Timeline:

GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

FREE Real Estate Seminar – Buying & Selling in The Current Market

FREE REAL ESTATE SEMINAR!

Adam and Shawn are back hosting another Real Estate Seminar. This event will be held on April 4th at Old Crow Coffee Co in New West from 7:00-8:00 pm and we will have coffee/tea available for all attendees!

At this Seminar, we are going to be having a general open conversation where we can address any and all of your questions!

Eventually we will take you through a 5-10 minute presentation to show you the current state of the market for seller/buyers, but overall, we want to achieve an open discussion to make sure that you get all of your questions covered and have you leave with the knowledge/education that you came for.

This event is open to all types including those who’s next transaction will happen right away or in the future. This will be beneficial for both buyers and sellers and we will provide information on both condos and homes.

RSVP is required for the event so that we can plan accordingly. Send us a message on social media, an email to info@gdrealestate.ca, or sign up on eventbrite to let us know that you’re attending and who you’re bringing, and we’ll save you a spot!

Limited tickets available! SIGN UP HERE! 

Vancouver Real Estate Stats

VANCOUVER REAL ESTATE STATS – MARCH 2019

Vancouver, BC is one of the most beautiful places to live in Canada, but it comes at a high price. The average price for Vancouver Real Estate in 2019 is $1,019,600, which is 4.5% lower compared to 2018.

It is expensive to own a home in Vancouver, but it is also expensive to rent. The average 1 bedroom apartment price increased by 6.5% from 2018, which is the second highest rental price in Canada, right below Toronto.  Burnaby ‘s 1 bedroom rentals increased by 9.8%, which is the third highest in Canada.

Below is some more Vancouver real estate stats: 

Vancouver Real Estate Stats 2019

Shawn’s Deals of the Week (March 11 – 15)

Shawn’s Deals of the Week  (Mar 11 – 15)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – West End: 1215 Nanaimo Street

Price: $ 988,000
Lot Size: 33×122 (4,059 Sq. Ft.)
House size:  2,417 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1912
Zoning: RT-1A

 

 

 

 

 

Why I Chose it:

  • Great price
  • Great location
  • Located in a duplex dwelling district – potential for a duplex property
  • Living space includes a suite to help with the mortgage

North Burnaby – Capitol Hill: 4657 Georgia Street

Price: $ 1,244,000
Lot Size: 33 x 122 (4,026 Sq. Ft.)
House size:  1,777 Sq Ft.
Bedrooms: 3
Bathrooms: 2
Year Built: 1952
Zoning: RS5

 

 

 

 

Why I Chose it:

  • Location: Steps to Brentwood, easy access to Downtown Vancouver and Highway 1
  • Has a basement suite
  • Great neighbourhood
  • Quiet street
  • Shopping and schools nearby
  • Hold for now, build later.

Vancouver East – Fraser: 765 E 24th Avenue 


Price:
$ 1,500,000
Lot:
33 x 122 (4,026 Sq. Ft.)
House size:  2,054 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1927
Zoning: RS-1

 

 

 

Why I Chose it:

  • Location – Close to all amenities
  • Area has been zoned for duplexes
  • Currently has a suite (mortgage helper)

Vancouver East – South Vancouver: 596 E 51st Avenue 


Price:
$ 1,498,000
Lot: 36.26 x 122.26 (4,433 Sq Ft.)
House size:  2,656 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1975
Zoning: RS-1

 

 

 

Why I Chose it:

  • Location: Close to John Henderson Elementary School, parks and shopping.
  • Fair price point
  • Some renovations
  • Lot size is above the standard Vancouver 4,026 Sq. Ft.

Vancouver West – Dunbar: 4277 Kevin Place  


Price:
$ 3,488,000
Lost Size: 46/85 x 121/135 Irregular (8,133 Sq. Ft.)
House size:  2,216 Sq Ft.
Bedrooms: 4
Bathroom: 2.5
Year Built: 1971
Zoning: RS5

 

 

 

Why I Chose it:

  • Location, location, location – tucked away behind Pacific Spirit Regional Park and the St. George’s Senior School. This is also steps to UBC, Spanish Banks, the airport and Downtown Vancouver
  • Great for holding and renting or build your dream home in one of the best neighbourhoods in North America
  • Current condition of the home is excellent.
  • One of the best price points for this size of lot in Vancouver West – Dunbar

