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First & Royal by Areva MLS® Listings
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Building Info
First & Royal at 82 1st St, New Westminster, BC V3L 1H2, Canada. Situated in Downtown New Westminster, First & Royal is a collection of 189 modern homes by Areva Living. Two 6-storey buildings offer a selection of 1- to 3-bedroom condominiums and seven 2-storey townhomes built over two levels of underground parking with stalls for 253 vehicles. FIrst & Royal is Just steps to Queens Park. The 75 acre green space features mature trees, trails, picnic shelters, playgrounds, sports fields, and an off-leash dog area. Head a few blocks south to take in the Fraser Rivers majestic sweep and explore New Wests rejuvenated waterfront. A short stroll away, downtown New Westminster is buzzing. Think historic brick facades, unique owner-run businesses, and a global range of dining options, with the Columbia SkyTrain station and designated bike paths connecting to the wider world.
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
Employee commute times and office space utilization data are informing companies’ strategies for encouraging in-person work and optimizing office layouts to meet long-term goals, according to those who spoke toBIV.
“As companies are revisiting or choosing to revisit their office space, they’re looking at a year to two years of real good data of who’s coming in, how often, what are they doing and what’s the purpose of the office for those people,” said Alain Rivère, vice-president of the high technologies group at CBRE.
Detached home starts decline as condo, townhome starts boom in 2023
The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of British Columbia (CPABC).
The annualBC Check-Up: Investreport found that construction began on 35,553 housing units in southwest B.C. during the year, a 20.9 per cent jump compared with 2022. This marks the highest number of housing starts ever recorded in the region.
“Our members living in the Lower Mainland have consistently reported that housing prices are the biggest challenge facing B.C. businesses,” said Lori Mathison, president and CEO of CPABC, said in an April 18 statement.
STORIED NEIGHBORHOOD ROOTED IN THE PRESENT • Central New Westminster location within short walking distance to Columbia SkyTrain Station • You are 30 minutes Drive to Vancouver’s downtown core, 10 minutes to Burnaby and 7 minutes to Surrey • Short walking distance from the green open spaces including Queen’s Park, Tipperary Park, Albert Crescent Park and the Waterfront Pier Park. • Immediately adjacent to the only elementary school in downtown New Westminster; Ecole Qayqayt Elementary • Within walking distance to New Westminster’s amazing locally-owned coffee shops, restaurants, breweries, shops and farmers’ markets!
ALIVE WITH COMMUNITY • A community of two 6-storey buildings, First & Royal is made up of 189 thoughtfully designed homes built by the reputable and quality-driven developer, Areva Living • Made for the people living and working in New Westminster in mind, First & Royal brings the historical charm of New West to the future • Designed by architecture firm, Iredale Architecture, First & Royal’s design infuses a historical aesthetic throughout the building’s exterior • Private outdoor balconies for each home extend the living space and invite the surrounding natural beauty in
HONORING THE PAST • Bringing the past to the future with the restoration of the EMN Woods Cottage (1890), one of the few remaining pregreat fire homes in Downtown New West • Historical stunning wood & stucco exterior with modern and fresh interiors
YOUR PERFECT SPACE • First & Royal’s interiors have been impeccably designed by Portico Design Group • HRV ventilation system • Enjoy the comfort of AC in your home: one remote controlled heat-pump based cooling and heating point included in the living areas for all units • Roller shade window coverings in living, dining and bedrooms • All homes come equipped with energy-efficient front-loading Samsung washer and dryer
THE HEART OF THE HOME • Beautiful woodgrain cabinetry offers abundant storage with soft-close drawers • Chic quartz countertops and backsplashes are featured throughout each kitchen highlighting both style and durability • Stainless steel under-mount sinks with brushed nickel faucets seamlessly blend functionality and design • Gather with family and friends around First & Royal’s sizeable kitchen islands • All homes have appliance packages inclusive of: – 32” Samsung stainless steel refrigerator with French Doors and bottom freezer – 30” Samsung stainless steel electric cooktop and oven – 30” AEG stainless steel built-in over-the-range hood fan – 24” Samsung stainless steel dishwasher – 24” Sleek Panasonic stainless steel microwave with trim kit
BATHROOMS • Stunning quartz countertops are featured throughout offering both elegance and versatility • Bathroom walls and floors are finished with beautiful porcelain tiles transporting you to your favourite spa • Sit back and relieve yourself of daily stress while enjoying a glass of wine in your beautiful large soaker bathtub
AMENITIES Amenity spaces seamlessly blend indoor and outdoor recreation while providing homeowners with ample opportunity to relax, entertain and enjoy all that First & Royal has to offer! Ground Level • First & Royal’s state-of-the-art fitness facility offers top-ofthe-line spin, yoga, cardio, and weight lifting equipment • Don’t forget the popcorn and enjoy your favourite movie on Friday night at First & Royal’s indoor movie theatre Floors 1-6 • Working and studying from home has never been easier or more enjoyable. Take advantage of First & Royal’s coworking spaces featured on each floor • Efficient & convenient entertainment lounge opens up onto outdoor terraces providing the perfect space to host a family dinner or birthday party Rooftop • Own the best rooftop in New Westminster! Enjoy First & Royal’s stunning rooftop amenity space with a unique outdoor theatre, dining and lounge areas, and fire pits • Parents & dog parents can relax knowing that their children & pets are safe while enjoying the outdoor play areas & dog play zones • Beautifully landscaped gardens add serenity while being interspersed with communal garden plots
SMART AND SECURE LIVING FEATURES • All secure residential underground parking stalls are outfitted with EV charging capabilities • Keyless entry allows you to open and manage building entry points from your smartphone or use your physical fob • Send friends and family virtual keys for easy shared access to the building • Smart video-enabled intercom technology allows you to see and speak to visitors and delivery drivers at the front door • At Areva Living all of our homes are backed by the required 2-5-10 home warranty insurance
GENERAL BUILDING FEATURES • Built to Step 3 as per the BC Energy Step Code providing a 40% energy-efficiency improvement, achieved through highefficiency HVAC equipment, better air-tightness and better insulation • 40 Gb Ultra high-speed Fibre Optic Ready internet infrastructure • High-speed Wi-Fi in amenity areas and building parkade
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2025
Levels
8
Construction
Concrete Frame
Strata Information
Strata Plan #
Units in Development: 189
Units in Strata: 189
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