About this home

Welcome to Kitchener Mews, where urban convenience meets contemporary elegance! This stunning 2 bedroom + loft townhome is nestled in the heart of the vibrant Commercial Drive neighbourhood. 

Enjoy vaulted 11 ft ceilings, ample natural light, spacious bedrooms, modern open concept living, Quartz waterfall countertops, high-end appliances, & versatile loft space that can serve as a 3rd bedroom, office or small workout area. Included is an extra large storage locker & secure underground parking. Pets and rentals allowed. Visit the open houses Thursday May 11th 6-8pm, Saturday & Sunday May 13th & 14th from 2-4pm or call for a private viewing. Embrace the lifestyle you've been dreaming of at Kitchener Mews—your new home awaits!

Call Felix for your private showing at 604-315-1840

With listing activity remaining below historical norms, home sales in Metro Vancouver1 have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,741 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below the 10-year seasonal average (3,249).

“The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling,” Lis said. “The latest MLS HPI® data show home prices have increased about five per cent year-to-date, which already outpaces our forecast of one to two per cent by year-end. The year is far from over, however, and it remains to be seen if these price increases will be sustained into 2024.”

There were 4,307 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2023. This represents a 29.7 per cent decrease compared to the 6,128 homes listed in April 2022, and was 22 per cent below the 10-year seasonal average (5,525).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,790, a 4.2 per cent decrease compared to April 2022 (9,176), and 20.9 per cent below the 10- year seasonal average (11,117).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2023 is 32.7 per cent. By property type, the ratio is 24.4 per cent for detached homes, 40.1 per cent for townhomes, and 37.4 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“When we released our market forecast in January, we were one of the only organizations taking the contrarian view that prices were likely to appreciate in 2023,” Lis said. “And what we’re seeing unfold so far this year is consistent with our prediction that near record-low inventory levels would create competitive conditions where almost any resurgence in demand would translate to price escalation, despite the elevated borrowing cost environment. At the crux of it, the issue remains a matter of far too little resale supply available relative to the pool of active buyers in our market.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,170,700. This represents a 7.4 per cent decrease over April 2022 and a 2.4 per cent increase compared to March 2023.

Metro Vancouver - Arpril 2023Greater Vancouver - April 2023Fraser Valley - April 2023

Sales of detached homes in April 2023 reached 808, a 16.3 per cent decrease from the 965 detached sales recorded in April 2022. The benchmark price for detached properties is $1,915,800. This represents an 8.8 per cent decrease from April 2022 and a 2.9 per cent increase compared to March 2023.

Sales of apartment homes reached 1,413 in April 2023, a 16.5 per cent decrease compared to the 1,693 sales in April 2022. The benchmark price of an apartment property is $752,300. This represents a 3.1 per cent decrease from April 2022 and a two per cent increase compared to March 2023.

Attached home sales in April 2023 totalled 500, a 13.5 per cent decrease compared to the 578 sales in April 2022. The benchmark price of an attached unit is $1,078,400. This represents a 6.1 per cent decrease from April 2022 and a 2.1 per cent increase compared to March 2023.

- From the Real Estate Board of Greater Vancouver

If you would like to discuss specific stats for the sub-market you live in, please give me a call as I love talking about it!

Felix 604-315-1840

Advanced client previews are now available! Starting tomorrow, April 25th 2023- Call Felix at 604-315-1840 to book your spot, and learn more about this exciting development coming to East Vancouver. 

Stretching across a full city block, Woodland Block borrows inspiration from New York City-architecture for a distinct new community at Nanaimo and 10th near Trout Lake. Seventy-two townhomes and flats are designed for real life, with mid-century modern influences, a collection of retail conveniences out your front door, and residential amenities that bring the whole block together.

Come back to what’s really important. Life together. Life with substance. Life built better. Come home to life at Woodland Block.

OVERVIEW

Location & Presentation Centre: 2375 E 11th Ave, Vancouver, BC V5N 4X7

Site: 7 Single Family Lots – Between 10th – 11th (Entire Block on Nanaimo Street)

Product Type: Woodframe Townhomes + Apartments

Est. Completion: Fall/Winter 2025

# of Homes: 72 Homes

Stories: 5

TEAM

Developer: First Track Development – President, Sasha Faris

Architect: Ekistics Architecture – Charles Lehman

Interior Design: House of Bohn – Karin Bohn

Construction: Intergulf Construction

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72 Townhomes and Flats at 10th + Nanaimo??Venture into East Van’s Grandview-Woodland community and you know you’ve arrived someplace special. Locals are genuine, friendly, intriguing, and full of stories, giving one-of-a-kind colour and texture to this vibrant neighbourhood. Character radiates from shops, restaurants, art, parks, and heritage homes. Warmth and charm make up the soul. People who grew up here return. And those who move here never leave. Real life is not something you’re nostalgic for — it’s here, alive and meaningful and incomparable.??

