VANCOUVER EASTSIDE THURSDAY, JULY 7, 2016info@rew.ca • 604-435-7977

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

Summer’s here. Long sunny days, barbeques with friends and family, vacations at the cottage: let the good

times roll. But with the skyrocketing price of real estate, owning a primary residence is challenging enough for many, which means owning a detached vacation cabin is sheer fantasy.

So will the recreational condo replace the traditional family cabin? Most real estate insiders say that it won’t, but that it may evolve as a new hybrid that’s part vacation getaway, part revenue property, and partly a way to transition into retirement.

A condo’s biggest advantage is, hardly surprisingly, aff ordability. It’s also as close to maintenance free as you’re likely to fi nd – strata fees pay for most things outside our own suite. As a bonus, you might get some fancy amenities such as pools or rooftop gardens.

On the “cons” side, you’re going to be close to your neighbours – just like you are at home if you live in an urban centre. With 94 per cent of respondents in Re/Max’s 2016 Recreational Property Report

stating that a quiet, tranquil atmosphere is key to their purchase decision, this proximity translates into a major deterrent.

Then there’s the tricky question of condo zoning and bylaws. “The average person who wants to purchase a vacation home is almost certainly going to rent it out at least part of the time, because it’s the only way they can aff ord one,” says Anthony Bastiaanssen from Re/Max Kelowna. Tapping into online booking services like AirBnB has made this far easier than it used to be. However, most strata bylaws and many municipal zoning regulations prohibit short-term rentals – some prohibit rentals of any kind.

The Whistler ExceptionOne notable exception is Whistler. In

this year-round, outdoor lover’s paradise, a majority of homes must be rented – although specifi cs of those regulations vary dramatically. “If your home has Phase One zoning, you live there full time or rent

it out for whatever time period you want – daily, weekly or longer,”

says James Askew, president of rareEarth Project

Marketing. “The only thing you can’t do is leave it empty.” Phase Two zoning, also known somewhat infamously as condo hotels, is even more restrictive. “You can only use your property for 28 days in summer and winter, and the rest of the time it must be rented out through the hotel’s management program.”

Okanagan OptionsIn the Okanagan, Bastiaanssen notes

there are also still aff ordable condo properties to be found in most areas outside Kelowna, but there’s defi nitely increasing upward pressure on the bottom line – meaning buyers need to grab a deal when they see it.

He also sees a growing trend among mature but still-working buyers. “These people are looking ahead to when they

move to the Okanagan full time. They want

to park their money – and

perhaps earn

some rental revenue when they aren’t using it themselves – for when they retire.”

Island LifeIn the quest for a vacation condo,

Vancouver Island has become something of an oddity. True, Victoria’s condo market is booming as Metro Vancouverites cash out the equity in their home and escape to a more aff ordable (at least for now) setting. But like the rest of the Island, the point is these people are moving… packing up lock, stock and barrel and making a new life in a new full-time home, not using it as a weekend getaway.

Looking ahead, despite the challenges, those who fl ex their vacation-home-buying muscles in the condo market will most likely do no worse than make an investment that appreciates over time, brings pleasure now, and could become a new lifestyle in retirement. Not such a bad thing, all round.

REALTORS® in Real Estate Weeklyare working hard for you.

Whether buying or selling, check out the newest and most amazing homes

listed in your neighbourhood.

Vacation Condos: Is the Summer Getaway Changing?

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

BC Government Scraps Real Estate Industry Self-

Regulation Following Report

Main Street Named inTop 15 Coolest Streets in

North America by Retail Survey

Much-Publicized Auction of Burnaby Teardown Fails with

No Bidders Showing Up

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016

RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARDWESTCOAST

604-275-9787patsy@patsyhui.com

www. .com

96 Sales so far in 2016!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

6-BDRM 2-LEVEL HOME

6688 CULLODEN STREET$1,899,000

Lovely 2204 sq ̓BRIGHT & SPACIOUS family home in desirable SOUTH VANCOUVER location. 9 ̓ ceiling on main fl oor. MAPLE FLOORING in living & dining room. MAPLE CABINETS & GRANITE COUNTERTOPS in kitchen. Gas fi replace in living room. TILE ROOF & RADIANT HOT WATER HEATING THRU-OUT. 3 bedrooms, 2 full baths on main. Downstairs has a 1-BEDROOM SUITE & 2-BEDROOM SUITE WITH SEPARATE ENTRANCE. Close to transit & schools. A pleasure to show!

