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Magnolia Gate

22255 122nd Ave


Maple Ridge, V2X 3X8 VMRWC - West Central

Official Website: www.magnoliagate.com/index.html Marketers Website: www.coldwellbanker.ca Developers Website: www.minglian.ca
  • Levels: 4
  • Suites: 62
  • Status: Completed
  • Built: 2006
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: BCS2179
  • Management company:  Profile Properties Ltd.
  • Phone  604-464-7548  
  • E-mail  info@profile-properties.com  
  • Bldg#: 2863

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Magnolia Gate MLS® Listings

201 22255 122 AVENUE 2 Bed, 2 Bath,1165 Sqft.  $499,000 Sutton Group-West Coast Realty
413 22255 122 AVENUE 3 Bed, 2 Bath,1482 Sqft.  $599,000 Sutton Group-West Coast Realty
314 22255 122 AVENUE 2 Bed, 2 Bath,1114 Sqft.  $515,000 Regent Park Fairchild Realty Inc.
413 22255 122 AVENUE 3 Bed, 2 Bath,1482 Sqft.  $599,000 Sutton Group-West Coast Realty
(Nearby Listing)

MLS® Listings Summary (3) 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 R2610722 201 22255 122 Avenue 1 Storey 2 2 1,165 $496 $499,000 N/A
2 R2616226 413 22255 122 Avenue 1 Storey 3 2 1,482 $623 $599,000 N/A
3 R2557335 314 22255 122 Avenue 2 2 1,114 $454 $515,000 N/A
Listings Listed By:  1. Sutton Group-West Coast Realty    2. Sutton Group-West Coast Realty    3. Regent Park Fairchild Realty Inc.   
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

Magnolia Gate - 22255 122 Avenue, Maple Ridge, BC V2X 3X8, LMP15241 - located in West Central area of Maple Ridge, near the crossroads 112 Avenue and 222 Street. Magnolia Gate is only steps to Maple Ridge Secondary, Merkley Park, Erin Langton Elementary, Haney Shopping Centre, St. Patrick's School and Reg Franklin Park. Walking distance to Fletcher Park, Starbucks Coffee, Harry Hooge Elementary, Harry Hooge Park, Pionner Park, Epic Yoga and Fitness Studio, London Drugs, Save-on-Foods, Maple Ridge Public Library, Memorial Peace Park, Curves, Maple Ridge Arts Centre and Theatre, Municipal Hall, Haney Place Mall and Zellers. Take a short drive to Glenwood Elementary, Ridge Meadows Hospital, Holly Park, Laity View Elementary, Holly Park, Brickwood Park, Maple Ridge Museum and Maple Ridge Lawn Bowling Club. The residents of Magnolia Gate have easy access to Lougheed Hwy, Golden Ears Bridge and Pitt Meadows Bridge. The bus stops are within minutes of walk from the complex and Port Haney Station is a 5-minute drive distance. An award winning developer Minglian Hildings Ltd quality built Magnolia Gate in 2006. This four-level building has a frame-wood construction, vinyl exterior finishing and full rain screen. The exterior designed by Wayne Bissky, a professional architectural firm with more than 25 years of experience. Interior designer and marketer is Ronnie Laan, a Canadian award-winning interior designer and marketing specialist with 18 years of experience. The Magnolia Gate offers 62 units in development and in strata. You can choose between one bedroom, two bedroom, two bedroom+den and three bedroom homes that are ranging in size from 829 square feet to 1482 square feet. This building has 11 distinct floor plans, an elevator and secure underground parking with car wash station. Beautifully landscaped grounds will impress your with charming courtyard and gazebo. Most homes feature in-suite laundry, gourmet kitchens, appliance packages, electric fireplaces, granite countertops, crown moldings, spacious rooms and large balconies. Some homes boast spectacular mountain views. Magnolia Gate is still under 2-5-10 year warranty from St. Paul insurance.

Sales Centre: www.coldwellbanker.ca
Official Website: www.magnoliagate.com/index.html
Strata Sub Categories: Strata
 

Magnolia Gate Technical Info

Building Name Magnolia Gate
Address 22255 122nd Ave
City Maple Ridge
Neighborhood West Central
Listing Price Range N/A
Floors 4
Units in Development: 62
Units in Strata:62
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2006
Developer Minglian Holdings Ltd.
Architect Name Wayne Bissky Archite
Architect Phone 6044678300
Architect Email bissky@telus.net
Designer Laan Group
Official Website www.magnoliagate.com/inde
Strata Website www.profile-properties.com/
Management Profile Properties Ltd.
  604-464-7548
  (604) 464-1005
 info@profile-proper..
Restrictions Details
Strata Plan BCS2179
Title to Land Freehold Strata

Magnolia Gate Documents

  

Magnolia Gate Building & Common Area Photos

Magnolia Gate - 22255 122 Ave, Maple Ridge, BC
Magnolia Gate - 22255 122 Ave, Maple Ridge, BC
Magnolia Gate - 22255 122 Ave, Maple Ridge, BC
Magnolia Gate - 22255 122 Ave, Maple Ridge, BC

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

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Other Buildings in Complex/Area

  1. A The Gardens - 22277 122ND AVE - LMS1802
  2. B Wildwood Terrace - 12170 222ND STREET - NWS612
  3. C The Emerson - 22305 122 AVE - EPS5617
  4. D Mountain View Terrace - 22275 123RD AVE - LMS608
  5. E 12123 222nd - 12123 222ND STREET - NWS1615
  6. F The 222 Phase 1 - 12310 222 STREET - EPS3472
  7. G The 222 phase 2 - 12320 222 STREET - EPS3472
  8. H The Evergreen - 12207 224TH STREET - LMS3721
  9. I Maxx - 12283 224TH STREET - BCS3276
  10. J Cottonwood Place - 12206 224TH STREET - LMS873
  11. K Urbano - 12238 224TH STREET - BCS2621
  12. L Stonegate - 12258 224TH STREET - BCS2665
  13. M Stonegate - 12268 224TH STREET - BCS2665
  14. N Urbano - 12248 224TH STREET - BCS2621
  15. O Panorama - 12148 224TH STREET - LMS4011
  16. P The Colonial - 12296 224TH STREET - NWS2777
  17. Q Deer Creek Place - 12334 224TH STREET - NWS2464
  18. R Canuck Plaza - 12096 222 STREET - NWS133
  19. S Wildwood Terrace - 12170 222 STREET - NWS612
  20. T Cottonwood Place - 12206 224 STREET - LMS873
  21. U The Evergreen - 12207 224 STREET - LMS3721
  22. V Urbano - 12238 224 STREET - BCS2621
  23. W Urbano - 12248 224 STREET - BCS2621
  24. X Stonegate - 12258 224 STREET - BCS2665
  25. Y Stonegate - 12268 224 STREET - BCS2665
  26. Z Deer Creek Place - 12334 224 STREET - NWS2464
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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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3 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.

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4 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.

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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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