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Receive more information about Grace by Vicini Homes
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Thank you for visiting
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cannot interfere. If you choose to work with our area specialist instead, please click “NO” and continue with the request form. Change answer to "No" I am not working with a realtor
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Grace by Vicini Homes MLS® Listings
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Building Info
Grace - 4575 Ash Street, Vancouver, BC V5Z 3G2, Canada. Crossroads are Ash Street and W 31st Avenue. Developed by Vicini Homes. Grace has a total of 43 units and 3 storey. Grace, 43 boutique townhomes ideally located on a quiet tree-lined side street where Ash. Development by Vicinihomes.
Grace offers classic townhome layouts designed for livability. With individual street addresses and private, direct access to your home from the parkade, your neighbours are on either side not above or below. 3 bed + den/nursery layouts with over 1,545 sq.ft. of indoor living space and large 2 bed + flex homes over 1,200 sq.ft. All homes have over 450 sq.ft. of outdoor living space for entertaining including a rooftop deck, as well as a bonus private storage room.
Grace is ideally situated on a leafy, tree-lined street in a mature, westside neighbourhood. From its central site, Grace offers easy, walkable access to 130 acres of westside green space at Queen Elizabeth Park. Downtown is a short 10-minute drive, and the newly revitalized and energized Oakridge is 10 minutes by foot less if you choose to drive. An ideal home starts with an enviable location.
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
SINGLE FAMILY-INSPIRED LIVING ON VANCOUVER’S WESTSIDE • 43 westside townhomes in Vancouver’s Queen Elizabeth neighbourhood • Ideally located on a quiet tree-lined side-street in a mature single-family neighbourhood • A perfect balance of 3 Bedroom + Nursery, 3 Bedroom + Den, and 2 Bedroom + Flex classic townhomes where neighbours are side by side and not above or below • Convenient direct access to your home from the street or courtyard • Individual street addresses • Timeless brick exterior with dark contemporary window frames mirror the single-family architecture of this storied neighbourhood • Direct access to all homes from the parkade with adjacent storage rooms for each home • Manicured courtyard landscaping creates a seamless transition between private and public spaces
SINGLE FAMILY-INSPIRED INTERIORS • Large format front door with contemporary vertical window • Energy efficient air-conditioning and HRV for year-round comfort and enhanced air quality • Choice of two elegant colour palettes: Ash and Heather • Ceiling Heights: - 3 Bedroom + Den/Nursery - 9’ on main and third floor and 8’ on second floor - 2 Bedroom + Flex - 9’ on main and second floor • Warm recessed pot lights in the ceiling on each level • Wide plank engineered hardwood floors throughout each home including the bedroom and stairs • Ground floor patio directly adjacent to kitchen to maximize indoor-outdoor living • Bay window seat in the living room in each home • Ample storage opportunities in every home so that everything has its place • Sleek roller blinds for each exterior window, including black-out roller blinds in the bedrooms • Family-sized LG Front load washer and dryer on the second level • 3-bedroom homes each have a walk-in closet in the primary suite, complete with closet organizers and motion activated lighting
KITCHENS • Modern quartz countertop and backsplash • Flat panel kitchen cabinets with wood grain lowers and white uppers • Fisher & Paykel full size appliance package: - 36” integrated French door fridge with bottom freezer - 30” 5 burner gas cooktop - 24” integrated dishwasher - 30” built-in oven • Panasonic microwave with stainless steel trim kit • Convenient Faber pull-out hood fan • Grohe pull-down kitchen faucet with dual function stream and spray • Modern double bowl Blanco Silgranit undermount sink • Handy kitchen organizers: - Cutlery and utensil organizer and divider - Sliding pantry pull-out with spice rack and storage baskets - Corner two tier pull-out storage optimizer - Under-sink waste and recycling organizer
BATHS
Ensuite Bathroom
• Floor to ceiling tile including tiled shower base with linear drain • Expansive ensuite shower with glass enclosure and built-in niche • Grohe brushed nickel hand-held shower wand and rain-head • Stunning quartz countertops • Contemporary wall-mounted two handle faucet in brushed nickel finish • Floating vanity with side-by-side undermount sinks with lower shelving and motion-controlled recessed lighting • Mirrored backlit medicine cabinet • Grohe elongated toilet with so close seat and cover • NuHeat underfloor heating Shared Bathroom • Deep contemporary bathtub with glass partition featuring a tiled bathtub skirt and tiled surround • Grohe brushed nickel single-handle vanity faucet • Grohe brushed nickel adjustable shower wand • Grohe elongated toilet with so close seat and cover Powder Room • Grohe elongated toilet with so close seat and cover • Continuous hardwood flooring for seamless transition from living area • Statement feature wall with floor to ceiling tile
PEACE OF MIND
Exterior & Interior
• Secure NEST smart video doorbell for front door • Satin nickel Taymor mortise lock set with integrated lever and deadbolt • Finished monitor-ready security system for every home • Advanced temperature and humidity control - Split system air source heat pump to both heat and cool - Heat recovery unit to minimize energy consumption while heating the home - Zone-control thermostats • Individual hybrid electric heat pump hot water tanks in each home • EV-ready parking spots Landscaping and Plantings • Elegant, well-manicured landscape plan • Convenient seating areas within the courtyard for interacting with friends and neighbours • On-site children’s play area • Built-in irrigation system • Thoughtful plantings located along the street front, courtyard, and rooops help with environmentally friendly stormwater management system Green Building Standards • Built to Vancouver’s Green Building Policy, Low Emissions Green Buildings Pathway which requires a high level of insulation, air tightness, and energy efficiency, and also increases the comfort level of the home
QUALITY • Proudly developed by locally owned Vicini Homes • Industry leading warranty coverage with a Traveler's 2-5-10 Warranty
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2024
Levels
3
Construction
Frame - Wood
Strata Information
Strata Plan #
Units in Development: 43
Units in Strata: 43
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