REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 12-19-2014, 05:13 PM   #1
Where's my RS Christmas Lobster?!
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 870
Thanked 1,757 Times in 281 Posts
What do you think of this property and how much do you think it's worth?

My cousin just had their second child and their townhouse is getting a little cramped. He's thinking of moving out.

His townhouse is currently in Burnaby. He makes over six figures, so does his wife. They do pretty well.

Anyway, he send me a link to this new project. I think it's pretty sweet.

Benchmark Homes: Building Custom & Spec Homes in the Lower Mainland | The Estates at Southwood

He said he emailed them to figure out costs because it's not listed on the site. I'm too impatient to wait for their response, but how much do you think this house is worth?

It looks unreal. I love every aspect of it.

His wife works in Surrey, but he works in Burnaby, so it'll be a little trek for him, but if the price is right he said he's sold.

I think he's being premature obviously, guy doesn't even have a realtor yet, so i'm sure once he gets one, he'll have so many options even closer to where he lives.

Anyway, any idea of how much this place would cost? I'm thinking $1.5 million. Is that way off?
Advertisement
PeanutButter is online now   Reply With Quote
Old 12-19-2014, 05:15 PM   #2
Where's my RS Christmas Lobster?!
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 870
Thanked 1,757 Times in 281 Posts
Pictures for the lazy

Spoiler!
PeanutButter is online now   Reply With Quote
Old 12-19-2014, 05:30 PM   #3
Say! Say! Say!
 
Razor Ramon HG's Avatar
 
Join Date: Aug 2005
Location: Japan
Posts: 13,422
Thanked 2,018 Times in 769 Posts
It's going to be a long drive for him every day.. 168th and 23rd is almost next to the border.
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
Quote:
Originally Posted by 89blkcivic View Post
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
Razor Ramon HG is offline   Reply With Quote
Old 12-19-2014, 05:33 PM   #4
I contribute to threads in the offtopic forum
 
Gucci Mane's Avatar
 
Join Date: Jun 2013
Location: SRY
Posts: 2,628
Thanked 2,577 Times in 920 Posts
wow thats way the fuck out there for him.. but yeah, price should be at about 1 million or so.
Gucci Mane is offline   Reply With Quote
Old 12-19-2014, 05:37 PM   #5
OMGWTFBBQ is a common word I say everyday
 
punkwax's Avatar
 
Join Date: Jun 2006
Location: South Surrey
Posts: 5,295
Thanked 4,191 Times in 1,316 Posts
Nah, I drive from a less convenient area of S Surrey to hwy 1 and it's 45 mins to Burnaby.

Considering the area and that it is a spec home, I would guess 875k-1M range depending on appliances, square footage/full basement, lot size/location within the subdivision etc.

If he has 1.5 to spend, he could find a much nicer place in a far superior neighbourhood in South Surrey. Unless he gets a nicer/private lot (unlikely in these new neighbourhoods), I assume he'll be in a fishbowl with several houses having a direct view into your favourite spot

Edit, just checked realtor and looks like spec homes in the area are 730-930 but dont look as nice at the one you've posted..
__________________
If you drive like an asshole, you probably are one.

Last edited by punkwax; 12-19-2014 at 05:54 PM.
punkwax is offline   Reply With Quote
Old 12-19-2014, 05:44 PM   #6
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Location: Off-Topic
Posts: 27,727
Thanked 7,281 Times in 2,573 Posts
I'd say under a mill because they are essentially manufactured homes.

To be honest that area, Morgan crossing on the south side of 32nd ave is turning into kind of a ghetto. Not to the extent of Clayton heights but they are building a tonne of density in that area in both low rise wood frame and wood frame town houses.

We built the project right behind Home Depot, detached single family homes in strata. We began construction in 2008 right before the recession and the highest Somone paid right before that was around $750,000 for a 3500sq foot finished basement house. Some of them ended up going for around 520 in 2010/11

I know people really like to latch onto "new" construction but you're paying a big time premium for average construction where as if you went with an older house you'd probably be able to renovate and get far nicer appliances for the same amount as the new place.