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

JULIANA HO 778-869-9688www.JulianaHo.com Juliiho@gmail.com

MASTERDiamond Master

Medallion

ROYAL PACIFICR E A L T Y

Free Market Evaluation. Sell your house fast. Custom build your dream house.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.BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAM

Top New Home Construction AwardTop New Home Construction Award

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

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

Vancouver East, CollingwoodSingle family in 2 storeys

5512 Dundee StreetNEW LISTING $950,000

- A quality built 2000 sf duplex under construction- 3 bedrooms above, living room, dinning room, kitchen,

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

hardwood floor,HRV system, inter-telecom

- Single garage

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

5508 Dundee Street and 5502 Dundee Street

NEW LISTING

Builder or investor alert! A duplex lot, RT11 zoning, lot size 60 x 117 ft, ready to build 4 duplex each 1500 sf, building plan already submit to the City for approval. Existing is an very beautiful 10 years new house. Good to keep and build later. Don’t miss!

Vancouver East, CollingwoodDuplex lot for sale

5651 Earles St Vancouver

NEW LISTING $3,200,000

- A fabulous South facing in Victoria area- Total area 3250 sf on lot size 33 x 118.50- 2 storey with basement plus LWH- Granite counter top, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & choice are welcome

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

2073 East 27th Avenue NEW LISTING $2,250,000

Both lots together 8268 sf with 1.2 FSR. Building permit is almost ready to pick up from City Hall. Owner pay expenses up to Development Permit stage. For more information, please call Baldev Sandhu at 604-880-9571

Vancouver East, Collingwood10 Duplex ready to build2717, 2711 Horley Street

NEW LISTING

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

- 5 bdrms, living room, family room & kitchens

- Granite countertop, hardwood floor, maple wood kitchen cabinets

- Radiant heat & HRV system, high efficiency heating system, garage

Vancouver East, CollingwoodSide by Side Duplex, 2 storey w/bsmt under construction

2359 East 41 Avenue$1,228,000

OPEN HOUSE SUNDAY 2-4 PMOPEN HOUSE SUNDAY 2-4 PM

A brand new ½ duplex, is almost finished at a desirable area of Grandview neighbourhood. This 2-storey, 1206 sf unit with detail finishing and mordern design; living area, dining area , kitchen, 3 bedrooms at above, 2.5 bathroom, granite counter top, single garage.

Vancouver East, GrandviewFront & Back 1/2 Duplex2118 Graveley Street

$1,310,000NEW LISTING

POTENTIAL LOTTO BUILD

10 DUPLEX

5508 - $1,263,000 5502 - $1,299,000

$4,800,000

REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016 3•

•4 REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

$2,380,000

OPEN SUN 2-4PMPrime Killarney Area.

RS-1 Lot.MLS R2048113

Mateen Qureshi604-488-9874

$1,458,000

546 & 548 E. 10TH AVEOPEN SAT/SUN 2-4PM

Brand NEW Mount Pleasant (Eric Stine designed) 4 bedroom/4 bath character home! Beautiful tree lined street, safe, secure & private setting - close to transit, great schools, hip and trendy dining, cafes & shopping all within your reach! High ceilings & top of the line fi xtures & appliances - in the hip and happening heart of Mount Pleasant - close to EVERYTHING! This modern-classic home will become a place of cherished memories!DAVID YOUNG 604-263-1144

2825 E. 43RD AVE.

★★

CALL FOR DETAILS $388,000

SUB-PENTHOUSE WITH AMAZING VIEW!

