Welcome to a prime location on a quiet stretch of Nelson Street, just one block from Nelson Park. Units in this building rarely hit the market, and it's easy to see why. The location is unbeatable, and the building is solid with great neighbors.

This 2-bedroom, 2-bathroom home boasts unobstructed east-facing city views with a charming heritage building next door, ensuring no direct sightlines into your unit, unlike many other buildings. The two bedrooms are thoughtfully placed on opposite sides for added privacy. The galley-style kitchen opens up to the living room, where floor-to-ceiling windows let in an abundance of natural light.

Additional features include in-suite laundry, storage, and a maintenance fee that covers an on-site caretaker. Enjoy the convenience of being within walking distance to shops, restaurants, amenities, the beach, and all that Vancouver has to offer.

The unit also includes 1 parking spot, a storage locker, ample bike storage, and the option to add an electric vehicle charger to your parking stall.

Listing details : https://barrymagee.com/listings-for-sale.html/listing.r2783252-1104-1277-nelson-street-vancouver-v6e-4m8.104833422

When homeowners in British Columbia receive their annual BC Assessment notice, a common question that often arises is: "Is this the true market value of my property?" While BC Assessment plays an important role in determining property taxes, it's essential to understand what it really reflects and its limitations—especially if you're thinking about buying or selling your home.

What Is BC Assessment?

BC Assessment is a provincial Crown corporation responsible for evaluating the value of properties across British Columbia. The primary purpose of these assessments is to calculate property taxes, not to determine the current market value of your home.

Each property’s assessed value is determined based on two key dates:

• Valuation Date: The estimated value of the property as of July 1 of the previous year.

• Physical Condition: The state of the property as of October 31 of the previous year.

As a result, the assessed value reflects how much the property was worth several months before the notice is issued. It does not take into account any significant changes in the real estate market that may have occurred after those dates.

How BC Assessment Affects Property Taxes

The main role of BC Assessment is to provide property values to municipalities and other taxing authorities, who then use this data to determine property taxes.

1. Tax Revenue Needs: Municipalities calculate the amount of tax revenue needed to fund essential public services, such as schools, hospitals, and infrastructure.

2. Property Classification: BC Assessment categorizes properties (e.g., residential, commercial) and provides the total assessed value for each group.

3. Tax Rate Calculation: Municipalities use the assessed values to determine tax rates. Your individual property tax is then calculated by multiplying the tax rate by your property’s assessed value.

It’s important to note that an increase in your property’s assessed value doesn’t automatically mean your taxes will go up. For example, if your property’s assessed value rises less than the average for your area, your property taxes could actually decrease.

BC Assessment vs. Market Value

Many people mistakenly assume that BC Assessment determines the market value of their property. While there may be some overlap, the two serve different purposes:

1. Mass Appraisals: BC Assessment uses mass appraisal techniques, which means it evaluates properties based on neighborhood trends and averages. This method does not take into account specific features, upgrades, or unique characteristics of individual homes.

2. Timing of Valuation: Since BC Assessment is based on data from the previous year, it may not reflect current market conditions. For instance, if property prices have significantly risen or fallen after July 1, the assessed value will not capture those changes.

3. Taxation, Not Market Value: The goal of BC Assessment is to ensure that property taxes are distributed fairly and equitably, not to determine what a buyer would pay for your home in today’s market.

Can BC Assessments Be Wrong?

Sometimes, BC Assessments may not accurately reflect a property’s actual condition. Some common issues include:

• Incorrect building size or land area.

• Misclassification of the property (e.g., residential property classified as commercial).

• Failing to account for special features, zoning restrictions, or improvements made to the property.

If you believe there is an error in your assessment, you can file an appeal by January 31. Be prepared to present evidence, such as comparable sales or an independent appraisal, to support your case.

Who Determines Your Home’s Market Value?

If you're looking to sell, refinance, or simply get an accurate, up-to-date estimate of your property’s market value, you will need more than just the BC Assessment:

• Real Estate Professionals: Real estate agents and brokers use current market data, comparable sales, and your property’s unique features to provide an accurate listing price.

• Certified Appraisers: For formal valuations (e.g., mortgage approvals, legal purposes), certified appraisers offer detailed reports that reflect the true market value of your property.

Final Thoughts

While BC Assessment plays a key role in determining property taxes, it doesn’t provide an accurate reflection of your home’s current market value. If you're planning to buy, sell, or challenge an assessment, it's best to consult with a real estate professional to get a precise and up-to-date valuation. Understanding the distinction between your property’s assessed value and its market value can make a big difference in your real estate decisions.

