vancouver eastside jun 19, 2015 real estate weekly

12
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, financing and comparative properties in your area. Find your EXPERT Real Estate professional right here in REW.ca! VANCOUVER EASTSIDE FRIDAY, JUNE 19, 2015 info@rew.ca • 604-435-7977 REAL ESTATE WEEKLY GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE Foreign Buyers Have “Insignicant Impact” on Vancouver Market: BCREA Ask the Expert: Concerns over Condo Building s Rundown Common Areas Mortgage and Title Fraud and How to Protect Against Them: Two-Part Series M etro Vancouver is grow- ing... we’re expecting an additional million people to move here over the next 25 years. To prepare, the region’s municipalities are adding den- sity. Neighbourhoods that have traditionally been zoned for sin- gle-family detached homes are being transformed into commu- nities with condominiums and townhouses. It’s a trend that has visions of dollar signs dancing in some homeowners’ eyes. Many neighbours are banding together to sell their properties as land assembled lots. While this is happening throughout the region, it is especially apparent along several major arteries in Vancouver including Cambie, Oak, Granville and 41st where the for-sale signs are lining up, row upon row. The assumption is that when owners sell together, they will receive a higher price for the assembled land than they would individually. But how realistic is it to think that the value of your home could double or even triple because of potential redevelop- ment? SEEKING UNSUSPECTING BUYERS “The City has an overall plan that will allow some single-family lots to be redeveloped as apart- ments,” says local architect and planner Michael Geller. “In some cases, developers tried to quietly assemble these sites themselves. Residents thought they might get better deals if they worked together. “Now we have a situation where lots are being assembled, but the city plan isn’t to rezone all of them. It’s startling to me to see rows of Realtor signs in loca- tions I know the City has no plans to rezone now or in the immedi- ate future. Realtors are hoping to find unsuspecting buyers who think it is logical for these places to be redeveloped.” FURTHER EAST While Vancouver’s West Side is the area where most land assembly real estate speculation is taking place, there are pock- ets in East Vancouver too. The Norquay Village community is an 18-unit townhouse complex that will replace torn-down detached homes. Further down Slocan Street, another four properties have been assembled. Jackson Ng is the agent who helped put together the latter deal. “The first four lots are zoned for an apartment building,” he said. “The buyers purchased the first house four or five years ago and held onto it as an invest- ment property. I listed the three homes next to it as part of a land assembly. The owners received offers substantially over their assessed value because they worked together.” TRICKY NEGOTIATIONS Ng cautions that land assem- blies do not come together over- night. The number of stakehold- ers makes negotiations signifi- cantly more difficult than a single transaction. Each owner needs to find a new home to go to, which Ng describes as the hardest part of the transaction. “It definitely requires team- work,” he advised. “You need an agent who is working for you – not the buyers. Some Realtors are over-promising and under-deliv- ering in order to get your busi- ness. My advice is to work with someone who’s realistic about what you’ll be able to achieve.” NOT JUST THE SUBURBS Densification is also happening at a fast pace in the city’s down- town core. In the Hornby Slopes neighbourhood, Grosvenor Americas is taking a rezoning proposal to the city for parcels of land at Hornby and Pacific. The site includes the former Il Giardino restaurant and heri- tage Leslie House, which will be restored as a community amenity building. Michael Ward, senior vice-president and general man- ager, anticipates the redevelop- ment will eventually see a resi- dential tower between 30 to 40 storeys plus a handful of town- houses. “There’s a renewed sense of interest in Hornby Slopes,” said Ward. “[But] there are a lot of unknowns around construction and marketing costs and there’s also uncertainty about density when you have to rezone a prop- erty. The profits are commensu- rate with the risks but probably far less than people think.” Regarding land assemblies, Ward notes they have been hap- pening “forever” and warns that homeowners are taking the chance that the City will “upzone” the properties. “Speculation is not a great way to run a development business,” he said. “Those can be dangerous games to play.” Densification in Vancouver: Some (Land) Assembly Required

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Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 450,000 homes across the Lower Mainland. A total of 11 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than three decades.

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Page 1: VANCOUVER EASTSIDE Jun 19, 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, JUNE 19, [email protected] • 604-435-7977

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

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Foreign Buyers Have “Insigni� cant Impact” on

Vancouver Market: BCREA

Ask the Expert: Concerns over Condo Building s

Rundown Common Areas

Mortgage and Title Fraud and How to Protect Against Them:

Two-Part Series

Metro Vancouver is grow-ing... we’re expecting an additional million people

to move here over the next 25 years. To prepare, the region’s municipalities are adding den-sity. Neighbourhoods that have traditionally been zoned for sin-gle-family detached homes are being transformed into commu-nities with condominiums and townhouses. It’s a trend that has visions of dollar signs dancing in some homeowners’ eyes.

