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The Riviera

1185 Quayside Drive


New Westminster, V3M 6T8 VNWQY - Quay

Marketers Website: www.anson-realty.com/cgi-bin/listings/contact.cgi Developers Website: www.amacon.com
  • Levels: 20
  • Suites: 307
  • Status: Completed
  • Built: 1995
  • Title To Land: Freehold Strata
  • Building Type: Strata Condos
  • Strata Plan: NWS3385
  • Management company:  Associa British Columbia
  • Phone  604-591-6060  
  • Bldg#: 560

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The Riviera MLS® Listings

1205 1245 QUAYSIDE.. 2 Bed, 2 Bath,1274 Sqft.  $599,900 RE/MAX All Points Realty
1504 1245 QUAYSIDE.. 3 Bed, 3 Bath,1442 Sqft.  $799,000 RE/MAX Crest Realty
906 1185 QUAYSIDE .. 3 Bed, 2 Bath,1507 Sqft.  $799,800 Royal LePage West Real Estate Services
(Nearby Listing)
106 1150 QUAYSIDE .. 2 Bed, 2 Bath,1107 Sqft.  $599,500 RE/MAX 2000 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 R2627077 1205 1245 Quayside Drive Upper Unit 2 2 1,274 $546 $599,900 N/A
2 R2605856 1504 1245 Quayside Drive Corner Unit, 3 3 1,442 $629 $799,000 N/A
Listings Listed By:  1. RE/MAX All Points Realty    2. RE/MAX Crest 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

The Riviera - 1185 Quayside Drive, New Westminster, BC V3M 6T8, Canada. Strata Plan NWS3385 - located in central Quay area of New Westminster, at the corner of Quayside Drive and Reliance Crescent behind the boardwalk on the Fraser River. The Riviera is steps away from New Westminster Quay, boardwalk, IGA Market, New West Quay Public Market, Douglas College, and Plaza 88 shopping center. Also a few minutes to New Westminster Skytrain station, public transit, Hwy#91, and only 25 minutes away from Downtown Vancouver, Burnaby Brentwood Mall, and 15 minutes away from Metrotown, Lougheed Centre and Surrey Centre. Via highway 91, it is only 20 minutes driving to Richmond, Vancouver international Airport is just 30 minutes away. This highrise was built in 1995 with concrete construction and concrete exterior finishing. The Riviera consists of three towers 1235 Quayside Drive, 1245 Quayside Drive and 1185 Quayside Drive. Developed by Amacon Developement Company, Vancouver's one of the leading condo developers, the Riviera condos are a stylish combination of exceptional convenience and remarkable riverfront living. The Riviera mansions have many features including very functional floor plans, breathtaking panoramas from almost every home, oversize windows, over height ceilings, cozy living room with a fireplace, large kitchen with eating area, front load washer and dryer side by side in a nice size laundry room, spacious balconies and patios. In addition, the gorgeous amenities of the Riviera condos provide wheelchair access, a fitness facility, swimming pool, hot tub, sauna, a library, a party lounge room and guest suite, both of which can be rented for a nominal fee. Residents also have secured storage lockers, secure underground parking stalls, visitor parking and a lush greenspace courtyard to enjoy. 

Sales Centre: www.anson-realty.com/cgi-bin/listings/contact.cgi
Strata Sub Categories: Strata Condos
 

The Riviera Technical Info

Building Name The Riviera
Address 1185 Quayside Drive
City New Westminster
Neighborhood Quay
Listing Price Range N/A
Floors 20
Units in Development: 307
Units in Strata:307
Property Types Freehold Strata
Sub Categories:Strata Condos
Year Built 1995
Developer Amacon
Strata Website www.associaonline.com/locations/associa-british-columbia
Management Associa British Columbia
  604-591-6060
Restrictions Details
Strata Plan NWS3385
Title to Land Freehold Strata
  

Typical Floor Plan (Click image to go to BCFP)

JPG VIEW

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

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Other Buildings in Complex/Area

  1. A Anchor Pointe - 1135 QUAYSIDE DRIVE - NWS3089
  2. B The Riviera - 1235 QUAYSIDE DRIVE - NWS3385
  3. C Westport - 1150 QUAYSIDE DRIVE - NWS2747
  4. D Tiffany Shores - 1210 QUAYSIDE DRIVE - NWS2924
  5. E Tiffany Shores - 1220 QUAYSIDE DRIVE - NWS2924
  6. F Tiffany Shores - 1240 QUAYSIDE DRIVE - NWS2924
  7. G The Riviera - 1245 QUAYSIDE DRIVE - NWS3385
  8. H Quaywest - 31 RELIANCE COURT - NWS2494
  9. I Quayside Tower 2 - 1065 QUAYSIDE DRIVE - NWS2797
  10. J Tiffany Shores - 1230 QUAYSIDE DRIVE - NWS2924
  11. K The Promenade - 1250 QUAYSIDE DRIVE - NWS2824
  12. L Quayside Tower 1 - 1045 QUAYSIDE DRIVE - NWS2636
  13. M Dockside - 12 K DE K COURT - NWS2459
  14. N Plaza Pointe - 98 10TH STREET - NWS3436
  15. O Laguna Landing - 10 LAGUNA COURT - LMS2575
  16. P The Excelsior - 8 LAGUNA COURT - LMS108
  17. Q Laguna Landing - 12 LAGUNA COURT - LMS2575
  18. R Quayside Terrace - 3 K DE K COURT - NWS2363
  19. S Queens Terrace - 1035 AUCKLAND STREET - LMS1855
  20. T Quayside Terrace - 5 K DE K COURT - NWS2363
  21. U Westminster Towers - 55 10TH STREET - LMS729
  22. V The Royalton - 850 ROYAL AVE - BCS318
  23. W Q - 1 RENAISSANCE SQUARE - BCS3207
  24. X News - 833 AGNES STREET - BCS1809
  25. Y Westminster Towers - 838 AGNES STREET - LMS729
  26. Z Discovery Reach - 211 12TH STREET - LMS2687
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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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.”

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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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