Welcome to Trinity Street, one of East Vancouver's most sought-after neighborhoods, renowned for its festive Christmas light displays. This charming, central location offers a peaceful retreat with easy access to all the amenities Vancouver and Burnaby have to offer. This well-maintained home sits just 1.5 blocks from bustling McGill Street, tucked away from the noise, yet only moments from the PNE. Enjoy stunning mountain views while sipping your morning coffee or cooking in the kitchen. The home is conveniently located within the catchment for all levels of school, including Hastings Elementary and Templeton Secondary. Whether you're looking for a renovation project, a potential rebuild, or a move-in-ready home, this property is full of possibilities.

Listing details : https://barrymagee.com/listings-for-sale.html/listing.r2763784-2751-trinity-street-vancouver-v5k-1e6.104567119

Marpole is a dynamic and historic neighborhood located at the southern tip of Vancouver, and one of the city's oldest communities. Initially an agricultural area, Marpole underwent industrialization with the arrival of the railway in the early 20th century, and was officially incorporated into Vancouver in 1929. The neighborhood saw significant growth between the 1950s and 1970s, largely due to the construction of two key bridges, Oak Street and Arthur Laing.

Location

Located in the southern part of Vancouver, Marpole is conveniently close to Mitchell Island, the City of Richmond, and Vancouver International Airport. The neighborhood is bordered by W 57th Avenue to the north, the Fraser River to the south, Ontario Street to the east, and Angus Drive to the west.

Housing Market History

Predominantly developed during the Baby Boomer era, Marpole features a mix of single-family homes, low-rise condominiums, and various rental properties. Its industrial past has shaped the area’s multicultural identity, making it a symbol of affordability and upward mobility over the years. Marpole also boasts several heritage buildings, preserving a strong connection to its past. The neighborhood is home to a number of senior residences, including Marpole Place and the George Pearson Centre.

Recreation Opportunities

Marpole is committed to fostering an active and engaged community. The Oakridge Community Centre offers a range of programs, while the local Soccer and Baseball Clubs provide opportunities for youth sports. The Marpole Curling Club is one of Canada’s most active. For golf enthusiasts, the Langara Golf Club is a public course that welcomes golfers of all levels. The neighborhood is also rich in green spaces, with Shannon and Riverview parks to the west, Winona Park to the east, and Oak and Eburne Parks at its center—perfect for outdoor activities and relaxation.

Restaurants & Shopping

The heart of Marpole's retail activity lies along the Granville Street corridor. Here, local businesses thrive alongside major retail chains, offering a wide variety of shopping and dining experiences. The Marpole Business Improvement Association promotes the neighborhood as a fantastic place to stroll and explore, with a particular emphasis on its diverse selection of Asian restaurants and shops.

Schools in the Area

Marpole is home to several elementary schools, including Laurier Annex, David Lloyd George, J.W. Sexsmith, Sir Wilfrid Laurier, and McKechnie Elementary, providing ample options for young children. For older students, Sir Winston Churchill and Magee Secondary schools are located just outside the neighborhood boundaries. In addition, several independent schools, such as St. Anthony of Padua, the Vancouver Hebrew Academy, Glen Eden, and Vancouver Montessori, serve the needs of the area’s diverse population.

Transportation Options

Marpole offers excellent connectivity to the rest of Greater Vancouver. Major arterial roads, such as Granville and Cambie Streets (running north-south), and SW Marine Drive (running east-west), provide easy access to the city and beyond. The neighborhood is well-connected to the City of Richmond via Route 99, and Vancouver International Airport is just a short drive along Grant McConachie Way. Marpole is served by numerous public transit routes, and although pedestrian traffic tends to be more local, cycling enthusiasts will find the neighborhood to be a bit of an adventure.

Browse Marpole listings for sale : https://barrymagee.com/recip.html#!/wps/-/noframe~true/recip/59576/idx.search?idx_v2_map_pos=49.2107|-123.1302&idx_v2_map_zoom=11&idx_v2_map_radius=3.0

Welcome to this stunning and spacious 1-bedroom plus den unit in the highly sought-after Galleria building, located in the heart of False Creek. Just a short walk to the Seawall and Granville Island, this prime location offers the best of Vancouver at your doorstep.

Built by the renowned Aragon Properties, this concrete and steel low-rise building features commercial spaces and serves as the home to Aragon’s head office. Inside, you’ll find a cozy gas fireplace, a gas stove, and in-floor radiant heat, with natural gas and hot water included in the maintenance fees.

Recent upgrades (completed in 2021 with strata approval) include stylish laminate flooring, a new bathroom vanity, and updated kitchen appliances, including a dishwasher, stove, and microwave. The Miele washer/dryer was purchased in 2018 for added convenience.

The highlight of this unit is the 268 sq. ft. northeast-facing terrace balcony, perfect for BBQs and enjoying beautiful evenings. Additional features include 1 parking spot and 1 storage locker. Units in this building rarely come up for sale, so don’t miss the opportunity to call this exceptional property home!