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Originally Posted by Harvey Specter
So Avalon 3 (river district) is coming up for sale. Peaked my interest when I read two bedrooms including parking will be around $750k, units also have AC and the building has concierge and full gym. Any of you guys looking to buy a unit?
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My fiancees mom bought herself a unit. But it's in Avalon 2. Cant' wait to get to use their sky lounge
Quote:
Originally Posted by Harvey Specter
I think the area has potential. They'll be a school, community centre, shops/restaurants including Save On. Only thing lacking is transit like a skytrain station nearby.
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Funny Save on is coming in especially when there's one 5 minutes away at Byrne Crossing. I personally prefer not to have a skytrain station nearby. Having grown up 5 minutes from Broadway Station nothing but riff raff and domestic crime all those years living there. Maybe I'm jaded but I still feel Skytrain Stations just bring up neighborhood crime rates up.
Quote:
Originally Posted by Wormiez
What you think of the pricing scheme? Seems rather low for a phase 3 project. I am thinking the lowest units will sell for $800+..
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There was a slight bump in price from phase 2. With another 7ish years of development left the prices will continue to raise but the biggest increases will be seen once amenities start to open up. Right now there's really nothing here other than Romers burger and Everything Wine. Starbucks and Save On Foods is opening up next year. I think that's when the price increase will jump.
Quote:
Originally Posted by Harvey Specter
I feel the area is undervalued and has future potential.
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Undervalued due to under development and future potential for sure. Rental units here are still gobbled up despite not having much open in the area