BURNABY TRI-CITIES WEDNESDAY, JANUARY 20, 2016info@rew.ca • 604-435-7977

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

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most

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BURNABY TRI-CITIES WEDNESDAY, MAY 11, 2016info@rew.ca • 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

Trump Tower Sells Outin Vancouver, Sets

Record Condo Price

Crowdfunding for Real Estate is Coming to BC:

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New Home Sales GoOnline and Paperlesswith Local Innovation

It’s one of Vancouver’s most charming neighbour-hoods, a friendly community

that many say lingers long in the heart. In the days before Vancouver became a single enti-ty, Kerrisdale was the seat of government for the District of Point Grey – the original City Hall now reinvented as the Kerrisdale Community Centre.

A century later, it’s a neigh-bourhood in transition – espe-cially with the recent acquisition of the Arbutus rail corridor by the city – and some say that’s none too soon.

“There’s been a development moratorium for nine years – nine years the City would not allow a rental building to be torn down and rebuilt,” says David Goodman, principal of HQ Real Estate Services. “It’s Kafkaesque not to allow an old, tired and inef-fi cient building to be replaced.”

Trouble with NimbyismPredictably, not everyone is in

favour of changes. “No Ryerson Rezone” signs are springing up on the majority of surrounding single-family lawns, protest-ing the possibility of a 10- to 12-storey building on land the

venerated church recently sold. Graffi ti regularly appears on development/rezoning signage. One developer reports receiving a voicemail that was so threaten-ing the police were alerted.

But despite the apparent nim-byism, there’s still an undeni-able buzz of excitement and enthusiasm running through the ’hood.

“Kerrisdale is probably the best part of the West Side,” asserts Bill Szeto, president of Oakwyn Marketing. “It’s got terrifi c walkability, it’s close to parks and some of the city’s best schools, and people love its distinctive commercial village centre.”

Demand for CondosSince the majority of avail-

able apartments are rental, real estate agents report that both the resale and presale condo-minium markets are sizzling. Especially appealing to downsiz-ers and well-heeled young pro-fessionals are the larger luxury condos springing up along West and East Boulevards or the sec-tion of Arbutus street north of 41st Avenue.

Not surprisingly, that’s driv-

ing price increases. “When we launched Kerrisdale Gardens three years ago, the pro forma pricing was $750 a square foot. Near the end, prices were close to $900 a square foot,” Szeto says, adding most sales were to end-users who aren’t heavily mortgaged or are mortgage free.

Cressey Development Group has been a leader in defi ning the new Kerrisdale, with Sterling now under construction on West Boulevard between 48th and 49th. Lavishly appointed with lots of marble and fl oorplans that start at 1,200 square feet, these residences are all about lifestyle, according to Hani Lammam, Cressey’s executive vice-presi-dent.

“These buyers are not going to compromise. The reason we’ve done so well is that we are catering specifi cally to what this market segment wants – luxurious, well-appointed, large suites.” Cressey has also pur-chased the adjacent block and Lamman anticipates that when the McKinnon project comes to market, it will also sell out rap-idly.

Still, there’s a clear commit-ment to maintaining Kerrisdale’s

unique look and feel. Bogner Development Group recently sold their rezoned and shovel-ready property on East Boulevard to another developer who will be required to preserve the façade of a much-loved, heritage church. In the 6100 block, a develop-ment application for a fi ve-storey, mixed-use building also includes restoring the façade of a two-storey commercial building from the middle of last century.

Rebirth of Arbutus CorridorKerrisdale’s appeal got yet

another boost on March 7, 2016, when a longstanding, often bit-ter dispute between City and CP Rail came to an end with the announcement that Vancouver will purchase a nine-kilometre section rail between False Creek and Marine Drive for $55 million. After almost 16 years, Kerrisdale residents, like many others along the route, were fi nally able to let out a sigh of relief.

Terri Clark, co-ordinator of the Kerrisdale BIA, says “The board is thrilled to see a proposal will create an amenity where you’ll be able to walk as well as bike. And if there is a trolley to Granville Island, that will be even better.”

W h a t ’ s H a p p e n i n g i n Kerrisdale?

•2 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY MAY 11, 2016

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•4 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY MAY 11, 2016

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CHARACTER HOMEEight bedroom / 3 bath home. Updated electrical, plumbing, windows, roof & fi re system. Zoned for duplex. Huge lot (73ʼ x 143ʼ). Quiet Street.7490 14TH AVENUEGrace Kreykenbohm 778-998-4523Robin Hill 604-340-4000

NEW LISTING $250,000

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ADJACENT TO EVERYTHING!Spacious & bright 805 sq.ft. 2 bdrm & bath. Large South facing balcony overlooking the park-like setting, perfect for walking your small dog. Strata fees incl. heat, hot water, parking, storage, laundry, live-in caretaker + f/p gas. Walk to shops, bus & skytrain.323-7055 WILMA STREETSu-Marie Baird 604-786-1305

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UPTOWN NEW WESTEnjoy morning coffee on your balcony with views of Mt. Baker! This immaculately maintained 2 bedroom / 2 bathroom South East corner unit has vaulted ceilings, gas f/p, h/w fl oors, in-suite laundry, storage locker and 2 parking. Bright and spacious, this home has everything you need and a fl oor plan you will love. Centrally located within walking distance to transit, shops, restaurants and schools. Pets allowed but rentals at max. Call today for your private showing. 402-1035 AUCKLAND ST.Linda Hale 604-889-9983

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RENOVATED & HUGE FENCED PATIOInvestors & First Time Buyers – This fabulous 1 bed condo is for you! Great home; great value; great investment. Well managed building. Desirable Brentwood neighbourhood on tree-lined street. Short walk to Brentwood Mall, skytrain, restaurants. Springer Park across the street. A MUST SEE!

