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Cornwall Place

1025 Cornwall Street


New Westminster, V3M 1S1 VNWUP - Uptown NW

  • Levels: 3
  • Suites: 21
  • Status: Completed
  • Built: 1976
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: NWS432
  • Management company:  Self Managed
  • Bldg#: 121

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Cornwall Place MLS® Listings

302 1025 CORNWALL .. 2 Bed, 1 Bath,935 Sqft.  $419,900 RE/MAX results realty
206 1025 CORNWALL .. 2 Bed, 2 Bath,987 Sqft.  $418,000 Macdonald Realty
101 1040 FOURTH AV.. 2 Bed, 2 Bath,964 Sqft.  $443,000 RA Realty Alliance Inc.
(Nearby Listing)
206 1025 CORNWALL .. 2 Bed, 2 Bath,987 Sqft.  $418,000 Macdonald Realty
(Nearby Listing)

MLS® Listings Summary (2) New Projects under Construction  Area MLS® Listings  Our Listings 
(Open houses highlighted in yellow)

MLS® Address Style BD BA Area Mnt Price F/Plan
1 R2625794 302 1025 Cornwall Street Corner Unit, 2 1 935 $523 $419,900 N/A
2 R2611574 206 1025 Cornwall Street 1 Storey,cor 2 2 987 $561 $418,000 N/A
Listings Listed By:  1. RE/MAX results realty    2. Macdonald Realty   
Legend: BD - Bedroom, BA - Bathroom, Mnt - Maintenance Fee, $/sqft - Dollars per square foot.
MLS® Listings Summary Print view

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

Cornwall Place - 1025 Cornwall Street New Westminster, BC V3M 1S1, NWS432 - Located in the popular Uptown neighbourhood in New Westminster on Cornwall Street and 11 Street. This is a convenient location that is within minutes from public transit, restaurants, coffee shops, Royal City Shopping Centre, library, London Drugs, Save-On-Foods, Moody Park, all levels of schools including Douglas College, Safeway, recreation, medical services and more! Direct access to highways allows an easy commute to Richmond, Downtown Vancouver and other surrounding destinations. Cornwall Terrace offers 21 beautiful homes built in 1976 that are professionally managed by Ascent 604-431-1800. Most homes feature spacious floor plans, extra storage spaces throughout, walk-in closets, galley style kitchens and large private balconies. This is a well maintained building with recent updates including newer decks. Other building features including storage lockers, elevators, sauna, covered parking, shared laundry and visitor parking. Cornwall Place welcomes all ages, is pet friendly and rentals are allowed. This is comfortable condo living in a sought after location in New Westminster!

Strata Sub Categories: Strata
 

Cornwall Place Technical Info

Building Name Cornwall Place
Address 1025 Cornwall Street
City New Westminster
Neighborhood Uptown NW
Listing Price Range N/A
Floors 3
Units in Development: 21
Units in Strata:21
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1976
ManagementSelf Managed
Restrictions Details
Strata Plan NWS432
Title to Land Freehold Strata
  

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Other Buildings in Complex/Area

  1. A Hillside Terrace - 1040 4TH AVE - NWS320
  2. B Cornwall Terrace - 1006 CORNWALL STREET - NWS1492
  3. C Crestwell Manor - 1011 4TH AVE - NWS472
  4. D Springbok - 315 10TH STREET - NWS1827
  5. E Hillpointe - 230 MOWAT STREET - NWS1890
  6. F The Windsor - 225 MOWAT STREET - NWS2011
  7. G Cobblestone Walk - 220 10TH STREET - LMS3880
  8. H Cobblestone Walk - 222 10TH STREET - LMS3880
  9. I Cobblestone Walk - 232 10TH STREET - LMS3880
  10. J Park Westminster - 340 9TH STREET - NWS161
  11. K St. Andrews Place - 1015 ST ANDREWS STREET - NWS522
  12. L The Stanford - 221 ELEVENTH STREET - LMS2287
  13. M Cobblestone Walk - 230 10TH STREET - LMS3880
  14. N Cobblestone Walk - 240 10TH STREET - LMS3880
  15. O Cedarhill Manor - 215 MOWAT STREET - NWS881
  16. P Kennedy Manor - 327 9TH STREET - NWS252
  17. Q Norfolk House - 815 FOURTH AVE - NWS286
  18. R Wiltshire Heights - 412 12TH STREET - LMS612
  19. S Norfolk House - 815 4TH AVE - NWS286
  20. T Sausalito - 202 MOWAT STREET - LMS3225
  21. U 216 9th Street - 216 9TH STREET - NWS2712
  22. V 1222 Cameron - 1222 CAMERON STREET - BCP1814
  23. W Lms 1568 - 413 13TH STREET - LMS1568
  24. X Amara Terrace - 1026 Queens AVE - NWS2333
  25. Y Magnolia Manor - 515 11TH STREET - NWS203
  26. Z Magnolia Manor - 515 ELEVENTH STREET - NWS203
View All Buildings in New Westminster

September 2021 Market Insights

August 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

July 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per cent increase from the 3,128 sales recorded in July 2020, and an 11.6 per cent decrease from the 3,762 homes sold in June 2021.

