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Orizon On Third MLS® Listings
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Building Info
Orizon on Third - 221 East 3rd Street, North Vancouver, BC V7L 1E6, 6 levels, 104 units, estimated completion June 2014. Mantra by Intracorp is a 6 storey concrete and wood-frame apartment residence designed with LEED Silver equivalency and a relaxed, organic design aesthetic. Located on the south east corner of East 3rd Street and St. Georges Ave. in North Vancouver, Orizon on Third is within a 5-10 minute walk to the pedestrian friendly neighbourhood of Lower Lonsdale.
Designed by award-winning Ramsay Worden Architects, Orizon is a masterpiece of West Coast contemporary architecture with a unique combination of distinctive stone facades, huge expanses of glass and long horizontal roof lines in a lavish landscaped setting. Inside, its one, two, and three-bedroom plus den homes range from 596 to 1,161 sq.ft. and feature open-plan layouts, laminate flooring, radiant floors, spa-inspired bathrooms, and gourmet kitchens with LG stainless steel appliances, quartz countertops, ceramic backsplash, modern frosted glass cabinets, and Grohe faucets. Large patios and balconies invite outdoor entertaining, and many homes offer stunning views of the Pacific Ocean, the downtown Vancouver skyline and North Shore Mountains.
Orizon also offers great building amenities: fitness room with yoga area, large rooftop BBQ terrace, bike storage rooms, bike and car wash bay, and storage lockers.
Centrally situated in the Lower Lonsdale neighborhood, Orizon is only 4 blocks from the Seabus, Lonsdale Quay Market and the cafes and restaurants along Lonsdale Avenue; quick walk to IGA, Shoppers Drug Mart, John Braithwaite Community Center and Empire Theatre; a short drive to downtown Vancouver and nature surrounds like Lynn Canyon, Mount Seymour, Deep Cove, Grouse Mountain, and Capilano Suspension Bridge.
A strong spring start in the GTA: Can the market survive without rate-cut optimism?
According to the latest press release from the Toronto Regional Real Estate Board (TRREB), there’s been a quaint uptick in home sales and listings on both an annual and monthly basis, with selling prices making a shy nod upwards compared to the year prior.
This is ostensibly buoyed by population growth and what’s described as a “resilient” regional economy — phrases that seem to gloss over the ongoing saga of individuals grappling with the reality of higher borrowing costs, a souvenir from the Bank of Canada’s rate hikes.
Big data drives operating efficiencies as properties automate controls
Arthur Erickson Place is echoing the trees through a low carbon footprint that recently saw it designated a Zero Carbon Building by the Canada Green Building Council, which also administers the long-standing LEED (Leadership in Energy and Environmental Design) program.
A three-year decarbonization process that began in 2022 and completes in 2025 will reduce energy use by 40 per cent and cut carbon emissions by 97 per cent, or 600 tonnes annually.
Civil suits filed by B.C. Housing allege 13 of the units at Vivid at the Yates on Johnson Street went to people who already owned property, or who rented out their units instead of living in them.
One of the purchasers of a unit in a downtown building subsidized for first-time homebuyers already owned six single-family homes in the Victoria area worth more than $7 million, says a civil suit filed by B.C. Housing.
It’s one of several lawsuits filed by B.C. Housing against 13 people who bought condos in Vivid at the Yates at 845 Johnson St.
Canadians pause homebuying plans amid rising borrowing costs: Royal LePage
Over the past two years, the rising cost of borrowing has led many Canadians to reconsider their plans to buy a home.
A recent survey by Royal LePage, conducted by Leger, reveals that since the Bank of Canada started increasing its key lending rate in March 2022, 27 per cent of adults in the country have been active in the housing market. However, more than half of them (56 per cent) have had to delay their property search due to the surge in interest rates.
Real Estate Investment Rates: Cap Rate vs. IRR Explained
In the dynamic world of real estate investment, understanding the ebb and flow of interest rates is crucial. These rates, set by central banks and swayed by the broader economic environment, serve as the heartbeat of the market. They dictate not just the cost of borrowing, but also the very attractiveness of real estate as an investment option.
Exploring the real estate world without a keen eye on interest rates is like setting sail without a compass. Whether you’re a seasoned investor or just dipping your toes in the property market, grasping how these rates influence everything from property values to investment returns is key to making informed decisions. Let’s jump into the intricate dance between real estate and interest rates, and uncover how you can leverage this knowledge to your advantage.
Elegant ceramic tiled wall, shower and tub surround
Grohe faucet
Solid quartz countertop
Contemporary-styled cabinets
Features/Amenities from other sources
Elevator
Exercise Centre
In Suite Laundry
Rooftop Deck
Storage
Amenities info
Fifth floor rooftop terrace with BBQ area, gas fireplace and furnished lounge
Fitness room with yoga area?
Secure undergroung bike storage
Secure underground storage lockers
Bike and car wash bay
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2014
Levels
5
Construction
Frame - Wood
Rain Screen
Full
Roof
Other
Foundation
Concrete Block
Exterior Finish
Mixed
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 104
Units in Strata: 104
Strata Additional Info
STORAGE LOCKERS AND PARKING SPACES INCLUDED WTH ALL UNITS. BIKE STORAGE ROOMS ALSO EXIST.
There are only 3 additional spots for purchase in the whole building, which will likely be sold at $15,000 each. ?
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