Many neighbours are banding together to sell their properties as land assembled lots. While this is happening throughout the region, it is especially apparent along several major arteries in Vancouver including Cambie, Oak, Granville and 41st where the for-sale signs are lining up, row upon row. The assumption is that when owners sell together, they will receive a higher price for the assembled land than they would individually. But how realistic is it to think that the value of your home could double or even triple because of potential redevelop-ment?

SEEKING UNSUSPECTING

BUYERS“The City has an overall plan

that will allow some single-family lots to be redeveloped as apart-ments,” says local architect and planner Michael Geller. “In some cases, developers tried to quietly assemble these sites themselves. Residents thought they might get better deals if they worked together.

“Now we have a situation where lots are being assembled, but the city plan isn’t to rezone all of them. It’s startling to me to see rows of Realtor signs in loca-tions I know the City has no plans to rezone now or in the immedi-ate future. Realtors are hoping to fi nd unsuspecting buyers who think it is logical for these places to be redeveloped.”

FURTHER EASTWhile Vancouver’s West Side

is the area where most land assembly real estate speculation is taking place, there are pock-ets in East Vancouver too. The Norquay Village community is an 18-unit townhouse complex that will replace torn-down detached homes. Further down Slocan Street, another four properties have been assembled. Jackson Ng is the agent who helped put together the latter deal.

“The fi rst four lots are zoned for an apartment building,” he said. “The buyers purchased the fi rst house four or fi ve years ago and held onto it as an invest-ment property. I listed the three homes next to it as part of a land assembly. The owners received off ers substantially over their assessed value because they worked together.”

TRICKY NEGOTIATIONSNg cautions that land assem-

blies do not come together over-night. The number of stakehold-ers makes negotiations signifi -cantly more diffi cult than a single transaction. Each owner needs to

fi nd a new home to go to, which Ng describes as the hardest part of the transaction.

“It defi nitely requires team-work,” he advised. “You need an agent who is working for you – not the buyers. Some Realtors are over-promising and under-deliv-ering in order to get your busi-ness. My advice is to work with someone who’s realistic about what you’ll be able to achieve.”

NOT JUST THE SUBURBS

Densifi cation is also happening

at a fast pace in the city’s down-town core. In the Hornby Slopes neighbourhood, Grosvenor Americas is taking a rezoning proposal to the city for parcels of land at Hornby and Pacifi c. The site includes the former Il Giardino restaurant and heri-tage Leslie House, which will be

restored as a community amenity building. Michael Ward, senior vice-president and general man-ager, anticipates the redevelop-ment will eventually see a resi-dential tower between 30 to 40 storeys plus a handful of town-houses.

“There’s a renewed sense of interest in Hornby Slopes,” said Ward. “[But] there are a lot of unknowns around construction and marketing costs and there’s also uncertainty about density when you have to rezone a prop-erty. The profi ts are commensu-rate with the risks but probably far less than people think.”

Regarding land assemblies, Ward notes they have been hap-pening “forever” and warns that homeowners are taking the chance that the City will “upzone” the properties.

“Speculation is not a great way to run a development business,” he said. “Those can be dangerous games to play.”

Densification in Vancouver: Some (Land)Assembly Required

Page 2: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

•2 REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015

LAN 3447 WILLIAMS ST. $1,399,000

CALL US FOR A FREE HOME EVALUATION www.vancouver-homes-on-sale.com

JIN BAGRYJIN BAGRY604-644-0495604-644-0495

SAM BAGRYSAM BAGRY604-761-1664604-761-1664

ABOVE THE CROWD!ABOVE THE CROWD!20 Years experience combined

Top 1% of all Greater Vancouver Area Realtors, Over 110 Homes SOLD in 2014

#412 997 WEST 22ND AVE.• Prime location• 2 bdrm, 2 bath 885 sq.ft. condo• Open functional layout• 1 parking, 1 storage locker

NEW LISTING $588,000

SHAUGHNESSY5987 WALES ST.

• Coming soon• Custom built contemporary• 3 level home, 2600 sq.ft.• Great location

NEW LISTING $1,699,000

LOT 33X1226977 KILLARNEY ST.

• 7 bdrm house over 4,000 sf. 6 baths• 700 sq.ft., 1 bdrm laneway house• Theater room, top line appls., jetted tub• Wok kitchen. 2-5-10 NHW

NEW LISTING $2,395,000

LOT 41'7X141.888

3727 WEST 10TH AVE.• Prime retail location at the Folkstone• High traffic street• 772 sq.ft. + 1 parking stall• $30 per sq.ft. with a 4% cap rate!

NEW LISTING $575,000

POINT GREY

TWO NEW DUPLEXES

COMING SOON679 E. 59TH AVE

3 level - 1400 sqft5 bedrooms

Asking $989,000

4782 REID ST.• Solid 2 level, 8 bdrm home• Prime location• Newer laminate fl oors and kitchen• Don't miss out!

NEW LISTING $999,000

LOT 33x1054789 REID ST.

