As real estate prices in Vancouver’s neighbourhoods escalated out of reach, Vancouverites looking to own their home are heading east. New Westminster Realtor James Garbutt says he’s seeing more and more buyers looking at the city as an affordable alternative to Vancouver, but without giving up the amenities of city life. While $1.2 million might get you a tear-down on a small lot in East Van, in New West it can put you in a beautifully-renovated Craftsman heritage home that’s centrally-located close to schools, parks, shopping and transit. The city’s condo market offers similar value, says Garbutt. “Let’s take your typical 2 bedroom, 2 bathroom condo in a newer concrete high-rise. Currently in Yaletown or False Creek you’re looking at $1,100/sqft. In Burnaby’s Brentwood Park area you’re looking at $800/sqft , and in Downtown New West this figure goes down to $625/sqft.” That value isn’t going unnoticed in Vancouver. In fact, says Garbutt, over the past year about 30 percent of visitors to open houses he’s conducted in New West are from Vancouver. For detached homes in particular the number is much higher. Garbutt recently sold a beautiful Craftsman style home at 903 Henley St, New West. Roughly 75% of the open house visitors came from Vancouver. It achieved multiple offers, and the buyer was a young professional couple from Downtown Vancouver.
For detached, single-family homes in New Westminster sold in 2016, 51 per cent of the buyers’ agents were from Vancouver, suggesting their clients likely are as well, says Garbutt. For condos, 36 percent of the buyers’ agents were from Vancouver. “In New West, our main sources of buyers are coming from more expensive markets, primarily Vancouver,” says Garbutt.
Who’s buying houses in New Westminster
Who’s buying condos in New Westminster
New Westminster is no longer a secret, says Garbutt. “It’s centrally located. There’s a great sense of community and local pride that many other suburbs lack. And, quite frankly, it’s the most affordable community to buy into that’s within 30 minutes of Downtown Vancouver.” The city is undergoing a renaissance. After languishing through the 1990s as a marketplace for cheap street drugs peddled by Honduran dealers loitering around its SkyTrain stations, Downtown New West has come alive with new restaurants, with more on the way. At Eighth and Columbia Streets, the gleaming Anvil Centre has replaced a squalid block of cigar shops and temporary employment agencies. The western end of historic Front Street has been opened to the sky with the partial demolition of the old parkade. The waterfront has been enlivened by Pier Park and the River Market. The historic Queen’s Park neighbourhood abounds with lovingly-restored family heritage homes along quiet, leafy streets, and the Sapperton area surrounding Royal Columbian Hospital is alive with young families attracted to its affordable, smaller detached houses and new condo developments.
Progressive businesses like Steel & Oak Brewing Co., Brick + Mortar, El Santo and 100 Braid St. Studios actively promote the city far and wide on social media using the hashtags #newwest or #theroyalcity, which have more than 130,000 posts on Instagram combined. To preserve the city’s historic identity, City Hall is taking steps to implement historic design guidelines in neighbourhoods like Queen’s Park. The City works with developers to maintain historic building facades, like the Trapp & Holbrook and the Freemasons Hall, which is currently being transformed into a new residential development.
With the pressures of growth, New West is looking at finalizing a new Official Community Plan in June (check out the 25 year vision at: OUR CITY 2041), that will introduce higher density in certain neighbourhoods and laneway houses throughout the city. The city is growing conservatively without losing its identity, says Garbutt. It’s being proactive about managing that growth. That’s attracting new businesses and new residents. Especially from Vancouver.
A CITY REVITALIZED New Westminster is well known for its rich character and history, just like Ledingham McAllister, with our 107 year history of building quality communities throughout British Columbia. As a result, we are incredibly proud to introduce Dominion, a community of Craftsman-style residences to British Columbia’s original capital city.
