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South Village Phase 1 MLS® Listings
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Building Info
South Village at 16467 23A Ave, Surrey, BC V3Z 1E9 Canada. This is a new townhouse development by Red Construction. The development was completed in 2020. Sales for available units start from $779,000. South Village Phase 1 has a total of 20 units. Sizes start at 1643 square feet.
South Village homes are well appointed and modern with classic-white shaker cabinets, bright quartz countertops, Blanco Farmhouse sinks with Moen black matte pull-down faucet, and a stylish kitchen island with high-top seating. Stainless steel Fisher & Paykel appliance package featuring French door refrigerators with Twin Cooling Plus, 5-Burner gas range stove, and Fingertip controlled, adjustable-rack dishwasher and sleek tile backsplash options. The opulent bathrooms are all outfitted with Kohler & Moen plumbing fixtures. All to suit your familys lifestyle.
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.
Townhome Features • Collection of 60 family townhomes with spacious garages for two vehicles • Choice of two designer colour palettes by renowned local design consultancy: Beyond Beige Interior Design • Nostalgic white brick/panel exterior, nicely contrasted by black metal window frames and black-clad roofs • Exterior landscaping design by award-winning PMG Landscape Architects • Exclusive amenity building and park for all residents • Generous deck and patio spaces • Backyard fences create additional privacy and define the perimeter
Custom Options • BBQ hookups for entertaining and to enjoy outdoor living • EV plug-ins installed within garage • Year-round comfort control with energy efficient heating and air conditioning
Amenity Building & Playground • Multi-use, private lounge facility for all residents equipped with wifi, pool table, kitchenette and comfortable lounging area • Outdoor children’s playground area
Contemporary Interiors • Two-custom palettes from Beyond Beige: ‘Meadow Mist’ and ‘Harvest’ • High-efficiency, forced-air heating for evenly distributed warmth and a wonderfully comfortable home • Elegant wide-plank laminate flooring in living, dining, and kitchen areas • Generously-sized closet and storage spaces for family living • 9’ ceilings contribute to feelings of grandeur and spaciousness • Electric fireplace in the living room from the Amantii Panorama Long, and Slim Series
Family-sized Kitchens • Classic white, quartz countertops • Modern stainless steel undermount sink with Moen black matte pull-down faucet • Stylish kitchen island with high-top seating in select homes • Stainless steel Samsung appliance package featuring: · French door refrigerators with Twin Cooling Plus™ · 5-Burner gas range stove · Fingertip controlled, adjustable-rack dishwasher
Security & Peace of Mind • Comprehensive 2–5–10 Year New Home Warranty • Smoke detectors and in every home and amenity space • High-efficiency, forced air gas furnaces • Electric hot water tanks in each home • Pre-wired security system in all homes • Wireless operated wifi garage doors
Opulent Bathrooms • Classic white shaker profile cabinetry with classic white, quartz countertops • Ensuite boasts of spa-influences, including a luxurious, frameless shower enclosure • Clean alcove-style bathtubs in secondary bathrooms, framed by textured designer tile feature • Kohler dual-flush toilets • Professionally designed lighting and vanity mirror package • Moen black faucets, shower head and trim • Main floor powder room with designer touches