Monday, March 29, 2010
Two bedroom condo for sale in Kitsilano
I just listed a two bedroom condo at 109 2250 West 3rd Ave, Henley Park in Kitsilano. This condos for sale in Kitsilano is in original condition however meticulously kept so you can renovate to your taste or just move in.
This unit is priced below most other Kitsilano Condos so it will not last long on the market. It is a ground level condo facing North with gorgeous gardens surrounding it.
For more information on this condo or Kitsilano Real Estate in general contact:
Peter Raab
Kitsilano Real Estate Agent
Labels: condos for sale in Kitsilano, Kitsilano condos, Kitsilano real estate, kitsilano real estate agent, two bedroom condos for sale in Kitsilano
Condo sold in downtown Vancouver
I just sold my listing at 501 811 Helmcken, downtown Vancouver for 99% of the asking price.
This one bedroom condo sold for $325,000 and is rented for $1375 a month which makes it a great revenue property for an investor.
Located in the heart of downtown Vancouver, walking distance to Yaletown, the seawall, St. Paul hospital and the business district. This condo was 588 square feet with one bedroom, one bathroom plus an office/solarium.
For more information on condos for sale in downtown Vancouver contact:
Peter Raab
Vancouver Real Estate Agent
Labels: condos for sale downtown vancouver, condos sold in downtown Vancouver, downtown Vancouver real estate
Just sold, townhouse in Fairview Slopes
I just sold my listing at 10 1081 West 8th in Fairview slopes for 105% of the asking price in 13 days.
This townhouse has a huge roof-top deck with unobstructed views of English Bay, downtown Vancouver and the North Shore mountains. It was also recently renovated with Brazilian Cherry hardwood floors, remodeled kitchen and bathroom.
Located in the heart of Fairview, a short walk to Granville street, Granville Island and the Olympic Canada Line station.
We had over 60 groups through each day during the open houses which tells me the Vancouver Real Estate Market is hot right now.
For more information contact:
Peter Raab
Vancouver Real Estate Agent
Labels: 1081 West 8th Fairview, downtown Vancouver real estate, Townhouse for sale in Fairview
Friday, March 26, 2010
One bedroom condo for sale under $250k in Commercial Drive
Renovated one bedroom condo for sale in a rain screened building on the Drive.
3051688 East 8th (at Commercial Drive) in East Vancouver
1 bedroom, 1 bathroom
1 parking stall plus 1 external storage locker
2 pets allowed under 45 pounds total weight
Rentals currently at their max
507 square feet
$249,000
OPEN HOUSE SATURDAY MARCH 27TH AND SUNDAY MARCH 28TH FROM 2:30-4:00PM
Open floor plan that feels much larger than the actual square footage. Mountain views from every room and just across the street from the Sky train which gets you downtown in 7 minutes.
New stainless steel appliances, laminate floors, movable island in the kitchen with a balcony for BBQ's.
Must be seen to be appreciated!
For more contact:
Peter Raab
Vancouver Real Estate Agent
Labels: condo for sale in Grandview, condo for sale on commercial drive, open house in East Vancouver
Town house for sale in Kitsilano
OPEN HOUSE SATURDAY MARCH 27TH FROM 2:00-3:30 PM.
15 2375 West Broadway
2 level, 2 bedroom, 2 bathroom Townhouse for sale in Kitsilano
895 square feet
Pets and rentals allowed
$489,000
On the quite side of the building facing north east, steps to all the shops on 4th ave and West Broadway. The Taliesin, built in 1999 with Vinyl siding in a well maintained building with lush gardens.
Stainless steel appliances, gas fireplace, one parking stall included.
Peter Raab
Kitsilano Real Estate Agent
Labels: Kitsilano real estate, kitsilano real estate agent, town house for sale in Kitsilano, townhomes for sale kitsilano
Sunday, March 21, 2010
Post Olympic Vancouver Real Estate Market Update
Its hard to believe its been almost three weeks since that unforgettable overtime winner to give Canada the gold in men's hockey. Everyone's wallets are a little thinner, liver's a little worn and voices returning to normal but the stories and spirit that these games brought to our city live on. No one could have ever predicted how absolutely amazing these games were and that us, Vancouverites could throw such a party! There were so many moments that will live with me forever, too many to put into words.
So, the big question is what's happening in the Vancouver real estate market now that the games are over?
The prediction that most people were talking about for the past two years was a drop in prices after the games because of the over supply. Since (hang-over) Monday March 29th, Vancouver real estate agents have seen a continued supply of homes coming up for sale however, the surprise has been the equal amount of demand for these homes.
We are currently in a seller’s market with all the good product selling in multiple offers, above the list price!
There are 5 main reasons for this:
1. Interest rates are still at an all time low and it is well known they will be increasing in mid summer so people are wanting to buy and lock in before they increase.
2. Increased inventory on the market for buyers to choose from.
3. New mortgage rules are taking force April 19th with stricter guidelines.
4. HST coming into effect July 1st.
5. Confidence is high in the Vancouver real estate market.
I anticipate this spring to be one of the busiest for for Kitsilano real estate and Vancouver real estate in our real estate boards history.
In particular there will be a big demand on condos for sale in kitsilano, Kitsilano homes and townhomes.
Labels: condos for sale in Kitsilano, Kitsilano real estate, kitsilano real estate agent, Vancouver Real estate market update
Saturday, March 20, 2010
Open House in Fairview Slopes
Open House Saturday March 20th from 2:00-3:30 p.m. and Sunday March 21st from 2:00-3:00 p.m.
Completely renovated townhouse for sale in Fairview slopes with spectacular city, mountain and water views!