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End 1362 sq ft, 2 bdrms, 2 bths, make it your own! 350 sq ft priv patio w sep entry & 2 parking. Insuite laundry, kingsize master & large ensuite.1A - 501 COCHRANE AVEBrooke Alexander604-813-1044JUST LISTED

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DEXTER

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REALTY

$1,118,800

SUMMIT VIEW FAMILY HOMECustom built 3 bedroom, 3 bathroom family home with fi nished basement. Over 2600 sq.ft. home and nice, private, landscaped 7717 sq.ft. lot. Formal Living/Dining room and fantastic Kitchen with huge island and cozy family room with brick fi replace. Enjoy entertaining family and friends in your private backyard. Call Candace to view2559 BLUEBELL AVENUE

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BRIGHT & SPACIOUS HOME!Great lay-out for family living, 3 bedrooms on the main fl oor, 2 full baths. Huge kitchen with family room and gas fi replace. Great master with walk in closet and 4 piece master bath. Downstairs has a 2 bedroom secondary suite with 3 piece bathroom gas fi replace shared laundry. 2 car garage with lane access. 1878 LANGAN AVE., POCO

$264,800

CASCADE WEST ONE BDRM CONDO

Centrally located at the “Boundary” area of Burnaby/Vancouver. Cheerful one bedroom suite facing West. Cozy gas fi replace, good-sized balcony overlooks beautifully landscaped, peaceful grounds. Comes with a storage locker and parking spot. Call Candace to view this fabulous suite! #208-3770 MANOR STREET

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REW.ca » BURNABY / TRI-CITIES » WEDNESDAY MAY 11, 2016 5•

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•6 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY MAY 11, 2016

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W E D N E S D A Y , M A Y 1 1 , 2 0 1 6

I n P r i n t > O n l i n e > Y o u r c o m p r e h e n s i v e s o u r c e f o r l o c a l r e a l e s t a t e n e w s a n d l i s t i n g s

An award-winning local developer of high-end multi-family projects, Pennyfarthing Homes is once

again turning its attention to the revi-talization of the Cambie Street Corridor with its newest project – The Grayson.

The Grayson is a six-storey concrete building off ering a collection of 58 homes, from one-bedroom through to three bedrooms, including a townhome selection at Cambie Street and 26th Avenue.

“We are committed to the redevel-opment of the Cambie Street corridor and we couldn’t be happier with the location of The Grayson,” says Anthony Hepworth, president and CEO of Pennyfarthing Homes, a developer with fi ve projects in the Cambie Corridor. “We are on the slope of the hill, so the views are truly spectacular.”

With fl oor-to-ceiling windows and large outdoor patios, the upper fl oor residences at The Grayson deliver

360-degree vistas of Mount Baker, the North Shore Mountains and the Strait of Georgia.

In another fi rst, BLVD Marketing Group, which is in charge of marketing and sales for The Grayson, is excited to off er a new way to buy a home as they are constantly looking for innovative ways that push the boundaries of today’s real estate off erings. BLVD is now allow-ing buyers to purchase a new presale home from their computer.

In partnership with Yongle Technologies, BLVD will provide pro-spective buyers the opportunity to go online and choose their home, colour scheme, upgrades, parking, storage and any other customizations they want through this new technology.

“This front-of-the-line technol-ogy is advancing the purchasing pro-cess, ensuring a simplifi ed and seam-less online transaction,” says Shayna Macquisten, managing partner at BLVD

Marketing Group.Raymond Letkeman Architects Inc. is

the fi rm behind the distinctive urban architecture, which incorporates a mix-ture of brick façade with expansive win-dows to convey timeless beauty. In addi-tion, a courtyard walkway between the townhomes and condominiums features a children’s playground and access to garden walk-up units on the main fl oor. The four street-access townhomes can be reached from the courtyard as well as directly through the parkade.

Conceived by interior designer Cristina Oberti, the interior of each residence is showcased by engineered hardwood fl oors throughout main liv-ing areas, energy-effi cient air condi-tioning, overheight nine- and 10-foot ceilings within the Sub-Penthouse and Penthouse Collection, and kitchens with quartz countertops and premium inte-grated Bosch appliances.

Over the past three decades, the

developer has built several multi-family projects on the Westside of Vancouver – most notably the Bennington House, Kitsilano Townhouses, Clipper and Harbour Cove located along False Creek.

The Grayson is just steps away from the Canada Line for easy access to down-town Vancouver, Richmond and YVR. This prime Vancouver address off ers plenty of amenities, including top-rated schools, shops and restaurants, all with-in easy walking or driving distance.

Learn more about The Grayson and be one of the fi rst to buy into what is a sought-after address along the Cambie Corridor. The Grayson’s grand opening is scheduled for May 28, and tentative occupancy is summer 2018.

The Grayson sales centre and display home is located at 3373 Cambie Street, Vancouver. For more information, con-tact the sales team at 604-588-1907, email info@thegrayson.ca, or visit www.thegrayson.ca

PENNYFARTHING HOMES INTRODUCES THE GRAYSON