AdamGoss.ca

AdamGoss.ca

Personal Real Estate Consultant

# 702 615 BELMONT ST – NEW WESMINSTER – V926350

Located in prime Uptown New Westminster, this modern 915 sq. ft. condo is one-of-a-kind, offering a cool, loft-style feel – without the pricetag!

This unit is perfect for a first-time buyer or young, urbal professional.

The condo has a very modern and functional layout, with consistent wide planked laminate flooring throughout the open concept living and dining space. The stylish kitchen is outfitted with unique butcher block countertops, gorgeous glass tile backsplash, blanco sink, and stainless steel appliances.

With southern exposure, you will enjoy gardening, barbequing, and entertaining year-round on your massive, private rooftop balcony.

Just steps away from grocery stores, restaurants, and entertainment, the Uptown area of New Westminster offers convenient living at a reasonable price. The unit is located just off of 6th Street, with easy access to buses and the New Westminster SkyTrain station.

If you have any questions or would like to schedule a private viewing, please do not hesitate to get in touch!



#504 11 East Royal Ave – Victoria Hill – New Westminster – V924864

Victoria Hill is one of New Westminsters lone master planned communities. Since the first building went up at 14 E Royal in 2006, we have seen the old Woodlands site evolve and Onni’s concept take form.

From the onset it has been Onni’s goal to “reinforce the existing natural splendour” throughout Victoria Hill. In the early stages this was a little difficult to imagine if not looking over the models. The public greenspace within Victoria Hill is intended to maximize the residents enjoyment of the immediate surroundings. Today many of Victoria Hill’s pathways have taken shape and we are seeing residents enjoying the space for just that. Some of the surroundings new residents will enjoy most are:

  • Glenbrooke Ravine Parkland – 15 acres of ravine parkland just to the North and accessible through improved pathways.
  • Queens Park – New Westminsters “flagship” park space is easily accessible to the West via Onni’s Mcbride Overpass investment.
  • Sapperton Landing –  A 1km waterfront walk with bridges, benches, and a dock. Located beyond the Grand Lawn to the east.

The unit offered for sale is located in 11 East Royal. One of the first two concrete high-rises built in 2007 it is easily accessible as you enter Victoria Hills south entrance. As an ’04 floor plan this unit enjoys likely the best exposure in the building facing North, North East, towards the Fraser River. With this location you will be free from any traffic noise, looking out into the grounds and towards the Grand Lawn, as opposed to Royal Ave or McBride Blvd.

When you walk in to the unit your eye is immediately drawn out the large floor to ceiling windows that span the width of the unit. This open living space is very comfortable and makes great use of all available square footage. You have a huge deck with two sliding doors that centres the unit and is enjoyed as an extension of the living space. The two bedrooms at opposite sides of the living space sets up very well for a small family or any family/friends that may stay for a period of time. It really is a great layout.

Your master suite has an elegant 5 piece ensuite bathroom, with his and her sinks and stand alone shower, walk in closet too of course. No trouble fitting a king size bed, side tables, and an armoire in this room. The size and natural light is really nice.

For anyone who’s lived in a condo before you will know the importance of storage space. The units design definitely provides for an ample amount. The panty/storage/laundry room just off the kitchen is quite large, it’s home to brand new front loader washer and dryer, and some nice built-in shelving.

This is a very nice home, in a quality building, and a great neighbourhood. Take some time to review the listing details and pictures here. You may also like to check out Onni’s Victoria Hill homepage for more details on the overall community plan. If you have any questions or would like to schedule a private viewing please do not hesitate to get in touch!

Is the Average Home in New West’s Queens Park Really Worth Over $1 Million?

BC Assessment just released this year’s property tax assessments, announcing New Westminster’s tax roll will be increasing from $12.352 billion to  $13.070 billion. I’ve operated under the belief that one can expect a 5% yearly property value increase over the long term in the Lower Mainland real estate market. However, the increase in this year’s tax roll suggests that an average increase of 5.8% was seen in New West property values from July 1, 2010, to July 1, 2011. I believe this is probably correct on an average basis. But is it possible that the low assessments are too low, and the high assessments are too high?

If you were to review this report released by BC Assessment, you would find the following information on the assessments: (column on the right is this years average value)

As you can see, the biggest jumps are in: Queens Park at + 15.05%, Queensborough at + 14.59%, and low rise 2 bed condos at 13.9%. While the only area losing value was Sapperton at – .31%.

I am not surprised by large increases in the value of properties in Queensborough or 2 bed low rise condos. Queensborough has seen great improvements in recent years with the completion of Port Royal, new parks and rec facilities, boardwalk, Lowes, and the Queensborough Landing. The increase in 2 bed low rise condos is no surprise either – as a shift in demographics has set in; and the stock of such apartments has improved greatly. Complexes such as the Copperstone in Sapperton are desirable to buyers new to the market.