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

GLOBE & MAIL ARTICLE – TOUGH BARGAINING SHAVES PRICE OF COQUITLAM TOWNHOUSE UNIT

Asking price: $598,000

Selling price: $525,000

Days on market: 91

Taxes: $2,116.70

Maintenance fee: $202

Buyer’s agent: Adam Senuik, Keller Williams Elite

The action

The unit is in a complex built in 1988, located near public transit. When the newlywed couple that purchased the unit walked through the door, they knew they wanted it, buyer’s agent Adam Senuik said. But their pre-approved mortgage was only $515,000. Mr. Senuik knew the condo had been on the market for two months at that time and had been reduced from $618,000. After three counter offers, the couple went back to the mortgage broker and came up with pre-approval of $525,000.

What they got

The 1,158 square-foot one-level townhouse has been fully renovated, with laminate floors, carpeted bedrooms and crown moulding, fireplace, quartz counters, heated bathroom floors and soaker tub. The complex was built in 1988 and is near transit and shops.

The agent’s take

Prices started dropping in the fall of 2018, Mr. Senuik says. “Vancouver’s property buyers are winning in a shifted market,” he says. “We have seen a lot of listings on the market much longer than the year previous.” In 2017, he’d see multiple offers drive the closing price above the asking price. It’s a different market today.

Shawn’s Deals of the Week (February 11 – 15)

Shawn’s Deals of the Week  (Feb 11 – 15)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

Vancouver East – Fraserview East: 1891 E 56th Avenue

Price: $ 999,000
Lot Size: 6,108 (irregular)
House size:  1,739 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1950
Zoning: RS-1

 

 

 

 

 

Why I Chose it:

  • Great price
  • Great lot size
  • Fair location: close to all amenities, set back from Argyle by a boulevard
  • Living space includes a suite to help with the mortgage

Vancouver East – Killarney: 6549 Lancaster Street

Price: $ 1,280,000
Lot Size: 30.02 x 143.08 (4,295.26 Sq. Ft.)
House size:  1,892 Sq Ft.
Bedrooms: 4
Bathrooms: 2
Year Built: 1971
Zoning: RS-1

 

 

 

Why I Chose it:

  • Price has recently been reduced
  • Has a basement suite
  • Great neighbourhood
  • Quiet Street
  • Shopping nearby

Burnaby – East: 7844 15th Avenue 


Price:
$ 1,588,000
Lot:
50 x 120 (6,000 Sq. Ft.)
House size:  2,800 Sq Ft.
Bedrooms: 5
Bathroom: 5
Year Built: 2005
Zoning: R5

 

 

 

Why I Chose it:

  • Location – Close to elementary school, high way access and shopping
  • Turn key home
  • Has 2 suites (mortgage helper)

New Westminster – West End : 1215 Nanaimo Street

Shawns Deals of The Week
Price:
$ 988,00
Lot: 33 x 123 (4,059 Sq Ft.)
House size:  2,417 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1912
Zoning: RT-1A

 

 

 

Why I Chose it:

  • Zone RT-1A potential for a duplex
  • Good price point
  • Great renovations
  • Close to all amenities on 12th Street

New Westminster – Connaught Heights: 2211 Seventh Avenue  


Price:
$ 1,375,000
Lost Size: 49.90×120 (5,988 Sq. Ft.)
House size:  2,216 Sq Ft.
Bedrooms: 3
Bathroom: 1
Year Built: 1955
Zoning: NR-1

 

 

Why I Chose it:

  • Location, location, location – on the same block as 22nd Street Skytrain Station
  • Future potential
  • Home may need some work
  • Advice: This is a great property if you have the ability to invest at this price point.

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

Shawn’s Deals of the Week (February 4 – 8)

Shawn’s Deals of the Week  (Feb 4 – 8)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – Uptown: #23 230 Tenth Street

Shawns Deals of The Week

Price: $ 699,999
Maintenance Fees: $466.32
House size:  1,455 Sq Ft.
Bedrooms: 2
Bathroom: 3
Year Built: 2000
Zoning: RES

 

 

 

 

Why I Chose it:

  • Great price
  • Good location: close to all amenities
  • Large living space

New Westminster – The Heights: 919 Chestnut Street

Shawns Deals of The Week

Price: $ 1,139,900
Lot Size: 50 x 120 (6,000 Sq. Ft.)
House size:  2,468 Sq Ft.
Bedrooms: 4
Bathrooms: 2
Year Built: 1949
Zoning: RS-1

 

 

 

Why I Chose it:

