Precedence-Southgate City MLS® Listings

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Building Info

Southgate Village - Prescedence - 7205 11th Avenue, Burnaby BC V3N 2M5 - 32 Stories and 4-storey lowrise, 351 units, 94 one-bedrooms, 205 two-bedrooms, 16 three-bedrooms, 401 underground parkings. Crossing roads: 18th Street and 11th Ave, estimated completion winter 2019.

Southgate Community Island 1 & 2 (Island Neighbourhood), a 30-storey tower and 4-storey lowrise, 282 units, 69 one-bedrooms, 207 two-bedrooms, 6 three-bedrooms a small park 310 parking spaces, crossing roads: 18th Street to 12th Avenue.

Southgate Village developed by Ledingham McAllister and designed by IBI Group is a 48-acre master plan community which includes approximately 20 residential towers between 19 - 46 storeys and an additional 200,000 square feet of new commercial space in the Southgate neighborhood of Edmonds Burnaby. The entire build out is expected to take 15 to 20 years. The master plan consists of five neighbourhoods dubbed the Gateway, Ernie Winch Park, Crescent, Courtyard and Island neighbourhood areas, and the first two towers will be located in two of these neighbourhoods, each of which will be constructed in several phases.

At the heart will be a five-acre park with a 20,000-square-foot community building, all connected by an integrated system of parks and open spaces. About 40 per cent of the site will be public open space, the report said.

Southgate Village is ideally situated in the growing community of Edmonds in South Burnaby. Rapid transit is close by, giving you easy access to urban centres, shopping and services. There are schools right across the street, with universities and colleges a short commute from your home. Southgate Villages access to transit and major roads means Vancouver, New Westminster, Richmond and Surrey are only a minutes away.

Address: 7650, 7701, 7702 18th Street, 7679 18th Ave, 7105 - 7205 11th Ave Burnaby

*STOCK PHOTOS* Utilized from Developer Website

Official Website: www.ledmac.com/project/southgate
Phone: 604-778-7706
Email: dks1@shaw.ca
Strata Sub Categories: Strata Condos

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Precedence-Southgate City Technical Info

Building Name	Precedence-Southgate City
Address	7205 11th Ave
City	Burnaby East
Neighborhood	Edmonds BE
Listing Price Range	N/A
Floors	32
Units in Development:	351
Units in Strata:	351
Property Types	Freehold Strata
Sub Categories:	Strata Condos
Year Built	2019
Developer	Ledingham McAllister
Architect Name	IBI Group
Architect Phone	604-683-8797
Architect Email	reagleston@ibigroup.com

Official Website	www.ledmac.com/pro
Restrictions	Details
Title to Land	Freehold Strata

Building Strata Minutes on BCC

Precedence-Southgate City Documents

Builidng News Articles (WM)

Precedence-Southgate City Building & Common Area Photos
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Links & Resources

https://www.walkscore.com/score/7205-11th-ave-burnaby-bc-canada

March 2024 Market Insights

January 2024 Market Insights

December Market Insights

Housing market resilient in 2023, ends year in balanced territory

November 2023 Market Insights

Metro Vancouver housing market holds steady in October

Real Estate Related News Articles(Sun and Province) Search News

Mandarin

#	Article	Publish Date	Source
1	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. Bryan Yu: B.C. housing market showing signs of marginal improvement	2024/04/23	Western Investor
2	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. Lethbridge industrial market strengthens as options limited	2024/04/22	Western Investor
3	Increase to capital gains tax will cause a flood in the cottage market: Muskoka realtor The new tax rates, set to be in force as of June 25, will increase the inclusion rate on capital gains from any sale from 50 per cent above the first $250,000 to 66 per cent. 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. Increase to capital gains tax will cause a flood in the cottage market	2024/04/22	Bloomberg
4	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. Metro Vancouver firms using employee data to inform office choices	2024/04/19	Western Investor
5	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. Southwest B.C. delivered record housing starts in 2023, says report	2024/04/18	Western Investor
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Re/Max Crest Realty Team

Other Buildings in Complex/Area

New Developments Condo Sub Categories

Restrictions

NO RESTRICTIONS
Restrictions updated: January 2011

Construction Information

Year Built	2019
Levels	32
Construction	Concrete
Rain Screen	Full
Roof	Other
Foundation	Concrete Perimeter
Exterior Finish	Mixed

Strata Information

Strata Plan #
Title to Land	Freehold Strata
Units in Development: 351
Units in Strata: 351

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