Please visit our Open House at 104 2935 SPRUCE ST in Vancouver.
Open House on Sunday, August 20, 2017 2:00PM - 4:00PM
Spacious 1 bedroom fully renovated suite in the heart of Fairview with a huge private deck in a quiet location. Well Run 20 unit self managed building with Shared FREE laundry. Features quartz counter-tops, new cabinets, extra shelving, s/s appliances and sink, fridge has ice maker, new lighting with dimmers, engineered HW floors & modern bathroom, all redone. Parking & Storage locker included. Building elevator shaft done, Roof replaced (2010). Lots of upgrades. Lovely small boutique building with respectful neighbours. Heat & hot water included in maintenance fees. Easy access to public transit, VGH and all shopping. Open House Sat/Sun Aug 19/20 2:00- 4:00.
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Please visit our Open House at 104 2935 SPRUCE ST in Vancouver.
Open House on Saturday, August 19, 2017 2:00PM - 4:00PM
Spacious 1 bedroom fully renovated suite in the heart of Fairview with a huge private deck in a quiet location. Well Run 20 unit self managed building with Shared FREE laundry. Features quartz counter-tops, new cabinets, extra shelving, s/s appliances and sink, fridge has ice maker, new lighting with dimmers, engineered HW floors & modern bathroom, all redone. Parking & Storage locker included. Building elevator shaft done, Roof replaced (2010). Lots of upgrades. Lovely small boutique building with respectful neighbours. Heat & hot water included in maintenance fees. Easy access to public transit, VGH and all shopping. Open House Sat/Sun Aug 19/20 2:00- 4:00.
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I have listed a new property at 104 2935 SPRUCE ST in Vancouver.
Spacious 1 bedroom fully renovated suite in the heart of Fairview with huge private sundeck in quiet location. Well Run 20 unit self managed building with Shared FREE laundry. Features quartz counter-tops, new cabinets, extra shelving, s/s appliances and sink, fridge has ice maker, new lighting with dimmers, engineered HW floors & modern bathroom, all redone. Parking & Storage locker included. Building elevator shaft done, Roof replaced (2010). Lots of upgrades. Lovely small boutique building with respectful neighbours. Heat & hot water included in maintenance fees. 3 rentals allowed currently at max, sorry no pets. Easy access to public transit, VGH and all shopping. Open House Sat/Sun Aug 19/20 2- 4.
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July 2017 Real estate News By The Numbers JULY 2017 


Home buyer activity returned to more typical summer levels in Metro Vancouver last month. 


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold.

 

Last month’s sales were 0.7 per cent above the 10-year July sales average.

 

“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”

There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2017.

 

This represents a 0.3 per cent increase compared to the 5,241 homes listed in July 2016 and an 8.1 per cent decrease compared to June 2017 when 5,721 homes were listed.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,194, a 10.1 per cent increase compared to July 2016 (8,351) and an eight per cent increase compared to June 2017 (8,515).

“Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year,” Oudil, said.

 

For all property types, the sales-to-active listings ratio for July 2017 is 32.2 per cent. By property type, the ratio is 16.9 per cent for detached homes, 44.9 per cent for townhomes, and 62 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,019,400.

This represents an 8.7 per cent increase over July 2016 and a 2.1 per cent increase compared to June 2017.

 

Sales of detached properties in July 2017 reached 949, a decrease of 11.9 per cent from the 1,077 detached sales recorded in July 2016. The benchmark price for detached properties is $1,612,400. This represents a 1.9 per cent increase from July 2016 and a 1.5 per cent increase compared to June 2017.

 

Sales of apartment properties reached 1,468 in July 2017, a decrease of 8.4 per cent compared to the 1,602 sales in July 2016. The benchmark price of an apartment property is $616,600. This represents an 18.5 per cent increase from July 2016 and a 2.7 per cent increase compared to June 2017.

 

Attached property sales in July 2017 totalled 543, a decrease of 0.7 per cent compared to the 547 sales in July 2016. The benchmark price of an attached unit is $763,700. This represents an 11.9 per cent increase from July 2016 and a 2.4 per cent increase compared to June 2017.

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What Do Interior Designers Do?

 

If you want to transform a room into something that’s functional, beautiful and perfectly matched to your taste, then you might want to hire an interior designer.

 

It’s an interior designer’s job to come up with imaginative ideas that will wow you.

 

It’s a myth that interior designers just deal with paint colours, décor and furnishings. In fact, according to the Interior Designers Institute, these professionals have the training needed to handle all aspects of a renovation or remodeling project, including selecting and managing contractors. They can direct a project from beginning to end.