2 Bedroom with panoramic view of mountains & downtown! HUGE outdoor deck. Secure parking. Great opportunity for fi rst time Buyers or investors (unlimited rentals). Fabulous Collingwood location, just one block from skytrain & shops. 1306-3455 ASCOT PL.LORI PETTIGREW & ALAN YASIN604-649-7040

5168 RUBY ST $1,328,800

OPEN SAT 1-3PMA solid and well maintained home from the 1950's. This home is in very good shape and would make a great starter home or rental in-vestment (suite potential). A large lot size for the area (50ʼx103ʼ). Rezoning in the Joyce / Collin-gwood area for higher density would make this a good holding property for future redevelop-ment. Quiet street close to major shopping and transportation.ROBIN HILL &

GRACE KREYKENBOHM604-340-4000 778-998-4523

104 – 228 E14th Ave

OPENSAT/SUN 2-4PM

HUGE GARDEN PATIO!• Unbeatable location!• A new life? • A new relationship? • A new baby?• Rarely available!Philip Rogers 604-808-4623

$599,000

★

★

#1306-4028 Knight StreetMust see. Move in and enjoy the cityscape and mountain views. A place to call home. One bedroom plus den with North facing balcony. Super floor plan. King Edward Village. Steps to Save On Foods, TD Canada Trust, Vancouver Public Library. Only minutes to transit routes #22, #19, #25. Parking. Locker. 596 Square feet. Picture perfect! Call now.

Open 1 pm – 2 pm.Sat and Sun (July 9-10, 2016)

#305-1689 East 13 AvenueEat, play and live on The Drive. Spacious and very well maintained one bedroom plus den with an open floor plan. Extended shower room and bathroom. Enjoy the breeze from your sunny West facing balcony. Walking distance to Skytrain, Trout Lake Farmers Market and more. Parking. Locker. 852 Square feet. Call now.

Open 11 am - 12 Noon.Sat and Sun. (July 9-10, 2016)

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

Sutton Group - West Coast Realty

$365,000$365,000

$499,900$499,900 Centre Realty 604.435.9477

Tony Alves604.889.7008

www.tonyalves.ca • aalves@sutton.com pangt@sutton.com

Teresa Pang604.617.0189

2084 EAST 54TH AVENUE • $1,588,000

This 2 bedroom bungalow plus a finished basement sits on the great location of Victoria Drive and 54th area. Loads of potential, renovate and build a laneway home or build a 2,263 sq.ft. home plus a 517 sq.ft. laneway on this easy to build on lot. Basement could be a nice suite with a little TLC.

NEW LISTING

020

OPEN HOUSESAT & SUN 2-4 PM

REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016 5•

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Lisa MacIntosh Diane Kunic-Grandjean

TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH!Fabulous front 1/2 duplex on a 33x127 lot, a stone throw away from Trout Lake and The Drive! It has it all: 3 spacious bed on the upper fl oor, including a master bed with large window with North Shore Mountain views, a newly renovated en-suite and 2nd full bath with jetted tub. The main fl oor offers a unique layout: very airy, spacious living room with substantial ceiling height, gas fi replace and a bay window overlooking the front yard. Sizeable dining area eas-ily welcoming a party of 8, adjacent to a well-appointed U-shaped kitchen with plethora of storage and granite countertops. Separate large pantry-laundry room. Enjoy the front & side gardens which sizes can rival that of a house. New windows throughout, new fence & front stairs. Transit, Restaurants, Fun, Parks all at your doorstep. This is East Van living at its best!