June 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

May 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold

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1 A new development will rise that will redefine its meaning to live in the most desirable cities in the world

 Inspired by European capital cities like Paris and London, Burrard Place provides a blueprint for the future of downtown living in Vancouver.

Joining One Burrard Place and The Offices at Burrard Place, the 2 Burrard Place tower is the final piece in Burrard Place’s master plan, which will dominate Burrard Street with its impressive full city block within the downtown beach district. 


This high-demand development in Vancouver’s up-and-coming city block is the
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2 Real Estate industry trends indicators of the overall health of the economy in 2021

The housing market has significant importance for the broader economy, accounting for 17.5% of the U.S. GDP in 2020.


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Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021


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4 CREA and RECO issued a notice about steering to over 93,000 real estate agents

"In addition to being illegal, the conduct undermines consumer protection, consumer confidence and the reputation of the real estate profession as a whole," said the notice.

Across the country, the National Realtor Code of Ethics, as well as provincial real estate laws, dictate that agents must act with honesty and promote the interests of the individual they represent. Some provincial laws, including in Alberta and Ontario, address the issue of steering specifically.


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5 Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

 It remains to be seen whether proposed tweaks can revive the much-maligned federal program

On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to home ownership for qualified first-time buyers.

Over two years after its introduction, though, the jury is still out on whether the First-Time Home Buyer Incentive, unveiled by the federal government in September 2019, has had any significant impact in addressing the mounting challenges faced by would-be homeowners across the country.

Figures released to Parliament in April painted a damning picture of the program, revealing that it had seen an uptake of just over 9,000 successful applicants since its introduction – with the $170 million released in incentives representing a small fraction of the program’s $1.25 billion overall value.

One of the most significant stumbling blocks in the incentive, which offers mortgage relief through a shared-equity program between homebuyers and the government, appeared to be the fact that ever-soaring house prices across much of Canada meant that it had little impact on prospective buyers in the country’s hottest markets.

While the government introduced changes to the program late last year – announcing increased household income and buyer’s income thresholds for Vancouver, Victoria and Toronto – those amendments still meant that the program’s maximum eligible home price remained well below the going rate in those markets.

The program has faced staunch opposition from the get-go, with Conservative MPs Tom Kmiec and Stephanie Kusie urging the government to scrap the scheme in May 2020 after it had been in operation for less than a year.

Read more: Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive

Still, the governing Liberals have stuck resolutely by the plan, announcing in their platform prior to September’s federal election – in which they were returned to government, having emerged once more as the largest party in Parliament – that they would retain and rejig the scheme if re-elected.

Under that platform’s proposals, changes to the program would give applicants a choice between the current shared-equity approach and a loan that’s repayable when the property is eventually sold – theoretically allowing new homebuyers to keep more of any increase in their home’s value while also reducing mortgage costs.

CanWise Financial president and RateHub co-founder James Laird told Canadian Mortgage Professional in recent weeks that the First-Time Home Buyer Incentive was an “illogical, complex program” that made little sense and should have been abandoned completely, rather than reworked.

In Newfoundland and Labrador, Robert Jennings (pictured top), owner and mortgage broker at East Coast Mortgage Brokers, said that while the scheme was often raised as a topic among clients, actual uptake had proven limited.

“I would say we have a fair amount of conversations, but it doesn’t lead to a lot of usage,” he said. “The usage rate is very low. I believe if I were to pinpoint it, the lean on the property [government involvement] would be really discouraging to a young, proud first-time homebuyer.

“I feel like maybe in Newfoundland in particular, there’s a home ownership pride that they don’t want to share or give up… Of course, there’s the eligibility issues as well. It seems like in a lot of cases trying to put a square peg in a round hole.”

Read next: What the Canada election result means for the mortgage industry

While Jennings said that the scheme had arguably fallen short in its attempts to create a smoother path to first-time home ownership, he believes efforts at a federal level to address the country’s growing housing affordability crisis are to be applauded.

“Everybody made it a big deal in their platforms – not just first-time home ownership, but home ownership in general and affordability,” he said. “I just really hope that they re-evaluate everything.

“They had good intentions, but I feel like they missed the mark. There’s no reason not to try; the problem’s not going away. I’d like to see what happens when the dust settles and I hope that it [the housing crisis] remains a priority, because they certainly made it seem like it would on the campaign trail.”

A good place to start, Jennings said, would be for the federal government to work collaboratively with stakeholders and those who work daily in the mortgage and housing industries – whether that be on changes to the stress test or potential longer-term amortizations.

“What I want is them not to do things blindly,” he said, “to embrace input, do their homework and try to get it done – but also get it done right.”

 

 

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