When it comes to Sapperton, I am a little surprised to see a decrease in value, because I see this being an attractive area for future gains. It is likely that the uncertainty of United Boulevard Exchange Project and the unfinished Brewery District hurt values over the course of the year.

But the real question is, is the average home in Queens Park really worth over $1 million?

There was 26 listings sold in Queens Park from July 1, 2010, through July 1 2011. Only 3 of those sales were of the million dollar variety, with $1.25 million being the highest sale. Here are the statistics straight from MLS:

Based on all these sales, the average price is well below $1 million. However, there was one sale in Queens Park that I believe is the sole reason for the increase, and that would be 216 St. Patricks Street:

This home went for an astounding $103,000 over asking price as a building lot. It is my educated guess that this is what BC Assessment is leaning on when it comes to land value in Queens Park. They will likely suggest that, because of this sale, land in Queens Park is worth approximately $103 per sq.ft. ($902,000 / 8712 sq.ft.), plus the value in the home.

However, this is a challenge because most homes in Queens Park are most likely not a knock-down. The highest and best value of a home in the area is most likely as is. Therefore, it can not be assumed that the value of 216 St. Patrick is reflected in the land value of other properties. If a house in Queens Park is not a knock-down, and it is also not a $1 million home, this should be a point used in any appeal to BC Assessment.

Do you think the average price of a home in Queens Park is worth over $1 million?

The New Pattulo Bridge – Be heard!

It’s obvious that the Pattulo Bridge will need to be replaced. While the decision has been made, how it will end up being replaced is the big question. I believe the answer to this question, and the option eventually chosen will have as profound an impact on New Westminster as any other issue – past, present, or in the near future.

I believe that many of New West’s biggest challenges/issues stem from traffic control. The majority of traffic on our streets has neither an origin or destination within New West. In fact, data pulled from a 2004 New Westminster transportation plan showed that 82% of traffic in during peak hours ends up heading through town. Obviously, this is something that comes inherently with our location within the Lower Mainland.

Throughout the early part of 2012, Translink will be working to solve the issue surrounding replacing the Pattulo Bridge. I truly hope New Westminsterites get educated on this issue, and join the dialogue. Because of our location within the Lower Mainland, our co-operation is vital to all of Metro Vancouver. In order to understand what is best for New Westminster, it’s important that those with a vested interest in the city have their voice heard, and become part of the solution.

The City of New Westminer put out a release today with important information regarding this project. Also, consider taking a few minutes of your free time to look over Translink’s page regarding the Pattulo Replacement Project. Let’s keep this top of mind and join the dialogue on possible/desired results!

The Big Picture – Reconnecting Downtown with it’s Waterfront

New Westminster was founded on the banks of the Fraser River, yet most residents outside of The Quay couldn’t feel anymore removed from it. Not only can you not access the waterfront from Downtown New West, but today when walking Columbia Street, there is truly no site lines or view corridors to the river.

I strongly believe in Downtown New West’s potential as a regional ‘transit based’ city center, and in the possibility of reliving the days of “The Golden Mile” on Columbia Street. However, if this is to become reality, I believe seamlessly reconnecting New Westminsterites with the waterfront downtown is pivotal.

As it stands today, downtown “suffers from severance” issues, as the city has called it, in their Downtown Community Plan. As you can see in the picture here, Front Street is hidden below the much maligned downtown parkade. Then comes the heavy-rail tracks, and the pier – which today is part parking lot (Larco Development held site), and part Westminster Pier Park site that is currently under construction. Some serious severance issues if you ask me! The question is: how do you bridge this gap to create some semblance of continuity from downtown to the waterfront?

The current parkade structure will definitely need to be removed in a strategic way. This will open up Front Street to the light of day for the first time in decades. However, Front Street is the defacto truck route for many goods flowing through the lower mainland – goods that Metro Vancouver ideally sees flowing through much more seamlessly. Hence, the North Fraser Perimiter Road and United Boulevard Extension projects on Translink’s plate. It is difficult to foresee any realistic solution to removing or re-routing both the Front Street truck traffic and the heavy rail tracks that completely severe downtown New West and the waterfront.

With that, we are led to the idea of encapsulation. Initially it seems pretty far fetched to imagine completely encasing that amount of space and heavy moving mass. I can assure you however that this idea is on the city’s radar and forms part of their LONG-term strategy for reconnecting the downtown to the waterfront. In this Transportation Presentation, the city cites that once Larco has developed it’s 5th tower, encapsulation will be considered post 2031.

