May 22, 2012
Homes Positioned To Take In The Sunshine
Location: West Kelowna Estates
Project size: Phase 1, nine townhomes in a triplex configuration, three-bedroom, 2.5 bathrooms
Residence size: 1,990 sq. ft., plus 1,000-square-foot outdoor balcony/terrace/rooftop decks. Two remaining for sale. (36 townhomes at completion of Phases 2, 3, and 4.)
Price: $389,900 — $429,900
Developer: No. 145 Cathedral Ventures Ltd.
Architect: Duane Siegrist (Integra)
Sales centre: 1818 Peak Point Crt., West Kelowna
Hours: By appointment
Occupancy date: Summer 2012 (Phase 1), Fall 2012 (phase 2)
BY STEVEN THRENDYLE
Some longtime residents of the Okanagan Valley might scratch their head a bit when asked: “Where is West Kelowna Estates?” But, in fact, it’s one of the easiest residential developments to find in the region – heading into Kelowna on Highway 97 north, turn left at the lights on Westlake Road and start climbing. Lakeview Terrace in West Kelowna Estates is carved right out of the mountainside, and they’ve got the ‘lakeview’ part right – most properties boast a stunning view overlooking the William R Bennett Bridge, the highrises and hotels bordering downtown Kelowna, and wide-open vistas of the Okanagan highlands and the azure blue lake.
Lakeview Terrace is designed as an intimate, almost boutique-style neighbourhood adjacent to Rose Valley Regional Park, one of the Okanagan’s best birding sites and — somewhat counter-intuitively — a great place to go mountain biking, too. “We really looked around before we designed these homes and wanted to offer something unique,” project spokeswoman Natalie Cade says. “We wanted to retain the trees and the unobstructed views of the lake and city, which the rooftop deck provides. You can see all the way from the lake up to Big White. We know that outdoor kitchens and entertaining are very popular in the Okanagan, and these homes have a lot of deck space to take advantage of.”
For vacationers and investors, Lakeview Terrace homes also offer low-maintenance lawns and yard upkeep. It’s just the kind of place that Chelsea Laurin and her husband Terry were looking for. In fact, they’re the first occupants in the development, having recently taken possession of their new three-storey home. “We lived up in Winfield and still own a house with a suite that we’ve converted to a rental property since house prices still haven’t bounced back to where they were several years ago,” Laurin says. “We had looked at a ton of places in Kelowna. I came across Lakeview and love when I saw it in person. With its unique design and rooftop patio, it was very unique to Kelowna.”
She also laughs when she talks to people about the location on the “other side” of the bridge. “Since the new bridge went in, I can be downtown in less than 10 minutes,” she says. “But it’s surprising how many people still think it’s a problem. I’m sure it takes longer to get from Kettle Valley in the Upper Mission to downtown than from where we live.” “It’s likely best for younger people,” Laurin says. “I really love the three levels and there’s an outstanding view from each one. However, I could see it being a challenge for a more elderly person.”
However, as Cade says: “What we’ve noticed is that we’ve got a lot of interest from all kinds of age groups. I think it’s really attractive to people who just want to be close to nature.” Though the homes are configured as duplexes and triplexes, they retain a very private ambience thanks to the lot configuration.
Architecturally, Lakeview Terrace is refreshing departure from the Arizona-inspired Okanagan homes of the early 90s or the faux Arts and Crafts period pieces found elsewhere throughout the valley. Distinctly modern in style and positioned on the lots to take full advantage of north/south sun exposure during the day, each three-bedroom Lakeview Terrace offers an impressive 2,000 square feet of living space and an additional 1,000 square feet of deck and patio space in no less than five different locations — off the kitchen on the main floor (with a natural gas line for a barbecue), in the master bedroom, off the rec room in the basement, and – the piece de resistance – a 700-square-foot rooftop deck. There’s plenty of parking or storage space in the two-car garage, as well.
West Kelowna, meanwhile, is developing a separate identity and social fabric from Kelowna. Even though it’s less than five minutes from the bridge, you can pretty much get everything you need at the many new big-box retailers down on Highway 97. Unlike some residential areas in West Kelowna, though, you aren’t looking down at the mall from your home – your Lakeview Terrace vista encompasses the lake, bridge, and downtown. Further conveniences include easy access to Rose Valley elementary school across the street, and its location on a major bus route.
Due to the recent recession, there aren’t a lot of new projects that are on the go in the Okanagan; however, Lakeview Terraces offers an impressive tick list of features and incentives for buyers looking for a new home. This new high-end project is priced at $200 a square foot and easily outcompetes many of the foreclosure properties that have flooded the Okanagan real estate market recently. For the last two units of Phase 1, the developer is offering to finish off the basement as a rec room or “man cave”, and stainless steel Kitchen Aid appliances are a further incentive as well.
Special to The Sun