• Ready to build• 3 level with laneway house• Great lot• Seller can propose plan & survey to buyer

LANDONLY

NEW LISTING $980,000

LOT 33x105.5

6645 INVERNESS ST.• Built 2014, 2 Storey, 2353 sq.ft.• 7 bdrms, 4 baths, covered deck• Full bsmt, gas F/P, double garage

NEW LISTING $1,399,000

LOT 32X1236414 FRASER ST.

• Currently operating as a bakery• Small restaurant equipment for sale• Roll-up door for deliverys• Great street exposure

NEW LISTING

FRASER ST.

1366 EAST 49TH AVE.1366 EAST 49TH AVE. • Beautiful 2 level home, great location• 6 bdrms, 4 baths, 2,160 sqft• Granite countertops, laminate floors• Steps to transit, shops and schools.

NEW LISTING $1,249,000

LOT 33X109

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

NEW LISTING $1,999,000

LOT 50X116.51407 EAST 62ND AVE.

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

NEW LISTING $1,748,000

LOT 5,421 SF

2 NEW HOMESCOMING SOON1325 EAST 41ST

2 level withlaneway home

Asking $1,288,000 each 704 EAST 55TH AVE.

JUST SOLDJUST SOLD

over askingover asking

876 EAST 55TH AVE.

SOLDSOLDover askingover asking

3447 WILLIAMS ST. $1,399,000

JUST JUST SOLDSOLD

822 E 54TH AVE.

JUST JUST SOLDSOLD

8431 DUFF ST. $999,000

JUST SOLDJUST SOLD

over askingover asking

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

NEW LISTING $1,299,000

2480 SE MARINE DR.• 4 bedrooms, 4 bathrooms• Potential suite on main• 1825 sqft living space• Central location

NEW LISTING $899,000

JUST JUST SOLDSOLDJUST JUST

SOLDSOLD

OPEN HOUSE SAT & SUN, SEP 27 & 28 FROM 12PM-5PM

2012

• Each home has 6 Bedrooms / 4.5 bathrooms total.• 36 x 122 lot.• Over 2600 sq.ft. covered area.

Superior location & fl awless qualitysays it ALL

“Border of BBy/Van”

4 Beds/3 Bathsupstairs

2 Bedroom Legal Suite

Beautifullylandscaped

Main fl oor has formal liv-din, kit,

family, spice kitchen

Two brand new immpeccable“craftsman homes” Covered patio with

skylights & speakers

Outdoor kitchen

Outside fi re pitand entertaining

backyardDouble

detached garage

GRAND OPENING Thursday, June 25 from 6-8 pm

OPEN HOUSESat & Sun June 27 & 28 from 1-5 pm

3983 & 3989 Pine St.,Burnaby

Page 3: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015 3•

604.263.2823bobbracken.com

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

R e a l E s t a t e I n v e s t m e n t T h i n k B o b B r a c k e n

HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES

410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9

CAMBIE CHARACTER TRIPLEX

46 WEST 21ST AVE - V112747746 WEST 21ST AVE - V1127477• Big Cambie Char House, 4 Lvl 2840 SF, 3 Suites• Top Flr: 2 Lvl 1X3 Bdrm & 2 Bath Suite. 2 Parking• Main & Grd Flrs: 2X1 Bdrm Suites. 33’X122’ Lot• Investors, Owner-Occupiers Asking $1,679,000

CITY HALL BIG REVENUE PROPERTY

215 WEST 12TH AVE - V1127972215 WEST 12TH AVE - V1127972• City Hall Character Revenue, 4249 SF Building• 4 Levels, Gr Inc $87,960/yr, 45’x125’ RT-6 Lot• Investors, Owner-Occupiers, Developers• Cap Rate 3.62%! Asking $1,899,000

NEWLISTING!

BIGINCOME!

3UNITS!

CAPRATE

3.62%!

MOUNT PLEASANT HOUSE W 3 SUITES

436 EAST 12TH AVE - V1124611436 EAST 12TH AVE - V1124611• Mt Pleasant, 2509 SF, 4 Level Character House• 3 Suites, 1X2 Bdrm, 1X2 Bdrm & Den, 1X3 Bdrm• Good Cond., Many Updates, Newer roof & more• Gr Income $4,000/mo Asking $1,049,000

MANYUPDATES!

3UNITS!

DUNBAR 3 UNITS OR DEV PROJECT

3716 WEST 16TH AVE - V11269163716 WEST 16TH AVE - V1126916• Dunbar 3 Unit Mini Apartment Building, 2537 SF• 33’X110’ RT-2 Lot, Good Tenants, mins to UBC• Fronting both West 16th Ave & West 17th Ave• Prime Development Potential Asking $1,459,000

GREATVALUE!

3UNITS!

