Overview
Rare investment opportunity! Serenade is a newly constructed wood-frame low-rise strata condominium project consisting of 68 strata-titled units in Langley, BC. Most of the suites have exceptional views of the North Shore Mountains or Mount Baker. With an average size of 713 sq. ft., the tastefully finished suites feature Studio & den, 1Br, 1Br & den and 2Br units with in-suite laundry & dishwashers. Building includes balconies/patios, secure underground parking, fitness facility and state of the art security. Situated in the heart of Langley City’s pedestrian oriented downtown, close to high-end shopping, neighborhood shops, restaurants and casinos. 62 of the 68 suites are offered for sale.
Location
Langley City has all the amenities of a great urban centre; surrounded by extensive shopping, lush parkland, equestrian centres, world-class educational facilities and championship golf courses. Langley City offers easy access to two international airports, the Trans-Canada Highway and US border. Residents of Langley City enjoy a relaxed lifestyle and a strong community spirit.
Serenade is located in the heart of Langley City’s pedestrian oriented downtown core. Serenade really does have something for everyone. There’s a high-end shopping centre, neighborhood shops, restaurants, casino and so much more right on your doorstep.
Specifically, the site is situated on the south side of Douglas Crescent between 204th and 206th Street adjacent to Douglas Park.
Highlights
- Studio + den, 1 bedroom, 1 bedroom + den and 2 bedroom suites
- Underground resident (82 stalls) & visitor parking (14 stalls)
- Nine unique floor plans
- Two colour schemes by False Creek Design Group; featuring a stylish selection of laminate flooring, stunning tile features and top of the line appliance package
- In-suite laundry white Samsung front load electric washer and dryer
- Views overlooking Douglas Park, the North Shore Mountains and Mount Baker
Features
KITCHEN
- Quartz countertops with tile backsplash
- Grohe polished chrome dual spray pull down faucet
- Contemporary flat panel cabinets in two color choices
- Polished chrome cabinet fixtures
- Frigidaire Stainless Steel
- Top mount fridge with glass shelves
- Slide in electric range with Ceran top
- Tall Tub Dishwasher
- Microwave and Range Hood combination
BATHROOM
- Stylish cabinets
- Grohe faucets and fixtures
- 23″ deep soaker bathtub and shower
- Mosaic tile feature in shower
AMENITIES
- Fitness facility
- Washrooms
- Amenity space with full kitchen
SECURITY
- State of the art building security system
- FOB Key System for doors and elevators
- Every home acoustically engineered for minimal sound transfer
- Two gate parkade system for residents and visitors
WARRANTY
- Travelers Warranty Insurance including:
- Two-year material and labor
- Five-year building envelope
- Ten-year structural defect
Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| Studio + Den | No. units3 | Average size661 | Average rent$1,100 |
| One Bedroom | No. units23 | Average size602 | Average rent$1,000 |
| One Bedroom + Den | No. units21 | Average size757 | Average rent$1,200 |
| Two Bedroom | No. units15 | Average size843 | Average rent$1,500 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2011 | Land Building Total | Land$5,346,900 Building$4,488,200 Total$9,835,100 |
| Taxes 2011 | $63,299 | |
| 2011 Proforma | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$922,164 Vacancy(23,054) Effective gross$899,110 Operating expenses(260,689) Net operating income$638,421 |
| Notes | Financial projections, taxes, assessments and net rentable area based on 62 of the 68 units. For a detailed proforma, click here. | |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Gallery
