Blog › November 2015

New Listing 216 - 6168 London Road, Richmond, BC


R2018622 - 216 - 6168 London Road, Richmond, BC, CANADAView my new listing for sale SOLD at 216 - 6168 London Road, Richmond and currently listed at $719,900.SOLD

The Pier at London Landing is a unique waterfront development on the South shore of the Fraser River. This west-facing home features an open concept floor plan, spacious living area, entertainment style kitchen and dining areas and year-round climate comfort indoors thanks to centralized air conditioning and heating (Geo-exchange). The generous terrace with water and gas BBQ hook-ups allow you to make the most of your outdoor living space and offers scenic views of the river and waterfront park. This building will be ready Spring 2016.

New Listing 412 - 6233 London Road, Richmond, BC


R2018175 - 412 - 6233 London Road, Richmond, BC, CANADAView my new listing for sale at 412 - 6233 London Road, Richmond and currently listed at $578,000.

Spectacular and Quiet 2 level Penthouse, 2 bedroom, 2 full baths with amazing views in Steveston's popular London Station development. Main floor offers a Luxurious and Open Kitchen with Granite counter tops, Kitchen Island, Stainless Steel Appliances, Wine Fridge, Bamboo flooring. Living room with Gas fireplace and a good sized deck. Huge master upstairs with 2 closets, fabulous ensuite and a Spacious deck offering wide open views of the farmland & North Shore Mountains. 2 secured parking stalls, 1 locker and plenty of visitor parking. Easy access to Steveston Village, McMath Secondary, Homma Elementary and the Dyke.

Recently Sold Listing 10591 Trepassey Drive, Richmond, BC


R2012787 - 10591 Trepassey Drive, Richmond, BC, CANADAI have just recently sold this listing at 10591 Trepassey Drive, Richmond.

Recently Sold Listing Ph10 - 13040 No 2 Road, Richmond, BC


R2012601 - Ph10 - 13040 No 2 Road, Richmond, BC, CANADAI have just recently sold this listing at Ph10 - 13040 No 2 Road, Richmond.

Recently Sold Listing 9 - 12251 No. 2 Road, Richmond, BC


R2014077 - 9 - 12251 No. 2 Road, Richmond, BC, CANADAI have just recently sold this listing at 9 - 12251 No. 2 Road, Richmond.

Recently Sold Listing Ch15 - 13040 No 2 Road, Richmond, BC


R2012596 - Ch15 - 13040 No 2 Road, Richmond, BC, CANADAI have just recently sold this listing at Ch15 - 13040 No 2 Road, Richmond.

Recently Sold Listing 302 - 10631 No 3 Road, Richmond, BC


R2012950 - 302 - 10631 No 3 Road, Richmond, BC, CANADAI have just recently sold this listing at 302 - 10631 No 3 Road, Richmond.

REBGV October 2015 Market Update Video




Strata Water Deductible - Be in the know!


PROTECT YOURSELF: STRATA WATER DEDUCTIBLE REVIEW REMINDER

WEBSITE OPTIONSThe majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation's master building policy and if not advise their insurance broker immediately. 

The BC Strata Property Act requires that any AGM Notice includes a copy of the strata corporation's insurance policy summary. This summary page will include a notation on what the building’s current water deductible amount is. Depending on any resultant water damage claims filed in the past policy year and the extent of damage, this deductible amount can increase to a staggering amount from the previous year. It is not uncommon for strata's today to have a deductible in the $50,000 to $100,000 range from the days of when they were $5,000 to $25,000.  

WHY IS THIS IMPORTANT TO YOU AS A STRATA OWNER?
Deductible assessment coverage is an additional coverage that has become increasingly important in light of the increasing cost and frequency of resultant water damage claims. For example, if the building is damaged due to a water leak, the strata corporation would generally file a water damage claim with its own insurance company.
Section 158 of the Strata Property Act states that the insurance deductible in respect of a claim is a common expense, but the strata corporation may sue an owner in order to recover the deductible portion of an insurance claim if the owner is responsible for the loss or damage that gave rise to the claim. Two landmark BC court decisions in 2007 determined that the strata corporation need not prove negligence in order to determine owners' responsibility. A strata corporation may sue a strata lot owner to recover the insurance deductible even though the owner was not negligent and merely caused or brought about the events that resulted in the damage.