  • Great potential for a basement suite
  • Great neighbourhood
  • Quiet Street
  • Shopping nearby
  • Quick access to the highway

Burnaby – East: 7760 18th Avenue 

Shawns Deals of The Week
Price:
$ 1,350,000
Lot: 50
 x 120 (6,000 Sq. Ft.)
House size:  1,962 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 1938
Zoning: RS

 

 

 

 

 

 

Why I Chose it:

  • Location – Close to elementary school, high way access and shopping
  • Homes in this neighbourhood are newer
  • Area is set for redevelopment
  • Home needs work
  • Is currently rented for a good price

New Westminster – Queens Park: 321 Second Street

Shawns Deals of The Week
Price:
$ 1,278,888
Lot: 33 x 120 (3,960 Sq Ft.)
House size:  2,529 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1946
Zoning: RS-1

 

 

 

Why I Chose it:

  • Prime location
  • Good price point
  • Great renovations
  • Close to Herbert Spencer Elementary School

Vancouver West – Downtown: #1708 1189 Howe Street 

Shawns Deals of The Week
Price:
$ 769,000
Maintenance Fees: $425.44
House size:  791 Sq Ft.
Bedrooms: 2
Bathroom: 2
Year Built: 1999
Zoning: HIRISE

 

 

 

 

Why I Chose it:

  • Location – In the heart of Downtown Vancouver
  • Price point
  • Size

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

BUY OR SELL YOUR PROPERTY FIRST?

BUY OR SELL FIRST?

James Garbutt & Denny Dumas talk about different situations around whether you should buy or sell your property first. Watch the video below and subscribe to our Youtube channel for more VLOGS!

 

Buying & Selling Tenanted Properties

HOW TO BUY & SELL TENANTED PROPERTIES

James Garbutt & Denny Dumas talk about how to buy and sell a tenanted property and the rules to follow. Watch the video below and subscribe to our Youtube channel for more VLOGS!

 

Shawn’s Deals of the Week (January 21 – 25)

Shawn’s Deals of the Week  (Jan 21 – 25)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – Uptown: #1208 – 608 Belmont Street

Shawn's Deals of the Week

Price: $ 699,999
Strata fee: TBA
House size:  903 Sq Ft.
Bedrooms: 2
Bathrooms: 2
Year Built: 2013
Zoning: C-3

 

 

 

 

Why I Chose it:

 The price point is fantastic for a 2 bed and 2 bath unit at the Viceroy in Uptown New Westminster. Units in this building are not often for sale, lucky for you, this is one of the best priced 2 bed units in the building. This will be coming to the market soon! Rental are allowed, pets allowed with restrictions, 1 parking and 1 storage unit are included.

New Westminster – West End: 1422 London Street 

Shawn's Deals of the Week
Price:
$ 1,198,000
Lot:
46.20 x 132 (6,098 Sq. Ft.)
House size:  2,076 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 1943
Zoning: NR1

 

 

 

Why I Chose it:

  • Quiet location
  • Quick access to main roads
  • Close to all amenities, the skytrain, Lord Tweedsmuir Elementary
  • Great price

Burnaby – East: 7814 13th Avenue

Shawn's Deals of the Week

Price: $ 1,149,800
Lot: 50 x 154 (7,700 Sq Ft.)
House size:  1,995 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1964
Zoning: R5

 

 

 

 

Why I Chose it:

  • Great price
  • Good location: close to all amenities
  • Large size lot

Vancouver West – Kitsilano: 3636 W 11th Avenue

Shawn's Deals of the Week
Price:
$ 2,288,000
Lot: 33 x 122.06 (4,027.98 Sq Ft.)
House size:  2,399 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1973
Zoning: RS-5

 

 

 

 

Why I Chose it:

  • Prime location
  • Good price point
  • Great building lot
  • Many high rated school like Lord Byng are nearby

Vancouver West – Dunbar: 3675 W 24th Avenue 

Shawn's Deals of the Week
Price:
$ 2,300,000
Lot: 33 x 122.1 (4,029.30 Sq Ft.)
House size:  2,287 Sq Ft.
Bedrooms: 4
Bathroom: 3
Year Built: 1993
Zoning: RS-5

 

 

 

 

Why I Chose it:

  • Quiet location
  • Access to major spots: UBC, Spanish Banks, Jericho Beach
  • Newer home for the price point
Please contact us directly for your investment needs. We tailor our services to best suit your needs.