Many people will have a number of questions jump out at them when they see this for the first time. I was first struck by the size and number of towers proposed along the waterfront. It also appeared to me that Front Street will only get to enjoy sunlight temporarily throughout the day. But there will be changes to this concept over time, and it will evolve along with the downtown core.

I will elaborate on the potential Larco Development in a future post but would suggest that a development of this size may very well be what is required (along with senior government investment) to make a undertaking of this size feasible. BIG visions and BIG goals will require equally BIG solutions. I am encouraged by the comprehensive approach viewed to be necessary by City Hall when it comes to this very large challenge.

The first steps to seeing this through have been taken. The city is pushing to remove the west end of the downtown parkade, as I touched on in a previous post (as did Patrick Johnstone in a quality post). It is critical to the city that this be moved forward in order to create a Westminster Pier Park access. As you can read in this Newsleader article, they have been in discussion with Larco for sometime now about the extension of Quayside Drive and dually investing in ramp access to the park.

This is a long way down the road, but even still, I find it very intriguing. I would highly recommend anyone with a keen interest in downtown New West’s revitalization to check out the Official Downtown Community Plan.

FOR RENT – Top Floor 2 Bedroom and Den – THE NEWS

The News is a 3 building condo and townhouse development at 8th Street and Agnes in Downtown New Westminster. Available immediately is a 2 bedroom and den condo on the top floor of the South tower. The rent will be $1550 a month and while no pets are allowed the rental term is negotiable (i.e.: 6 month or 1 year lease).

This area has seen a great deal of positive change in the past few years. Of great value to The News residents is the nearly complete, $250 million, Plaza 88 development that incorporated redevelopment of New Westminster Skytrain Station. Within this development is a large Safeway, 10 cinema movie theatre, Drugstore, Banking, and over 100,000 square feet of other retail space.

This suite has a very functional layout with bedrooms on either side of the living room. Master bedroom has walk-through closet that open to the bathroom. Kitchen is open concept and features granite counters and a gas stove. The den would make a great office or play area for a young one (playground in common area would be nice for any young one too).

Check out the details below and feel free to call with any questions or to arrange a viewing.

 

The Downtown New West Parkade – Whats your take!?

Most within my generation have yet to witness a thriving Columbia Street lined with parked cars and foot traffic meandering in and out of shops. We all want to see that day return off course. I for one believe it can and will.

The cities made great strides in recent years and the completion of projects like the Multi-Use Civic Facility, Waterfront Pier Park, and Trapp Block will continue that positive trend. There still is heated debate over a number of issues going forward, however, one thing that is not up for debate is the need for consumers and lots of them if we are to see the return of a bustling Columbia Street.

These consumers will need to come from both within and outside town to support business growth. They will come on foot, on train, on bus and by car. The latter is the biggest issues as business owners and the city debate where and how to accommodate sufficient parking spaces.

Likely one of Downtown New Westminsters most puzzling and contentious issues is in fact parking. At the heart of the discussion is what to do with the downtown parkade, backwards angled parking and bike lanes on Columbia Street. For now I’ll focus solely on the parkade.

The city has proposed the removal of the west end of the downtown parkade. This is such a contentious issue for many that some local business owners are rallying to “Save the Parkade” this evening at The Columbia Theatre. Below I have copied the flyer sent out for the rally earlier this week for the rally:

  1. Downtown Merchants and Landlords have not seen any line of reasoning from city hall showing that removal of the Parkade or reduction in parking will improve business.
  2. Merchants and landlords will lose over $6,000,000 in rents and personal income during the West Parkade demolition and Front Street realignment process.
  3. Removing 283 parking spaces and replacing them with only 36 much despised back in angle meter parking spaces will not be adequate for area prosperity.
  4. Other than the East Parkade, there are no monthly or multiple hour parking spaces available for our workforce. Not everyone takes the train to work.
  5. The city has not implemented any long term plan to create decentralized parking spaces. In fact, most new developments have relaxed parking requirements.
  6. The parkade is a $20,000,000 revenue generating, downtown revitalizing, asset to save, not to destroy. Smart money would invest in its rehabilitation and enhancement.
  7. The parked and Front Street are in need of a long term vision including noise abatement, safety, maintenance, beautification and enhancement.
  8. The parked was created by the merchants, paid by merchants and its fate and management should be controlled by merchants.

Save the Parkade Committee can be reached at – savetheparkade@gmail.com

Anyone who has been engaged in conversation with me regarding Downtown New West Revitalization will know I am not the biggest fan of this parkade. What bothers me most is the dodgy area it creates along Front Street which I have long believed could be a real neat, trendy street. Instead its not at all desirable to walk, is cold, dark, and sketchy. I fully understand this is also due to the train tracks.

