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Lions Bay - Sea to Sky Listings
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With quality, ocean view real estate at historical low levels, I am pleased to present four gorgeous listings on the beautiful Howe Sound. Please contact me for more information.
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310 Kelvin Grove Way - $2,200,000
Exceptional ocean views from this gorgeous 4 bedroom, 4 bathroom contemporary home on the market for the first time. Set in Kelvin Grove this family home has many wonderful elements including open plan kitchen, vaulted ceilings, two wood burning fireplaces, office, enormous mud room, workshop, double garage, expansive entertainment decks, hot tub, sauna, a level lawn for children and/or family pets (a unicorn in Lions Bay!), landscaped gardens and so much more. All this in a home with the most wonderful, unobstructed westerly view of Howe Sound and the Gulf Islands!
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3,476 sq ft Home
4 Bdrms / 4 Bath
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11,850 sq ft Lot
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280 Bayview Road - $1,299,000
This newly-renovated ocean view home is more than meets the eye. Taken down to the studs, recent renovations include electrical and structural overhaul, full custom kitchen (quartz counter, stainless appliances, pot lighting, and custom cabinetry), beautiful bathroom renovations, and much more. Four bedroom, 4 bathroom in total (with an ability to suite immediately). A flat drive with off-street parking for up to 5 cars. Never to be lost Howe Sound views. Perfect for the young family or downsizer looking for one level living. Act fast as this one won't last!
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2,713 sq ft Home
4 Bdrm / 4 Bath
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9,052 sq ft Lot
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Exclusive Listing - Furry Creek - Price upon Request
VANCOUVER OCEAN VIEW LUXURY INVESTMENT HOME. GOLF COURSE LIVING AT ITS FINEST!! Sleek contemporary, designer home with unobstructed panoramic ocean views (see drone video), loaded with quality features & creature comforts. This architecturally designed home is a work of art with polished stone floors, soaring 2-level sky-lit foyer, floor to ceiling glass, vaulted & coffered ceilings, top floor master & luxurious 5 piece master ensuite bathroom, gourmet style kitchen with built-in ovens & granite countertops, formal living & dining rooms, private home office, family room, games room with billiard table, media room, two (2) hot tubs, an 8 person steam room/shower & sauna! An entertainers dream! 5,000 sf of luxurious living space on 3 levels located on a private, 16,814 sf gently sloped lot. For the car enthusiast or simple car owner a two (2) car garage with more parking for up to six (6) cars and a studio. The heating and cooling systems are first rate. The floors are heated by a seven (7) zone hot water heating system powered by German boiler technology and the house serviced by a super economical fresh air-to-air heat exchange. Finally, not only is this home an entertainer’s dream but a stellar investment with a 2 bedroom revenue suite with separate entrance that achieves incredible nightly rates on AirBNB. One of the finest custom-built homes at Furry Creek within walking distance to the Furry Creek Golf Course and situated halfway between Vancouver and Whistler ski resort (frequently voted the best ski resort in North America). Furry Creek Golf Course has a fine dining restaurant and the developer has major expansion plans to include restaurants, shopping and a community centre. Importantly NO FOREIGN BUYER TAX! NO SPECULATION TAX! NO VACANCY TAX!
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5,005 sq ft Home
3 Bdrm / 3 Bath
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16,814 Sq.Ft. Lot
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Exclusive Listing - Oliver's Landing - Price upon Request
Furry Creek and Howe Sound beauty! Just 10 minutes north of Lions Bay, "Oliver's Landing" is an intimate, gated, oceanfront community in Furry Creek. This wonderful 3 Bed/3 Bath two-level townhome features vaulted ceilings, open concept living, high-end finishes, a private outdoor entertaining patio & two car garage. The recreation centre includes and indoor pool, sauna, Jacuzzi, pool table & state of the art gym. Close to Furry Creek Gold course & hiking trails or stroll the scenic waterfront path known as the "Furry Creek sea wall". The owners have made tasteful improvements to an end unit that receives abundant sunlight. Only 40 minutes to downtown Vancouver & 45 minutes to Whistler, The perfect waterfront downsizer lifestyle or for the young family outgrowing a condo. Moorage buoys included.
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2,409 sq ft Home
3 Bdrm / 3 Bath
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2 Car Garage
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20 Oceanview Road - Listed at $1,549,000
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110 Mountain Drive - Listed at $1,828,000
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"Listing this Spring? Call me for a free market appraisal and find out how I market homes differently."
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Bank of Canada Moves to Improve
Borrowing for Buyers
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What a difference a year makes. This time last year buyers were sitting on the fence waiting for a price correction in the real estate market. A 5 Year fixed mortgage rate was around 3.60%. Today the market is moving and a 5 Year fixed mortgage rate is 2.69%.
On March 4, 2019 the Bank of Canada dropped its overnight lending rate by 0.50% to 1.25% (where it hadn’t been since October 2018) due to fears of a deepening economic downturn caused by the coronavirus. This means prime is now at 3.45%, down from 3.95%. Further reductions are expected in 2020.
This is good news for variable rate mortgage holders and those with Home Equity Lines of Credit. Those with variable rate mortgages will see their monthly payments drop by about $24 per $100,000 of mortgage.
Those looking for fixed mortgage rates will also see more attractive rates due to the dramatic fall in Canadian bond yields over the past few weeks.
Here is an example:
A $1,000,000 5 Year mortgage on a 30-year amortization:
A week ago, the rate was 3.09% which correlated to a $4,254 a month payment.
Today, the rate is 2.69% and $4,042 a month, a $212 a month savings.
That’s almost $19,000 in interest saving over the 5 Year term!
Interest rate offerings are complicated with insured vs insurable, fixed vs variable, loan to value restrictions, etc. It is important, now more than ever, to seek the advice of a professional mortgage broker.
Please feel free to contact Mortgage Dave should you wish to review your personal situation (Content provided by Mortgage Dave - Dave@MortgageDave.ca)
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