • 2bed + den/media room• V1110580
• Over 2000 sq.ft.• Views of Airport & Mt Baker• 2bdrm + media• V1110591
2 LUXURIOUS CONDOSFrom $1,248,000 Spacious Plans - Top Floor
Concrete and Steel construction
AMAZING VIEWAMAZING VIEW
AMAZING VIEWAMAZING VIEW
11566 224th St.Immediate occupancy
- $229,900 2 bed 2 bath 900 sq ft V1106020
#101
- $229,900 AMAZING WATER VIEW 1 bed & den
#207
- $259,900 2bed 2 bath 900+ sq ft V1132701
#303
V1134844V1134844
JUST SOLDJUST SOLD
GATED COMMUNITY SPECIALISTS
Joyce Van [email protected]
Dale J QuinnellPersonal Real Estate Corporation
orporation
701-2398unities.com
www.chilliwackgatedcommunities.comHomeLife Glenayre Realty Chilliwack Ltd. 8387 Young Road, Chilliwack Toll Free 1.800.795.2955
CHILLIWACK
344ackgatedcommunities.com
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIWWWWWWWWWWWWWWWWWWWWWWWWWWIIIIIIIIIIIIIIIIIIIIIIIIIIWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW
GREENDALE!This 1350 sq ft rancher is located on a quiet street in Greendale. Newer roof, new paint, new front & back exterior doors, new deck, recently renovated bathroom, walk-in pantry. Wired for 5.1 theatre surround sound in the spacious family room. Single car garage & 8x12 storage shed, 70x100 lot backs onto farm land. City water. Great as a starter home or quiet retirement. MLS# H2152888
6365 UNDERHILL DRIVE $349,900
DREAM HOME AT THE FALLS!Custom built home overlooking the 13th tee in one of the nicest locations in the Fall’s Golf Course. This 6 bedroom, 5 bathroom home has been designed for the most discerning taste to accommodate family and friends. Features include Granite counter-tops, extensive use of crown moldings, high end appliances and top quality fl ooring. Room for extended family in the 2 bedroom, 2 bathroom (plus a den) suite offering a gas fi replace, separate laundry & a designer tub in the ensuite. MLS# H2151282
#181-51075 FALLS COURT$1,099,000
NEWLISTING
SOMMERSET RIDGE!Spacious 1 bedroom, 1 bathroom condo in Sommerset Village. Wide plank fl oors, soaker tub, new paint (building has a new roof in 2013) and 5 newer appliances including high end front loader washer & dryer. Spacious private deck, secure underground parking, within walking distance to public transit and shopping. MLS# F1446036
#343-33173 OLD YALE RD.$124,000
NEWLISTING
SECURE GATED COMMUNITY!Spacious 1452 sq ft 2 bedroom plus den rancher located in the Adult (45+) Gated Community of Halcyon Meadows. This home features maple kitchen cabinets with an Island breakfast bar, 5 appliances, built in central vac, ceiling light fans, crown moldings and a large separate laundry room with a sink & cabinets. Master bedroom features a walk-in closet plus full ensuite with a walk-in shower. Fully fenced back yard on a extra wide lot. Complex has an active clubhouse with guest suite, exercise room and activity room plus RV parking. MLS# H2152829
#219-46000 THOMAS RD$269,900
NEWLISTING
HAZELWOOD GROVERetirement living at its fi nest! This 1057 sq ft, 2 bedroom, 2 bathroom condominium is centrally located in a 55+ gated community. Spacious & classy design with in-fl oor heating, modern kitchen, enjoy morning coffee on your West facing balcony with mountain views. Master bedroom has a large walk-in closet with an ensuite bathroom with a shower. The second bathroom has a fi berglass shower/tub unit installed. Plenty of storage, in-suite laundry & secure underground parking. Hazelwood Grove has a clubhouse with guest accommodations and a library, plus an indoor swimming pool with hot tub and sauna. Small pets are welcome at Hazelwood Grove. Quick possession possible.
