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Oakridge Center Redevelopment

650 41st Ave


Vancouver West, V5Z 2M9 VVWOA - Oakridge VW

Official Website: www.oakridgevancouver.ca Developers Website: www.westbankcorp.com
  • Levels: 6-44
  • Suites: 2914
  • Status: Under Construction
  • Built: 2019
  • Title To Land: Freehold
  • Building Type: Strata
  • Strata Plan: PL54769
  • Bldg#: 10205

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Building Info

Developed by Westbank and designed by internationally heralded architects Henriquez Partner, The Oakridge Centre redevelopment will be  a mixed-use, transit-oriented  community with 14 towers,  a broad range of retail, over 1 million square feet of retail space all surrounded by lush community gardens, running trails, civic center, public plazas, and community common amenities. The building owner is the real estate company Ivanhoe Cambridge 

The Oakridge redevelopment will occupy the 28 acres of land at 41st Ave and Cambie Street in the Oakridge neighborhood of Vancouver West.  The new development plans are as below. 

-Residential plans for Oakridge Centres Redevelopment

        -Totally 14 residential buildings (2914 units)

        - The buildings range from 6 to 44 floors.

        - 7 of the 13 buildings are considerably tall and two of the towers are slated to be over 40 floors. There will be quite a few 3-bedroom units available, the largest being 1450 square feet, along with the usual mix of 1-bedroom and 2-bedroom units. In total 2,697,000 square feet of residential space is proposed for the site. If completed, the area will be home to approximately 7,000 new residents. 

-Retail expansion plans for Oakridge Centres Redevelopment 

-Office plans for Oakridge Centres Redevelopment

       -The office component will add an approximately 400,000 square feet of office space spread out over three mixed-use (residential and office combined) buildings. 

-Public Plazas with Civic Center for Oakridge Centres Redevelopment 

-Transit Plaza, Neighborhood Plaza, Civic Plaza and Central Court/The Hight Street

       -A 70,000 square foot civic center including a 25,000 square foot library, and a 9,000 square foot daycare. 

-Common Public Spaces for Oakridge Centres Redevelopment

           -Water Art Garden, Dining Terraces, The Recreation Room, Children Play Area, Community Gardens, Seasonal Gardens, and Half Mile Loop. 

Located on the Oakridge Shopping Center at the Oakridge-41st Canada Line Skytrain Station, there is simply no better address in the Oakridge neighborhood.  Steps to public library, Queen Elizabeth park, VanDusen Botanical Garden, and Langara College; Minutes to Downtown Vancouver,  Metrotown Shopping, and South Granville shopping area.

Official Website: www.oakridgevancouver.ca
Phone: 604-416-8852
Email: wenda@oakridgevancouver.ca
Sales Address: 650 W. 41st Ave. Vancouver, BC
Strata Sub Categories: Strata
 

Oakridge Center Redevelopment Technical Info

Building Name Oakridge Center Redevelopment
Address 650 41st Ave
City Vancouver West
Neighborhood Oakridge VW
Listing Price Range N/A
Floors 6-44
Units in Development: 2914
Units in Strata:2914
Property Types Freehold
Sub Categories:Strata
Year Built 2019
Developer Westbank Projects Corp
Architect Name Henriquez Partners A
Architect Phone 604-687-5681
Architect Email jtod@henriquezpartners.com
Official Website www.oakridgevancouver.ca
Restrictions Details
Strata Plan PL54769
Title to Land Freehold

Oakridge Center Redevelopment Documents

  

Oakridge Center Redevelopment Building & Common Area Photos

Oakridge Centre Public Commons
Oakridge Centre Plaza
Oakridge Centre Mall
Oakridge Centre Tower
Oakridge Centre
Oakridge Centre From W. 41st Avenue
Oakridge Centre Phase I
Oakridge Centre Water Features
OakRidge Redevelopment Display Model
OakRidge Redevelopment Display Model
OakRidge Redevelopment Display Model
OakRidge Redevelopment Display Model
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Oakridge Center Redevelopment Videos