Edit* just speaking to my dad who is a Warantee provider and knows quite a few of the projects he figures they run about $750k. Benchmark also builds pretty good stuff so if that's what he really wants it wouldn't be a bad choice. Although when you look at the "gallery" those houses are like the bare minimum distance apart. Somthing to consider when your neighbor is so close
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 12-19-2014, 05:47 PM   #7
Even when im right, revscene.net is still right!
 
Yodamaster's Avatar
 
Join Date: Dec 2011
Location: Burnaby, BC
Posts: 1,324
Thanked 1,481 Times in 465 Posts
Pattern home = Under $1 million.
Yodamaster is offline   Reply With Quote
This post thanked by:
Old 12-19-2014, 05:59 PM   #8
MG1
Fathered more RS members than anybody else. Who's your daddy?
 
Join Date: Aug 2002
Posts: 18,739
Thanked 8,232 Times in 3,265 Posts
Quote:
Originally Posted by PeanutButter View Post
My cousin just had their second child and their townhouse is getting a little cramped. He's thinking of moving out.

His townhouse is currently in Burnaby. He makes over six figures, so does his wife. They do pretty well.

Anyway, he send me a link to this new project. I think it's pretty sweet.

Benchmark Homes: Building Custom & Spec Homes in the Lower Mainland | The Estates at Southwood

He said he emailed them to figure out costs because it's not listed on the site. I'm too impatient to wait for their response, but how much do you think this house is worth?

It looks unreal. I love every aspect of it.

His wife works in Surrey, but he works in Burnaby, so it'll be a little trek for him, but if the price is right he said he's sold.

I think he's being premature obviously, guy doesn't even have a realtor yet, so i'm sure once he gets one, he'll have so many options even closer to where he lives.

Anyway, any idea of how much this place would cost? I'm thinking $1.5 million. Is that way off?
1.5 million will get him a decent house in North Burnaby and the drive to Surrey is much better than going to Burnaby from South Surrey.
MG1 is online now   Reply With Quote
This post thanked by:
Old 12-19-2014, 06:11 PM   #9
NOOB, Not Quite a Regular!
 
Join Date: Mar 2014
Location: vancouver
Posts: 45
Thanked 2 Times in 2 Posts
why does it matter what we think?
Pho Dac Biet is offline   Reply With Quote
Old 12-19-2014, 06:13 PM   #10
WOAH...shut the music off...
 
GLOW's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 7,793
Thanked 4,701 Times in 1,887 Posts
Quote:
Originally Posted by Hondaracer View Post
I'd say under a mill because they are essentially manufactured homes.
Quote:
Originally Posted by Yodamaster View Post
Pattern home = Under $1 million.
Quote:
Originally Posted by MG1 View Post
1.5 million will get him a decent house in North Burnaby and the drive to Surrey is much better than going to Burnaby from South Surrey.
+1.

hell you can shop around and find houses in 1.5-1.7 in east van too but driving out to surrey would kind of suck. when i was shopping around earlier this year we found a couple of new homes in north burnaby at around 1.2 but only around 2500 sq-ft. a few older homes near SFU around the same price but they had 3500-4000 sq-ft iirc
__________________
Feedback
http://www.revscene.net/forums/showthread.php?t=611711

Quote:
Greenstoner
1 rat shit ruins the whole congee
Quote:
[04-06, 11:34]radiomanI'm doing happy hour with bj#3 today
[07-04, 10:27]radiomani need just the tip
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat

GLOW is online now   Reply With Quote
Old 12-19-2014, 06:33 PM   #11
Head of HR....have a seat on that couch
 
fliptuner's Avatar
 
Join Date: Jan 2003
Location: Coquitlam
Posts: 20,332
Thanked 13,193 Times in 3,596 Posts
A quick search shows there's lots of decent stock in the 1.2-1.5M range in S.Bby. Although older, the shorter commute and more time to spend with the family would make it worth it for me.

