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Receive more information about Athenry Gate
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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Athenry Gate - 20861 83rd Avenue, Langley, BC V2Y 2C4, 4 levels, 153 units in development, 66 units in Strata, Completion scheduled for 2013 - located at the corner of 208th Street and 83rd Avenue in Willoughby neighborhood of Langley. Athenry Gate has 3 buildings: Building 1 - 66 units, Building 2 - 48 units and Building 3 - 39 units (age restriction for Building 3 - 55+). Athenry Gate is developed, built and designed by a team of award-winning professionals: Athenry Developments, Marcon Construction, and F. Adab Architects Inc. Featuring unique architecture with bold exterior colors and curb appeal, Athenry Gate will be a prominent addition to the trendy Yorkson South community of Langley and is centrally located to all amenities.
Athenry Gate consists of one commercial space and a collection of 153 studio to two bedroom with den condos, and every home will feature 9' ceilings, baseboards, crown mouldings, laminate wood flooring in the living room, den & kitchens, nylon carpet with great underlay in the bedrooms, solid red oak or white wood shaker cabinets, Whirlpool stainless steel appliance package, ceramic tile backsplash, polished granite countertops, kitchen island/eating bar in some units, laminate counters in bathrooms, bathrooms tile floors & hand set tile walls, deep soaker tubs, Whirlpool Duet washer dryer, and large patios/balconies with amazing mountain views. The premises also have rich landscaping with a Celtic inspired theme, a childrensplay area, storage lockers, visitor parking, exterior stone detailing with James Hardie Siding and 24 hour surveillance cameras.
Just 10 minutes away is the Willowbrook Shopping Centre, Save-On-Foods, IGA, Supper Store, Cosco and Best Buy. Recreational options include Municipal Hall, Walnut Grove Community Center, Langley Memorial Hospital, Redwoods Golf Course, and Fort Langley National Park too. As far as transportation is concerned, the Athenry Gate condos are close to Highway 1 and Golden Ears Bridge. There are top rated schools for all ages including Willoughby Elementary School, Walnut Grove High School, Langley Fine Arts School, Kwantlen University and Trinity Western University.
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
A perfect mix of convenience and privacy, Athenry Gate is located near Walnut Grove and Langley town centre. Everything from transit, shopping centres to regional parks, restaurants to golf courses and recreation centres are all just a short distance away
Uniquely positioned in the up-and-coming Willoughby neighbourhood; future amenities include an elementary school within walking distance, a bus terminal and various boutiques and shops
Future Irish Cultural Centre to offer Irish dance, theatre, music and various activities
A Grand Entrance
Traditional European architecture with a modern flair, designed by renowned F.ADAB Architects
Large Patios
Mountain Views
Rich landscaping with a Celtic inspired theme
Exterior stone detailing with James Hardie® Siding
Children's play area
Secured underground parking
Storage lockers at the parking level
Controlled-access visitors parking
Welcome Home
Your choice of two distinctive colour schemes designed by award winning Calvert Designs Studios; timeless Sandstone or exquisite Sage green Dramatic 9' ceilings throughout
Elegant 7" crown mouldings in living area
Contemporary 5-1/4" baseboard trim throughout
Defined 3" wide door casing with 4" high door headers
Wall-to-wall 35 oz. stain resistant nylon carpet with 7lb. underlay in bedrooms
Premium Laminate flooring in all kitchens, dens and living rooms
Designer selected floor tile in bathrooms
Cozy electric fireplace with custom classic deep mantel and tile surround
2-panel shaker style interior doors with satin-nickel door hardware and hinges
2" white pvc window blinds throughout for added privacy
Inspired Kitchens
Solid Red Oak or White wood Shaker cabinet doors with sleek satin -nickel pulls and designer glass insert
Brushed nickel track lighting with under-cabinet halogen puck lighting
Rich, 3/4" thick, polished granite countertops
Eating bars in most units, selected units with kitchen islands
Under mounting stainless steel sinks with stylish Grohe chrome pull-out faucet
Large capacity, in-sink disposal
Modern "Stainless Series" Whirlpool® appliances including:
18.6 cubic foot, bottom-freezer refrigerator with glass shelves and humidity-controlled crispers
Accubake® self-clean, 30" electric slide in range with ceramic glass CleanTop®
"Durawash™" Energy Star® dishwasher
Built-in, over the range microwave with integral hood fan
Whirlpool® Washer & Dryers:
Duet white 4 cubic foot, front load energy star washer
Duet white 6.7 cubic foot, front load electric dryer
Relaxing Bathrooms
Solid Red Oak or White Wood Shaker cabinet doors with sleek satin -nickel pulls
Luxurious and deep soaker tubs
Energy-efficient Toto low flush toilets
Stylish Grohe 8" centre satin-nickel faucets, tub and shower fixtures
Hand-set designer tile for shower and tub surrounds
Designer selected laminate countertop
Satin-nickel bath accessories
Safe, Secure & Service
A secured, well-lit underground parkade with emergency panic stations, fob-only access and video surveillance
A fob-only access lobby with video surveillance, plus intercom with security camera, allowing you to pre-screen visitors using your TV
Two high-speed elevators with restricted floor access
Technology ready- with additional tel/cable/data outlets and CAT 5e wiring
State-of-the-art fire protection system and smoke detectors in every home
Comprehensive Travelers Guarantee of Canada new home warranty including two years for materials, five years for building envelope, and 10 years for structural components
Marcon's dedicated, after-sale customer service team makes living in your home as enjoyable and worry-free as possible??
Features/Amenities from other sources
Elevator
In Suite Laundry
Playground
Storage
Wheelchair Access
Maintenance Fees Include
Garbage Pickup
Gardening
Hot Water
Management
Snow Removal
Restrictions
NO RESTRICTIONS
PETS ALLOWED
RENTALS ALLOWED
No. of Pets
2
Dogs
Yes
Cats
Yes
Restrictions updated:
July 2011
Construction Information
Year Built
2013
Levels
4
Construction
Frame - Wood
Rain Screen
Full
Roof
Other
Foundation
Concrete Perimeter
Exterior Finish
Other
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 153
Units in Strata: 66
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