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Electra

989 Nelson Street


Vancouver West, V6Z 2S1 VVWDT - Downtown VW

Official Website: theelectra.ca Marketers Website: www.cbowman.com
  • Levels: 21
  • Suites: 242
  • Status: Completed
  • Built: 1995
  • Title To Land: Freehold Strata
  • Building Type: Airbnb Compliant Building,strata
  • Strata Plan: LMS1866
  • Management company:  Self Managed
  • On Site Manager Contact: Alan Davis/Luc Boulliane, 604-488-0048, manager@theelectra.ca
  • Bldg#: 7074

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Electra MLS® Listings

1302 989 NELSON ST.. 2 Bed, 2 Bath,659 Sqft.  $696,000 Nu Stream Realty Inc.
314 989 NELSON STR.. 1 Bed, 1 Bath,614 Sqft.  $599,000 Macdonald Realty Westmar
3103 938 NELSON ST.. 1 Bed, 2 Bath,794 Sqft.  $1,150,000 Sutton Group-West Coast Realty
(Nearby Listing)
3305 938 NELSON ST.. 1 Bed, 2 Bath,789 Sqft.  $1,190,000 Team 3000 Realty Ltd.
(Nearby Listing)

MLS® Listings Summary (2) New Projects under Construction  Area MLS® Listings  Team Listings 
(Open houses highlighted in yellow)

MLS® Address Style BD BA Area Mnt Price F/Plan
1 R2616095 1302 989 Nelson Street Upper Unit 2 2 659 N/A $696,000 N/A
2 R2605623 314 989 Nelson Street Corner Unit, 1 1 614 $407 $599,000
Listings Listed By:  1. Nu Stream Realty Inc.    2. Macdonald Realty Westmar   
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

Electra - 989 Nelson Street, Vancouver, BC V6Z 2S1, Strata Plan No. LMS1866, 21 Levels, 242 Units, Built 1995. Located at the corner of Burrard and Nelson in Vancouver's downtown core, Electra is a solid heritage class building built in 1957 (formerly the BC Hydro headquarters) converted into strata units in 1995. Designed by award-winning Paul Merrick Architects, the building has been completely redesigned from inside out to create the unique residential conversion. Its memorable elongated diamond shape is a classic example of modernist architecture that has formed an integral part of the Vancouver urban profile for over 35 years.

Rising majestically 21 storeys, residents of Electra will enjoy a private drive off the street, a covered colonnade into the building and an unusually spacious grand entrance. As well, expansive elevator lobbies provide an elegant sense of arrival at
each floor. The building is one of just a few residential towers in Vancouver to offer air conditioning and three high-speed elevators designed for commercial use. The Electra's shallow distance from core to exterior wall creates suite layouts that
offer much wider panoramic views and - more window-space per square foot of suite area compared to conventional "deep-core" residences. Exceptional privacy is created by the placement of entry doors on only one side of the corridor with storage and laundry facilities conveniently located across from the suites. As a result of the new exterior glazing, suites will feature expanded window's enhancing magnificent views in all directions.

Residents of 989 Nelson also enjoy access to The Electra's Fitness Club, a private clubhouse featuring dry saunas, showers, and lockers, a billiards lounge, theater room, table tennis room, party room with full kitchen, outside patio with BBQ area.

The Electra's central location puts residents within walking distance of everything Vancouver's unique " downtown lifestyle has to offer. It's an easy stroll to work in the financial district after a morning run along the seawall. Or just a few steps to
the international boutiques along Robson and Burrard on the way home. For an impromptu dinner with friends, catch the aquabus to Granville Island for fresh food shopping at the public market. Select from fine restaurants along the downtown waterfronts or enjoy the many " casual cafes, coffee bars and pasta spots nearby on Robson. From the Electra, shopping at Pacific Centre a show at the Art Gallery, an evening of live theatre or miles of waterfront walkways and forest trails are all so close, you'll be wishing that you could have made this move sooner.

Sales Centre: www.cbowman.com
Official Website: theelectra.ca
Strata Sub Categories: AirBNB Compliant Building,Strata
 

Electra Technical Info

Building Name Electra
Address 989 Nelson Street
City Vancouver West
Neighborhood Downtown VW
Listing Price Range N/A
Floors 21
Units in Development: 242
Units in Strata:242
Property Types Freehold Strata
Sub Categories:Airbnb Compliant Building,strata
Year Built 1995
Developer Prime Tower Ltd.
Architect NamePaul Merrick Archite
Architect Phone 604-683-4131
Official Website theelectra.ca/
ManagementSelf Managed
On Site Manager Alan Davis/Luc Boul..
manager@theelectra.
Restrictions Details
Strata Plan LMS1866
Strata Plan Log-in LMS1866
Title to Land Freehold Strata
Emporis Electra
Contingency Fund $ $84050.58 as of (February 2021)
  

