Safeway site at Edmonds in Burnaby

According to Burnaby Now, Safeway is selling approximately 42 acres of land in South Burnaby, next to Byrne Creek Secondary School in the Edmonds area of Burnaby. This is prime Burnaby real estate. The property site is located between 11th and 14th avenues and from 15th to 18th streets, and is very large covering around eight square city blocks. According to the article in Burnaby Now, the Safeway property went up for sale on June 1, with no listed price. Safeway plans to take offers until July 5. You can read the full article on the Burnaby Now website.

The City of Burnaby has the area listed as multi-family residential in its official community plan. According to the Edmonds Town Center Plan (which was last updated April 2009), the site is marked as 'long term potential' and zoned as 1/2/6 and 3 on the plan.

  • 1 means 25 units per acre maximum - Ground - Oriented Multiple Family Dwellings
  • 2 means 40 units per acre maximum - Low Rise Apartments / Ground - Oriented Multiple Family Dwellings
  • 3 means 40 units per acre maximum - Low Rise Apartments
  • 6 means 12 units per acre maximum - Townhouses

According to the City of Burnaby website, Burnaby's Official Community Plan (OCP), is about defining directions. These directions will guide Burnaby's development and meet its anticipated needs over the next decade and beyond. They will also help ensure that Burnaby is an even more desirable place to live, work and invest in the future. According to the website, the OCP for Burnaby is primarily concerned with policy direction for the next 10 to 15 years. Burnaby's OCP envisions a more complete community, an environmentally aware community, a community of economic opportunity, a community with increased transportation choice, an involved community and a community within a livable region. This is all positive news for Burnaby and for the Greater Vancouver real estate market in general. No doubt real estate will continue to develop in Burnaby, and it is great to see that the city is planning and looking towards the future.

You can read more about Burnaby's Official Community Plan (OCP) on the City of Burnaby website.

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The Burnaby Mayor, Derek Corrigan, gave his annual State of the City address at the Hilton Vancouver Metrotown on April 13. He covered several interesting topics including current and future plans for Burnaby in terms of social housing, commercial property developments, and residential property developments.

One concept that was mentioned over and over again in the address was that of Burnaby as a "Creative City". This refers to the focus on the development of lively, diverse "streetscapes" and public places, and tying all this in with residential real estate projects in development and being planned--including the proposed "Metroplace" development at the Metrotown SkyTrain station, and Sovereign, the 45-tier development which features 202 residential units on 26 tiers, 169 hotel rooms over 13 levels and a three-tier retail podium.

When Sovereign went on the market last month, all 202 residential units sold out in a single day. This event surpassed the single-day record for Burnaby real estate sales and is a great market indicator for future real estate development projects in Burnaby.

Other Burnaby residential property developments of note which were initiated or partially/fully completed in 2010 include:

  • The Empress - a 45-tier mixed use property development with a hotel and 202 residential units at Willingdon Avenue and Kingsway.
  • The Jewel II - a 21-tier residential property development with 98 units at Beresford Avenue and Wilson.
  • The Concord-Pacific Development - a 21-tier residential apartment tower on Nelson Avenue.
  • Polygon Development - a residential high-rise with townhouses (245 units) located between Bennett St. and Nelson Avenue.

Burnaby's current and future real estate projects can be seen on the Burnaby City website. Among its residential goals, the City tries to balance the housing needs of the city with social responsibility:

"Burnaby, through its land use designation function, has the ability to influence the location of housing and provide for various types of neighbourhoods. These actions have encouraged a broad range of choice in residential environments including single and two family areas and town- house and apartment areas that meet the housing needs of differing households."

The four goals for housing as laid out on the Burnaby City website are:

  • To provide a varied range and choice of living opportunities within the City.
  • To establish increased opportunities for ground-oriented housing.
  • To maintain and improve neighbourhood livability and stability.
  • To help ensure that the needs of people with special and affordable housing requirements are met.

