January 6, 2012

Aqua at Coastal Village is Ready

In the scenic bedroom community of squamish, this tower offers an outstanding buy and incredible real estate value

The massive upgrade of the Sea to Sky (Highway 99) for the 2010 Winter Games shortened (and made safer) the drive from Squamish to Vancouver, making this community of 17,000 a viable bedroom community for people working in the Lower Mainland. But while house prices have escalated Vancouver’s outlying suburbs, there are some outstanding buys in the ‘Outdoor Adventure Capital of Canada’ that lies snuggled between the granite monolith known as The Chief, the turquoise waters of Howe Sound, and the glacier-clad Coast Range mountains.

Located right in downtown Squamish and just a short walk from a soon-to-be revitalized waterfront, Aqua at Coastal Village was perhaps a bit ahead of its time when it was first marketed in 2008. The project’s original developer ran into financial difficulty during the economic downturn, and Aqua went into receivership while it was under construction. However, the six-storey concrete and steel condominium tower and garden level town houses have been completed and are ready for occupancy. The real winners are home buyers looking for an incredible deal—in some cases units up to 40 per cent cheaper than they would have paid in 2008.

Jill Carter, one of the sales managers for Aqua at Coastal Village, says: “People are starting to realize what a great community Squamish is and it’s incredible real estate value. We have five schools, two universities and are halfway between Vancouver and Whistler — two of the most expensive places in Canada to live.” “In this case, the Bowra Group Incorporated has essentially taken over as the developer of the project,” Carter continues.

“People can purchase here in full confidence. In fact, the Bowra Group has made improvements like offering stainless steel Whirlpool appliances and upgraded the carpeting and laminate flooring from the original spec sheet. Essentially, the entire project is being offered at below replacement cost; you will not find a concrete and steel building anywhere in the Lower Mainland at this price.” All Aqua homes also come with the most comprehensive B.C. government-approved home warranty program through National Home Warranty.

In the tower, two-bedroom-plus-den, two-bathroom units start at $259,000. For this low price, you get more than a thousand square feet of living space—with plenty of extras. Horizontal venetian blinds on all windows, inlaid hardwood flooring, beautifully finished shaker-style wood cabinetry, a gas range stove, dishwasher, microwave, washer and dryer, and granite countertops. Aqua features courtyard gardens, tree-lined walkways and public artwork.

A green-space buffer zone enhances privacy and the on-site trail system links up with public waterfront trails. A few two-storey, three-bedroom town houses, complete with outdoor terraces, are also still available. Located across from the condo tower, these units have proven to be popular with young families flocking to Squamish looking for not just a great lifestyle but a friendly small town in which to raise their kids. Carter says: “Squamish is really a young community, with over 60 per cent of its residents under 40. But we’re also seeing buyer interest from North Shore residents downsizing into smaller homes.”

The deal gets even sweeter for Aqua purchasers during the month of December. Selected condos on the fifth and sixth floor are being discounted a further $15,000, while third- and fourth-storey units are reduced by $7,500 off the already low receivership-sale pricing.

Aqua at Coastal Village: www.coastalvillageliving.com.
Presentation Centre – 1204 Main Street, Squamish
hours: 12–4 p.m. daily, (closed Tuesdays).

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