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




James Garbutt
Shawn's Deals

Shawn’s Best Deals of the Week (January 14 – 18)

Shawn’s Best Deals of the Week  (Jan 14 – 18)

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

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 – Fraserview – Victoria Hill: 209 – 275 Ross Drive 

Price: $ 475,000
Strata Fees:
$259.39
House size:  657 Sq Ft.
Bedrooms: 1
Bathroom: 1
Year Built: 2008
Zoning: RM-5A

 

 

 

 

 

Why I Chose it:

 The location and price are key. One of the best priced units in the complex. This 1 bed, 1 bath condo is in of the best neighbourhoods in New Westminster, the Grove at Victoria Hill! This is an inner unit with a neighbour on one side. This unit is low in strata fees and big on space. Come view it today!

New Westminster – Queen’s Park: 413 Oak Street

Price: $ 1,535,000
Lot: 60 x 115 (6,901 Sq Ft.)
House size:  1,995 Sq Ft.
Bedrooms: 4
Bathroom: 3
Year Built: 1989
Zoning: RS4 – link to city website for RS4 zoning

 

 

 

Why I Chose it:

Situated in one of the best neighbourhoods in New Westminster, Queen’s Park. This home is on a fairly private street and has a big lot. As it stands, the RS4 zoning is quite stringent on the building guidelines. However, one may be able to achieve a .7 FSR. This could allow for a home up to 4,830 Sq. Ft. For clarification on these guidelines please contact us directly and we will do our best to guide you or contact the planning department at the City of New Westminster.

Burnaby North – Government Road: 7994 Burnlake Drive

Price: $ 1,789,000
Lot: 73 x 140 (10,220 Sq Ft.)
House size:  3,425 Sq Ft.
Bedrooms: 4
Bathroom: 3
Year Built: 1967
Zoning: R1

 

 

 

 

Why I Chose it:

Government Road is one of the high end areas in North Burnaby. Right beside Highway 1 with Access to Downtown, Brentwood, SFU within minutes. This is a central location and hey, you’ll be close to Michael Bublé. Joking aside. The R1 zoning allows for a buildable up to .6 FSR or 6,350.9 Sq. Ft. Whichever is lesser. In this case that would be a home with a total of 6,132 Sq. Ft. Please contact the planning department at the City of Burnaby for verification.

Vancouver West – Cambie: 845 W 17th Avenue 

Price: $ 1,999,000
Lot: 33 x 122 (4,026 Sq Ft.)
House size:  2,182 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1944
Zoning: RS-7

 

 

 

Why I Chose it:

Close to Shaughnessy, downtown, the beach and all things Vancouver. This is a great building lot for an owner builder or someone looking for a holding property. Buy now, hold, build later. The City of Vancouver has become very strict with their building guidelines therefore it is best to read through the zoning bylaws before planning your dream home on this lot. As of right now, the standard FSR for RS-7 lots in Vancouver are .6 but can be allowable up to .7 FSR based on the design guidelines of the proposed dwelling.
Please contact us directly for your investment needs. We tailor our services to best suit your needs.