2202-8485 YOUNG ROAD$189,900
NEWLISTING
THE STRATFORD!Spacious bright 2 bedroom, 2 bath rancher in 55+ Gated Complex. Great location, small complex with a well run strata. You will love the way the complex shows pride of ownership. 2 entrances to the complex, double car garage, private yard & more makes this a perfect place to retire and easy to maintain. MLS# H2152695
#3-9420 WOODBINE ST.$239,900
Jim Isherwood604-250-7755
Nicole Isherwood604-467-5000
11933-224 Street, Maple Ridge • 604-467-5000
$237,900, No GST
CASCADA#101 - 11566224th Street
Maple Ridge
• Perched above the mighty Fraser River• Spectacular waterfront and mountain views• 2 bedrooms - large patio/yard area• Quartz countertops and stainless steel appliances• Walk to West Coast Express
$599,800• Very private 3 bed rancher on 2 acres• Bright kitchen, sep. dining & living room has double sided fi replace• Approx. 1 acre is fenced & landscaped w/2 road frontages on Garibaldi• 2 garden sheds & small barn w/fenced poultry area• Covered deck overlooks Kanaka Creek• 5' crawl space. Dbl garage
#1003 12069Harris Road
Pitt Meadows
$1,368,000• Luxury living & ultimate condo package• Over 2200 sq.ft. of living space in concrete & steel constructed
building• Features extra ceiling height, fl oor to ceiling windows & spectacular views!• Kitchen has only the best of the best• Massive room sizes, full laundry room, 2 master bedrooms & balconies• Must be seen to be appreciated!
$604,900• Larch Avenue Heights in Rock Ridge• This 2 storey plus basement home has 4 bedrooms,
Fraser Valley views, maple kitchens with large island, quartz countertops in bathrooms also, tile and engineered hardwood fl ooring.
• Come choose your own colour scheme. 10 Year Warranty and unfi nished full walkout daylight basement.
13309235A Street
Maple Ridge
$1,248,000• First time on the market!• Amazing Penthouse features million dollar views• Ultimate entertainer's dream• Lge kitchen equipped w/only the best of the best• Spacious bedrooms w/luxury ensuites, marble counters,
soaker tubs & stand up showers• Option for a media room• Spectacular & luxurious condo
#1006-12079Harris Road
Pitt Meadows
12580Garibaldi St.
Maple Ridge
1211Seventh Ave
New Westminster
$835,000• Lovely heritage style home built 1910• Fenced yard & covered front porch• Original beautiful fi r wood fl ooring• Beautifully renovated with all the modern conveniences• Chef's kitchen has custom dark cherry soft-close cabinets,
S/S appliances• Basement rec room has built-in speakers & sound-proof
walls. Must see!
OPEN HOUSE SAT & SUN 2-4
REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015 3•
604.318.5254WWW.CHADAUGUST.COM
$1,250,000
ROOM FOR THE WHOLE FAMILY
V1125658NEW LISTING
$794,900
NEW LISTING!
AMAZING VIEW
AMAZING VIEW
V1134844
JUST SOLD
NEW LISTING
$314,900
NEW LISTING
$297,900
NEW LISTING
$233,500
REDUCED
$158,900
REDUCED
$165,000
BIG REDUCTION
$139,900
REDUCED
$269,900
Wolstencroft RealtyIndependently Owned and Operated broker
LEORONSE.COM • 604.790.0231
CAN'T PLAY GOLF!
LANGLEY • $239,900
#19-5664 208TH STREET
Upper corner unit with quiet courtyard location in the Meadows. 2 Bedrooms - 2 Baths - Spacious Open Floor Plan with white kitchen and large Living Room featuring an angled gas fireplace. Ideal 1 level living that welcomes Children & pets. Central location with shopping, transit, schools and recreation close by. This is a well maintained1250 square foot unit.
LANGLEY • $316,500
209 DAVIS CRESCENTOne of the largest homes in Spring Field Village. Suitable for First Time Home Buyer or Investors. This corner lot is in a family oriented neighbourhood & is located in a cul-de-sac - just steps away from schools, shopping and transit. Beautifully updated kitchen, crown mouldings and laminate flooring. This 4 Bdrm / 3 Bath Basement entry home includes a Large Living room, Bdrm & Games Room with Wet Bar all on the basement level.