The Grove at Victoria Hill – 2 Bed, 2 Bath, 951 SF West Facing unit overlooking the inner courtyard with Large Balcony. Very Quiet and surrounded by Greenspace this unit features a very spacious & open Living/Dining/Kitchen Area. Gourmet Kitchen with stainless steel appliances, lots of cabinets & island. Ideal Floorplan with two bedrooms located on opposite sides of the living room, Master Bedroom has walk-through closet leading into a Full Bathroom. Great Amenities at the Boiler House: Gym, Theatre, Study, Party Rm/Lounge, Outdoor Basketball Court. Central Locations, steps to Queens Park, 15min walk to Skytrain or 10 min Bus. Won’t last! Must See! Virtual Tour MLS Feature Sheet #304 290 Francis Way
The Grove, Victoria Hill – Gorgeous 2 bed, 2 bath West facing suite with large balcony overlooking the inner courtyard. Very quiet & private location, great floor plan, open concept living/dining/kitchen area. 2 bedrooms on opposite sides of the living room, 2nd bdrm has walk in closet, master bedroom has walk-through closet leading into a full bathroom. Gourmet kitchen with plenty of cabinet space, stainless steel appliances & granite counters (granite in bathrooms as well). Excellent amenities at the Boiler House; gym, theatre, study area, party room/lounge, basketball court. Great location, surrounded by parks & greenspace. 15 min walk to skytrain or 10 min bus. Suite shows well, priced to sell, must see. Virtual Tour MLS Feature Sheet 208 270 Francis Way
2. 608 Belmont St- The Viceroy (Blue Sky Properties): 24 Storey Condo High-rise with spectacular views. Units starting at just $289,900 in this great central location.
3. 777 Columbia St – New Westminster Civic Centre: Although the building partner Uptown Developments just pulled out the City will still go ahead with the 4 storey Civic Centre and 8 storey Office tower. This will allow for more retail space, create new jobs, and add to the booming downtown area.
4. 920 Ewan Ave- Queensborough Community Centre Expansion: The Queensborough Community Centre is getting some great upgrades that will bring a lot of new opportunities to the community including daycare, fitness facilities, Queensborough Library, and much more. Check out a virtual computerized tour of the new facility!
January 1st – June 1st market update for Burnaby East 60 Detached Houses have been sold, average sale price is $835,000 with an average days on market at 35. 39 Townhomes have been sold, average sale price is $444,400 with an average days on market at 30. 26 Condos have been sold, average sale price is $422,500 with an average days on market at 34. Community News: Edmonds Community Centre is almost up and running, this centre houses a new leisure pool with all the amenities, fitness area, gymnasiums, youth centre, seniors centre, coffee bar, and more. 2 exciting developments as well. ‘Vibe’ by SVM Homes is great urban modern living and ‘Reflections’ by Ledingham McAllister are sleek contemporary city condos. For more info on the the new Edmonds Community Centre, ‘Vibe’, or ‘Reflections’ click here. If you are thinking of making a move in Burnaby East please give us a call.
New West Quay Market is open and the boardwalk is busy. Great new restaurant ‘Wild Rice’ which features modern chinese cuisine. Pier Park also offically opens June 16th with a grand opening party. New West Station Mall is coming to life! Safeway, Shoppers, Landmark Cinemas, CIBC, and A&W are all open for your shopping enjoyment. Here are the most recent MLS Stats from Jan. 2012 – May 2012. Townhomes: 2 Sold Average Sale Price: $338,800 Average Price per Square Foot: $349 Average Days on the Market: 29 Condos: 50 Sold Average Sale Price: $351,000 Average Price per Square Foot: $349 Average Days on the Market: 35 Highest Sold Townhome: $347,000 Highest Sold Condo: $480,900 If you are thinking of making a move in New Westminster Quay please give us a call Click here for more information about the New West Station Mall ‘The Plaza’.
THE POINT – Great Building & Great Location!! 2 Beds & 2 Full Baths corner suite with Large Balcony facing North East with Fraser River & Mountain Views!! This Suite features engineered hardwood flooring, stainless steel appliances, granite counters, electric fireplace, large master bedroom suite with walk-through closet, open floor plan, spacious kitchen with lots of cabinets, floor-to-ceiling windows bringing in plenty of natural light. Amenities include: indoor pool, hot tub, sauna, exercise room, lounge, media room…. Pets allowed with restrictions, rentals allowed. 1 parking stall included. Central location, steps to starbucks, shops, restaurants, Skytrain & NW quay Market.