 

If you want to renovate your basement into a stunning home theatre and gathering place, an interior designer can:

• Draw out several concepts for you to choose from,

• Purchase the best building materials,

• Hire the contractors, and 

• Manage the project.

 

He or she can even pick out classic movie pictures for the walls!

 

There are many professional associations that have “Find an Interior Designer” links on their websites. In Vancouver or anywhere in Canada Its the Interior Designers of Canada www.idcanada.org 

 

Erica 

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No Homes for Sale in the Area You Like? Here’s What to Do...


Imagine there’s a neighbourhood you’d love to live in someday, but, every

time you drive through, you rarely, if ever, see a For Sale sign. It’s as if

homes get gobbled up by buyers the moment they get listed.

 

It’s true, properties do tend to sell quickly in desirable, in-demand

neighbourhoods. Does that mean you’re destined to either hope for a lucky

break or miss out on ever living there?

 

Fortunately, no. There are practical things you can do to increase your

chances of getting into that neighbourhood.

 

Your first step is to find out the kind of new home you can afford. You want

to get your financial ducks in a row so when a listing does come up in the

area, you’re able to respond quickly. Find out the average price range of

homes in the neighbourhood. Then, if necessary, talk to your lender or

mortgage broker.

 

The second step is to get your current property ready for sale. You don’t

necessary need to list it now, but you want to be in a position to do so

quickly, if necessary. You may need to clean up and declutter, get repairs

done, and spruce up your home in other ways.

 

The third step is to talk to me.

 

You see, listings in popular neighbourhoods often move fast. By the time

you see them advertised on the internet, they may be gone. I can closely

monitor listings in that area for you, so the moment one comes up that

meets your criteria, you can be alerted. This greatly increases your chances

of getting that home.

 

So if there is a dream neighbourhood you’d love to get into, give me a call.

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Market activity picks up in May 

Home buyer activity returned to near record levels across the Metro Vancouver housing market in May.

 

 

"Demand for condominiums and townhomes is driving today’s activity," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,044 in May 2017. This represents a 3.9 per cent decrease compared to the 6,289 units listed in May 2016 and a 23.2 per cent increase compared to April 2017 when 4,907 homes were listed.

 

The month-over-month increase in new listings was led by detached homes at 27.1 per cent, followed by apartments at 22.7 per cent and townhomes at 14.1 per cent.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,168, a 5.7 per cent increase compared to May 2016 (7,726) and a 4.5 per cent increase compared to April 2017 (7,813).

"Home buyers are beginning to have more selection to choose from in the detached market, but the number of condominiums for sale continues to decline," Oudil said.

 

The sales-to-active listings ratio across all residential categories is 53.4 per cent. By property type, the ratio is 31 per cent for detached homes, 76.1 per cent for townhomes, and 94.6 per cent for condominiums.

 

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

“While sales are inching closer to the record-breaking pace of 2016, the market itself looks different. Sales last year were driven by demand for single-family homes. This year, it's clear that townhomes and condominiums are leading the way,” said Oudil. “It’s important to work with your local REALTOR® to understand the different factors affecting the market today.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $967,500. This represents an 8.8 per cent increase over May 2016 and a 2.8 per cent increase compared to April 2017.

 

Sales of detached properties in May 2017 reached 1,548, a decrease of 17 per cent from the 1,865 detached sales recorded in May 2016. The benchmark price for a detached property is $1,561,000. This represents a 3.1 per cent increase over May 2016 and a 2.9 per cent increase compared to April 2017.

 

Sales of apartment properties reached 2,025 in May 2017, a decrease of 5.8 per cent compared to the 2,150 sales in May 2016.The benchmark price for an apartment property is $571,300. This represents a 17.8 per cent increase over May 2016 and a 3.1 per cent increase compared to April 2017.

 

Attached property sales in May 2017 totalled 791, an increase of 4.9 per cent compared to the 754 sales in May 2016. The benchmark price for an attached property is $715,400. This represents a 13.1 per cent increase over May 2016 and a 1.9 per cent increase compared to April 2017.

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Condominiums and townhomes in high demand across Metro
Vancouver 

 

 

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June 9, 2017

 

With very little Supply and High demand  Vancouver Housing Market “Ain’t Seen Nothing Yet”

 

The Vancouver real estate market, far from reaching its peak in terms of unaffordability and lack of housing, is merely “dancing on the edges of a massive problem,” according to one leading development marketer.

