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Savoy (Condo & Townhouse) MLS® Listings
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Building Info
Savoy - 4238 Cambie Street, Vancouver, BC V5Z 2Y4, Canada. Crossroads are Cambie Street & West 26th Avenue. Developed by Aria Pacific Development Inc. Scheduled for completion in 2024. Savoy at Queen Elizabeth Park is located in the heart of the Cambie Corridor in Vancouver. Savoy is a 6-storey concrete development consisting 1-2-3 bedroom, 52 condos and 5 townhomes. These boutique residences reflect the West-Sides classic refined look and feel and combine urban luxury with parkside living just steps from Vancouvers crown jewel Queen Elizabeth Park. The nearby Canada Line provides direct access to the entire City within minutes.
The city, ocean, and mountains are to your north. Park space, shops at Oakridge, and the airport are to your south. Savoy gives you the best of both worlds: a central address in a serene parkside location. Pair a busy urban morning with a quiet meditative afternoon at the park. Slip into the city by Canada Line. Stroll to the world class aquatic facilities at Hillcrest Community Centre.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
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.
PRESTIGIOUS BOUTIQUE LIVING A SEAMLESS BLEND OF URBAN CONVENIENCE AND REFINED WEST SIDE LIVING. • Trusted concrete construction by the award-winning ITC Group • A statement of architectural design by Rafii Architects
Conveniently situated in Cambie Village at Cambie & 26th Street: • King Edward SkyTrain Station - 1 block away • Queen Elizabeth Park - 2 blocks away • Hillcrest Park - 4 blocks away: - Home of the Vancouver Canadians professional baseball team - World class aquatic centre - Minor-league baseball field - Soccer field - Lawn bowling - Gymnastics - Curling rink - Ice rink - Farmers market Centrally-located for travel by vehicle: - Downtown Vancouver - 7 minutes - Oakridge Centre - 5 minutes - VanDusen Garden - 4 minutes • Striking views of Queen Elizabeth Park and Downtown Vancouver
LUXURIOUS INTERIORS COMPELLING AND THOUGHTFUL DESIGN BY PORTICO DESIGN GROUP. • Two modern and refined colour palettes from which to choose • Two convenient, high speed elevators • All homes cooled by air-conditioning • Luxurious five-inch, wide plank engineered hardwood flooring • Over-height ceilings • Custom roller blinds in every home • 24” Blomberg stacking washer/dryer
GOURMET KITCHEN STATEMENT KITCHENS WITH PREMIUM MIELE APPLIANCE PACKAGES. Urban 1-Bedroom and 1-Bedroom Integrated Appliance Package: - 24” Miele gas stove - 24” Miele wall oven - 24” Miele refrigerator - 24” Faber hood fan - Panasonic microwave - Miele dishwasher 2-Bedroom Integrated Appliance Package: - 30” Miele gas stove - 30” Miele wall oven - 30” Miele refrigerator - 30” Faber hood fan - Panasonic microwave - Miele dishwasher Sub-Penthouse & Penthouse Integrated Appliance Package: - 30” Miele gas stove - 30” Miele wall oven - 36” Miele refrigerator - 24” Miele under-counter wine fridge - 30” Miele hood fan - Miele microwave - Miele dishwasher • Elegant quartz countertops and backsplash • Gentle, soft-close doors and drawers • Artfully-placed under-cabinet lighting • Studios feature a stainless steel single bowl undermount sink • 1, 2 & 3 bedroom homes feature a stainless steel double bowl undermount sink • Single lever Hansgrohe faucet • Integrated recycling centre • Magic corner in most units
PRIVATE AMENITIES • Well-appointed fitness studio to help maintain ahealthy lifestyle • Beautifully landscaped rooftop patio with a built-in BBQ kitchen and views to Queen Elizabeth Park and Downtown
ELEGANT BATHROOMS • 12” x 24” porcelain floor tiles, wall tiles, and tub/shower surround • Sleek frameless glass door • Chrome Kohler shower fixtures and faucets • Relaxing deep soaker tub • Spacious vanities with dramatic under-cabinet lighting • Elegant quartz countertop • Water conscious dual flush toilets • Custom ensuite medicine cabinet with LED-lit shelving PEACE OF MIND • Comprehensive warranty protection - 2-year warranty for materials - 5-year warranty for building envelope - 10-year warranty for structural defects
Penthouses 1, 2, 4 & 5 include rooftop patios
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2024
Levels
6
Construction
Concrete
Strata Information
Strata Plan #
Title to Land
Freehold
Units in Development: 57
Units in Strata: 57
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