Trapp+Holbrook New Westminster Condos by The Salient Group > Starting from just $219,900 > Modern Living in Historic Neighbourhood > GET VIP ACCESS!
For your chance to get VIP ACCESS to the best pricing & suites, register below > 20 storeys of panoramic view homes at New West Trapp + Holbrook start from just $219,900: PREVIEWS START MAY! Full disclosure, The Salient Group is one of our top 3 favourite developers in the Lower Mainland.
Trapp+Holbrook Condos in New Westminster
New Westminster Trapp+Holbrook Condos by the Salient Group will be launching VIP Sales in late Spring 2012! We LOVE this project for 3 main reasons. Firstly, the Salient Group is one of our favourite boutique builders and the new Trapp+Holbrook New Westminster condos will certainly fit the Salient classic meets modern take on projects. Secondly, the location of the New Westminster Trapp+Holbrook condos is undeniably impeccable, providing a ground level opportunity to own in a historic location that is coming into its own. Thirdly, the New Westminster Trapp+Holbrook condos by Salient Group will feature incredible panoramic views at an affordable price point. From first time condo buyers to investors, the boutique Salient Trapp+Holbrook Condos in New Westminster real estate market will provide something for every homebuyer and for every budget. Just released is the starting price point for the VIP Sales at the Trapp+Holbrook New Westminster condo project, and guess what? It’s in line with, or even lower, than what we first expected! The Trapp+Holbrook Condos in New Westminster real estate market will start from an incredible VIP price point of $219,900! Where else would you find a New West condo for sale that is brand new, features a great location and is prime for great capital gains over the coming years, starting from just the low $200’s and built/designed by one of the leading boutique builders in all of the Greater Vancouver regional district? The answer is, nowhere by at the New West Trapp+Holbrook Salient Group condo project! Register today for more information. You can visit www.thesalientgroup.com or www.thliving.com for more details or you can speak with our Rennie representative for your chance to preview the homes and purchase them at the Realtor VIP Event.
The New Westminster Trapp+Holbrook Project Team
Developer = The Salient Group (one of our favourite boutique builders in Canada!) Contractor = Ventana Construction Corp (they built my first condo) Architect = IBI/HB Architects (leading edge, designed my investment at West Pender Place) Interior Design = Cristina Oberti Interior Design Inc (awesome designs and ideas) Landscape Architect = Sharpe & Landscape Architecture Inc Marketing & Sales = Rennie Marketing Systems (proven results, great team)
Introducing the Trapp + Holbrook New Westminster Condos
From the email desk: It’s time! New Westminster real estate’s heritage downtown district is evolving and Trapp + Holbrook condo tower is at the centre of it all. Brought to you by the same world class and leading developer who redefine Gastown Vancouver living, The Salient Group is now bringing their signature style and quality to Metro Vancouver’s hottest emerging neighbourhood in New Westminster real estate market – at unbeatable pricing and value. Previews for the New West Trapp + Holbrook condos by Salient Group will start in May 2012! As featured in their email blast, Rennie Marketing will be in charge of the promotion of this project. Rennie is a top marketing specialist with a great portfolio under their belt. With Rennie promoting the New West Trapp + Holbrook Condos by the Salient Group, we expect the project to sell out very quickly due to the offering, location and price point. Billed as ‘The New Classic’, the Trapp + Holbrook New Westminster condos for sale will feature 20 storeys of panoramic view residences starting from a presales pricing from $219,900. Plus you get receive the first time homebuyer tax credit on these new homes. It’s Time! Five stand out features of the new Trapp + Holbrook New Westminster condos for sale include its proximity to the SkyTrain that will zip you downtown in no time as well as it’s historic downtown New West location. Other standout features include it’s walking distance to The Quay in New Westminnster as well as new parks and the amazing Fraser River views! Modern Living in historic New Westminster is now here at Trapp + Holbrook condo tower.
