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Building Info
Regatta at 2118 128th St, Surrey, BC V4A 3V6 Canada. Nearest crossroads are 128th Street and 22nd Avenue. This is a new single family home development by Lakewood. Sales for available units range in price from $1,209,900 to $1,249,900. Have a total of 12 units, with 3 quick move-in homes currently for sale. Sizes start at 2606 square feet.
Ocean Parks only new semi-detached homes. These contemporary beach homes were designed with a growing family in mind featuring 4 bedrooms plus den, 3.5 bathrooms, a private fenced backyard, detached garage, and an additional parking pad. Regatta is located only minutes from all the neighbourhood conveniences and amenities this small seaside community has to offer. Live an inspired lifestyle full of fresh air, open spaces, and seaside beaches. Create a lifetime of memories at Regatta in Ocean Park.
Sales Centre: www.axisrealestate.ca Phone: 604-385-2160 Sales Address: 2114 128th Street
Strata Sub Categories: Strata Townhouses
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.
EXTERIORS • Coastal architectural design with extensive detailing such as entrances with front porches, detailed columns, wood trims, Hardie™ shake and plank siding, shutters and decorative louvres. • Serene outdoor living with lush landscaping and garden hose bibs on both sides. • Convenient patios with gas BBQ hook up off the main level of living. • Single car garage plus additional parking pad with lane access.
INTERIORS • Four spacious bedrooms ranging up to 2,606 sf including a fully finished lower basement. • Spacious open floor plan featuring soaring 9-foot ceilings on the main floor with oversized windows allowing natural sunlight to brighten your home. • Recessed pot-lights throughout the main level. • Elegantly designed interiors feature designer-selected colour palettes to choose from. • Beautiful doors and closets accented with brushed chrome Taymor® hardware. • Luxurious vinyl hardwood-style floors unite the entry, kitchen, dining and living spaces, while plush carpeting adds comfort to the stairs and upper floor. • Sleek, modern tile in powder, main bath, ensuite, and laundry room. • Retreat to your master suite complete with spacious walk-in closet and deluxe 5-piece well-appointed ensuite. • Generously sized basement for entertaining and future growth.
KITCHENS • Designer selected quartz countertops and ceramic tile backsplash plus a large kitchen island. • Soft-close shaker cabinets and drawers complimented with stainless-steel Richelieu hardware with under cabinet lighting. • Large pantry, full depth cabinets and deep pot drawers for ample kitchen storage. • Stylish pendant lighting suspended over island. • Double-basin undermount stainless-steel sink with sleek Kohler ® single-lever faucet and handy pullout vegetable spray with flex line. • Premium stainless-steel kitchen appliances featuring: − Large capacity Samsung 36” French door fridge with ice dispenser. − KitchenAid® contemporary 30” stainless steel slide-in gas convection range. − KitchenAid® chimney hood fan with superior capture efficiency. − KitchenAid® dishwasher with optimum wash cycles. − Built-in Panasonic microwave with matching stainless-steel trim.
BATHROOMS • Durable shaker style cabinets with quartz countertops and undermount sink. • Convenient main floor powder room with shaker cabinetry and glass vessel sink. • Luxurious main bath with large back-lit vanity, durable shaker style cabinets, quartz countertops and undermount sink plus deep soaker tub/shower combo with tile surround. • Sleek chrome Delta™ faucets add a touch of sophistication. • Polished chrome bathroom Taymor® hardware. • Comfort height dual-flush toilets by Kohler®. • Master ensuite features a deluxe stand-alone soaker tub, frameless glass shower with handset tile surround, Nuheat® flooring, plus large back-lit vanity with dual sinks. • Basement comes complete with full 3-piece bathroom.
SAFE, SECURE AND CONVENIENT • Fully supported by a full-time service team and the Travelers Canada Home Warranty that includes: − 2 Year Material and Labour Warranty. − 5 Year Building Envelope Warranty. − 10 Year Structural Defects Warranty. • Lakewood is a licensed residential builder with the Home Protection Office of British Columbia and is a proud member of the Greater Vancouver Home Builder’s Association. • Built-in smoke and carbon monoxide detectors for your safety. • Energy efficient Low-E double glazed windows with 2” faux wood blinds. • High-efficiency gas furnace with programmable thermostat and electric hot water tank. • Rainscreen protection system for weather durability. • 30-year manufacturer’s limited warranty on roof shingles for maximum durability, low-maintenance and attractive exterior design. • Fitting laundry rooms with full size, front-loading Samsung washer and dryer, cabinetry and linen storage. • Built-in closet shelving and organizers in entry and master bedroom closets.
OPTIONS • Personalize your home by choosing from two professionally designed colour palettes to reflect your individual taste and style. • Complete vacuum installation and accessories. • Full bar with sink, cabinetry and enclosed barfridge to entertain in your basement. • Air-conditioning unit for cool summer nights.