 

Speaking to a packed audience at the Urban Development Institute luncheon on new home marketing at the Fairmont Hotel Vancouver June 8, Cameron McNeill of MLA Canada added, “We ain’t seen nothing yet.”

The panel of well-known development marketing bosses, which also included Scott Brown of Fifth Avenue Real Estate Marketing and Daryl Simpson of Bosa Properties, discussed how blistering demand and a trickling supply of new housing is affecting the affordability of homes in the region.

 

Event moderator and UDI chair Jon Stovell of Reliance Properties asked the panel whether onerous building permit requirements and slow processing times were affecting home prices – to which the reply was unanimously “yes, absolutely, 100%.”

 

Cameron McNeill observed that the Metro Vancouver region is expected to grow by 250,000 people in next five years, and that it currently takes around six years to get a highrise residential project from conception to occupancy – “if it all goes well”. He said, “And that’s maybe 300 units. The city is 300,000 people bigger by that point.”

McNeill added, “We’re dancing on the edges of a massive, massive problem. And it’s not going to change. I just came back from Hong Kong and everybody I spoke to said to me, ‘That’s nothing.’ We ain’t seen nothing yet. This is just the tip of the iceberg for Vancouver.”

 

Daryl Simpson pointed out that population growth numbers, and therefore housing demand, would likely be even higher than projected, as projections are based solely on permanent residents and citizens. “One thing they rarely look at student visas and multiple-entry visas. There were 67,000 student visas in BC last year. And you have to think, if they’re flying to BC to study, these are students with means, maybe wealthy families. In 2016, there were 315,000 multiple entry visas – they last 10 years and allow people to fly back and forth. So you need to layer those on top of the permanent residents and citizen population growth.”

 

Scott Brown said, “You can’t fix demand. And if this is a housing crisis as the media says, where is the multi-stakeholder group figuring out how to speed up supply? If we were going to war we sure as hell would be working out how to arm up quickly. But we spend more time working out how to break things apart than how to fix things. We need to work together. We’re trying, but putting one project a time on the market, there’s so much demand, prices just keep escalating.”

 

Simpson added, “Look at the 450 acres in False Creek Flats, with 1,400 residential units in total earmarked for that area. That’s three homes per acre. That’s insane. Ask Ryan Holmes of Hootsuite what he needs, it’s not 450 acres of industrial land, its proximate residential units [so employees can afford to live in Vancouver close to work]. Ask Amazon, they’ll say the same thing. Go to Seattle, there are more residential units being built by Vancouver developers – Bosa, Westbank, Onni – right across the street from the Amazon HQ than will be built in the whole of the False Creek Flats.”

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I have listed a new property at 2110 ETON ST in Vancouver.
Welcome to centrally located, comfortable living in Eton Crest. Built in 2014 this 3 level townhouse has 3 bedrooms, 2.5 bathrooms and 3 outdoor areas, including a large yard. Perfect for entertaining; enjoy the beauty of the mountains, downtown skyline & Vancouver Harbour from your private rooftop patio. Made for a variety of living arrangements with a potential ground level 1 bedroom lock-off suite. Each home is finished with all premium amenities: rich floors, large basin kitchen sink, quartz counter tops, s/s appliances, elegant fireplace, double sink washroom & much more. Plus enjoy the convenience of being minutes away from downtown & East Village shops.
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I have sold a property at 2103 1850 COMOX ST in Vancouver.
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated. Available to view anytime.
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I have sold a property at 302 3787 PENDER ST in Burnaby.
WEDGEWOOD VILLA – Corner unit Completely & beautifully renovated bright ,sunny Two bedrooms w/ two ensuite bathrooms & 3rd bathroom/powder room on main floor.This two level townhome boasts a large private roof-top deck featuring Fantastic views day or night..Everything updated,Paint, flooring, counters, complete kitchen Reno ,all 3 bathrooms ..simply gorgeous top to bottom a must see!!Gas F/P in L/R incl. in fees,spacious bright kitchen w/S/Sl appliances & separate D/R. Insuite stacker laundry.Second largest townhome in this 28-unit complex comes with secure parking stall and Huge locker. Well managed building just competed major envelope replacement ,new windows & Roof only 7 years old.Steps to all amenities, bus loop, PNE. OPEN HOUSE: SUNDAY, APRIL 16TH, 2-4 PM.
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Demand for homes continues to outpace supply in Metro Vancouver


VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with
strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s
housing market in March.


Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent
from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent
compared to February 2017 when 2,425 homes sold.


