Timeline:

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




James Garbutt

Shawn’s Best Deals of the Week (January 1 – 5)

Shawn’s Best Deals of the Week  (Jan 1 – 5)

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 – The Heights: 824 Scott Street

Price: $ 878,000
Lot: 33 x 118.17 (3,900 Sq Ft.)
House size:  1,935 Sq Ft.
Bedrooms: 3
Bathrooms: 2
Year Built: 1912
Zoning: RS-1

 

 

 

 

Why I Chose it:

 The price point is fantastic for a single family home in New Westminster. In many cases, this home is the same price as 2 bedroom condos in Burnaby, Vancouver and some parts of New Westminster. This home has been renovated inside and is move in ready. Like many homes in this age range, there will be some needed TLC. In addition, there are no big trees except for the large one in the front yard that has been pruned.

New Westminster – West End: 1514 Dublin Street 

Price: $ 1,098,000
Lot:
49.50 x 132 (6,534 Sq Ft.)
House size:  2,500 Sq Ft.
Bedrooms: 64
Bathroom: 3
Year Built: 1937
Zoning: NR-1

 

 

 

 

 

Why I Chose it:

 The location is key. It is nestled in a quiet street a few blocks away from Lord Tweedsmuir Elementary and short drive to all amenities. The price point is also great for someone who is looking to buy, hold and eventually build.

Vancouver East: 1715 Cotton Drive

Price: $ 1,298,000
Lot: 30.50 x 99 (3,019.5 Sq Ft.)
House size:  750 Sq Ft.
Bedrooms: 2
Bathroom: 2
Year Built: 1913
Zoning: RM-4N

 

 

 

Why I Chose it:

Located 3 doors in from 1st Ave 1715 Cotton Drive is in an area for multi-family development. This property is best for buying and holding until a land assembly happens.  As it stands, it is a part of the Granvdiew-Woodland Community Plan in an area zoned for up to 6 stories. This home would need to be assembled with the neighbouring 5 homes. Please contact us for more information regarding this investment.

Vancouver West – Point Grey: 4213 W 14th Avenue

Price: $ 2,300,000
Lot: 33 x 122 (4,026 Sq Ft.)
House size:  1,653 Sq Ft.
Bedrooms: 3
Bathroom: 3
Year Built: 1912
Zoning: RS-1

 

 

 

 

Why I Chose it:

This property is located in then heart of Point Grey. One of the only inside street listings under $2,500,000. This home has some trees on the lot that would need some arborists reports for a future build. Regardless, this is a sharply priced home!

Vancouver West – MacKenzie Heights: 3160 W 28th Avenue 

Price: $ 2,498,000
Lot: 33 x 130 (4,290 Sq Ft.)
House size:  2,134 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1930
Zoning: RS-5

 

 

 

 

 

 

Why I Chose it:

The location is key. This home is near Balclava Park and Lord Kitchener Elementary School. It sits on a 4,290 Sq Ft. lot, that will allow up to 3,003 Sq Ft. buildable living. Living in a quiet neighbourhood 15 minutes outside of downtown is attainable at $2,498,000. Buy, hold and build!