BROOKSWOOD • $674,900
19985 36TH AVENUEBig Basement Entry Home in Brookswood. This Jennish designed home was built in 1992 and offers Living Room PLUS Family Room and 3 Bdrms on the main. Downstairs features Large Den, fully finished Games Room and 2 additional Bedrooms. Insulated floors so Basement could easily be converted to a 2 Bedroom legal suite. Yard offers RV parking and rear yard access for shop. This home shows Great!
CEDAR RIDGE • $749,900
4488 208A STREETCompletely updated and modernized 3100 + sq.ft. two story in desirable Cedar Ridge. Spacious home in quiet cul-de-sac features new $65,000 kitchen w/granite, prof. SS appliances & maple cabinetry. New flooring and crown moldings throughout, upstairs has 5 bdrms including large master w/his and hers walk in closets & new deluxe $20,000 ensuite. Bonus self contained 1 bdrm, loft side suite. Outside has new deck, landscaping, lighting, new roof, gutters, & paint. A terrific family home with over $175,000 spent in updates. Shows very well. BONUS 1 bdrm Legal suite over Garage.
CEDAR RIDGE • $999,000
21135 45A CRESOver $300,000 in updates on this spectacular Cedar Ridge 2 storey with basement home. Very high quality materials & craftsmanship from top to bottom. 5bdrm, 4bath and 3,522sqft. Top of the line kitchen w/ quartz counters, high end proff. appliances; Liebherr fridge, 36" dual fuel range & miele d/w. Brushed oak hardwood throughout main, all tile floors heated. Master suite has spa like ensuite & custom built in walkin closet. Quartz counters throughout, wine room, custom window treatments, high end lighting, etc. Re-plumbed (no polyb), tankless h/w, new high eff. furnace/heat pump, irrigation, spray foamed basement, 16x25 composite deck, & oversized front and back doors. Private backyard.
MURRAYVILLE • $1,049,900
4661 217B STREETBrand new 2 storey + unfinished bsmnt in Murrayville. 3,991 sq.ft. home on an 7027 sq.ft. cul-de-sac lot w/West facing backyard is being built by Wallmark Homes. This well designed great room plan exudes quality from inside/out. Huge entertaining sized kitch w/shaker cabinetry, quartz countertops & lrg eating area. Great Room offers extensive use of mouldings & hardwood throughout the main. Upstairs features 3 oversized bdrms + a loft/mezz area that could easily be converted to a 4th bdrm. Master has a lrg walk in closet & deluxe ensuite. Bsmnt is unfinished &could accommodate a legal suite or your dream entertainment area w/media room & wet bar. A rare opportunity for a new executive home in established Upper Murrayville.
LANGLEY • $1,599,000
LT #2 707 200 STREETBrand new 2 storey home in Campbell Valley built by Monarch Developments. 3,536 sqft with Master Bedroom on the main floor. Beautifully finished from top to bottom with high end materials and finishing quality. Open plan design with 2 storey vaulted ceiling in foyer and great room, 3bdrms up + Games room. Large covered deck with outdoor fireplace for entertaining. Bonus detached 23x27'6 shop has unfinished office space above plus oversized double car garage on house. RV parking. Private West facing backyard. Enjoy Campbell Valley trails nearby and steps to horse boarding at High Point Equestrian facility. Home is just beginning construction, expected completion end of November. Still time to have input on colours & finishing.
BROOKSWOOD • $1,649,000
2911 204TH STREETHighly sought after Brookswood/Fernridge acreage. This Beautifully updated 2,833 square foot rancher offers large Sprawling living space with an Open Kitchen to Family Room, 3 generous sized Bedrooms, 3 Baths and shows incredibly well throughout. The grounds offer the best of everything: Space for Entertaining, Privacy AND a 5 Bay Detached Garage/Workshop. Toys and Cars, bring them both to this Stunning Gated Gem. Part of the Griffith Plan for future development potential.
