Property Photo: # 3 1954 W 11TH AV in Vancouver

# 3 1954 W 11th Avenue in Vancouver is a fabulous fully renovated executive ground level townhome in prime Kitilano, or Kits, location! Over 1220 sq. ft. of well laid out floor plan in this open concept two bedroom, two bathroom home.

Renovation included: kitchen, bathroom, living room, flooring,fixtures, lights, window coverings, and paint - over $55K in improvements. Enjoy your own private front patio, one open parking stall, high ceilings, in-suite storage and natural light from north, east and western exposures.

Prime Vancouver Real Estate

Location is everything, this home is very centrally located yet is on a quiet tree-lined street close to schools, shopping, restaurants, and so much more. This well maintained four unit development was build in 2003 and was an early century 1910 heritage conversion project. View photos online and call me for your private showing.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP™
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® &
Canadian Certified Staging Professional™
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

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When buying real estate in BC it is important to look at how much the strata fees are, as they can range from low to high and can include different benefits such as heat or hot water. Not all buildings have strata fees. A strata title building is a multi-residence complex or multi-suite building, where all the units are owned by their individual owners.

What are strata fees?

Strata fees are basically the monthly fees collected from each owner, usually in proportion of the square footage of the units, or which are calculated in accordance with the requirements of the Strata Property Act. The strata fees for a strata lot's share of the contribution to the operating fund and contingency reserve fund are calculated as follows: unit entitlement of the strata lot, divided by total unit entitlements of all strata lots, multiplied by the total contributions and then divided by 12. The expenditure is administered by the strata council. The strata council sets the budget for the year, with a breakdown of costs.

Strata fees cover ongoing costs and general maintenance (hallway cleaning, lights, security, insurance) and contingency funds accumulated for large expenses, like re-roofing, snow clearing or parking lot paving. 

There are two concepts here that often get confused: the strata council and the strata corporation.

The Strata Council:

The strata council’s role is to:

  • act as the managing body for the strata corporation;
  • make daily decisions that enable the strata corporation to operate smoothly;
  • operate within any restrictions created by the Strata Property Act, Regulations, bylaws, or a majority vote of the owners.

The Act states that the strata council’s role is to: “exercise the powers and perform the duties of the strata corporation, including the enforcement of bylaws and rules”.The strata council can hire a strata manager to perform some or most of the functions of the strata council. However, if a strata council has delegated its powers to a strata manager, the strata council is still ultimately responsible for ensuring that its obligations under the Act are fulfilled.

The Financial Institutions Commission (FICOM) strata council guide.

Strata Corporation: The strata corporation is a legal entity with all of the powers of a natural person who has full capacity. This means that it can sue others, be sued by others, enter into contracts with others and hire employees.

The owners of the strata lots are the members of the strata corporation. The strata corporation is responsible for managing and maintaining the common property and assets of the strata development for the benefit of all of its owners.The specific obligations of the strata corporation are usually performed by the strata council, or agents or employees which it hires.Additionally, the strata council will also perform its own obligations which are imposed by the Act and Regulations on the strata council, and will benefit the strata corporation.

The Financial Institutions Commission (FICOM) strata corporation guide.

What if I don’t pay my strata fees?

If an owner fails to pay their strata fees they are contravening the strata corporation’s bylaws and are subject to fines. The Strata Property Act requires a strata to give two weeks written notice demanding payment and noting that further action may be taken. This further action can be in the form of suing, seeking arbitration or putting a lien against the owner’s strata lot.

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP™
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® &
Canadian Certified Staging Professional™
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

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Burnaby

There was a recent article on the Burnaby Now website titled 'Industrial real estate booming in Burnaby'. The same can be said for the residential real estate market in Burnaby.

According to the Burnaby Now article Burnaby industrial real estate sales in 2010 passed the $100-million mark for the first time since 2006, to a total of $100.6 million, with 41 transactions.

It said that Burnaby industrial sales did well in 2010 because of a number of factors, including the recovering market, good value properties, and Burnaby's proximity to port operations, downtown Vancouver, YVR airport, and the two highways.

"All in all, it's a desirable location," was one quote from the feature. Although this article was purely about commercial real estate, the exact same things can be said about the residential real estate market here.