CITY HALL DUPLEX & COACH HOUSE

2979 ONTARIO ST - V11130572979 ONTARIO ST - V1113057• City Hall Duplex Plus Bonus Coach House • 3 Strata Homes, Classic Craftsman Architecture • Corner 4943 SF RT-6 Lot. Gr Income $107,000/yr • Investor, Owner-Occupiers Asking $3,496,950

DUPLEXPLUS

COACH!SOLD!

MOUNT PLEASANT CASH MACHINE

547 EAST 12TH AVE - V1124953547 EAST 12TH AVE - V1124953• Mount Pleasant Cash Machine, 4 Units, 2951 SF• 1X1 Bdrm & 3X2 Bdrm, Updated, Great Condition• Gr Inc $6,090/mo or $73,080/yr. Cap Rate 4.59%• Investors, Owner-Occupiers Asking $1,299,000

CASHCOW!

4UNITS!

LISTINGS WANTED - HAVE CASH BUYERS!!!LISTINGS WANTED - HAVE CASH BUYERS!!!

Fraseridge RealtyFF

Pradip AnandPradip [email protected]@yahoo.ca

604.808.6595604.808.6595Associate BrokerAssociate Broker

Master MedallionMaster MedallionClub MemberClub Member

258 E. 45258 E. 45THTH AVE.AVE.

GREAT POTENTIAL TOSUBDIVIDE INTO TWO LOTS

(confirm with City of Vancouver)- Huge 4,200 sq.ft. 34 year old Van Special in one of the

most desirable (Main area) location- 4 bdrms on main plus!! 3 unauthorized suites down- Excellent investment and/or development property- A RARE FIND!!! Rental income $2,900/month, (Bsmt only)

58' x 122' 4,200 SQ.FT.58' x 122' 4,200 SQ.FT.

$2,288,000

7936 MAIN7936 MAINSXS DUPLEX

- 3 bdrm up & 2 bdrm suite down- Quality builder- Brand New / Under Construction

7938 MAIN7938 MAINSXS DUPLEX

- 3 bdrm up & 2 bdrm suite down- Brand New / Under Construction

192 & 194 E. 51192 & 194 E. 51ST AVE AVESXS DUPLEX

- 3 bdrm up & 2 baths- Living area down- Under Construction

1963 HARRISON DRIVE

- Fraserview Gem!- Fabulous construction and

craftsmanship- 3 level with lane house- 8 bedroom, 6 bathrooms- 2+1 unauth. suites- Extra kitchen

$2,538,000

1468 W. 58TH AVENUE

- South Granville charmer- Renovated 3 level home with added

features (3,660 sq.ft.)- Huge 50x132' lot- Tenanted for $4,000/month- Great investment property or build your

dream house!!

50' x 132'50' x 132'

$2,588,000

475 SE MARINE DRIVE

- Totally renovated in 2000 with permit and very well kept

- 3 bdrm on main- 2x1 BR suite (unauthorized) downstairs- 1 bdrm bachelor suite above main- Huge lot 47.5x107- Must See Inside!!

$1,188,000

JUSTJUST

LISTEDLISTED JUSTJUST

LISTEDLISTED

VANCOUVER SOUTH!!VANCOUVER SOUTH!!- Very well kept- 3 bdrm house with

18x13 family room

- 33x108.8 lot - Only $938,000

7601 116A ST7601 116A ST- 4 bdrm & 2.5 baths- Nearly 8600 sqft lot with subdivision potential- 3 y/o high eff furnace including new duct work

JUST SOLDJUST SOLD

JUST SOLDJUST SOLD

Page 4: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

•4 REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015

Vaune Kolber604-506-7534

[email protected]

DEXTER

ASSOCIATESREALTY

850 Peterson Rd. $1,049,000

LIVE BETTER ON BOWEN TODAY!A short commute from Vancouver, Bowen Island is the oasis youʼve been longing for while still having access to the best of city life. Indulge in the natural beauty of your private 2.25 acres. Revel in the panoramic SE views from this 3,040 sq.ft., 4 bedroom hillside home. Huge artist studio/family room/in-law suite. Live your dream now!

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

2680 TRINITY ST. $1,250,000

ʻSTREET OF LIGHTS’ - TRINITY ST.This spacious & bright, 2638 sq.ft. Vancouver Special situated on a 32.99 x 121.94 lot features 5 bedrooms, 3 bathrooms and offers lots of possi-bilities. Located in a great family neigh-bourhood, close to transit, schools, shops, parks and just a short drive to Downtown. Come and see for yourself.Linda Hale 604-889-9983

$349,800

ALL THE BELLS & WHISTLESDream suite reno’d to the highest stan-dards. 2 beds, 1 bath, 1 secured park-ing & locker. Walking distance to transit & shopping just off “The Drive.” Rented at $1,750.00/mo. - tenants would like to stay. Pets welcome, rentals allowed. One of a kind - Don’t miss this one! 107-1611 E.3RD AVE.EVELYN SINGER

OPEN SAT 1-3PM & SUN 2-4PMWELCOME TO WALDEN

Nothing to do but ENJOY this spacious family home (5 bdrm/2 bath) in the vi-brant Main St. corridor. Let the kids out to play in a real back yard while you soak up the sun on the multi-leveled W. facing deck - a true sanctuary. See you on the weekend!Marilou Appleby

4919 WALDEN ST.

“Your East Vancouver Real Estate Experts!”Personal Real Estate Corporation

L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t yMedallion Club - Top 10% of Realtors in Greater Vancouver

Photos & Visual Tours at: www.lisamacintosh.comEmail: [email protected] Tel: 604-263-1144

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.

