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Building & Condo information

The Beach Club

194 Beachside Drive


Parksville / Qualicum, V0V 0V0 UI1225 - UIPQ Parksville

Official Website: parksvillebeachclub.com
  • Levels: 8
  • Suites: 56
  • Status: Completed
  • Built: 2009
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Bldg#: 9199

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The Beach Club MLS® Listings

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Building Info

The Residents at The Beach Club - 194 Beachside Drive, Parksville, BC V9P 2G5, 8 storeys, 56 units, built 2009, crossing roads: Beachside Drive and Corfield Street N. Developed by Victoria-based Sandcastle Holding Ltd., The Residents at The Beach Club is a eight-storey concrete tower located right on Parksville Beach in the heart of Parksville on Vancouver Island BC. The full ownership residences at the Beach Club are a prestigious landmark & most coveted address in Parksville.

This collection of one and two bedroom plus den condos ranging to over 2,500-square-feet features Elegant West Coast architecture. Contemporary interior design boasts 9-ft ceilings, engineered wood flooring, gas fireplace, oversized windows, sleek stainless steel appliances, polished granite-slab countertops and backsplash, flat panel wood cabinetry, and marble bathrooms with tile floors and electric in-floor radiant heat. Large balconies invite outdoor entertaining, and most suites offer stunning views of the Strait of Georgia.

The Parksville Beach Club includes two buildings: The Residents at the Beach Club tower, a 8-storey concrete tower offering full ownership; the beachfront Parksville Beach Club, a 9-storey, longer, lower building with 89 villas offering 356 quarter shares ownership. While each building has its own amenities including an indoor lap pool, deluxe whirlpool, Steam room, a fully-equipped fitness centre, lushly landscaped grounds, and secured underground storage lockers.

The Residents at The Beach Club, situated on the site of the historic Island Hall Resort, is just steps from the east coast of Vancouver Islands most magnificent Parksville Beach. There are also 6 fabulous golf courses all within a short drive & less than an hour away, the slopes of Mt. Washington.

Official Website: parksvillebeachclub.com
Phone: 1-866-330-7274
Sales Address: 194 Beachside Drive Parksville
Strata Sub Categories: Strata
 

The Beach Club Technical Info

Building Name The Beach Club
Address 194 Beachside Drive
City Parksville / Qualicum
Neighborhood UIPQ Parksville
Listing Price Range N/A
Floors 8
Units in Development: 56
Units in Strata:56
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2009
Developer Sandcastle Holdings Ltd
Designer Kimberly Williams
Official Website parksvillebeachclub.com
Restrictions Details
Title to Land Freehold Strata
  

Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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The Beach Club Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Mandarin 
# Article Publish Date Source
1 Major civic project funding on the line as Burnaby saw $175M shortfall in developer money last year

The City of Burnaby took in $175 million less than expected in developer money last year – and that spells trouble for the future of the city’s major community amenity projects.

Burnaby expected to pocket almost $237.2 million from developers in 2023, but the city only took in about $62.2 million, almost three-quarters less than expected, according to the city’s annual municipal report.

The city took in $250.7 million in 2022.

Through its community benefit bonus program, the city funnels the developer money into its reserves dedicated to affordable housing and community amenities like recreation centres, cultural facilities and space for non-profit organizations.


Burnaby saw $175M Les in Revenues from Developers for CAC’s
2024/05/11 Western Investor
2 Vancouver council open to increasing slots, table games at existing casinos

Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.

The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.


The Parq Cascino in Yaletown is allowed to have 600 slot machines and 75 table games
2024/05/10 The Vancouver Sun
3 The city has contributed more than $172 million to non-market housing in the form of land

The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.

The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.

The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.

The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.


These are the non-market rental housing projects developed on Burnaby-owned land
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According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.

In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.


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5 Canada’s New Housing Plan

The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.

The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.



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