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Building & Condo information

Riverside

1140 Burnaby Ave


Penticton, V2A 1G9 PENOK - Okanagan

Official Website: riversidepenticton.com
  • Levels: 3
  • Suites: 35
  • Status: Under Construction
  • Building Type: Strata Townhouses
  • Bldg#: 16379

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Building Info

Riverside - 1140 Burnaby Ave, Penticton, BC V2A 1G9, Canada. Situated at Wylie Street and Burnaby in the neighbourhood of Okanagan. Reverside is a new townhouse development by Azura Management. Architect designer  by GTA. Comprise of 35 luxury townhouse & 7 x 3-storey woodframe residential buildings. Each homes offering a two-car garage, open-concept living and dining, and rooftop and master bedroom decks. You can chose to customize your home at your needs, whether you need two bedrooms or four, a dedicated wine cellar or room for guests. Features include stainless steel Bosch appliances, a 10 NanaWall glass door, rooftop patios that can accommodate a hot tub and outdoor kitchen, and an optional elevator with select plans. Short walk to Lake Okanagan, where you can enjoy a variety of watersports or just relax on the beach. Behind is Pentictons trade & convention centre, events centre, community centre, arena, wine information centre, Cascades Casino, and Penticton Golf & Country Club.

 

Official Website: riversidepenticton.com
Phone: sales@riversidepenticton.com
Email: 1-236-422-1332
Sales Address: 201 Wylie Street Penticton, BC V2A 5Y2
Strata Sub Categories: Strata Townhouses
 

Riverside Technical Info

Building Name Riverside
Address 1140 Burnaby Ave
City Penticton
Neighborhood Okanagan
Listing Price Range N/A
Floors 3
Units in Development: 35
Units in Strata: 35
Sub Categories:Strata Townhouses
Year Built 0000
Developer AZURA Management Corp
Architect NameGTA Architecture
Official Website riversidepenticton.com
Restrictions Details
  

Riverside Building & Common Area Photos

Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
Riverside - 201 Wylie St - Development by Azura
More Pictures

Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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Riverside Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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

Mandarin 
# Article Publish Date Source
1 Do Realtors make too much money? What do you think?

Like any small business, what you pay them is not what they get. They have overhead that does not even include the overreaching tax rate they are susceptible to.

Most have to pay for staffing, office space, their split to their broker, franchise fees, a transaction coordinator, ongoing training and coaching, their car and gas, marketing, photos, signs and sign installation, software to run their business, client parties, advertising and on and on… You can see how the check collected at the closing goes away fast. 


Do Realtors make too much money? What do you think?
2024/02/26 other
2 New Property Transfer Tax exemptions for first-time buyers and new homes in BC

n an effort to improve housing affordability, three major changes are being made to the Government of British Columbia’s Property Transfer Tax (PTT) framework.

Firstly, the threshold to be eligible for the first-time homebuyers’ exemption will be increased from a fair market value of $500,000 to $835,000, with the first $500,000 exempt from the tax. The phase-out range for the complete elimination of the exemption will be $860,000, while properties with a fair market value under $500,000 will be completely exempt. These changes will start on April 1, 2024.


New Property Transfer Tax exemptions for first-time buyers and new homes in BC
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3 Budget 2024: B.C. introduces new home-flipping tax

Flipping Tax  

The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, including the federal anti-flipping tax. Exemptions will be available for certain life circumstances that might motivate the sale of a property within two years, including for added supply through the creation of rental accessory dwelling units. 

 

The BCREA Economics Department’s preliminary analysis estimates the flipping tax will decrease home sales by between 1-2 per cent over a three-year period. Given the relatively small impact, prices and housing attainability are essentially unchanged by the tax. This is unsurprising, given that short-term flipping represents a low share of sales activity (less than 2 per cent in both Vancouver and Victoria). 


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4 The BC NDP have walked back on changes to the province’s Land Act

The BC NDP have walked back on changes to the province’s Land Act, citing a need for more consultation and demonstrations of how shared decision-making with Indigenous governments will work.

“We need to take the time to further engage with people and demonstrate the real benefits of shared decision-making in action,” Water, Land and Resource Stewardship minister Nathan Cullen said in a statement announcing the pause. “We want to get this right and move forward together.”

The province announced plans in early January to revise the Land Act, launching a public consultation and engaging stakeholders, including ranching, resource and outfitting groups.


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5 Canada’s commercial real estate landscape is set for a “seismic shift” not seen since the early 1990s

While the high interest rates of 1982 ruined many, Bains said the downturn of 1993 was even worse for the Vancouver real estate market in terms of liquidity.

The liquidity challenges have returned in the current environment, where interest rates have risen faster and stayed high for longer than they did 40 years ago.

The result has been a reset in people’s expectations of the cost of capital, heralding a changing of the guard similar to the late 1980s and early 1990s.


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