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

.5 Duplex with south facing backyard. This 3 bed, 2.5 bath, well laid out home has updated radiant heat, laminate fl ooring and new kitchen appliances in a well maintained building that is easy to maintain. A peaceful neighbourhood conveniently located near shops and res-taurants, Queen Alexandra & Charles Dickens elementaries, and the Commercial Skytrain station. Enjoy your own quiet private back yard and one car garage. Perfect for a growing family.

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

separate dining area, lge living room & bdrm big enough for a king sized bed! Many features including laminate fl oors, large covered deck & in-suite storage that could be used as a small of-fi ce. Great bldg, very well man-aged with many updates (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 Commercial Drive & all it has to offer. 215-1549 KITCHENER ST.

NORTH VANCOUVER FAMILY HOME$1,099,000 Fabulous family home with 5

bdrms/4 bthrms. Located on quiet cul-de-sac in desirable Indian River,this lovely private setting backs onto Mt. Seymour Park. Vaulted ceilings, sky-lights, open fl ow throughout the house. The main fl oor features a sunken living room with gas f/p, separate dining area & the perfect family hub at the back of the house with kitchen, eating area & family room. The kitch-en opens onto the large sun drenched deck & fully fenced yard. 1719 CASCADE CT.

SUPER CUTE HASTINGS SUNRISE BUNGALOW$999,900 Charming home with inlaid oak

fl oors, gas f/p, large principal rooms & wonderful fl ow from the house to the outdoors. This prop-erty is a true gardenerʼs delight. Packed full with perennial garden beds & featuring a fully organic veggie garden. Updated mechan-ically-including high effi ciency fur-nace, double glazed windows & newer roof. Fabulous garden level suite with the perfect tenants that would love to stay. Close to the res-taurants & shopping that Hastings Sunrise offers. 2662 ADANAC ST.

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

heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge master bdrm & a very bright 2 bdrm suite Original fi r fl oors, wood burning f/p & tons of windows, of-fering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.

Page 5: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015 5•

www.normflockhart.com

NORM FLOCKHART(604) 261-7275

12 Year Member of MLS Medallion Club

PREC

OPEN SAT 12-2

ORIGINAL OWNERʼS PRIDE & JOYGround level entry leads to a grand staircase w/chandelier & skylight. 3 BRs on Main w/2 full Baths, LR, DR, KIT, Nook, Family Rm & view deck. 1 BR suite Down w/separate entry & extra Rec Rm. Over 2600 sq. ft.! Triple garage. 44ʼ x 98ʼ lot. 4960 Ross Street

PREMIERREALTY www.coldwellbanker.ca

www.premierrealtybc.comE-Mail: [email protected]

Marline Kolterhoff, Managing Broker 6272 East Boulevard, Vancouver, BC V6M 3V7Residential and Commercial Real Estate and Property Management

604-266-1364

Sheila Stern 604-788-0882 www.sternhomes.ca

Lora Renzullo604-802-7122

2750 EAST 1ST AVENUE

$1,388,000OPEN SAT/SUN 2-5PM

JUST LISTED

50x125 (6267 sq.ft.) Lot Size. Rare-Xlnt for 1st time buyer or can build new w/ addl laneway! 4 bed-rooms, 2 baths. Well kept fam character home in coveted East Van. Enormous yard, stunning mountain views, spacious kitchen, bsmt studio. Det offi ce w/ separate workshop. Steps to T & T Market, transit, schools, parks, 5 mins to downtown. Wonʼt last, hurry!

Top New Home Construction AwardTop New Home Construction Award

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

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

MASTERDiamond Master

Medallion

ROYAL PACIFICR E A L T Y

Free Market Evaluation. Sell your house fast. Buyer with Cash Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.looking for building lot. Custom build your dream house.

Over 35 years of experience in selling and custom building houses in B.C. Over 35 years of experience in selling and custom building houses in B.C. 15 years Diamond Master Medallion Club Member, 15 years Diamond Master Medallion Club Member,

Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.

- 3-storey spacious duplex under construction in Collingwood neighbourhood- The unit features 3 bedrooms and 2 bathrooms at above floor- Den, kitchen, living room, powder room at main floor- Granite counter tops, engineered hardwood floor, HRV system, radiant heat- In addition, 2 bdrm suite in bsmt for extra income.

