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Orchid MLS® Listings
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Building Info
Orchid - 5580 No 3 Road, Richmond, BC V6X 2C8, Canada. Crossroads are No 3 Road and Lansdowne Road. This development has 139 residential units within a 15-storey residential tower and two-storey townhouse units. A unique collection of JR 1-bedroom, 2 and 3-bedroom homes over a luxury retail podium. Developed by Beedie Living. Architectural design by award-winning Rafii Architects Inc. and DYS Architecture. Interior design by Cristina Oberti Design.
Orchid offers boutique living in an exceptional locationsophisticated and stylish homes with unparalleled access to all the necessities of modern life. Designed with thoughtful attention to detail, spectacular finishes and exclusive amenities, Orchid is an urban oasis.
Nearby parks include Minoru Park Lakes, Minoru Park and Brighouse Park. Nearby schools are Samuel Brighouse Elementary, Richmond Secondary School, Richmond Continuing Education School District No. 38, William Cook Elementary School, Henry Anderson Elementary and A.R. MacNeill Secondary School. Nearby grocery stores are Langley Farm Market, PriceSmart Foods, Tindahan Grocery Ltd, Izumiya Japanese Marketplace, Real Canadian Superstore, Empire Supermarket (2010) Ltd, China World Supermarket and Richmond Night Market. Steps away from Lansdowne Centre, CF Richmond Centre, Richmond Hospital, National Defense 12 Svc, Richmond Public Library - Brighouse Branch and Lansdowne Station. Few minutes drive to Vancouver International Airport.
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
Employee commute times and office space utilization data are informing companies’ strategies for encouraging in-person work and optimizing office layouts to meet long-term goals, according to those who spoke toBIV.
“As companies are revisiting or choosing to revisit their office space, they’re looking at a year to two years of real good data of who’s coming in, how often, what are they doing and what’s the purpose of the office for those people,” said Alain Rivère, vice-president of the high technologies group at CBRE.
Detached home starts decline as condo, townhome starts boom in 2023
The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of British Columbia (CPABC).
The annualBC Check-Up: Investreport found that construction began on 35,553 housing units in southwest B.C. during the year, a 20.9 per cent jump compared with 2022. This marks the highest number of housing starts ever recorded in the region.
“Our members living in the Lower Mainland have consistently reported that housing prices are the biggest challenge facing B.C. businesses,” said Lori Mathison, president and CEO of CPABC, said in an April 18 statement.
Contemporary high-rise concrete condominium by award-winning Rafii Architects Inc. and DYS Architecture, located in the heart of Richmond on Lansdowne & No. 3 Road
Luxury Carrara marble podium with public art framing high street retail along No. 3 Road
Grand main lobby with frameless curtain wall, double-height ceilings and Orchid reception lounge with wood and marble accents
LUXURY TO COME HOME TO
Choice of two colour schemes, Pearl & Nero, designed by Cristina Oberti Design
Individually controlled air conditioning and heating system
Rich laminate flooring throughout all living and bedroom areas
Grand, 7-foot interior doors
Solid core 7-foot wood stained suite entry door with quartz threshold
Premium door casing and 4" baseboards
Ceilings rise 8'-8" for every home
Expansive windows with roller shades
Oversized balconies with water, city and mountain views
LG Energy-efficient full-size front load washer and dryer with LED Display
USB port on electrical outlet in kitchen and master bedroom
Complimentary Telus Optik Internet & TV with PVR for one year
DESIGNER KITCHENS
Wood grain and pure white glass upper cabinets with wood grain lower cabinets
Soft-close cabinet hardware with elongated polished chrome pulls and LED under-cabinet lighting
Elegant quartz composite countertops and backsplash
Polished Grohe kitchen faucet over a 29" single undermount sink with in-sink disposal, rack, and built-in recycling station
Broan stainless steel slim profile 300 CFM hood fan
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