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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
Basalt - 5058 Cambie Street, Vancouve, BC V5Z 2Z5, Canada. Crossroads are Camvie Street and West 35th Avenue. An esteemed collection of 51 contemporary residences completes the fourth chapter in the continuing story of Pennyfarthing's Cambie Collection, and a legacy of landmark residential communities on Vancouver's West Side. Basalt makes a strong visual impact with its refined modernist design and admired location beside Queen Elizabeth Park. These one to three bedroom homes merge style with functionality, featuring bright interiors, and elegant finishes. Developed by Pennyfarthing Development Group. Architecture by Shift Architecture. Interior design by Portico Design Group.
Walking distance to Queen Elizabeth Park. Other parks nearby are Oak Meadows Park and VanDusen Botanical Garden. schools nearby are Eric Hamber Secondary School, Vancouver College, King David High School, Silbury School, Eaton Cognitive Improvement Centre, Ukrainian School-Taras Shevchenko, Montessori Children's Community, and John Oliver Secondary School. Grocery stores and supermarkets nearby are Safeway Oakridge, Oakridge Fish Market, Kin's Farm Market, and Safeway King Edward. Close to Bloedel Conservatory, Hillcrest Aquatic Centre, Nat Bailey Stadium, Vancouver Public Library, Terry Salman Branch, BC Children's Hospital, and Livingstone Lake.
Sales in BC for June are up 17% from last year. Listings in June are still below average.
Understanding the Buyer’s Agency Exclusive Contract
what are the information that need to know about the Buyer's Agency Exclusive Contract.
May 2020 Market Insights
Sales for May are up 34% from April and down 44% for May last year. Listings are down 37% from the same period last year, but 59% increase over April listings
BCREA Housing Market Update (June 2020)
Province May sales were down 45% compared to May 2019. Listings are down 10% year-over-year.
Real Estate Related News Articles(Sun and Province)Search News
While Bill 197 is unlikely to make headlines for its real estate components – it is an exceptionally broad piece of legislation – it could lead to increased costs for developers. Anyone who has dabbled in the new construction space will know what that means.
“At the end of the day, when they say ‘The developer has to pay this, and the developer has to pay that,’ there’s only one person who pays for that – that’s you and me who buy the house,” says Leor Margulies of Robins Appleby Barristers and Solicitors. “The developer doesn’t pay for anything. If the cost is too high, he doesn’t do the project. If the cost can be passed on in a purchase price, then the purchaser pays for that.”
The impact of Covid-19 increasing the rental availability in downtown Toronto
“The influx in inventory gives renters more options to choose from at a better price, which is a very different picture from last year when rental vacancies were at an all-time low.”
Approximately one million Canadians (4 per cent) said they are thinking of moving in with family.
Of those moving, by far the biggest trend are grown adults moving back in with their parents. About 1.5 million Canadians have said they have moved home due to the COVID-19 crisis, and 860,917 parents have said their kids have already moved back in.
Teranet-National Bank data report that housing market will slowdown
Teranet addressed the optimism shown in other reporting data. The organization remained cautious, however, about the state of Canada’s housing market.
“According to CREA, overall Canadian home sales returned to a more normal level, and this should be soon reflected in land registries,” the release reads. “But question marks still lie ahead. We expect the Canadian unemployment rate to remain elevated for a while. In this context, demand for housing may decrease due to a reduction in immigration and would-be first-time homebuyers not being able to qualify for a mortgage loan.”
The road to a full recovery, defined as economic activity reaching its pre-COVID-19 level, B.C
British Columbia is poised to weather the economic uncertainty of the COVID-19 better than all other provinces, according to a new report from Deloitte Canada.
“The B.C. economy will be the outperformer, posting the mildest downturn and returning to pre-COVID levels the quickest,” Deloitte Canada chief economist Craig Alexander wrote in a June 25 outlook.
The fourth phase in the Cambie Collection presented by local developer, Pennyfarthing Homes
51contemporary one-to-three bedroom condominium and townhome residences in a premier parkside location
The modern design by notable Shift Architecture incorporates a striking basalt exterior and cascading water feature
In close proximity to Cambie Village and Little Mountain, residents will enjoy daily amenities, local restaurants, and transit, all right at their fingertips
Shared indoor-outdoor amenity spaces, including a children’s play area, for hosting gatherings and entertaining friends
Private balconies or terraces with convenient gas connections for every home
Exquisite Interiors
Stylish interiors by Portico Design Group defined by open-concept spaces are ideal for luxurious daily living
Two modern colour palettes, Walnut or Blonde, to individually stylize homes
Expansive ceilings reach up to 9’, or 10’ in Penthouse Collection, creating a bright and airy ambiance
Air Conditioning for year round comfort
Rich hardwood flooring in Oak or Walnut stretch across main living areas
Wool-blend carpeting in the bedrooms provides a soft start to every day
Interior doors are solid and sophisticated
Energy efficient LG front-loading washer and dryer
Roller shades allow you to manage sunlight and preserve privacy
Serene Bathrooms
Contemporary wood cabinetry in Smoked Walnut or Ivory Oak
Polished quartz countertops & backsplash with undermount basin
Recessed cabinet lighting adds a relaxing and luxurious ambiance
Hytec acrylic alcove tub and polished porcelain tile surround for ultra relaxation
Elegant Statuario White 12”x 24” matte porcelain floor tiles
Water-efficient Duravit dual-flush toilet with soft-close feature
Grand Ensuites exude extra comfort and relaxation
– Vanities with full height integrated shelving – Frameless glass shower enclosure featuring marble mosaic floor tile, and matching recessed wall niche completed with a Grohe rain shower head and hand wand – Dramatic 24” x 48” white porcelain tiles seamlessly wrap the floors and walls – Nuheat in-floor heating for ultimate comfort
– 30” or 36” Energy Star French door refrigerator with custom cabinetry panels – 30” stainless steel five-burner gas cooktop with integrated slide-out hood fan, optional upgrade to 36” cooktop and hood fan combination in select homes – 30” stainless steel wall oven – 30” stainless steel speed oven combines classic oven functionality with microwave technology – Fully-integrated, panelled Energy Star dishwasher – Optional 24” Marvel high-efficiency under-counter wine fridge in select homes
Spacious acrylic cabinetry with convenient recessed lighting
Sleek polished quartz countertops and backsplash, together deliver a modern look
Expansive kitchen island with wood inlay detail in Ivory Oak or Smoked Walnut
Blanco stainless steel undermount sink paired with Starlight Chrome Grohe faucet and in-sink disposal
Elite Penthouse Collection
State of the art integrated Gaggenau appliance collection boasts:
– 36” Energy Star refrigerator with stainless steel interior – 36” five-burner gas cooktop with integrated slide-out hood fan – 24” Energy Star dishwasher – 30” stainless steel wall oven – 30” stainless steel speed oven with microwave technology
Seamless porcelain tiles cover floors and walls in bathrooms - 24” x 48” in ensuites, and 12” x 24” in secondary bathrooms
Private rooftop patios are lined with 24” x 24” paver stones, equipped with convenient gas and water connections, and boast panoramic views
Overheight ceilings reach up to 10’, providing ample natural light and open living spaces
Set your Mind at Ease
LEED Gold Certified
Enterphone for secured visitor access
Secured underground parking and bike storage included for every home
Comprehensive National 2-5-10 Home Warranty
Features/Amenities from other sources
Air Cond./central
In Suite Laundry
Playground
Roof Top Patio
Restrictions
Restrictions updated:
January 2011
Construction Information
Levels
6
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 51
Units in Strata: 51
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