Vancouver East, CollingwoodDuplex, 2 storeys with basement ~ 5492 Dundee Street

$1,200,000

NEWNEWLISTINGLISTING

- A upper corner unit to enjoy gorgeous Northern mountain view

- Conveniently located at sought after prime Killarney area

- Very well keep spacious 1013 sf features with family room, dinning nook, kitchen, 2 bedrooms and 2 bathrooms.

Vancouver East Killarney - Apartment, Upper Corner Unit#302 - 1958 E. 47 Avenue

NEW LISTING $438,000

- Great location in Collingwood area.- A Side by Side 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, one bedroom suit at bsmt- Granite counter top, engineering hardwood floor, kitchen cabinets.- Radiant heat & HRV system, high efficient heating system

Vancouver East, Collingwood ~ Side by Side ½ Duplex 2838 Horley Street - Each unit

NEW LISTING $1,108,000

- A stunning awarding winning “Mcpherson Walk North” community in South Burnaby.

- By walking distance to Royal Oak Skytrain Station, Metrotown, sec. school.- 3 years quality built 609 sf unit features open flr plan, 9 ft ceiling, s/s

appliances, insuite laundry, granite countertops. - Fitness room, meeting room, beautiful gardening.

Burnaby South, Metrotown Apartment220 5788 Sidley ST Bby

NEW LISTING $277,000

- 3-storey, 2550 sf main house and 500 sf Lane Way House- Lot 33 x 110 - Granite countertops, maple wood kitchen cabinets - Top quality build, high efficiency heating system, radiant heat, HRV system.- 3 bedrooms up, living rm, dining rm, kitchen at main floor- 3 bdrms (2 suites) at bsmt with separate entrance, kitchen.- 2 bedrooms suite at Lane Way HouseBuyer to provide own floor plan and colour choice are welcome.

Vancouver East, Renfrew Heights - Presale, Built to suit2460 E. 19th Avenue

NEW LISTING $1,688,000

- 3-storey, 3000 sf main house and 600 sf Lane Way House- Lot size 33.5 x 127 ft - Granite countertops, maple wood kitchen cabinets- Top quality built, high efficiency heating system, radiant heat,HRV system.- 4 bedrooms up, living rm, din. rm, kitchen at main floor- 3 bdrms (2 suites) at bsmt with separate entrance, kitchen.- 2 bedrooms suite at Lane Way House Buyer to provide own floor plan and colour choice are welcome

Vancouver East, Renfrew - Presale, built to suit2737 Kitchener Avenue

NEW LISTING $1,875,000

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

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

- Granite counter top, engineered hardwood floor, HRV system, radiant heat

- 3 bedrooms and den, 2 kitchens, living room, 4 bathrooms

Vancouver East, Collingwood ~ 2756 Ward St., VancouverFront & Back Duplex, Under Construction

NEW LISTING DUPLEXeach $798,000

incl. GST

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

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

- Granite countertop, Engineered hardwood floor, HRV system, Radiant Heat

- 3 bedrooms and den, and 2 bedroom suite in basement with separate entry, 2 kitchens, living room, 4 bathrooms

Vancouver East, CollingwoodSide by Side Duplex ~ 5613 Rhodes St. Vancouver

DUPLEX each $1,098,000

- Located at Renfrew district on a quiet street - Lot size 40 ft x 108 ft - Convenient location close to school and public transit - Fantastic build 3-storey, 3050 square feet house, family room, dinning room - 3 bedrooms up and 3 bedrooms down (1+2 bedrms suit) , 5 bathrooms and 3 kitchens- Plus Lane Way House 650 sf with 2 bdrms - Granite counter top, engineered h/w floor, maple wood cabinets.- Inter-telecom, HRV system, heating exchanger, radiant heat. - Beautiful fenced garden, single garage. - Client s to provide own plan and colour choice are welcome.

Vancouver East, Renfrew Height - Presale, Custom Build 3-storey plus LWH2826 Adanac Street, Van

NEW LISTING $1,850,000

- Sought after location in prime of Killarney area- Lot size 33x110 ft - 3-storey, 2550 sf main house and 500 sf Lane Way House- Top quality built, high efficiency heating system, radiant heat, HRV system.- Granite countertops, maple wood kitchen cabinets - 3 bdrms up, living room, din room, kitchen at main floor- 3 bdrms (2 suites) at bsmt with separate entrance, kitchen - 2 bdrms suite at Lane Way HouseBuyer to provide own floor plan and colour choice are welcome

Vancouver East, Killarney - Presale, built to suit2118 Waverley Avenue

NEW LISTING $1,688,000

- 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 Heights1403 Gilmore Ave., Burnaby

NEW LISTING $998,000

- Great location in Collingwood area- A Side by Side Duplex under construction is coming soon - 3-storey spacious 1975 sf unit built with a great floor plan and advanced technology- 3 bdrms up, living room, family room and kitchen on main floor, 2 bdrm suite in bsmt- Granite countertop, engineered H/W floor, kitchen cabinets- Radient heat & HRV system, high efficiency heating system

