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Opal MLS® Listings
174 438 W KING EDW.. 1 Bed, 1 Bath,801 Sqft. $1,198,000Rennie & Associates Realty Ltd.
578 438 W KING EDW.. 1 Bed, 1 Bath,645 Sqft. $899,000Sutton Group - 1st West Realty
578 438 W KING EDW.. 1 Bed, 1 Bath,645 Sqft. $899,000Sutton Group - 1st West Realty (Nearby Listing)
174 438 W KING EDW.. 1 Bed, 1 Bath,801 Sqft. $1,198,000Rennie & Associates Realty Ltd. (Nearby Listing)
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
Element Lifestyle Retirement - 438 West King Edward Avenue, Vancouver BC.
OPAL by element - located on King Edward Avenue between Cambie and Yukon Stree, next to the King Edward Canada Line station, within a couple of blocks are Hillcrest Community Centre and Queen Elizabeth Park. Estimated completion in Summer 2018.
There will be 43 condominiums and 56 rentals as Independent Living, all registered for Assisted Living so that residents can stay in their same suite as long as possible. Within the same residence are 30 units of Licenced Complex and Memory Care, one of which will be double occupancy. Element's founder and key executives are well respected and established leaders in this industry, known particularly for pioneering and perfecting the Continuum-of-Lifestyles model.
A total of over 30,000 square feet of amenities, both indoor and outdoor, offers programs that accommodate individual interests and passions. Taking an approach of engagement, OPAL by element very much welcomes and encourages residents to give input to shape programming of activities within our spaces - in advance of residence opening, but also to continue on an ongoing basis.
A natural wellness providing an oxygenated infrared sauna, hydrotherapy tub, experiential rainshower, and Himalayan rock salt walls creating negative ion environment within the sauna and movement studio. The movement studio will have a dynamic program including yoga, dance, TaiChi and QiGong. The rooftop patio, with views of downtown and QE Park, will be an area for outdoor exercise classes. It will have many planters for residents to grow herbs and vegetables that will supply our kitchen. To complement the gourmet fine dining program there will also be a wine and scotch tasting bar and a piano lounge. The art room will facilitate professional art classes, and the theater will accommodate avid resident musicians and dancers.
Due to the demographics of the neighborhood, the aim is to have Chinese-speaking staff. To complement widely popular Western activities and cuisine, there will also be sound-proofed Mahjong rooms and authentic Asian cuisine.
NOTE: Pricing on Assisted Living is for monthly rental, including accommodations, housekeeping and 2 meals a day. Additional personal or care support is charged either a-la-carte or by package, as resident prefers. Condominium owners pay property taxes and strata fees as for any condominium; the $1500 monthly membership fee is for access to amenities, programmed activities and meal credit. Care pricing will be established closer to opening for occupancy in Summer 2018. All fees are preliminary and subject to adjustment up until 6 months prior to opening.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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