$1,149,900NEW LISTING

1656 East 13th Avenue

3444 W. 5TH AVE. $2,950,000Sitting across from McBride Park in the heart of Kitsilano, this 1925 Craftsman offers yesterday's cachet with today's comfort. Beautifully restored character home with all of the original Fir trim work lovingly refi nished. The foyer's wainscot-ing sets the tone for the main fl oor: a spacious front reading room/den, a large living room with fi replace opening onto a dining room designed for entertaining. In the mood for a BBQ? Open your French doors and step onto your gigantic South facing deck! Upstairs offers 3 sizeable bdrms, the front bdrm has a unique attached crafts room. BONUS-a full height basement with a self-contained 1 bdrm suite (done with per-mits) with its own south facing patio. The front & back gardens are enjoyed from every window, creating an Urban Oasis on this 46x120 lot.

1925 CRAFTSMAN BEAUTY IN THE HEART OF KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE

2733 FRANKLIN ST. $1,699,000What a beauty! Welcome to this 1914 Crafts-man Bungalow Heritage "B" lovingly & patiently restored to its current glory! The large foyer gives the tone w/its beautiful wainscoting, 9'4" ceiling height & hwd fl ooring. Cozy up by the fi replace in your comfortable lvg rm drenched by natural light, host your loved ones in the ad-jacent large dng room while marvelling at the Tudor ceiling & superb built-in dresser. The 3 sizeable bed & charming 1,5 bath w/claw foot tub will house your family for a very long time. Airy modern kitchen & eat-in area from which to access a lush fenced backyard & detached garage. The bsmt offers 2 bed suite & a large separate area which could be a rec/family room for you. A unique gem in beloved Hastings Sunrise!

HASTINGS SUNRISE UNIQUE 1914 CRAFTSMAN BUNGALOW IN SUPERB CONDITION

3203 W.3rd Ave. $1,898,900Located on the North of 4th, this very spacious front 1771 square foot ½ duplex sits on the South-East corner, offering 3 generous beds, 2.5 baths on 3 levels & is one not to be missed! Relax in the top fl oor secluded master bed w/ lounge area & large en-suite bathed by natu-ral sunlight coming from numerous skylights & South facing windows. The 2nd fl oor has 2 more sizeable bedrooms, and a large en-suite. The main fl oor houses your kitchen w/ eat-in area, a large foyer w/ powder room and an open concept dining-living room opening onto your South facing ample private patio. Beautiful h/w fl oor in most rooms, closet/storage galore throughout & 1 car detached garage. Bring your house furniture, they will fi t! This is Kitsilano living….

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

229-2033 TRIUMPH ST. $319,900Beautifully renovated 1 bdrm suite in the heart of Hastings Sunrise. This South facing unit is light & bright with a sun-drenched South facing balcony. Updated Ikea kitchen and bathroom, laminate fl oor throughout. Large in-suite storage. Additional storage locker with secured parking. Very well maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingency fund & depre-ciation report. Rentals & pets (one dog or cat) allowed. Fabulous location - just down the street to Parallel 49 micro-brewery, Red Wagon Restaurant, Don-aldʼs Market, only 10 minutes to down-town & short stroll to The Drive.

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

•6 REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016

604.263.2823bobbracken.com

bob@bobbracken.comBob Bracken Real Estate ServicesEach office independently owned and operated.

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3536 WEST 1ST AVE3536 WEST 1ST AVE• Kitsilano, Big 3700 SF Character Multiplex, 33’X122’ RT-8• 1st Class Loc, Mtn Views, 1 Block to Beach, Double Garage• Gr Inc $113,800/yr, Great Tenants and Suite Mix, 6+ Units• Investors, Owner-Occupiers, Developers Asking $2,998,000

CITY HALL MULTIFAMILY BLDG ON BIG LOT

225 WEST 15TH AVE225 WEST 15TH AVE• Edwardian Character Multifamily Bldg, 4361 SF, 4+ Units• Suite Mix: 1X1 Bdrm, 2X1 Bdrm & Den, 2X2 Bdrm• Big 50’X125’ RT-6 Lot, Gr Inc $91,000, Excellent Condition• Investors, Owner-Occupiers, Developers Asking $2,988,000

