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Building & Condo information

Magnolia Garden

1988 Suffolk Ave


Port Coquitlam, V3B 1H2 VPQGL - Glenwood PQ

  • Levels: 4
  • Suites: 25
  • Status: Completed
  • Built: 2009
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: BCS3530
  • Management company:  Peak Property Management I
  • Phone  604-931-8666  
  • E-mail  admin@peakmail.ca  
  • Bldg#: 2376

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Magnolia Garden MLS® Listings

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Building Info

Magnolia Garden - 1988 Suffolk Avenue, Port Coquitlam, BC V3B 1H3, BCP30578 - Located on Suffolk Avenue and Cambridge Street in the popular Glenwood area of Port Coquitlam - a vibrant urban community filled with local amenities, entertainment venues, recreational facilities, schools, shopping and restaurants within a short distance. The notable landmarks around Magnolia Garden  are Aggie Park, McLean Park, Town Centre Skatepark, Blakeburn Park, Carnoustie Golf Club and PoCo Trail. Direct access to Lougheed Hwy and West Coast Express allows for an easy commute to surrounding destinations including Vancouver, Coquitlam and Pitt Meadows.

Magnolia Garden is close to Kwayhquitlum Middle, Terry Fox Secondary and James Park Elementary Schools, cole Des Pionniers, Poco Happy Times Preschool, Honey Bee's Child Care Center and wide variety of restaurants including Ginza Japanese Restaurant, Domino's Pizza, Dinakis Mediterranean Grill and many others. Just steps to Oxford Market, minutes to Costco.

Magnolia Garden is a four level complex built in 2009. It consists of 25 units featuring 9' ceiling, electric fireplace, in-suite laundry and big covered cedar deck. Complex amenities include stunning brick exterior, elevator and wheelchair access, underground parking, bike room and beautiful landscaping. Maintenance fees include caretaker, garbage pickup, gardening, recreation facility and management. Don't miss your opportunity to own this amazing home.

Strata Sub Categories: Strata
 

Magnolia Garden Technical Info

Building Name Magnolia Garden
Address 1988 Suffolk Ave
City Port Coquitlam
Neighborhood Glenwood PQ
Listing Price Range N/A
Floors 4
Units in Development: 25
Units in Strata:25
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2009
Developer Hesco Properties
Strata Website peakpropertymanagement.ca/
Management Peak Property Management I
  604-931-8666
  604-931-8686
 admin@peakmail.ca
Restrictions Details
Strata Plan BCS3530
Title to Land Freehold Strata
  

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

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Other Buildings in Complex/Area

  1. A Key West - 1999 SUFFOLK AVE - LMS2804
  2. B The Saphire - 1969 WESTMINSTER AVE - BCS3110
  3. C The Richfield - 1990 COQUITLAM AVE - LMS865
  4. D Oxford Place - 1955 SUFFOLK AVE - NWS3389
  5. E Portica West - 1966 COQUITLAM AVE - LMS916
  6. F Cambridge Gardens - 2983 CAMBRIDGE STREET - LMS427
  7. G The Arden - 1990 Westminster AVENUE - BCP37242
  8. H Coquitlam Place - 1948 COQUITLAM AVE - NWS1795
  9. I Wedgewood - 2050 COQUITLAM AVE - NWS2704
  10. J Suffolk Manor - 2055 SUFFOLK AVE - NWS1900
  11. K Kimmel Court - 2957 OXFORD STREET - NWS611
  12. L Burke View Manor - 2036 COQUITLAM AVE - NWS28
  13. M Tiffany Court - 2083 COQUITLAM AVE - NWS3321
  14. N 2023 Manning Ave - 2023 MANNING AVE - NWS1367
  15. O Shaughnessy Square - 2099 LOUGHEED HIGHWAY - LMS4193
  16. P Harmony - 1935 Manning AVENUE - EPS2734
  17. Q Oxford Gardens - 2880 OXFORD STREET - NWS1454
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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

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3 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.

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4 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.

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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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