6626 GRIFFITHS AV, Burnaby, British Columbia $ V5E2X3 - V1083014 | Realtor.ca
7340 BURRIS ST, Burnaby, British Columbia $ V5E1Y3 - V1068415 | Realtor.ca
7675 16TH AV, Burnaby, British Columbia $ V3N1P5 - V1088144 | Realtor.ca
__________________
feedback

Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad


RSUV #7
fliptuner is offline   Reply With Quote
Old 12-19-2014, 06:56 PM   #12
My homepage has been set to RS
 
sdubfid's Avatar
 
Join Date: Aug 2002
Location: AB/BC
Posts: 2,047
Thanked 991 Times in 311 Posts
hope he can afford lots of lip kits, gonna need them with trees in the driveway
sdubfid is offline   Reply With Quote
This post thanked by:
Old 12-19-2014, 07:43 PM   #13
Rs has made me the woman i am today!
 
JesseBlue's Avatar
 
Join Date: Oct 2001
Location: Here! n There!
Posts: 4,079
Thanked 392 Times in 205 Posts
its obvious that they value the wife being closer to her work and possibly the proximity to the border...
__________________
Go Canucks Go!
JesseBlue is offline   Reply With Quote
This post thanked by:
Old 12-20-2014, 01:02 PM   #14
I subscribe to Revscene
 
DC5-S's Avatar
 
Join Date: Mar 2007
Location: Vancouver
Posts: 1,959
Thanked 320 Times in 123 Posts
Must be fun paying off a mortgage for the rest of your life
DC5-S is offline   Reply With Quote
This post thanked by:
Old 12-20-2014, 01:12 PM   #15
MiX iT Up!
 
tiger_handheld's Avatar
 
Join Date: May 2006
Location: vancouver
Posts: 7,691
Thanked 1,908 Times in 771 Posts
Quote:
Originally Posted by DC5-S View Post
Must be fun paying off a mortgage for the rest of your life
the family has a 2x 6 figure income. I think the mortgage is the least of their concern. On average 50k is all that is needed to "live" and the rest is gravy. Their gravy is 150k at min.
__________________

Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
tiger_handheld is offline   Reply With Quote
Old 12-20-2014, 01:13 PM   #16
I subscribe to the Fight Club ONLY
 
westopher's Avatar
 
Join Date: Apr 2011
Location: vancouver
Posts: 7,164
Thanked 18,389 Times in 3,972 Posts
Quote:
Originally Posted by DC5-S View Post
Must be fun paying off a mortgage for the rest of your life
You aren't the best at math eh?
They have TWO 6 figure incomes. These are the perfect example of people who CAN afford a home in the GVRD.
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
westopher is online now   Reply With Quote
This post thanked by:
Old 12-20-2014, 07:02 PM   #17
GS8
I subscribe to Revscene
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 1,991
Thanked 4,127 Times in 1,103 Posts
My entire home is smaller than the kitchen

GS8 is offline   Reply With Quote
Old 12-21-2014, 12:13 AM   #18
I subscribe to Revscene
 
DC5-S's Avatar
 
Join Date: Mar 2007
Location: Vancouver
Posts: 1,959
Thanked 320 Times in 123 Posts
Quote:
Originally Posted by westopher View Post
You aren't the best at math eh?
They have TWO 6 figure incomes. These are the perfect example of people who CAN afford a home in the GVRD.
I didn't even read that, my bad. House prices in GVRD are absolutely atrocious these days. Can't wait for the next crash.
DC5-S is offline   Reply With Quote
This post thanked by:
Old 12-21-2014, 12:27 AM   #19
Revscene.net has a homepage?!
 
Marshall Placid's Avatar
 
Join Date: Jan 2013
Location: Richmond
Posts: 1,296
Thanked 1,934 Times in 494 Posts
3,600+ sq. ft.

Near Morgan Crossing (for comps).

New Home.

Built by a developer (not a small-sized contractor/builder)

Price probably in the $1.4 to $1.7 range.

Depends on the land size though (probably 3,500 to 4,800 sq. feet... PROBABLY).

Prices in Morgan Crossing grew 20% from 2012 to 2014.

That house would have been $1.2 back in late 2012 to early 2013.

now? $1.4 to $1.7 range.

At that price... there are a lot of options other than the White Rock/South Surrey area, namely West Van and North Van, highway access to Burnaby for work, etc.

Your cousin should definitely look at all the possibilities, and not just be smitten with that specific development.

Good luck and wish you your cousin the best AND have a LITTLE fun finding their next home.