Electra, 989 Nelson Street - Suite Summary View All 

# Suite Address Postal S/L PID Plan No S/F BA BD
1 301 989 Nelson V6Z 2S1 12 019177241 N/A 617 sq.ft. N/A 1 Bedroom
2 302 989 Nelson V6Z 2S1 13 019177259 N/A 496 sq.ft. N/A 1 Bedroom
3 303 989 Nelson V6Z 2S1 14 019177267 N/A 496 sq.ft. N/A 1 Bedroom
4 304 989 Nelson V6Z 2S1 1 019177135 N/A 631 sq.ft. N/A 2 Bedroom
5 305 989 Nelson V6Z 2S1 2 019177143 N/A 330 sq.ft. N/A Studio
6 306 989 Nelson V6Z 2S1 3 019177151 N/A 496 sq.ft. N/A 1 Bedroom
7 307 989 Nelson V6Z 2S1 4 019177160 N/A 810 sq.ft. N/A 2 Bedroom
8 308 989 Nelson V6Z 2S1 5 019177178 N/A 617 sq.ft. N/A 1 Bedroom
9 309 989 Nelson V6Z 2S1 6 019177186 N/A 496 sq.ft. N/A 1 Bedroom
10 310 989 Nelson V6Z 2S1 7 019177194 N/A 496 sq.ft. N/A 1 Bedroom
Floor Plan Creator 

Typical Floor Plan (Click image to go to BCFP)

JPG VIEW

Typical Floor Plan (Click image to go to BCFP)

JPG VIEW

Complex Site Map 3(Click image to enlarge)

JPG VIEW     Go TO GOOGLE MAP     PDF VIEW

Complex Site Map 4(Click image to enlarge)

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Electra Videos

Condo for Sale by Ian Watt, 989 Nelson Street, Vancouver, BC
http://www.youtube.com/watch?v=i5553TdjVhQ

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

Google Street View
Google Map
Bing Areal View
Please click the image above to view respective full map. This will open in a new window.

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Other Buildings in Complex/Area

  1. A One Wall Centre - 938 NELSON STREET - LMS4456
  2. B Electric Avenue - 933 HORNBY STREET - BCS1433
  3. C Electric Avenue - 938 SMITHE STREET - BCS1433
  4. D The Canadian - 1068 HORNBY STREET - LMS4157
  5. E Wall Centre - 1050 BURRARD STREET - LMS1455
  6. F Wall Centre II - 1060 BURRARD STREET - LMS1455
  7. G Fortune House - 1010 HOWE STREET - LMS2586
  8. H Patina - 1028 BARCLAY STREET - BCS4016
  9. I Chancery Place - 847 HORNBY STREET - VAS1215
  10. J Vancouver Tower - 909 BURRARD STREET - LMS45
  11. K 938 Howe - Strata Office Building - 938 Howe STREET - LMS1997
  12. L Imperial Tower - 811 HELMCKEN STREET - LMS1631
  13. M Kelvin Court - 1042 NELSON STREET - VAS1764
  14. N Barclay Manor - 1060 BARCLAY STREET - VAS856
  15. O The Victoria - 1080 HOWE STREET - LMS1608
  16. P Nelson on the Park - 1075 Nelson STREET - VAP92
  17. Q Artemisia - 1102 HORNBY STREET - EPS1858
  18. R The Residences At 850 Burrard - 850 BURRARD STREET - VAS1323
  19. S Barclay x Thurlow - 1070 Barclay STREET -
  20. T The Heritage - 1075 COMOX STREET - VAP5332
  21. U Sterling - 1050 SMITHE STREET - BCS1180
  22. V The Nelson - 1070 NELSON STREET - VAS805
  23. W Barclay Terrace - 1075 BARCLAY STREET - VAS2702
  24. X City View - 1045 HARO STREET - VAS857
  25. Y Addition - 1133 HORNBY STREET - EPS4634
  26. Z Addition - 1155 HORNBY STREET - EPS4634
View All Buildings in Vancouver West

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

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

Mandarin 
# Article Publish Date Source
1 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.

Across the country, the National Realtor Code of Ethics, as well as provincial real estate laws, dictate that agents must act with honesty and promote the interests of the individual they represent. Some provincial laws, including in Alberta and Ontario, address the issue of steering specifically.


Real estate agents caught on hidden camera breaking the law, steering buyers f
2021/10/15 other
2 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.”

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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Can the First-Time Home Buyer Incentive be salvaged? #LesTwarog
2021/10/14 other
3 Discover in Surrey the New Bristol Estate transforming its neighborhood includes 6.27 acre property

The Surrey Centre Official Community Plan aims to transform the neighbourhood from a suburban town centre into a walkable, high-density and transit-oriented downtown for the South of Fraser region. The density and mix of uses is meant to create a city centre that is “more animated, livable and a place that thrives economically where residents can work, play, and live in their neighbourhood.”


New Bristol Estates in Surrey includes over 2,000 homes #LesTwarog
2021/10/13 other
4 Suspension against real estate agent Shahin Behroyan handed down in 2020 | B.C.’s Financial Services Tribunal

The real estate council didn't agree, arguing Behroyan's willingness to "defraud a client signals an issue concerning good character and suitability that represents a threat to the public, and a threat to public confidence in the real estate industry."


West Vancouver real estate agent loses appeal of five-year license suspension
2021/10/08 other
5 Be vigilant on the growing threat of cybercrime in Real Estate industry

What do mortgage professionals need to know about the increasing prominence of cybercriminals in Canada?


The growing threat of cybercrime in the mortgage industry #LesTwarog
2021/10/08 other
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