MOUNT PLEASANT 3 SUITE HOUSE

2540 ST CATHERINES STREET2540 ST CATHERINES STREET• Great Prime Mount Pleasant 3 Suit House, 2143 SF• 1X4 Bdrm, 2 Level; 1X2 Bdrm, 1X Bachelor Suites• Gr Inc $49,440/yr with Upside, Tenants pay Utilities• Investors, Owner-Occupiers Asking $1,199,000

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2670 - 2680 WOODLAND DRIVE2670 - 2680 WOODLAND DRIVE• Commercial Drive, Side-by-Side Strata Duplex w 4 Suites• Each Side has Top Flr 3 Bdrm Unit & Main Flr 2 Bdrm Unit• Total 3568 SF, Gr Inc $79,980/yr, Corner 50’X122’ RT-5 Lot• Investors, Owner-Occupiers ,Developers Asking $2,498,000

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REW.ca » VANCOUVER EASTSIDE » THURSDAY JULY 7, 2016 7•

GENEROUSLY SIZED674 SF TO 1,680 SF*

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

Looking for a newhome? Start here.

There’s a real transformation going on in Marpole. This enclave is set to become yet another desirable

neighbourhood in the red-hot Vancouver Westside market. This is where Alabaster Homes is developing its newest town-home project – Oak + Park.

“Marpole is Vancouver’s next pres-tigious neighbourhood,” says Yosh Kasahara, director of sales and market-ing at Alabaster Homes. “Its Westside location, top-ranked schools, and prox-imity to Richmond and YVR (Vancouver International Airport) make it the perfect place to invest and live.”

The collection of 40 open-concept homes, ranging from 1,300 to 1,600 square feet, feature air-conditioning, quartz countertops, premium stainless-steel appliances, wide-plank hardwood fl oors, as well as heated ensuite fl ooring.

The stylish exteriors feature extensive use of traditional white brickwork and distinctive black metal detailing, making these homes stand out. Designed by the multiple-award-winning fi rm of Ciccozzi Architecture, Oak + Park is a fusion of classic design and contemporary West Coast elements.

“This is a fl agship project for Alabaster Homes. Our vision for Oak + Park is to deliver a project that raises the bar for new townhomes in the city,” he adds.

The three-bedroom-plus-den-and-fl ex residences are located within the catch-ment of some of the city’s most pres-tigious schools, including David Lloyd George Elementary and Sir Winston Churchill Secondary – an International Baccalaureate (IB) school.

“The IB school was a big draw for buyers at our last two projects,” adds Kasahara. “These parents want to give their children the best opportunities, and the program at Churchill Secondary is among the best in the country.”

Bounded by Oakridge to the north and Richmond to the south, Oak + Park is well situated, close to Marpole Town Centre, which is known for its eclectic blend of shops and amenities. It is minutes to the Canada Line and transit, and the new facilities at Cambie and Marine Drive, which includes a T&T Grocery Store, Cineplex movie theatres, and more.

For sports enthusiasts, Oak + Park is a short distance from the Oakridge-Marpole Community Centre located at

West 59th Ave and Oak Street. The centre is adjacent to Oak Park, which off ers many walking trails throughout the park, picnic areas, and a kids spray park. In addition, there is a playground, tennis and basketball courts, outdoor roller hockey, soccer and softball.

Alabaster Homes brings to the table more than 25 years of experience build-ing quality homes throughout Metro Vancouver. In Marpole, the developer recently completed the sold-out Osler Residences and launched Shaughnessy Residences – both boutique-style town-home projects.

“We believe in bringing thoughtful design, quality construction, and out-standing customer service to our buy-ers,” says Kasahara. “An Alabaster Home is one that you can count on providing comfort and enjoyment for generations.”

The sales centre, located at suite 301–1788 W Broadway, is open by appoint-ment only. Prices start from $1.1 million. Completion is slated for 2018.

To register or for more information about Oak + Park Townhomes, call 604-558-5851 or visit www.alabaster-homes.ca/oak-and-park

OAK + PARK: A Great Place to Call Home