LANGLEY • $2,238,800
20163 2ND AVENUEHigh Point 3/4 acre lot with Mountain Views. This 6,500 sqft 2 storey w/ fully fin bsmt has a LEGAL inlaw suite or nanny quarters above garage. Beautiful custom finishing from top to bottom. Master bdrm on main has deluxe ensuite w/ 2 person walk in shower. Great room plan w/ vaulted ceilings & spacious entert. sized kitchen that opens onto covered patio for entert. Bsmt has gym, recrm, movie theatre, wine nook, office, & guest BR. Partial walkout to stone grotto hottub area. Large B/Y is fully hedged with deluxe kids playhouse, sweeping lawns & backing onto horse trails and green belt. garage plus RV parking. Built by Mill Creek Homes.
•4 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015
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REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015 5•
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•6 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015
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THE DEVELOPER RESERVES THE RIGHT TO CHANGE OR MODIFY THE OFFER WITHOUT NOTICE. E.&O.E.
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•8 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY JULY 31, 2015MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
F R I D A Y , J U L Y 3 1 , 2 0 1 5
I n P r i n t > O n l i n e > I t ’ s A l l H e r e
One of the most respected builders in the province, Marcon, is celebrating its 30th anniversary this year. It is fi tting then that Marcon unveil its newest project located in South Cambie - two low-rise red brick build-ings dubbed Park & Metro.
This collection of 73 one, two and three bedroom residences, ranging from 517 to 1,313 square feet, is located on a quiet residential street yet close to all of the urban amenities home buyers are looking for.
Ask any realtor to list the most important things a home should have and you are likely to hear: location, location, location. At Park & Metro, not only is it nestled in one of the city’s most coveted neighbourhoods and school catchments, it’s surrounded by parks, trails and athletic fi elds, and these homes are stunning.
Park & Metro’s interior fi nishes off er uncompromising attention to detail. The
one, two and three bedroom West Coast homes are distinguished by open interiors appointed with high quality, bright, spa-cious kitchens with Bosch stainless steel appliances, full-height pantry, Quartz coun-tertops, built-in microwave and generous size master bedrooms with room for a king size bed, and the comfort of air conditioning for every home.
“For those who love the outdoors, Park & Metro is close to Queen Elizabeth Park, Langara Golf Course and the North Arm Trail Greenway,” says Celia Chiu, Park & Metro Sales Manager. “With prices starting from $348,800, we are appealing to a large cross section of buyers.”
It’s the level of quality, features and fi n-ishes that is Marcon’s signature.
Since 1985, locally owned Marcon has stayed true to its mandate of consistently exceeding expectations, both before and
after homeowners receive the keys. Marcon’s trademark attention to detail
is unmistakable in Park & Metro; one need only take in the oversized patios, decks and terraces, parking and full size storage/bicycle lockers, and rain screen technology to know that this is a unique off ering.
Marcon has built a stellar reputation con-structing more than 8,900 quality homes across the province, but more importantly Marcon stands behind what they deliver with their Customer Care program.
“I don’t think anyone in the Lower Mainland can touch Marcon’s customer ser-vice department,” says Chiu. “Its compre-hensive service continues throughout the process and beyond.”
Since the Canada Line went in, this former sleepy enclave burst onto the scene as a cul-tural melting pot waiting to be discovered. It boasts a variety of upscale, bohemian and
chic boutiques, bakeries, bars and restau-rants. Then there’s Marine Gateway - soon to be home to a number of shops, cafes and restaurants, professional services, as well as a Steve Nash fi tness facility and an 11-screen Cineplex Theatre.
Don’t miss this opportunity to buy in South Cambie. Act fast as more than 70 per cent of the South building is sold and the North building has just been released. The Sale Centre and display home, located at 688 South West Marine Drive, Vancouver, is open daily (except Fridays) from noon to 5 p.m. For more information call 604-325-8111, email [email protected] or visit www.marcon.ca/parkandmetro. Estimated occupancy is Summer 2017.
Marcon celebrates 30 years withPARK & METRO