10 1081 West 8th Ave, Fairview Slopes, Vancouver West
2 bedrooms with 1 bathroom all on one level.
965 square feet
1 dog or 1 cat allowed
Rentals are allowed
This townhouse is fully renovated with over $70,000 in renovations spent. Large balcony off the living room with a bonus, huge private rooftop deck. Absolutely amazing views from this rooftop deck!
One parking and one storage locker included.
For more information please contact:
Peter Raab
Vancouver Real Estate Agent
Labels: 1081 West 8th Fairview, Townhouse for sale in Fairview, vancouver real estate agent
Open House in Kitsilano
I'll be hosting an open house on Sunday March 21st from 1:00-2:00 p.m.
15 2375 West Broadway in Kitsilano.
This townhouse for sale is between Balsam and Vine on the quite side of the building, facing north east.
Built in 1999, this very well maintained complex at the Taliesin has gardens and water features in the open court yard and is pet and rental friendly.
This particular unit is a two level townhouse with both bedrooms and a full bathroom on the main level and the kitchen, living, dining and second bathroom on the lower level. Open concept living space with a patio off the living room.
895 square feet, one parking stall included.
Real Estate in Kitsilano is booming now so this townhouse will not last.
For more information contact:
Peter Raab
Kitsilano real estate agent
Labels: kitsilano real estate agent, real estate Kitsilano, Townhouse for sale in Kitsilano
Thursday, March 18, 2010
New Mortgage Insurance rules
Federal Finance Minister Jim Flaherty announced changes to mortgage insurance rules intended to come into force on April 19, 2010, as follows:
1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.
2. The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home. Very rarely will a 95% refinance situation come into play.
3. Non-owner occupied properties will require a minimum down payment of 20%. To avoid additional costs, i.e. premiums, most clients have 25% for down payment on income properties. If a client only has 20% for down payment, the premium that CMHC charges is 2.5%. All income property qualifications are based on 25 year amortization. This has not changed.
4. There were not any changes to down payment requirements or amortization for owner occupied properties.
Peter Raab
Kitsilano Real Estate Agent
Labels: New Mortgage Rules, Vancouver Real Estate
Saturday, March 13, 2010
Cash flow positive investment for a one bedroom condo in Downtown Vancouver
501 811 Helmcken Street
1 bedroom, 1 bathroom plus office/solarium
588 square feet
This unit rents for $1,375 a month on a month to month tenancy with a great tenant. At the current variable rate 10% down gives you a $980 a month mortgage payment on a 35 year ammortization. Factor in $198 a month strata fees and you're still cash flow positive.
Add value down the road by opening up the kitchen and renovating the bathroom if you choose. Its in great shape as is for now.
This suite is in excellent condition with laminate flooring through out with a bright, spacious den.
One parking and one storage locker included.
Well managed building with a live-in caretaker.
Sutton West Coast Realty
Peter Raab
Vancouver Real Estate Agents
Labels: 811 Helmcken, condos for sale in vancouver, investment properties for sale in Vancouver, Vancouver real estate agents
Friday, March 05, 2010
I've moved my Blog
This blog is now located at http://vancouverrealestateupdate.peterraab.ca/.
For feed subscribers, please update your feed subscriptions to http://vancouverrealestateupdate.peterraab.ca/atom.xml.
Thursday, March 04, 2010
Townhouse for sale at the Taliesin in Kitsilano
I have just listed a two bedroom townhouse at the
Taliesin in
Kitsilano.
15 2375 West Broadway, at Balsam Street.
Located on two levels with a reverse floor plan meaning you walk into the upper floor which has the two bedrooms and bathroom with the living room, dining room, kitchen and second full bathroom on the main level.
895 square feet
Pets and rentals allowed
One parking stall included in the purchase price.
$499,000
The Taliesin is a 42 unit townhouse complexe by Intergulf. This is an open concept complex with lush gardens in the courtyard in a very well maintained complex.
Located in the heart of Kitsilano with IGA a half a block away and only minutes by foot to all the shops and restaurants on West Broadway and 4th Ave.
For more information on this townhouse in Kitsilano or other townhouses in Kitsilano conatct
Peter Raab
Kitsilano Real Estate Agent
Labels: Kitsilano real estate, The taliesin Kitsilano, townhomes for sale kitsilano, Townhouses for sale in Kitsilano
Wednesday, March 03, 2010
One bedroom condo for sale in the Capers Building in Kitsilano
Just listed on March 3, 2010
330 1979 Yew Street, Kitsilano, Vancouver.
One bedroom, one bathroom
680 square feet
$409,000
Fantastic investment available in the Capers building, on the north west corner with a huge west facing patio.
One parking and one storage locker included with a gas fireplace and insuite laundry.
The Capers Building
This is a mixed residential/comercial low rise building in the heart of Kitsilano. It was built in 1993 and designed by Harold Kalke who had a philosophy that three development objectives must be met if a building is to be a success:
1. It must positively affect the occupants lives
2. It must make a positive contribution to the neighbourhood
3. It must show the development industry that there is a better way.
He achieved this by installing geo-thermal heating and built in water purification. He was also one of the first to install a double exterior wall system and thermally separated windows for better insulation.
All of the carpets in the building were made from recycled materials and added trees on the roof and surrounding area's of the building to make it an inviting pedestrian environment.
In terms of location, the Capers building is in the heart of Kitsilano, steps to shopping; Capers Market right below, Safeway across the street, Shoppers Drug Mart kitty corner, Market Meats and the list goes on.
For more information on condos for sale in the Capers building, contact:
Peter Raab
Kitsilano Real Estate Agent
Labels: Capers building Kitsilano, condos for sale in Kitsilano, condos for sale in the Capers building, kitsilano real estate agent