Despite the fact we have a great asset that many downtown cores do not with Skytrain stations bookending our downtown core. I believe it is a stretch to think all of our much needed consumers are going to travel in on Skytrain alone. I can’t imagine a ton of shoppers going out of their way to Skytrain and then lug their goods back home the same way. That’s why I strongly believe that we need a parking solution that doesn’t assume people will be primarily using public transit and to remove significant amounts of current parking capacity wouldn’t be appropriate.

We need a solution that removes any barriers to consumers visiting our downtown. If consumers feel it is laborious to visit they will choose not to come. Therefore, we need a solution that is inclusive of all transit options while keeping in line with a long term vision for downtowns revitalization.

I appreciate the sentiment of long time New Westminsterites and longtime merchants who in fact carried the costs of the parkade for a substantial period of time. This point should not be disrespected nor overlooked. It is also true that the parkade generates a fairly significant revenue for the city through parking fees and from the filming industry (remember I, Robot?).

My feeling is that removing the west end of the parkade will not cause all that much disruption to current users or businesses (I could be wrong). I personally use that end quite often and will not be bothered by a little extra walk. Although once it is taken down it is not going back up the same so it’s likely best to explore repurposing the lot prior to removal. For example, as Park and Ride, free parking for consumers, or monthly parking options.

In an ideal world there is a solution that incorporates the encapsulation of the train tracks providing undisturbed access to the waterfront while accommodating the necessary parking. Our city was founded on the banks of the Fraser River and we should not be cut off from it; I believe this is the big picture. This would understandably be extremely expensive, require many a deal to be made with current land owners, and a significant amount of time.

Until then I am ok with the partial removal of an old, ugly, mostly empty, and seemingly unstructurally sound parkade if it is openly discussed and decidedly the best approach for the time being. Parking is and will remain to be vital to downtowns growth though and I do not believe it should be taken too far at this point.

That is my quick take. If you take great interest in this topic I suggest you swing by Columbia Theatre this eveing.

What’s your opinion? Would you like to see the parkade stay in tact as is, revitalized, repurposed or removed?

 

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#308 520 Cottonwood – Coquitlam

This listing in Coquitlam West is likely suited best to the first time buyer looking to get into the market or the condo investor looking for a rentable unit in an area in line for real positive growth.

Whomever moves in will enjoy the peace and quite that the best location in the building provides as the unit really only shares one common wall with a neighbour. Sitting in the living room the eye is drawn to green outlook onto the courtyard. I’m a big fan of covered balconies because their usable all year round, rain or shine bbq’n, and the view off in the distance is quite nice when the suns setting.

There is no restrictions in this building, rentals and pets allowed, just spending a little time in the building it is very clear that many owners are dog lovers. Many owners taking their pups in and out on walks to a nearby park have mentioned one reason for their moving-in was that their dogs are welcomed.

The Burquitlam area is already seeing change and will continue to over the coming years. New developments in the area have been selling very well in anticipation of the growth to come along with the new Evergreen Skytrain lines Burquitlam Station. For those using public transit the building is already very convenient as you can jump on the bus right outside the door to Lougheed Town Center. When the skytrain is built it will be even better.

The unit itself has just been updated with a number of nice touches. New think plank, dark brown laminate flooring, that is very popular these days. The kitchens backsplash has been done with a nice quality glass tile. New tile has been laid in the bathroom which also got a nice new dark wood vanity. Take a look through the pictures below to see for yourself.

If you have any questions about the unit or would like to have a look do not hesitate to get in touch as I would be happy to show it anytime.

 

A new AdamGoss.ca – My commitment to blogging.

Hello all, welcome to a new edition of AdamGoss.ca, and thank you for visiting!

For quite some time I’ve had a concept for this site that would bring great value to the visitors by providing timely, informative, opinionated content straight from the horses mouth.

In my opinion most real state sites out there do not provide visitors much reason to return outside of viewing pictures of selective listings.

This site will be different! I hope to intrigue, lower the vail and allow you to get to know me, remove any barriers to communication, and encourage everyone to join the conversation, ask questions and provide opinions.

Being the type who wants everything right now this requires an understanding that my goals for this community will not come over night, over the course of a week, or even a month. Therefore, today I am making a public commitment to my blogging!

Today you see a simple splash page that provides me a platform to start blogging. Over the course of the next few weeks this will evolve into the new AdamGoss.ca that I will seek your feedback on so we can keep evolving to provide you with the best experience.

I very much appreciate all your support and commit to proving it to you while paying it forward!

“Any man’s life will be filled with constant and unexpected encouragement if he makes up his mind to do his level best each day.”

Booker T Washington