Vancouver East, CollingwoodSide by Side Duplex ~ 2359 E. 41 Ave., Vancouver

$1,078,000

- Convenient location at Collingwood close to all; shopping, transit and skytrain- South facing unit on the quiet side North of Kingsway- A lovely 587 square feet one bedroom plus den, kitchen, bathroom, in suite

laundry.- To enjoy gorgeous mountain view

Vancouver EastUpper Unit Apartment ~ #307-3319 Kingsway

NEW LISTING $268,000

- A very affordable single house 1330 sf split level at Collingwood neighbourhood. - This house features 3 bedrooms at above, living room, dining room, kitchen at main floor,

2.5 bathrooms- Granite counter top, maple wood cabinets, engineering hard wood floor, - HRV system inter-telecom, singe garage.

Vancouver East, Collingwood2 Storey house under construction ~ 5512 Dundee Street

NEW LISTING $858,000

UNDERUNDERCONSTRUCTIONCONSTRUCTION

UNDERUNDERCONSTRUCTIONCONSTRUCTION

UNDERUNDERCONSTRUCTIONCONSTRUCTION

UNDERUNDERCONSTRUCTIONCONSTRUCTION

Page 6: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

•6 REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015

www.vancouverres idence.com

LORNE GOLDMAN604.263.1911

lorne@vancouverres idence.com

Personal Real Estate Corporationrporation

Over 35 years of proven results and consistently in the top 1% of the real estate industry.

Page 7: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015 7•

33 by 125 ft lot for sale prime east vancouver areaAsking $999,000

SOLD 2649 Trinity Street

Prime south burnaby location side by side duplex brand new ready in August.

Call and be fi rst in linewill go fast.

Asking 1,325,000 each side.

• Prime capital hill area with beautiful views• Asking price 1,200,000

50 by 122 ft Lot

Top Producer Over 2,000 homes sold in 29 years! Life Time Achiever

The Residential Realtor for Burnaby and VancouverThe Residential Realtor for Burnaby and Vancouverwww.difrancesco.ca www.churchrealtors.com

SOLD - 1 DAY ON MARKET• 2 bedroom/2 bathroom• Top fl oor corner unit • 1000 sqft

401-1655 Grant St.,Port Coquitlam

• 44,000 sqft • C2 zoning • 20,000 sqft building operating as a church• Great development opportunity• Asking $14,000,000

7271 Gilley Ave., Burnaby

New West Landmark Offi ce Building319 Governors Co., New West

1st time on the market. Incredible investment. Net income $167,000 and 5.5% return. BC most historic trophy building. Long term steady tenant. Asking $5,000,000

SOLDSOLD

SOLD SOLD

Ramnik Dhaliwal778.239.0952

Roger Johal604.833.5162

7547 Cambie St., Vancouver, B.C. V5S 1J9

[email protected] [email protected]

Inspect, Build or Sellwe have got you covered

1669 ADANAC ST.,VANCOUVER

* FSR-1 ZONING RM-4* BUILD 1,900 SQFT EACH* AVAILABLE FOR $1.1M* TOTAL FLOOR AREA OF HOUSE

1,600 SQFT * APP. 32 X 122

5891 Battison Street* $1,170,000* 33x132 * Killarney location* RS-1 zoning* Build to suit plan already submitted to City of Vancouver

5950 Arlington Ave.

* Prime Killarney area

* $1,360,000

* 50’ x 122’ lot with lane

2384-2396 East 34th Ave.* $3,000,000* 88x89* RM-7 Land Assembly* Potential for 9 Townhouses

3081 E4th Ave.

* Approx 36 x 126

* RS-1 zoning

* $1,270,000

903 East Broadway, Vancouver* 66 x 122 Lot size * RM-4 Zoning* Corner of St. Catherine St* 8 townhouses DP (Development Permit) approved and paid

$3,800,000* BUILD TO SUIT SAVE GST BUY ONE OR MORE

TOWNHOUSES (NOT BUILDING LOTS)

TOWNHOUSETOWNHOUSESITESITE

3339 East 26th Ave.* RS1 ZONING * APP. 33 X 100 LOT SIZE* 3 LEVEL HOUSE + LANEWAY* 2278 SQFT. + LANEWAY* $1,549,000 PLUS GST * TO BE COMPLETED BY JUNE 15, 2015.

UNDER CONSTRUCTION

UNDER CONSTRUCTION

5286 Clarendon St., Vancouver

SOLDSOLD

5455 Slocan St.

SOLDSOLD5166-5169 LORRAINE AVE, BBY.

NEW LISTINGNEW LISTINGSOLDSOLD

3508 Malta Ave.

Brand New House

Brand New House

SOLDSOLD

Linda RobinsOne Percent Realty Ltd

T: 604.267.7555 F: [email protected]

www.lindarobins.ca

2013

One Percent Realty Ltd.