PS: good time finding a home though (season wise... not price wise) because it's the start of Winter and it's more of a buyer's market right now.

NEGOTIATE the price, even if it is with developers (free upgrades, etc. is better than nothing).
Marshall Placid is offline   Reply With Quote
Old 12-21-2014, 12:37 AM   #20
I subscribe to the Fight Club ONLY
 
westopher's Avatar
 
Join Date: Apr 2011
Location: vancouver
Posts: 7,164
Thanked 18,389 Times in 3,972 Posts
Quote:
Originally Posted by DC5-S View Post
I didn't even read that, my bad. House prices in GVRD are absolutely atrocious these days. Can't wait for the next crash.
The thing is, the only thing that is going to cause a collapse is the BOC increasing lending rates. Real estate prices may go down, but the amount of interest the bank takes goes up. Monthly payments are equally as fucked either way which is what determines affordability for the average buyer (People with 20-30% down payments)
Its a simple solution on paper. You want to buy in Vancouver? Make more money. Its the only way its happening for us "middle class" folks.
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
westopher is online now   Reply With Quote
Old 12-21-2014, 12:44 AM   #21
I contribute to threads in the offtopic forum
 
Gucci Mane's Avatar
 
Join Date: Jun 2013
Location: SRY
Posts: 2,628
Thanked 2,577 Times in 920 Posts
Quote:
Originally Posted by DC5-S View Post
I didn't even read that, my bad. House prices in GVRD are absolutely atrocious these days. Can't wait for the next crash.
keep waiting guy. prices wont ever crash here, they'll go from retarded expensive to expensive.
Gucci Mane is offline   Reply With Quote
This post thanked by:
Old 12-21-2014, 01:52 AM   #22
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,647
Thanked 1,938 Times in 765 Posts
Rule of thumb is 15x whatever it can rent for annually

For those salivating over 2x 6 figure salaries thinking ur now on the gravy train, trust me, ur not. U just end up paying loads of tax, and your relative monthly investment amount increases (God, I hope these ppl are using their salaries to invest for the future, retirement on a gov pension would be one hell of a come down), once you earn good money and can afford nicer things in life, it makes you want the security to never have to come down from that, hence the need for a monster investment kitty.

I'd pay $500k max for that house. But I also don't think the land is worth much, and don't really value real estate in Canada that highly given the shit cap rates
4444 is offline   Reply With Quote
This post thanked by:
Old 12-21-2014, 01:59 AM   #23
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,647
Thanked 1,938 Times in 765 Posts
Quote:
Originally Posted by Knight_KB View Post
keep waiting guy. prices wont ever crash here, they'll go from retarded expensive to expensive.
Housing is cyclical, it will revert to mean. It's not different here, even westopher, perhaps unknowing just proved that prices are driven by low interest rates.

Said increase in rates will spook the fuck out of ppl and will begin the slow, long slog of decreased real pricing.

Let's not also forget, Canada's economy sucks, yes there are some tailwinds from production sales to a growing and strong US economy, but natural resources are in for a mid term slump, which will screw many pooches, and debt loads are just too high to justify in this country.

Now, if OP has a property already, he's in the market so has his entry price, any overzealous pricing increases, justified or not, are built into most properties, so it's just a relative move up, he should take advantage of the low rates and swap one house for another.

On the realtor front, negotiate with them, they make money for nothing and don't deserve More money today just bc interest rates are low making housing prices higher.
4444 is offline   Reply With Quote
Old 12-21-2014, 02:24 AM   #24
Need to Shave n Shower, but I CANT STOP POSTING ON RS
 
Join Date: May 2005
Posts: 19,764
Thanked 6,443 Times in 1,211 Posts
the stairs and some parts of the house remind me Paranormal Activity
asian_XL is online now   Reply With Quote
Old 12-21-2014, 02:29 AM   #25
Where's my RS Christmas Lobster?!
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 870
Thanked 1,757 Times in 281 Posts
I did some more digging and it looks like it is around $1million

The Estates at Southwood by Benchmark Homes Ltd.: Surrey | BuzzBuzzHome

Yeah, I think he is just giddy about the development itself. I told him to get a realtor to actually show them options and walk them through the whole process.
PeanutButter is online now   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 04:23 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net