Some of the reasons to buy property in Burnaby:

  • Burnaby has some great value properties.
  • Burnaby is a desirable place to live.
  • Burnaby has excellent shopping malls and services.
  • Burnaby has excellent recreational facilities.
  • Burnaby has excellent transportation options.
  • Burnaby is close to downtown Vancouver, YVR and the main highways.

If you are thinking about living in Burnaby, or you already live here and are thinking about upsizing or downsizing then contact me for a list of available properties that suit your needs.
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Property Photo: # 2002 811 HELMCKEN ST in Vancouver

I have listed a new property at # 2002 811 Helmcken St. Vancouver. It is an amazing property.
Penthouse apartments in Vancouver are rare these days and this is a gem in the Vancouver real estate market.
This penthouse has three bedrooms with a view of English Bay and North Shore Mountains. it has a small outdoor balcony with amazing views to watch the fireworks during the Symphony of Fire. It has nine foot ceilings, laminated floors throughout and a great layout between the beddroom and kitchen/living area. There are fantastic views from every room. The amenities included feature games and fitness rooms, a sauna with showers, and a secured terraced garden. This spectacular building has a recent new key fob security system with locked-off elevators. The building has underground and visitor parking and a live-in caretaker. This building is located in the heart of downtown Vancouver and just walking distance to the beach, restaurants and the main shopping areas such as Pacific Centre, Yaletown, Robson, Granville and Davie.
Make sure you don't miss out on this amazing piece of Vancouver real estate.

Contact me for Open House details:

 

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP®
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional®
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

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Property Photo: 7010 GRIFFITHS AV in Burnaby

I have listed a new property at 7010 Griffiths Avenue in Burnaby.

This is a real Burnaby real estate showcase. Make sure you don't miss out on this dream home.

This amazing hownhouse is located at Highgate Mall, not far from Edmonds Skytrain station. This brand new three level heritage style townhome consists of a living room/dining room, powder room, and kitchen on the main floor. This property is huge at 1400 square feet--it has three bedrooms and three bathrooms. Two bedrooms and an insuite laundry are on the second floor, the huge master bedroom with ensuite is on the third floor. It has an open sundeck with a really nice view. Hardiplank materials were used on all outside walls. There are quality features throughout the house including granite countertops in the kitchen and marble granite in all the washrooms, with extensive use of crown mouldings, laminated flooring, and white kitchen cabinets.
Don't miss out on this beautiful piece of Burnaby real estate.

Contact me for Open House details:

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP®
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional®
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

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The Real Estate Board of Greater Vancouver (REBGV) released a preliminary report on the MLSLINK Housing Price Index for February 2011. This report showed that demand for detached homes continues to be strong across Greater Vancouver with particularly high sales in some areas.

Real estate sales in the Tri-Cities area of B.C. (which includes the cities of Coquitlam, Port Coquitlam and Port Moody) remained strong. Coquitlam real estate in particular showed high benchmark prices for all property types mentions in the report--detached homes, attached homes, and apartments. The benchmark price for a detached home in Coquitlam is now $708,297, the benchmark price for an attached home in Coquitlam is now $454,968, and $300,679 for an apartment.

Property Photo: 676 COLINET ST in Coquitlam

676 Colinet St., Coquitlam.

One detached home on the market in Coquitlam that is well below the benchmark price at $550,000 is 676 Colinet St. This house is located at the corner of Colinet St. and Cottonwood St. on a huge lot. It is close to all amenities, including a great daycare. This two level, two bedroom, 1697 square feet original Character home amazing value in today's real estate market!

The excellent features in this home include hardwood flooring and trim. a really bright and open kitchen, good sized rooms and new furnace. There is great sun exposure in the backyard. The huge lot features a storage shed, a two-car garage, metal roof and lane access. With the options to hold or build now, you will have to hurry because this won't last!

Contact me for full details:

Kristy Mattiazzo, REALTOR®, ABR®,SRES®, CCSP?
REALTOR®, Accredited Buyer's Representative®,
Seniors Real Estate Specialist® & Canadian Certified Staging Professional?
Sutton Centre Realty
PRIVATE PROPERTY Realty
PRIVATE PROPERTY Staging
T) 604-831-7321
F) 604-936-9412
E) kmattiazzo@shaw.ca
W) www.privatepropertyrealty.com

Read Full Story