What can be taken from the annual State of the City address is that Burnaby cares about well planned residential real estate projects. If you are thinking of buying real estate in Burnaby, you can be assured that amenities, transport, and social services are all well catered for.

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Property Photo: 7012 GRIFFITHS AV in Burnaby

Here is a great listing and a prime example of the kind of Burnaby real estate on the market today. The property is located at 7012 Griffiths Avenue, Burnaby. The real estate market in Burnaby is red hot right now so make sure you don't miss out on this dream home.

This is a brand new quality built three-level heritage style townhouse. This place is absolutely huge at 1,400 sq. ft. The main floor consists of the living room, dining room, powder room, and kitchen. There are three bathrooms, two bed rooms, and insuite laundry in the second floor. The master bedroom has an ensuite on 3rd floor, open sundeck with view.

The quality of the materials used in this home have to be seen: hardiplank materials have been used on all outside walls, granite counter top in the kitchen and marble granite in all the washrooms, extensive use of crown mouldings, laminated flooring, and white kitchen cabinets. This is the best corner unit with a view. As a bonus this home includes stainless steel appliances, full size washer and dryer, blinds and screens all in and secure garage.

The location is great--this amazing hownhouse is located at Highgate Mall, not far from Edmonds Skytrain station.

Contact me for Open House details or for private showings.

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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Real estate Stats for March 2011

According to the Real Estate Board of Greater Vancouver (REBGV), activity in the Greater Vancouver real estate market continued to strengthen in March. The property market has had a very strong start to the spring season, according to the monthly stats released.

Burnaby Real Estate Stats

Burnaby has seen a huge increase in property listings come on the market compared to February:
221 detached homes, 144 attached homes, and 336 apartments were listed in March.

There were also huge gains in the number of real estate sales in Burnaby in March:
160 detached homes, 103 attached homes, and 191 apartments were sold during the month.

Overall, there was a 1.4% increase in the price of property in Burnaby in March, based on sales of detached (1.9% increase) and attached homes (1.3% increase) and apartments (1% increase), based on the MLSlink Housing Price Index.

The benchmark price of a detached home in Burnaby is now $882,731, the benchmark price of an attached home is now $501,257, and the benchmark price of an apartment is now $364,847. The benchmark price is the estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

For more information, see the Real Estate Board of Greater Vancouver (REBGV) website.

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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: 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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8035 GOVERNMENT Road Burnaby V5A 2E1 : Government Road

Amongst the new Burnaby real estate listings, I've found this brand new home that I just had to share. If you seek luxury Burnaby property, then bookmark this page. This quality built home includes eight bedrooms and 8.5 bathrooms and is found in the desirable Government Road area near Costco and many Burnaby schools. Italian tile and hand-scraped engineered hardwood floor throughout with detailed finishings, high end appliances and a dreamy gourmet kitchen for the cook in the house.

This is Prime Burnaby Real Estate

Click on the link to view 10 photos, click map for street views and even aerial views: 8035 Government Rd., Burnaby

Make sure to see the stunning back yard for family and friends. Much better view in person so call for a private showing.
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7308 Ridge Drive Burnaby is a real gem when it comes to real estate in Burnaby. This property has an amazing ocean view of the Burrard Inlet and the Northshore mountains. 

Built by a top-notch European builder, this property is huge at 4,700 square feet! This home has a grand high-ceiling foyer,  large living and dining rooms--both with water view. There are three fireplaces. The solid oak wood kitchen has lots of storage and a pantry. There is a bedroom on the main floor with a full bathroom. There are four good size bedrooms and three full bathrooms on the second floor with private water views. 

This is a Luxury Burnaby Property 

The property has a basement with a separate entry that has a hot-tub, sauna, games room with wet-bar, and a built-in projector and 120" screen (virtually a home cinema). It also has a workshop, wine cellar and a three car garage.

This really is a quality built home in good condition. For golf lovers, there is a golf course nearby.

For more information contact me at:

Kristy Mattiazzo
Sutton Centre Realty
Tel:604-831-7321
kmattiazzo@shaw.ca
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