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If you're reading this, you may be planning to sell your home in the near future. You probably want to get the best possible price for it, right? . One of the key factors in achieving that is ensuring that your home is in good condition and properly staged to appeal to potential buyers. As a listing real estate agent with years of experience, I've seen firsthand the importance of properly preparing a home for sale. It still surprises me to this day, that some of the simplest tweaks can make a world of difference. Buyers can be very finicky, and my job when preparing a home for sale is to envision myself as a buyer for that home. My goal is, when we've completed all these steps, is to walk through with a "buyers hat" on and be thoroughly impressed. 

I'll share some tips and strategies for getting your home ready to sell.

Start with a deep clean

The first step in preparing your home for sale is to give it a thorough cleaning. This includes not only the usual dusting and vacuuming, but also deep cleaning tasks such as scrubbing the bathrooms and kitchen, washing windows, and steam cleaning carpets. A clean home not only looks better to potential buyers but also gives the impression that the home has been well-maintained. Many local cleaning companies offer this type of deep clean service, or a "move in/move out" service. It's worth every penny .

Declutter and depersonalize

When potential buyers come to view your home, they want to be able to envision themselves living there. That can be difficult to do if the home is cluttered with personal items such as family photos and knickknacks. To make it easier for buyers to imagine themselves in the space, remove as many personal items as possible and declutter each room. This will also make the home feel more spacious and open.This also applies to preparing for professional photos. I always advise my clients to remove as many personal items as possible (pictures, awards, odds and ends). The purpose of this is for buyers who are looking at your home online to not be distracted on anything in your photos, but rather really focus on the space to allow them to visualize living in it. 

Make minor repairs and updates

As mentioned above, buyers are discerning, which is ok. But repairs can be used by buyers as leverage to justify a lower offer, or they may ask the seller to repair these items if there is an accepted offer. So, I would always recommend getting ahead of it, before listing your home.This could include fixing leaky faucets, replacing broken light fixtures, and patching holes in the walls. You might also consider updating outdated fixtures or appliances, such as replacing an old dishwasher with a newer model. These updates can help your home feel more modern and well-maintained, which can be attractive to buyers.

This is paramount to properly showcase your home. Staging can simply involve arranging furniture and decor in a way that highlights the best features of your home and creates an inviting atmosphere. This might include rearranging furniture to make rooms feel more spacious, adding decorative touches such as throw pillows or artwork, or bringing in plants to add some natural beauty. Professional home staging is good option as well, but comes at a cost. However, the value professional staging adds to the presentation and pictures, is more often than not worth every penny, and will be reflected in the offers you receive. Either way, even small changes can make a big difference in how your home is perceived by potential buyers.

Boost curb appeal

First impressions matter. The first thing potential buyers will see when they arrive at your home is the exterior. That's why it's important to ensure that the exterior of your home is in good condition and looks inviting. This might include tasks such as painting the front door, trimming overgrown bushes, and planting some colorful flowers. You might also consider power washing the exterior of the home to give it a fresh, clean look.

Price your home appropriately

No matter how well you prepare your home for sale, if it's priced too high, it may not sell. That's why it's important to work with your experienced Real Estate Agent to determine an appropriate asking price for your home. Factors that can influence the price include the current real estate market, the condition of your home, and the location. I take great care in this part of the process, and can help you set a price that will attract potential buyers while still giving you a fair return on your investment.

Market your home effectively

Once your home is ready to sell, it's time to start marketing it to potential buyers. This is where I shine, using every available means to market your home effectively. What we can't control is the market, but as a listing agent- I firmly believe in taking full advantage of all strategies I can control. This might include listing your home on multiple real estate websites, sharing it on all my social media, creating targeted ads, and sending strategic postcards to neighbours who may be in the market or know someone who is . The Open House is the big game day, and as an experienced listing agent I do a great deal of work before the first open house. Anticipation should be created, and when the first open house is scheduled, it's show time. 

Preparing your home for sale can take some effort, but it's worth it if you want to get the best possible price for your home. By following these tips and strategies, you can ensure that your home is in good condition, properly staged, and marketed effectively. A well-prepared home is more likely to attract potential buyers and sell quickly, which can save you time, money, and stress in the long run.

Remember, the goal of preparing your home for sale is to create a space that appeals to potential buyers and helps them envision themselves living there. By decluttering, deep cleaning, making minor repairs, and staging your home, you can create an inviting and attractive environment that makes a great first impression. In addition, setting an appropriate asking price and marketing your home effectively can help generate interest and bring in more potential buyers.

If you're unsure where to start, or if you want more personalized advice on preparing your home for sale, please give me (Felix) a call for a no obligation consultation. I can provide valuable insights into your local real estate market, help you set a fair asking price, and develop a marketing strategy that will attract potential buyers. With the right preparation and guidance, we can sell your home quickly and for the best possible price.

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