Liz ChapmanOne Percent Realty Ltd

T: 604.266.1150 F: [email protected]

www.lizchapman.ca

2013

ALL THINGS BEING... EQUAL WHY PAY MORE???

HUGE 6200 sq ft lot, Bright south facing fenced back yard! Lovely Classic Bungalow with inlaid oak floors, 5 bedrooms, 2 full bathrooms, view to mountains from LR , close to Nanaimo Sky train station & transit. Separate entrance to basement, potential for suite. Single Garage + carport. Gorgeous, quiet tree lined street. “No oil tank” by Cerc Tank Removal.First showing at Open House!!CALL LIZ 604.266.1150

NEW LISTING!!! OPEN HOUSE SAT 2-4 PM2342 EAST 27TH AVE.

$1,445,000

MICHAEL K. CHIANG(C) 604-657-7266

Sutton Group - West Coast Realty

OPEN Sat & Sun 2-4Check out this two level 2848 sq.ft. residence with 5 bedrooms, 3 bathrooms and 2 kitchens located in quiet Killarney. A place you can call HOME as you drive through this family orientated neighborhood.Enjoy the fresh air from your south facing deck. Walking distance to schools, parks & transit.An urban oasis within minutes to community amenities, Champlain Mall, Collingwood Village.47.42’ Frontage. Lane access.$1,200,000.

3262 Coleridge Avenue3262 Coleridge Avenue

Page 8: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

•8 REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015

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Page 9: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015 9•

Page 10: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

•10 REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015

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Page 11: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » FRIDAY JUNE 19, 2015 11•

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Page 12: VANCOUVER EASTSIDE Jun 19, 2015 Real Estate Weekly

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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

New West`s historic downtown has gone back to the future, as the doors offi cially opened at the much-anticipated Trapp + Holbrook development.

The project by the Salient Group includes the redevelopment of the historic Trapp Block at 668 Columbia St. and the Holbrook building at 660 Columbia St., as well as a new tower that includes 196 homes and 6,000-square-feet of commercial space on Columbia and Front streets.

The landmark Edwardian-era Trapp Building proudly stood as one of the sig-nature structures on Columbia Street in the early 1900s and was offi cially listed on Canada’s Historic Places registry in 2004.

The Salient Group has been involved in a number of projects to retain and revitalize historic structures and neighbourhoods in Gastown.

Robert Fung, president of the Salient Group, purchased the Trapp and Holbrook buildings in 2005.

“The reason we are attracted to the area is because of that history, is because of that character, and there was a level of artistry originally and workmanship that’s really diffi cult to fi nd these days,” Fung said in a 2014 interview. “That tactile texture of the materials is very diffi cult to reproduce, and it’s important to keep that character.”

Two weeks ago that vision became real-ity as new residents began moving into the sold-out development.

“People are excited and want to move in,” Fung said.

“We’re very proud of it. It’s been a tricky, passionate long-term project,” he said. “There`s a ways to go before we get every-body moved in and everything fi nished up, but we felt it was probably appropriate in the process to celebrate the building.”

Since the Army & Navy moved out in 1976, the historic Trapp Block has remained vacant, Fung noted.

“It was a pretty big building to stay vacant for 40 years in a prime part of New West real

estate and an area that`s so important to the economy locally. (It’s) really exciting for us and the project that is really symbolic of the evolution of New Westminster. It’s got a strong foundation in its history and it’s a great story and with such a great future.”

Of course, historic restoration projects are never without unforeseen challenges.

“They are complex,” said Fung. “It’s an added component that sets projects like this apart from other new residential towers or developments, but it’s also what makes them unique and special and ties them back into the community.”

His company’s previous experience with projects in historic Gastown helped.

“Had we not done the ones in Gastown I might have been more surprised by the sur-prises. We anticipate the surprises around the heritage and we plan for them.”

He described the restoration process as “very complicated, extremely intensive,” in terms of the level of meticulous detail required, from inventorying the pieces,

removing them, storing them, restoring them, and rehabilitating them back in place on the new structure.

“It has been a massive labour of love for a lot of people.”

“The building is, quite honestly, one of the most beautiful façades we have in the Lower Mainland, if not in BC. It’s absolutely beauti-ful, the Trapp Block. That seven-storey ter-racotta façade is unique and very special.”

Fung said approximately half of the resi-dents moving in are from New West and that overall there’s a very high percentage of owner-occupiers.

“People are moving into new homes, it’s not just investors.”

In terms of the commercial space, Fung said an independent café and independent restaurant will be revealed on Thursday. Three other spaces will be retail based.

“We really believe in the notion of inde-pendent entrepreneurs, businesses that are complementary to the community and what’s already there.”

HISTORIC NEW WEST BUILDING OPENS DOORS TO NEW RESIDENTS

By Justin Beddall