Modern Living in Historic New West Trapp and Holbrook Condo Project
Here are some of the incredible features at the Trapp and Holbrook New West condo project brought to you by The Salient Group development team: > 196 condo homes in a 20 storey high-rise New West condo tower > 100 presale homes priced under $299,900 at Trapp and Holbrook New West > Starting price point from $219,900 (the best value in downtown New West real estate market!) > Heritage building features meets modern high-rise residences; modern interiors; high-end finishes > New CONCRETE construction featuring carefully reconstructed heritage Trapp + Holbrook building facades > Trapp and Holbrook New West condos range from 1 bedroom to 2 bedroom plus den floor plans > Expected to have 2 floors of heritage style New West Trapp and Holbrook homes for sale to compliment The Salient Group brand > Rest of the homes are tower residences, some with panoramic views > Located on Columbia Street New Westminster, just one block from 6th Street, SkyTrain Station, bustling River Market and the new Westminster Pier Park! > Incredible views of the Fraser River and city skyline from the 4th floor and up > Previews start in May 2012, presales possibly in late May or early June 2012.
The New Westminster T&H Condos > TH Living
It’s Time… TH Living by The Salient Group is now here. Called Trapp + Holbrook or the New Westminster T&H Condos or TH Living depending on where you look, the boutique Salient Group New Westminster real estate development will be situated between 6th and 7th Street and between Columbia Street and Front Street, on Columbia. The New Westminster SkyTrain station is just steps away as is the River Market from the TH Living New West T&H Condos, which makes it an unbelievable well situated project. In addition, the Salient Group continues their long history of incredibly designed historic meets modern projects and the TH Living New Westminster T&H Condo building at Trapp + Holbrook is no different whatsoever. The first 2 floors features a classic traditional façade that will be carefully and painstakingly preserved and revitalized for the project. Everything up from there is a brand new high-rise tower. The New Westminster T&H Condos at TH Living will also feature interiors that are incredibly modern, well thought out and inspiring. Here, The Salient Group has integrated a wide range of high-end finishes that include quartzite countertops, KitchenAid stainless steel appliances and integrated Blomberg refrigerators to name a few features. More to come regarding the interior finishes and palettes as the grand opening previews is set for May 2012! We are so excited about this new Trapp+Holbrook New Westminster T&H Condo project by The Salient Group! Don’t miss out on this great urban and ground level opportunity to own in historic New Westminster real estate market from the low $200k range!
More about Trapp & Holbrook New West Condos for Sale
The Trapp Block and Holbrook Building in New West is located at 668 Columbia Street New Westminster and will see a new construction property with heritage components restored for that signature Salient Group design and brand. The 1 to 2 bed plus den homes for sale will feature layouts between the sizes of 483 to 1208 square feet and is scheduled for completion in late 2014. The Trapp Block and Holbrook Building is going to transform this entire downtown historic area into one of the most highly anticipated redevelopments this year. Plus, having the Salient Group as the developer/builder certainly helps as they have one of the top track records when it comes to boutique New Westminster condo project development as well as customer service. The Trapp & Holbrook condo previews start May 2012! Stay tuned for more information.
Trapp + Holbrook Presentation Centre (668 Columbia Street, New Westminster). Sales commence May 26. These 196 homes offer a rare combination of quality and terrific value, with 100 suites available under $299,900! Trapp + Holbrook features:
Carefully reconstructed building façades from the original Trapp and Holbrook Blocks in 1913
5th floor amenity space featuring lush green spaces, community garden plots, river-view sundeck, BBQ facility, fireside lounge, fully-equipped fitness centre, and meeting room
New concrete construction backed by Travelers 2-5-10 New Home Warranty
Stylish interiors that developer The Salient Group has become well-known for, including streamlined kitchens with Blomberg integrated refrigerator, wide-plank laminate flooring, sleek roller shades, and more!
Historic New West has all the markings of a hot, emerging neighbourhood. Enjoy your one-block walk to New Westminster SkyTrain Station, the newly reborn River Market for sustainable produce, Metro Vancouver’s most progressive Asian fusion restaurant, Wild Rice, plus Columbia Street boutiques, cafés, and exciting new eateries right outside your door! Tower Suites Levels 5-19 1 Beds from $219,900 2 Beds from $339,900 2 Bed + dens from $421,900
Holbrook Suites Levels 3-7 1 Bedrooms from $234,900
1 Bed + dens from $277,900
Penthouse Suites Levels 20-21 2 Beds from $429,900 2 Bed + dens from $579,900