Oakridge Redevelopment Model
Oakridge redevelopment Model Video 2

Oakridge Center Redevelopment Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A The Terraces - 5733 CAMBIE STREET - VAS1499
  2. B Sergio Castiglia x Oakridge - 650 West 41st AVE -
  3. C The Palazzi at Oakridge - 650 West 41st AVE -
  4. D Legacy Senior Living - 611 West 41st AVE - BCP50814
  5. E Clemande at Oakridge - 650 West 41 AVENUE -
  6. F Kingsford Court - 488 West 40TH AVE - LMS1738
  7. G 5888 Cambie - 5888 Cambie STREET -
  8. H 41 West - 675 West 41st AVE - PL52378
  9. I 41 West - 655 West 41st AVE - PL52378
  10. J Coco Oakridge - 5733 Alberta STREET -
  11. K Fairchild Court - 688 FAIRCHILD ROAD - LMS1751
  12. L Towne - 5812 TISDALL STREET - BCS1471
  13. M Towne - 5808 TISDALL STREET - BCS1471
  14. N Towne - 5818 TISDALL STREET - BCS1471
  15. O Oakmont Housing Co Ltd - 5926 TISDALL STREET - VAP9935
  16. P Oakridge Towers - 6026 TISDALL STREET - VAP9935
  17. Q Mansion House - 6076 TISDALL STREET - VAP9935
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May 2020 Market Insights

BCREA Housing Market Update (June 2020)

Province May sales were down 45% compared to May 2019. Listings are down 10% year-over-year.

Market Insights April 2020

April Sales in COVID-19 time were down 40% from same period last year. Listings were also down by 60% from the same period last year.

BCREA Housing Market Update (May 2020)

Sales across BC fell 50% in April. Listing are down by 43%

March 2020 Market Insights

March sales were up 46% above last year. Listings are down 35% from last year

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

Mandarin 
# Article Publish Date Source
1 Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago

The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 11,424. That's 23.7 per cent down from the 14,968 homes that were listed for sale in June 2019, but up 15.1% per cent from the 9,927 listed properties in May 2020.

 

For all property types, the sales-to-active listings ratio for June 2020 was 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments. Real estate insiders tend to describe the market as a “buyers’ market” when the sales-to-active-listings ratio is less than 12 per cent, and a “sellers’ market” when that ratio is above about 20 per cent for several months in a row.

 

Sales of detached homes in June reached 866, up 16.1 per cent from the 746 detached sales recorded in June 2019. The benchmark price for a detached home was $1,464,200, up 3.6 per cent from June 2019, and up 0.5 per cent from May 2020.


Prices steady as resale home in Metro Vancouver housing sales on June-Q2, incr
2020/07/08 Western Investor
2 RE/MAX: COVID-19 can’t slow demand in Toronto real estate market

COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.

While employment levels have fluctuated and businesses have placed themselves on hold over the last few months, “at the same time, there has been sustained activity in the number of buyers compared to available listings,” RE/MAX said. “This is one of the chief factors in supporting price growth relative to last year’s pace, despite shifting market conditions.”


RE/MAX: amidst the Pandemic Toronto Real estate market is growing #LesTwarog
2020/07/08 Mortgage Broker News
3 CoreLogic launches AI driven platform for real estate agents

CoreLogic said that OneHome streamlines communication between agents and home buyers during the purchase process, while also providing access to financing, insurance and home improvement providers.


OneHome streamlines communication between agents and home buyers #LesTwarog
2020/07/07 other
4 Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.

Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hosted movie stars and served as a movie-set location.


Telling tale of two hotel sales In Victoria, an award-winning waterfront prope
2020/07/06 Western Investor
5 Homebuyers pulling the trigger in the Fraser Valley and beyond

"June’s numbers clearly indicate that the market is functioning in this challenging new environment and we’re returning to more typical activity levels." — Chris Shields, president of the Fraser Valley Real Estate Board


The Fraser Valley’s affordability and lifestyle a magnet for home buyers #LesTwarog
2020/07/05 The Province
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