Last month’s sales were 7.9 per cent above the 10-year sales average for the month.
“While demand in March was below the record high of last year, we saw demand increase
month-to-month for condos and townhomes,” Jill Oudil, Real Estate Board of Greater Vancouver
(REBGV) president said. “Sellers still seem reluctant to put their homes on the market, making
for stiff competition among home buyers.”


New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,762
in March 2017. This represents a decrease of 24.1 per cent compared to the 6,278 units listed in
March 2016 and a 29.9 per cent increase compared to February 2017 when 3,666 properties were
listed.

 


This is the lowest number of new listings in March since 2009.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver
is 7,586, a 3.1 per cent increase compared to March 2016 (7,358) and a 0.1 per cent decrease
compared to February 2017 (7,594).

 


The sales-to-active listings ratio for March 2017 is 47.2 per cent, a 15-point increase over
February. Generally, analysts say that downward pressure on home prices occurs when the ratio
dips below the 12 per cent mark for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.
“Home prices will likely continue to increase until we see more housing supply coming on to the
market,” Oudil said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $919,300. This represents a 0.8 per cent decrease over the past six
months and a 1.4 per cent increase compared to February 2017.
Sales of detached properties in March 2017 reached 1,150, a decrease of 46.1 per cent from the
2,135 detached sales recorded in March 2016. The benchmark price for detached properties is
$1,489,400.

This represents a 5.0 per cent decrease over the past six months and a one per cent
increase compared to February 2017.


Sales of apartment properties reached 1,841 in March 2017, a decrease of 18.3 per cent
compared to the 2,252 sales in March 2016.The benchmark price of an apartment property is
$537,400. This represents a 5.2 per cent increase over the past six months and a 2.1 per cent
increase compared to February 2017.


Attached property sales in March 2017 totalled 588, a decrease of 25.2 per cent compared to the
786 sales in March 2016. The benchmark price of an attached unit is $685,100. This represents a
1.3 per cent increase over the past six months and a 1.4 per cent increase compared to February
2017.

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SOLD : April 20 2017 MLS R2155660 #ericarealtor 

 

WEDGEWOOD VILLA – Corner unit Completely & beautifully renovated bright ,sunny Two bedrooms w/ two ensuite bathrooms & 3rd bathroom/powder room on main floor.

 

This two level townhome boasts a large private roof-top deck featuring Fantastic views day or night.. 

 

Everything updated,Paint, flooring, counters, complete kitchen Reno ,all 3 bathrooms ..simply gorgeous top to bottom a must see!!Gas F/P in L/R incl. in fees,spacious bright kitchen w/S/Sl appliances & separate D/R.

 

Insuite stacker laundry.Second largest townhome in this 28-unit complex comes with secure parking stall and Huge locker.

 

Well managed building just competed major envelope replacement ,new windows & Roof only 7 years old.Steps to all amenities, bus loop,

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Please visit our Open House at 2103 1850 COMOX ST in Vancouver.
Open House on Saturday, April 1, 2017 2:00PM - 4:00PM
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated. Viewings on Saturday April 1st by appt 2:00 - 4:00pm.
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Please visit our Open House at 2103 1850 COMOX ST in Vancouver.
Open House on Saturday, March 25, 2017 2:00PM - 4:00PM
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated. Viewing by appointment Mar 25/ 26th 2:00-4:00
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Please visit our Open House at 2103 1850 COMOX ST in Vancouver.
Open House on Sunday, March 26, 2017 2:00PM - 4:00PM
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated. Viewing by appointment Mar 25/ 26th 2:00-4:00
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I have listed a new property at 215 618 COMO LAKE AVE in Coquitlam.
The EMERSON BY MOSAIC. Corner unit with quality materials built in 2014 by an excellent developer. The largest floorplan available at 1077 sqft 2 bedroom plus den gives you a home that is spacious 10ft overheight ceilings and a foodie dream kitchen with full size stainless steel appliances and composite stone countertops. Spacious master bedroom with private & spacious ensuite with walk-in shower, second bathroom features soaker tub/showerhead. High quality flooring with. This home Shows like new and GST is paid. A very special Unit sure to tick all the boxes in booming West Coquitlam. Steps to the evergreen line skytrain and all the new shopping and amenities. Open houses: Sun Mar 12th 2-4pm.
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Please visit our Open House at 2103 1850 COMOX ST in Vancouver.
Open House on Sunday, March 26, 2017 2:00PM - 4:00PM
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated. Open house sat and sun Mar 25th/26th 2:00-4:00.
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Please visit our Open House at 2103 1850 COMOX ST in Vancouver.
Open House on Saturday, March 25, 2017 2:00PM - 4:00PM
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated.
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