To remove ambiguity and potentially save on future legal expenses, some strata corporations have passed bylaws that clarify that owners are strictly liable for damage to common property that originates in their units.

CONCLUSION
It is therefore important that all strata owners review the building policy and advise their insurance broker of the building deductible amounts to ensure their unit policy includes sufficient coverage for all building deductibles including water damage. This information is included in the insurance summary report within the NOTICE of Annual General Meeting that strata corporations are required to provide strata lot owners prior to the Annual General Meeting. Some strata buildings due to frequent or a single extensive resultant water damage claim are now facing water damage deductibles of $50,000 to $100,000.

ADDITIONAL COVERAGE FOR YOU TO CONSIDER
Additional coverage riders available to strata unit owners that are well worth considering are:
  • Increased unit improvements and betterments coverage insures upgrades to the unit a
  • Loss assessment coverage typically pays the owner's share to cover major property and liability losses on common property that may exceed the strata corporation's policy limits.
  • Request your insurance broker to advise you of any other additional riders that you should consider.
SOURCE: Insurance Brokers Association of BC


New Listing 427 - 5600 Andrews Road, Richmond, BC


R2014323 - 427 - 5600 Andrews Road, Richmond, BC, CANADAView my new listing for sale at 427 - 5600 Andrews Road, Richmond and currently listed at $408,800.

Enjoy the Steveston lifestyle from your stunning top floor, tastefully renovated home. Move-in ready, the efficient floor plan of almost 800 sq ft has 2 bedrooms, 2 bathrooms, cozy gas fireplace, laminate flooring, in-suite laundry, 12’ high living room ceiling & large balcony to enjoy the views! Tasteful upgrades include a new kitchen with butcher block counters, stainless steel appliances and designer paint. Other features include beautiful views from the large windows, and from the private balcony over-looking the gardens, mountains and peek-a-boo of the marina. Relax & unwind with great amenities, pool table, exercise room & a guest suite for company. Gas and hot water is included. Steps to Steveston Village and marina along the boardwalk. A must see! OPEN HOUSE SUNDAY CANCELLED.

Recently Sold Listing 9751 Gilbert Crescent, Richmond, BC


V1138534 - 9751 Gilbert Crescent, Richmond, BC, CANADAI have just recently sold this listing at 9751 Gilbert Crescent, Richmond.

Recently Sold Listing 319 - 6168 London Road, Richmond, BC


V1118836 - 319 - 6168 London Road, Richmond, BC, CANADAI have just recently sold this listing at 319 - 6168 London Road, Richmond.

New Listing 113 - 8500 General Currie Road, Richmond, BC


R2013339 - 113 - 8500 General Currie Road, Richmond, BC, CANADAView my new listing for sale at 113 - 8500 General Currie Road, Richmond and currently listed at $399,900.

Queen’s Gate – This home at nearly 1100 sq ft offers 2 bedrooms and 2 full bathrooms and is well situated overlooking the courtyard. This clean and tidy home includes 498 sq ft of private patio space which is accessed from your living area. Recreation facilities include guest suites, indoor pool, exercise room, hot tub, lounges, billiards, workshop and much more. This home is perfect for professionals, downsizers, snowbirds, singles or anyone over the age of 55 years. Pets are permitted, no rentals. Maintenance includes City Utilities, hot water and gas fireplace, etc. It includes 1 parking space as well as a storage locker. Call today to view!

See the Pixilink 360° Virtual Tour for this listing

New Listing 10591 Trepassey Drive, Richmond, BC


R2012787 - 10591 Trepassey Drive, Richmond, BC, CANADAView my new listing for sale SOLD at 10591 Trepassey Drive, Richmond and currently listed at $1,460,000.SOLD

Steveston!!! Rarely available renovated Cape Cod styled home on a terrific 7000 sqft Western exposed rectangle lot. This extremely well maintained home with countless updates has 3 bed + den, 2.5 bath in nearly 2100 sqft of functional living space. Some of the most notable updates include new plumbing, electrical upgrade and insulation throughout the entire home. Other recent updates include a cedar roof (2002), gutters (2007), furnace (2002), all windows, sliding door (2007), tile floor throughout the main living level and + more. The designer kitchen w/ radiant in floor heating & S/S appl w/ corian counter tops is sure to please. If you’re looking for a better than new home don’t miss this one, you will not be disappointed..

See the Pixilink 360° Virtual Tour for this listing